oil shortage
Crude supply crisis
An oil shortage occurs when petroleum supply fails to meet demand, whether from production limits, political disruption, or infrastructure failure.
The term evokes the 1970s energy crises, when OPEC embargoes caused gas lines and rationing: The oil shortage forced people to carpool.
Shortages drive up prices and reshape policy debates about energy independence.
- gasolineRefined petroleum vehicle fuel
- gas stationRetail fuel vendor
- fuelEnergy source material
- crisisDecisive dangerous moment
- embargoOfficial prohibition on trade
energy crisis · rationing · OPEC · scarcity · petroleum · prices · pumps · lines · panic · running on empty · fuel economy · reserves · strategic reserve · barrel · crude · fossil fuel · energy · drought
- shortages
- Energy Crisisfuel crisis, power outage, rolling blackout, oil embargo, energy rationing
- oil tradeoil trade, petroleum, barrels, oil imports, oil exports