Energy Security Homework Help

Introduction

In the turn of the last two decades of the 20^th century, the issue of energy crisis proved to be an actual reality than a theoretical one on several counts. According to Fattouh, the underpinnings of energy crisis came and do come about as a result of several factors which are divulged upon, hereunder.

To Horsnell (2000), energy crisis can also be a culmination of technical failure in the oil manufacturing and oil supplying plants and facilities, with the examples being issued being Nigeria and Venezuela. At the same time, Horsnell (Ibid) believes that bad weather is also to blame for energy crisis; as hurricanes and heavy storms have always been seen to curtail the operations of the oil and energy plants. Both intra organisational (such as industrial strikes) and inter-organisational problems such as change of political regimes or governments are also seen as having the power to disrupt steady oil supply.

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