from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. An economic problem caused by a dwindling supply of energy, at an increasing price
Sorry, no etymologies found.
Bangkok—Set up in Dec. 1972, just before the energy crisis and its disastrous consequences on the synthetic textiles industry, the French-Thai enterprise “Thai Polyester Fiber Co. Ltd” the most modern polyester factory in Southeast Asia, faced serious problems of production, financing, and outlets, Added to these difficulties were acute differences of opinion between the partners.
After Solectron’s faltering beginning as a maker of solar energy products during the energy crisis in the 1970s, its leaders sensed opportunity in the electronics boom in Silicon Valley.