Now the International Energy Agency (IEA) has proposed similar measures to lessen the oil shock following the Russian invasion of Ukraine and embargoes on Russian crude.
IEA said Western economies could reduce daily oil demand by 2.7 million barrels within four months by restricting how people drive, indicating the move to reduce highway speed could almost offset the 3 million barrel-a-day loss of Russian production for April.
The IEA has unveiled a ten-point action plan it hopes Western countries will implement to curtail oil demand.
Reduce speed limits on highways by at least 10 km/h
Impact*: Saves around 290 kb/d of oil use from cars, and an additional 140 kb/d from trucks
Work from home up to three days a week where possible
Impact: One day a week saves around 170 kb/d; three days saves around 500 kb/d
Car-free Sundays in cities
Impact: Every Sunday saves around 380 kb/d; one Sunday a month saves 95 kb/d
Make the use of public transport cheaper and incentivise micromobility, walking and cycling
Impact: Saves around 330 kb/d
Alternate private car access to roads in large cities
Impact: Saves around 210 kb/d
Increase car sharing and adopt practices to reduce fuel use
Impact: Saves around 470 kb/d
Promote efficient driving for freight trucks and delivery of goods
Impact: Saves around 320 kb/d
Using high-speed and night trains instead of planes where possible
Impact: Saves around 40 kb/d
Avoid business air travel where alternative options exist
Impact: Saves around 260 kb/d
Reinforce the adoption of electric and more efficient vehicles
Impact: Saves around 100 kb/d
www.zerohedge.com
IEA said Western economies could reduce daily oil demand by 2.7 million barrels within four months by restricting how people drive, indicating the move to reduce highway speed could almost offset the 3 million barrel-a-day loss of Russian production for April.
The IEA has unveiled a ten-point action plan it hopes Western countries will implement to curtail oil demand.
Reduce speed limits on highways by at least 10 km/h
Impact*: Saves around 290 kb/d of oil use from cars, and an additional 140 kb/d from trucks
Work from home up to three days a week where possible
Impact: One day a week saves around 170 kb/d; three days saves around 500 kb/d
Car-free Sundays in cities
Impact: Every Sunday saves around 380 kb/d; one Sunday a month saves 95 kb/d
Make the use of public transport cheaper and incentivise micromobility, walking and cycling
Impact: Saves around 330 kb/d
Alternate private car access to roads in large cities
Impact: Saves around 210 kb/d
Increase car sharing and adopt practices to reduce fuel use
Impact: Saves around 470 kb/d
Promote efficient driving for freight trucks and delivery of goods
Impact: Saves around 320 kb/d
Using high-speed and night trains instead of planes where possible
Impact: Saves around 40 kb/d
Avoid business air travel where alternative options exist
Impact: Saves around 260 kb/d
Reinforce the adoption of electric and more efficient vehicles
Impact: Saves around 100 kb/d
Zerohedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
