Question

Short Paragraph on topic energy crisis ​

Answer 1

Explanation:

An energy crisis is any significant bottleneck in the supply of energy

resources to an economy. In 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 Industrial

development and population growth have led to a surge in the global

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.

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