From Adam Porter at BBC -- International Energy Agency Proposes Ban-Rationing-Enforced Quotas on Oil Consumption -- Measures Would Apply in US
Energy body wants brakes on fuel consumption
by Adam Porter in Perpignan, France
Thursday 24 March 2005 1:51 PM GMT
http://english.aljazeera.net/NR/exeres/655B03B0-32C2-4BF7-A3E8-F7EFD8144333.htmIn accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.
The International Energy Agency is to propose drastic cutbacks in car use to halt continuing oil-supply problems. Those cutbacks include anything from car-pooling to outright police-enforced driving bans for citizens.
Fuel "emergency supply disruptions and price shocks" - in other words, shortages - could be met by governments. Not only can governments save fuel by implementing some of the measures suggested, but in doing so they can also shortcut market economics.
Vehicular fuel accounts for a big
chunk of global oil consumption
An advance briefing of the report, titled Saving Oil in a Hurry: Measures for Rapid Demand Restraint in Transport, states this succinctly.
"Why should governments intervene to cut oil demand during a supply disruption or price surge? One obvious reason is to conserve fuel that might be in short supply.
"But perhaps more importantly, a rapid demand response (especially if coordinated across IEA countries) can send a strong market signal."
http://www.fromthewilderness.com/free/ww3/032505_world_stories.shtml#1Why would they be talking about rationing if there were no issues?
This output from a meeting in Paris March 6-8....not in US news.