Saving Oil in a Hurry

Thursday, September 3, 2009, 4:35 PM
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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).


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