Looming oil crisis has energy watchdog begging people to drive less
With gas prices painfully high, there’s a new plea coming from the international agency established to secure the globe’s oil supply: drive less to avoid a deeper energy crunch. That was the key takeaway from a 10-point plan the International Energy Agency (IEA) released today as the world nears peak oil demand season.
“As a result of Russia’s appalling aggression against Ukraine, the world may well be facing its biggest oil supply shock in decades, with huge implications for our economies and societies,” IEA Executive Director Fatih Birol said in a press release. “We can also take action on demand to avoid the risk of a crippling oil crunch.”
If advanced economies —...