DECRYPTION – Efforts focused on transportation could, according to the IEA, reduce 3% of global crude oil consumption.
In the 1970s, in the midst of the oil crisis, Valéry Giscard d’Estaing assured that “en France, we have no oil but we have ideas”. Comedian Raymond Devos proposed to “trade his two-horses for two oxen and celebrities considered converting to bicycles. On Friday, the International Energy Agency (IEA), which advises the governments of many countries, presented a series of equally basic actions, linked to transport and aimed above all at “advanced” economies.
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The IEA fears in the short term a decline in Russian oil deliveries of 2.5 million barrels per day or more. But ten measuresalready tested would save 2.7 million barrels per day by the summer, the agency calculates. This would represent nearly 3% of world oil consumption and not far from a third of the sales of Russia, the world’s largest exporter of crude. Most of these efforts are requested directly from consumers. The most effective, assures the IEA, would be to reduce the…
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