Energy Crisis: A period characterized by tight energy supplies, high prices, or disruptions in energy sources such as during an oil embargo.
1973 Oil Crisis: This specific event occurred when OPEC members imposed an embargo on Western nations supporting Israel during the Yom Kippur War. It caused widespread economic instability due to soaring oil prices and shortages.
Energy Independence: The ability of a country to produce enough energy domestically, reducing reliance on foreign oil and minimizing vulnerability to geopolitical events like embargoes.