IEA To Propose Drastic Cuts In Fuel Consumption

International Energy Agency to issue report, titled 'Saving Oil in a Hurry: Measures for Rapid Demand Restraint in Transport',which advocates 'tough love' approach to cutting petroleum use.

Published: 25-Mar-2005

The International Energy Agency is to propose drastic cutbacks in car use to halt continuing oil-supply problems. Those cutbacks include anything from car-pooling to outright police-enforced driving bans for citizens.

Fuel "emergency supply disruptions and price shocks" - in other words, shortages - could be met by governments. Not only can governments save fuel by implementing some of the measures suggested, but in doing so they can also shortcut market economics.

An advance briefing of the report, titled Saving Oil in a Hurry: Measures for Rapid Demand Restraint in Transport, states this succinctly.
 
"Why should governments intervene to cut oil demand during a supply disruption or price surge? One obvious reason is to conserve fuel that might be in short supply.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

The forecast consumption of coal, nuclear and renewables have been increased from earlier predictions, while petroleum and natural gas consumption are lower.

The United States accounts for 2,544 MW of total installed capacity and 1,914 MW of operation, and the difference is due to a lack of steam due to over-exploitation of the Geysers field in California.

February 28,2006 address to National Governor's Ethanol Coalition.

READER COMMENTS

blog comments powered by Disqus