Sunday, March 27, 2022

2.7 Million Barrels a Day

Before it slips away, forgotten, here's a study for the permanent files from the International Energy Agency, summarized here on Bloomberg and in full here.

It's called A 10-Point Plan to Cut Oil Use, and as it sounds like, it provides 10 steps (which have been implemented successfully in the past) to conserve oil. If they were put into use now, the IEA estimates, they would save 2.7 million barrels of oil a day within four months.

The report was put out in the context of Russia's attack on Ukraine, and therefore decreasing demand for oil (some of which is Russian). But obviously, most of these are perfectly good permanent changes to make to begin dealing with the climate crisis.

The IEA made their recommendations into this handy graphic (click to enlarge):

And they ranked those recommendations:

Notice how far down the list electric vehicle adoption falls, compared to the top five. 


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