I.Introduction. Margaret Mead (1901 - 1978), an U.S. anthropologist once said, "We are living beyond our means. As a people we have developed a life-style that is draining the earth of its priceless and irreplaceable resources without regard for the future of our children and people all around the world." The potential for an energy crisis has never been higher. Oil prices have recently exceeded $70 per barrel and they may continue to increase. The disruption …
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showed last 75 words of 719 total
…problems. Sun and wind is not always available, if the weather is cloudy and calm both power plants will be useless, since nothing can generate them to produce electricity. V. Conclusion. World excess capacity is at a record low, the capacity is concentrated in a few OPEC member countries, and it takes time to distribute the oil to the dependant countries. These three reasons can exacerbate the shortages in world and create a potential crisis.