energy boom
Fossil fuel rush
An energy boom is a period of rapid growth in energy production, typically triggered by new technology, discoveries, or rising prices.
The term often refers to fossil fuel expansions—the shale energy boom transformed American oil and gas production—but applies to renewables too: The solar energy boom created thousands of jobs.
Like other economic booms, it implies both opportunity and potential volatility.
- oilSlippery viscous fluid
- shaleCompacted clay sediment
- frackingExtracting gas via pressure
- drillingHole-making by rotation
- oil rigOffshore petroleum extraction structure
barrel of oil · surge · prosperity · pipeline · natural gas · Texas · boomtown · gusher · wildcatter · strike it rich · fossil fuels · rush · extraction · petroleum · wealth · jobs · derrick · hydraulic
- commodity boomgold rush
energy boomeconomic contraction
Decline in monetary activity
recession · market crash · energy crash · depression · industry decline
energy boomenergy crisis
Severe fuel supply disruption
oil shortage · supply crisis · oil embargo · supply crunch · blackouts
energy, boom, energies, energetic, energetically, energize, energized, energizing, energizer