Energy crisis is any significant bottleneck in the supply of energy resource to an economy.
Causes of Energy Crisis:
(i).Over population: Demand of energy household or every industry or any country is increases due to over population. Higher population leads to higher shortage of energy resources.
(ii).Over consumption:Few developed countries of the world uses power resources in every sphere over consuming the resources like fuel, oil, running water, electricity etc. Because of over consuming of resource by certain section of society, the other sections of societies are not able to get the amount of resource that is required by them.
(iii)Aging infrastructure: Modern technology leads to less energy consumption. Old technology leads to high energy consumption. The aging infrastructure means more amount of energy for performing the same amount of work in compare to modern technology. Because of ageing infrastructure leads to draining the energy resources.
(iv).Industrial development & growing consumption: The supple of resources are limited & the amount of demands are more in a certain place. In that case the supply is divided into more number. For this, the number of demand facing shortage of energy.
(v).Market manipulation: The market manipulation holds the resources for some time till the prices of any commodity rise up. Then market manipulation selling that commodity at higher prices & they earn profit. For this reason, artificially energy crisis is created in the market.
(vi).severe weather: Severe weather like rainfall, storm etc leads to energy crisis. For example, electricity supply from Haldia to Nandakumar connects by electric grid. Due to heavy storm electricity grid when is broken, then contain facing the shortage of electricity.
(vii).Political turmoil: Political instability play the most important role for energy crisis. For example, 1973 oil crisis- caused by an OAPEC oil export embargo.
Causes of Energy Crisis:
(i).Over population: Demand of energy household or every industry or any country is increases due to over population. Higher population leads to higher shortage of energy resources.
(ii).Over consumption:Few developed countries of the world uses power resources in every sphere over consuming the resources like fuel, oil, running water, electricity etc. Because of over consuming of resource by certain section of society, the other sections of societies are not able to get the amount of resource that is required by them.
India Consumption
|
700kw
|
Global Consumption
|
1000kw
|
USA
|
7000kw
|
(iv).Industrial development & growing consumption: The supple of resources are limited & the amount of demands are more in a certain place. In that case the supply is divided into more number. For this, the number of demand facing shortage of energy.
(v).Market manipulation: The market manipulation holds the resources for some time till the prices of any commodity rise up. Then market manipulation selling that commodity at higher prices & they earn profit. For this reason, artificially energy crisis is created in the market.
(vi).severe weather: Severe weather like rainfall, storm etc leads to energy crisis. For example, electricity supply from Haldia to Nandakumar connects by electric grid. Due to heavy storm electricity grid when is broken, then contain facing the shortage of electricity.
(vii).Political turmoil: Political instability play the most important role for energy crisis. For example, 1973 oil crisis- caused by an OAPEC oil export embargo.
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| Energy Crisis |
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