What are the hazards of the energy crisis?

The extensive use of oil, coal and traditional fossil energy has been exhausted, while the production and supply systems of new energy such as transportation, finance and commerce have not yet formed, which has triggered a series of energy crises.

The most serious of these is the industrial collapse, and even the war for the remaining oil resources. At that time, the international community widely recognized the importance of energy security.

In the next 20 years, with the support of stable energy supply, the world economy will grow substantially. However, while enjoying the benefits of energy and scientific and technological progress brought by economic development, it also faces a series of inevitable energy security challenges.

Problems such as energy shortage, resource competition and environmental pollution caused by excessive use of energy threaten the survival and development of mankind.

Today, the world population has exceeded 6 billion, more than twice that of the end of last century, while energy consumption has increased by 16 times.

However, the energy supply has never kept up with the human demand for energy. At present, the world energy consumption is mainly dominated by fossil resources. China and other countries are mainly coal, while other countries are mainly oil and natural gas.

Therefore, no matter what kind of traditional energy structure, the energy crisis facing mankind is getting more and more serious.

Energy crisis refers to the impact on the economy due to the shortage of energy supply or rising prices. This usually includes shortages of oil, electricity or other natural resources. Energy crisis usually leads to economic recession.

From the consumer's point of view, the increase in the price of petroleum products used by cars or other means of transportation reduces consumers' confidence and increases their expenses. The energy price in market economy is influenced by the relationship between supply and demand, and the change of supply or demand in the relationship between supply and demand will lead to the sudden change of energy price.