Energy provides the necessary power to do work. We obtain energy by eating food. We use energy to carry and push things from one place to another. We use energy to perform all daily activities. We use energy to maintain our biological function inside our body. Without any energy in our body, we would be literally dead. Energy stores inside our body allow us to carry out work.
Energies are of many forms. It can be in us and in our surroundings. Like the human body, if there is no energy present inside it we literally die, like our major problem today about energy crisis. Energy crisis is any price increase in the supply of energy resources in the economy. An energy crisis may be referred to as an oil crisis, petroleum crisis, energy shortage, electricity shortage or electricity crisis. Here are some of the problems why this kind of crisis occurs in our world today:
§ Too much consumption of the different kinds of energy resources.
§ Wars against another country.
We have different kinds of energy resources and one of these is petroleum, coal and oil. Petroleum is produced in oil refineries were crude oil is processed and refined and produces gasoline. Coal is a fossil fuel found formed by our ecosystem where plant remains were preserved by water and mud from oxidization and biodegradation, thus sequestering atmospheric carbon. Oil burns in air and generates heat, which can be used directly, or converted into other forms of fuels by various means. These energy resources are the most important of all because they produce the most consumed energy worldwide with oil which is the highest that is consumed worldwide with over 37% and next is coal with 25% and lastly gas with 23%, which is a close percentage with coal. These energy resources are readily available for us to use but if lost it is hard to produce and find another resource of it.
One example of these is the
Wars are the causes of energy crisis most of the time. One of these examples of war is the 1979 oil crisis when the members of Organization of Arab Petroleum Exporting Countries (OAPEC, consisting of the Arab members of OPEC plus Egypt and Syria) announced, as a result of the ongoing Yom Kippur War, that they would no longer ship oil to nations that had supported Israel in its conflict with Syria, Egypt, and Iraq (the United States, its allies in Western Europe, and Japan). This is a good example of war causing a major oil crisis. When people are involved into a war especially if there is a alliance with one of the countries, there will be a 99% chance that you will be one of the countries that will be affected by it.
This crisis is a major problem worldwide. The fundamental energy crisis isn't the cutting of redwood forests, the dumping of toxic waste, and the burning up of fossil fuels. The global crisis isn't the ozone hole, the extinction of hundreds more species each year, the melting of glaciers and the threat of another world war. The real crisis is the continuous laziness and weakness in human brains. Humans just haven’t yet learned to develop and master their own brain activity, because no one ever taught them how.
When an energy market fails the result is an energy shortage. The macroeconomic implications of a supply shock-induced energy crisis are large, because energy is the resource used to exploit all other resources. That is the economic effect of energy crisis. When this happens, the society is now involved in the problem. Electric consumers may experience internationally-engineered rolling blackouts which are released during periods of insufficient supply or unexpected power outages, regardless of the cause.
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