The International Energy Agency has called on governments to urgently implement measures to cut oil supply to domestic consumers.
Give up your car and start walking. That’s an order. The International Energy Agency on Friday directed global governments to urgently cut oil supply to domestic consumers and encourage compliance with its call for lowered consumption.
The IEA 10-point plan to drive “changes in the behaviour of consumers” and reduce gas demand at the pump includes reducing speed limits, working from home three days a week, more electric cars, car-free Sundays, more cycle lanes, cheaper public transport and greater use of long-distance trains over planes.
The IEA also called on the OPEC+ group of oil-producing nations led by Saudi Arabia and Russia to help “relieve the strain” on markets, while warning that the world faced the biggest shock to supply “in decades.” The outbreak of war in Ukraine has already led to major economies, such as the United States and Canada, sanctioning Russia by banning imports of oil as prices soar accordingly.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Energy agency: Reduce speed limits, ban driving on Sundays to save oilThe energy agency says the world could quickly reduce global oil demand by 2.7 million barrels a day by cutting down on car and plane travel
Read more »
As gas prices rise, small business owners slam Biden’s ‘shortsighted’ energy policies: 'Out of touch'FIRST ON FOX: The pressure that the pandemic put on small business, coupled with the historic inflation and spiking gas prices as the Russia-Ukraine war wages and relative inaction by the Biden administration, is creating a rapidly deteriorating situation for small business owners and operators.
Read more »
Hydropower eyes bigger energy role, less environmental harmEight locks and dams in southwestern Pennsylvania that for decades helped barges move goods along the Allegheny, Monongahela and Ohio rivers could in a few years also generate enough hydropower for 75,000 homes.
Read more »
3 reasons Alaska’s oil can’t replace Russian imports, according to energy expertsAlaska’s elected leaders say we should produce more oil on the North Slope to make up for the ban on importing Russian crude. But energy experts say it’s not so simple.
Read more »
Aarushi Verma: Time to challenge Utah’s old-school energy planUtah's energy plan is stuck in a romance with fossil fuels, writes Aarushi Verma, a youth climate organizer and a quantitative economics major at the University of Utah. 'Fortunately, it’s not yet a done deal.'
Read more »
Opinion | After the Ukraine Invasion: Sobering New Global Energy-Economic-Political TerrainAs the people of Ukraine suffer—world leaders, transfixed by geopolitics—seem even further away from collective recognition of what will be required to avert societal collapse.
Read more »