Koya

The International Energy Agency is this morning suggesting people should work from home, avoid air travel and drive at lower speeds to help tackle impending oil shortages The International Energy Agency (IEA) has issued a list of “demand side measures” that governments, businesses and households could take to alleviate the impact of soaring oil prices and disruption to supplies It has also recommended that ministers could reduce road speed limits, reduce car access to designated zones in large cities and give vehicles with odd-numbered plates access on different weekdays to those with even-numbered plates. Fatih Birol, the IEA executive director, said: “The war in the Middle East is creating a major energy crisis, including the largest supply disruption in the history of the global oil market. In the absence of a swift resolution, the impacts on energy markets and economies are set to become more and more severe.” The report also recommended that travellers “avoid air travel where alternative options exist” and switch from private cars to public transport

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JUST IN: 🇺🇸 US Energy Secretary says there are "no guarantees" oil prices will drop anytime soon, NYT reports.