What is Energy Crisis?
1.
A media buzzword to refer to speculative bubbles in energy markets, usually oil. Caused by artificial distortions in the market introduced by OPEC manipulating the market, and excessive restrictions on drilling. Not a real crisis.
Remember the gas lines in the last energy crisis?
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2.
An energy crisis is the noticeable price increase of energy resources. It usually refers to the shortage of oil. It can also refer to a shortage of electricity or other natural resources.
Barack Obama is working with the E.E.R.E. to help soften the blow of the energy crisis.
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More terrifying that terrorists: the energy crisis.
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