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Causes of energy or oil crisis

Answer Text:
Causes of Energy/oil crisis
1. Over-reliance on petroleum and its products.
2. High oil prices due to sharp rise in oil demand.
3. Economic and political sanctions
4. Uncertainties in oil supplies to consumers.
5. Rapid depletion of oil reserves.
6. Conflict in the Middle East especially between Israel and Palestine.
7. Exhaustion of wood fuel
8. Mismanagement of energy
9. Oil production limits set by OPEC
10. Artificial shortages by countries like Russia and USA relying on oil from other countries and conserving their own.