energy crisis

energy crisis (plural energy crises)

1. An economic problem caused by a dwindling supply of energy, at an increasing price.
   • 1977 April 18, Jimmy Carter, President's Address to the Nation on Proposed National Energy Policy:

     Tonight I want to have an unpleasant talk with you about a problem unprecedented in our history. With the exception of preventing war, this is the greatest challenge our country will face during our lifetimes. The energy crisis has not yet overwhelmed us, but it will if we do not act quickly.