economy

Covid Tyranny 2.0: The IEA 10-Point Plan

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Covid Tyranny 2.0: The IEA 10-Point Plan

TL;DR

  • The International Energy Agency (IEA) has released a 10-point plan to address oil price shocks.
  • The plan, named “Sheltering from Oil Shocks,” urges governments to reduce global oil demand.
  • The target is to cut demand by approximately 2.7 million barrels per day within four months.
  • This proposal is a response to Brent crude nearing $120 per barrel and disruptions in the Strait of Hormuz.