Insider

Saving Oil in a Hurry

Thursday, September 3, 2009, 4:35 PM
Enroll NowFor enrolled members only. Enroll or Sign in to read the full article.

What would happen if there was some sort of an oil emergency that required countries to rapidly cut down on their fuel use?  Clearly there would have to be some sort of a triage plan to allocate what oil was available.

There are a number of possible scenarios that could lead to a cessation of oil imports and/or distribution, ranging from hurricanes to wars in the mid-east.

This is worth thinking about, because the impact to your lifestyle could be large, depending on your circumstances.

Luckily, we have a pretty good 'lens' into the mindset of the official planners, because in 2005 the IEA completed a study where they assessed the types of policy responses that would save the most oil and at what cost (to implement; not to lower the impact on the economy or your lifestyle, obviously).

 

Enroll Now
Or Sign In with your enrolled account.
Endorsed Financial Adviser Endorsed Financial Adviser

Looking for a financial adviser who sees the world through a similar lens as we do? Free consultation available.

Learn More »
Read Our New Book "Prosper!"Read Our New Book

Prosper! is a "how to" guide for living well no matter what the future brings.

Learn More »

 

Related content

7 Comments on Saving Oil in a Hurry

Enroll now or Sign In to read all member comments.