IEA Proposes 10-Point Plan To Cut Oil Use Amid Putin's Invasion of Ukraine
Headline Roundup March 20th, 2022
The International Energy Agency has proposed a 10-point plan to cut oil use amid the emerging global energy crisis "triggered by" Putin's invasion of Ukraine.
Most of the advised measures in the IEA's 10-point plan will "require changes in the behavior of consumers, supported by government measures." If fully implemented, the Paris-based organization estimates that "advanced economies" can reduce oil demand by 2.7 million barrels a day within the next four months. Some of the proposed actions to conserve oil include extending the number of work-at-home days, reducing speed limits, lowering public transportation fees and enforcing car-free Sundays in large cities. Fatih Birol, the IEA’s executive director, said that oil markets are facing an "emergency situation" during a virtual news conference on Friday morning. She also predicted that circumstances "may get worse" over the next few months if IEA member countries don't act soon.
Left-rated outlets were more likely to accentuate how the IEA said its 10-point plan also exists "to tackle climate change and reduce air pollution." The New York Times (Lean Left bias) promoted clean energy as "the ultimate solution to tackling global warming and reducing energy dependency on other countries." Some right-rated outlets angled the story as a demand from the IEA that asks citizens to "sacrifice" some of their routine habits. The opening line of the report from Breitbart (Right bias) read, "Give up your car and start walking. That’s an order."
The International Energy Agency has called for member countries to adopt “emergency measures” to cut oil demand in the wake of Russia’s invasion of Ukraine, including driving restrictions, lower speed limits and curbs on air travel.
Fatih Birol, head of the energy watchdog, on Friday warned that such steps might be necessary because “oil markets are in an emergency situation . . . and it may get worse”.
As much as 2.5mn barrels a day of Russian oil exports could cease from next month due to the impact of the war and consumer...
The International Energy Agency (IEA) released a 10-point plan Friday to reduce global reliance on fossil fuels amid an historic worldwide oil supply crunch.
The IEA’s plan laid out a series of “practical actions by governments and citizens in advanced economies” that could be taken to lower the global reliance on crude oil reserves from hostile regimes. Russia’s grip on the global energy marketplace — the nation is the world’s largest exporter of natural gas and second-largest exporter of crude oil and condensates, according to U.S. data — has come into focus after Russian President Vladimir...
Governments around the world must consider drastic steps to slash oil demand in the face of an emerging global energy crisis caused by Russia's invasion of Ukraine, the International Energy Agency warned on Friday.
The energy watchdog detailed a 10-point emergency plan that includes reducing speed limits on highways by at least 6 miles per hour, working from home up to three days a week where possible and car-free Sundays in cities.
The recommendations for advanced economies like the United States and European Union would aim to offset the feared loss of nearly...