Question

short note on energy crisis

Answer 1

An energy crisis is any significant bottleneckin the supply of energy resources to an economy. In popular literature, it often refers to one of the energy sources used at a certain time and place, in particular those that supply national electricity grids or those used as fuel in vehicles.

Industrial development and population growth have led to a surge in the global [energy demand|demand for energy]] in recent years. In the 2000s, this new demand — together with Middle East tension, the falling value of the U.S. dollar, dwindling oil reserves, concerns over [peak oil], and oil price speculation — triggered the 2000s energy crisis, which saw the price of oil reach an all-time high of $147.30 a barrel in 2008.

Answer 2

Energy crisis refers to the lack of energy for our population. It has originated due to growing population and depleting fossil fuel reserves all over the world. Most of the energy that we use at homes come from sun or electricity. Sun is the ulltimate source of energy. It is limitless and abundant, but technologies to convert this energy into electrical or any other useful form have been inefficient. We mostly rely on traditional techniques for the production of energy such as Thermal power plants that use coal and boilers and hydroelectricity that uses water stored in dams. These are not sufficient to meet the growing demands. Though companies have started to make energy-efficient appliances such as LED bulbs instead of CFLs and tubelights due to rising costs of energy, the total and increasing usage of these overcomes their savings.