Date:03/05/2005 URL: http://www.thehindubusinessline.com/2005/05/03/stories/2005050300071100.htm

Back IEA book on oil saving methods

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MUMBAI: There are a number of methods available which, at relatively low implementation cost, could together save upwards of one million barrels per day of oil, if implemented aggressively.

Along with supply-side measures, (such as usage of strategic oil stocks), demand or consumption management may help countries to cope with supply disruptions and to avoid physical shortages and associated price spikes, according to `Saving Oil in a Hurry', a book released recently by International Energy Agency.

Recognising that transport demand response is an important aspect in dealing with supply disruptions apart from oil supply management, the book suggests creation of viable alternatives to very inefficient single-occupant vehicle driving like promotion of `eco-driving' and telecommuting.

The book analyses the effect of recommendations such as car pooling, driving ban, compressed workweek and imposition of speed limits from the point of view of implementation cost-effectiveness, potential oil saving and other potential impact including societal costs.