"Oil 'emergency': Work from home and drive slower, IEA says.
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 one-third of Russia's oil production due to sanctions leveled on Moscow.
Other steps in the emergency plan include increasing car sharing, using high-speed and night trains instead of planes, avoiding business air travel when possible and incentivizing walking, cycling and public transportation.
If fully implemented, the moves would lower world oil demand by 2.7 million barrels per day within four months -- equal to the oil consumed by all the cars in China, the IEA said. And the impact would be greater if emerging economies like India and China adopted them in part or in full.
However, the emergency steps would disrupt or even slow down a world economy that remains largely addicted to fossil fuels, especially for transportation. The IEA is suggesting the headaches would be better than the alternative.
"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 statement.
The proposals reflect a recognition that the world has few realistic options to quickly replace oil supplies from Russia, the world's No. 2 oil producer in 2021.
OPEC has signaled it's in no rush to ramp up production and the release of emergency oil stockpiles has done little to ease shortage fears.
"The US and other IEA countries now realize that the potential loss of Russia's oil exports constitutes a bigger supply shock than either strategic stock draws or accelerated OPEC+ production hikes can solve," said Bob McNally, president of consulting firm Rapidan Energy.
The Russia-Ukraine crisis has sent oil prices surging over the past month, driving up gasoline prices in the United States to record highs. Although oil prices have pulled back from their recent highs, oil soared back above $100 a barrel on Thursday on renewed concerns about the impact to Russian energy supplies." (CNN)
Well.
At the latest NOW it should be clear to everyone who can think halfway straight that this war has been started deliberately & intentionally to replace the crumbling "pandemic" hoax resp. to let it run on in the background.
Especially when you look at what an incomprehensible freak show the western governments have become in the meantime, with the USA as the unbeatable number one:
British reporters ROAST unstable Pelosi LIVE on air— the world is LITERALLY laughing at us pic.twitter.com/qoNaHrHuTm
— Benny (@bennyjohnson) March 17, 2022
"You don't believe in the virus anymore?! But THIS is what you're going to believe, right?!
And the Russians are to blame for everything!"
I found this clip on Twitter in the comments section of a Russian war reporter & one of the dead is supposed to be a high-ranking member of the Ukrainian Azov Battalion.
The 61-second-part is so perfect that it almost seems like a "Wag the dog"-like fake video to me - filmed in landscape format for once and just so that it's not gore yet but you can still see everything well, the calm camera work & the steady pans, the silence that's only disturbed by the barking mutt, the footsteps of the filmer & the quiet wind noises, the carefully composed scenery of corpses, wrecked trucks and damaged buildings...
a damn good job for someone just traipsing through there shortly after the fight.
The saddest part is actually the clothes lying around:
Someone packed them into the truck to be taken somewhere, maybe another one came by & said "Do it properly!", then got on and drove off & in this quiet village street suddenly the special effects came around the corner, the noise, the impacts & then nothing didn't matter anymore & everything was over.
Well, sacrifices have to be made for the big picture and the high goal & what are a few dead people and a few broken houses and some destroyed war equipment if you can finally bring this over-excited society under control and to reason - maybe.
The reactions to the "Clown World Today" tweet suggest that it will still be a long way to the "reason" of the masses.
— Clown World Today 🤡🌎 (@cwt_news) March 18, 2022
"That's just for us peasants again & the rich continue to live in luxury, dude!"
"The corporations should save energy before I do!"
If this isn't just a huge pile of chaos and there is actually such a thing as a rational thinking & cold calculating elite that has the big picture in mind - then I can understand why they despise the rabble and consider them cattle and have no problem slaughtering them in greater numbers.
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