A Tale of Two Eras (1973–2014):World Energy Scene 40 Years after the Energy Crisis

The energy crisis of 1973 shocked the world from complacency about energy supply and price. The world has responded by significant improvement in energy efficiency and substitution of oil. Global warming concerns are further driving energy efficiency and the rise of renewables. This article looks at the energy scene in World and India before and after the energy crisis. Some observations are made based on available data for further action.