What is the difference between the Oil Crisis, Gas Crisis and Energy Crisis?
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I am confused on the difference between one another. Does the these crises have to do with one another? What are the differences? I know the Oil Crisis has to do with the oil embargo ...show more
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Answer:
Oil crisis is basically a phenomenon where the prices of oil products boost up because of the increase in world market's price which is caused to a so-called 'decrease' of oil deposits. Without getting proper oil production of gas energy will decrease. It will cause the energy crisis :)
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Other answers
without oil coming into our country the gas refineries could not make enough gas so with low supply prices rose and in the 1970's we had really long gas lines. it sucked!
craig
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