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https://cleantechnica.com/2022/03/21/iea-10-point-plan-to-cut-demand-for-oil-by-2-7-million-barrels-a-day/>
"The International Energy Agency foresees an energy crunch ahead. Normally,
people travel more in the summer when the weather is favorable and a nice, long
vacation is on the minds of many. But oil supplies will be under pressure this
year as the criminal Russian invasion of Ukraine disrupts the oil industry
worldwide, causing the price of gasoline, jet fuel, and other energy products
to rise.
The IEA has an answer — demand restraint. Simply put, lowering the demand for
gasoline, diesel, jet fuel, and heating oil will help balance out the cuts in
supply created by bans on Russian oil exports. When demand exceeds supply,
prices rise. If demand and supply are in balance, prices remain stable. If
demand is less than supply, prices fall. It’s simple, basic economics."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
