There is obviously some awareness of a future "oil crisis", but at the moment such phrases are only ammunition for oil companies. The world is not going to run out of oil any time soon. However, continued use of our oil reserves poses many environmental problems. We have probably 100 years to get our act together and completely break our dependancy of oil. (Given the rise of technology that can get oil once thought unobtainable) This doesn't mean you should sell your gas guzzler and start picketing gas stations, although investing in alternative energy might be a good idea.
no not at all. because oil crisis and scandals in india. indias economy is going down.
The OPEC oil embargo.
florida
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.
The three crises of 1956 were the Suez Crisis, the Hungarian crisis and the Oil Crisis. The Suez crisis was a confrontation between Israel and Egypt.
corrupt............
The Iranian Revolution
There is still a gas crisis we are currently running out of gas
Get your energy from other sources.
October 6th 1973 Oil Crisis was a direct cause of the Economical Crisis. OAPEC refused to export petrol to supporters of Israel because of the Yam Kippur War where Syria and Egypt invaded Israel. Basically they issued an oil embargo. Alongside the oil crisis, USA had decided to float the dollar, which was devalued.
CNN Presents - 1993 We Were Warned Tomorrow's Oil Crisis was released on: USA: 2006
Oil