An energy crisis is any great shortfall (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, particular, the production costs of electricity rise, which raises manufacturing costs and For the consumer, the price of petrol and diesel rises.
Energy resources have depleted! Whatever resources are available are simply too expensive to buy or already acquired by countries which had planned and acted long time ago.
Delayed efforts in the exploration sector have not been able to find sufficient amounts of energy resources. Nations of the world which have their own reserves are not supplying energy resources anymore; only the old contracts made decades ago are active. Airplanes, trains, cars, motorbikes, buses and trucks, all modes of transportation are coming to a stand still. Many industries have closed due to insufficient power supply.
Price of oil has gone above the ceiling. At domestic level, alternate methods like solar, biogas and other methods are being tried for mere survival.
The above is a likely scenario of Pakistan and around the globe after 25 years. A pessimistic view, but realistic enough to think about and plan for the future. But are we doing anything about it?
As the situation stands to-day, there are hardly any immediate solutions to resolve the issue. A change of attitude and a change of life style is needed at the national. At best there could be some short and long-term solutions to the crisis but they need immediate planning and execution with investment.
So the Two key elements of a possible solution are: change of attitude and change in lifestyles.
The current energy consumption trends in Pakistan are extremely inefficient, well over ten per cent of national electricity can be saved by applying only the first level of energy conservation that is a change in attitude. It.
Cite this Energy Crises Is a Greate Short Fall
Energy Crises Is a Greate Short Fall. (2018, Aug 30). Retrieved from https://graduateway.com/energy-crises-is-a-greate-short-fall/