Energy crises: an overview from history?

This data-file tabulates the key features of a dozen energy crisis, caused by shortages of coal, oil, gas or electricity, since the start of the twentieth century; including the 1973-74 and 1979-80 oil shocks, UK coal miners’ strikes, Russia-Ukraine gas disputes, California electricity crisis. Most recently, price action in 2021-22 is not dissimilar from that of prior crises.

In each case, we note the time-frame, price run-up, causes and consequences. The average of these energy crises has seen the commodity in question rise 2.3x in price, while energy crises co-occur most often with energy rationing; followed by rising inflation, economic deterioration, stock market declines, increasing energy efficiency measures and even changes in patterns of human migration and geopolitical conflicts.

Copyright: Thunder Said Energy, 2019-2023.