An energy crisis is any great
bottleneck (or price
rise) in the supply of
energy resources to an
economy. It usually refers to the shortage of
oil and additionally to
electricity or other
natural resources.The crisis often has effects on the rest of the economy, with many
recessions being caused by an energy crisis in some form. In particular, the production costs of electricity rise, which raises manufacturing costs.For the consumer, the price of
gasoline (petrol) and
diesel for cars and other vehicles rises, leading to reduced consumer confidence and spending, higher transportation costs and general price rises.
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