An energy crisis refers to a situation in which the demand for energy exceeds the supply, leading to a significant rise in energy prices and potential shortages. This can result from various factors, including geopolitical tensions, natural disasters, disruptions in energy production or distribution, and changes in consumer behavior. Energy crises can manifest in the form of fuel shortages, electricity blackouts, or increased costs for consumers and businesses, prompting economic challenges and social unrest. Governments and organizations often respond to energy crises by implementing conservation measures, promoting alternative energy sources, or adjusting energy policies to stabilize supply and demand.
Global energy markets are experiencing price surges due to geopolitical tensions, such as the Ukraine conflict affecting natural gas supplies. Rapid urban expansion and post-pandemic economic recovery have increased energy…
As winter envelops the Northern Hemisphere, a significant shift in energy dynamics is taking place, primarily in the Global South. China's and India's approach to energy stands in stark contrast…