The physical causes leading to the occurrence of drought and flood disasters are mainly due to the anomaly of water and heat budget and circulation resulting from the abnormal energy transport in the atmosphere and on earth. Taking the data of water and heat in the years with summer flood and drought, the latent heat energy and sensible heat energy in the whole atmosphere column over Yangtze-Huaihe area and in each of the ten atmosphere layers in the column from the ground to 150 hPa are calculated. The features of the temporal and spatial distribution of the energy, its transport and convergence (divergence) are analyzed and compared. Thus the causes of disaster formation are explored.