Dear All,
All of us we talk about Energy/Power crunch,,,because as common man we know only two faces of energy crisis 1.Load Shedding 2.Fuel Difficiency(Raising cost for Petrol/disel/Gas)So directly or indirectly Energy has become the topic of discssion for all of us,though we are not Power Minister,Engineers or Energy Auditors.
Today Lets Discuss about Energy Crisis.
An energy crisis is any great bottleneck (or price rise) in the supply of energy resources to an economy. In popular literature though, it often refers to one of the energy sources used at a certain time and place.
Causes
Market failure is possible when monopoly manipulation of markets occurs. A crisis can develop due to industrial actions like union organized strikes and government embargoes. The cause may be over-consumption, aging infrastructure, choke point disruption or bottlenecks at oil refineries and port facilities that restrict fuel supply. An emergency may emerge during unusually cold winters due to increased consumption of energy.
Pipeline failures and other accidents may cause minor interruptions to energy supplies. A crisis could possibly emerge after infrastructure damage from severe weather. Attacks by terrorists or militia on important infrastructure are a possible problem for energy consumers, with a successful strike on a Middle East facility potentially causing global shortages. Political events, for example, when governments change due to regime change, monarchy collapse, military occupation, and coup may disrupt oil and gas production and create shortages.
For More Information Related to Courses in Energy Management
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