IEA suggestion for easing Russian oil shock: Restrict people’s car usage

The International Energy Agency said the world could lessen an oil shortage caused by Russia’s invasion of Ukraine by restricting how people use their cars and accelerating the transformation of cities dominated by the automobile.

“We are experiencing a major crisis,” IEA Executive Director Fatih Birol said at a press conference on Friday. “Oil markets are in an emergency situation. And not only that — it may even get worse than today in the next few months.”