IEA Outlines 10 Actions to Ease Oil Shock Impact


   
   HOUSTON, TX (DTN) --The International Energy Agency on Monday (3/23) set out 
a range of demand-side actions that governments, businesses and households can 
take to alleviate the economic impacts on consumers of the disruptions to oil 
markets stemming from the war in the Middle East. These are the actions the IEA 
recommends to reduce demand: 

   1. Work from home where possible
Displaces oil use from commuting, particularly where jobs are suitable for 
remote work.

   2. Reduce highway speed limits by at least 10 km/h
Lower speeds reduce fuel use for passenger cars, vans and trucks.

   3. Encourage public transport
A shift from private cars to buses and trains can quickly reduce oil demand.

   4. Alternate private car access to roads in large cities on different days
Number-plate rotation schemes can reduce congestion and fuel-intensive driving.

   5. Increase car sharing and adopt efficient driving practices
Higher car occupancy and eco-driving can lower fuel consumption quickly.

   6. Efficient driving for road commercial vehicles and delivery of goods
Better driving practices, vehicle maintenance and load optimisation can cut 
diesel use.

   7. Divert LPG use from transport
Shifting bi-fuel and converted vehicles from LPG to gasoline can preserve LPG 
for cooking and other essential needs.

   8. Avoid air travel where alternative options exist
Reducing business flights can quickly ease pressure on jet fuel markets.

   9. Where possible, switch to other modern cooking solutions
Encouraging electric cooking and other modern options can reduce reliance on 
LPG.

   10. Leverage flexibility with petrochemical feedstocks and implement 
short-term efficiency and maintenance measures
Industry can help free up LPG for essential uses while reducing oil consumption 
through quick operational improvements.




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