Special Topic – Global Oil Crisis & India’s Energy Security
This page explains the global oil crisis, its causes and its impact on India.
Introduction
Oil is one of the most important energy resources in the world. Geopolitical tensions, especially in the Middle East, can disrupt oil supply and create a global crisis.
Causes of Oil Crisis
- USA–Iran tensions
- Wars and political instability
- Production control by OPEC countries
Global Impact
- Rise in oil prices
- Increase in inflation
- Global economic instability
Importance for India
- India depends heavily on oil imports
- Higher prices affect economy
- Need for strong energy security policies
MCQs
Q1. What is the main cause of global oil crisis?
A) Education
B) Geopolitics
C) Health
D) Sports
Answer: B
Q2. Why is India affected by oil crisis?
A) Agriculture
B) Import dependency
C) Sports
D) Education
Answer: B
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