economy
WFH, drive slowly, and cut air travel to counter oil disruptions: IEA
The International Energy Agency encouraged people to work from home, fly less, and drive more slowly to lower overall oil and gas demand to cope with the energy market disruptions from the war in Iran.
TL;DR
- IEA recommends working from home, reducing flying, and driving slower to decrease oil and gas demand.
- These demand-side measures aim to stabilize energy markets affected by disruptions from the war in Iran.
- Suggestions include working from home (3+ days/week) to reduce car oil consumption by 2%-6%, lowering speed limits by 10 km/h to save 5%-10% on fuel.
- Other recommendations involve increasing public transport, car sharing, eco-driving, diverting LPG from transport, avoiding air travel, switching to modern cooking solutions, and prioritizing oil feedstock processing.
- The IEA aims to shelter countries from oil shocks and address the growing affordability crisis.