Book Description

During 2004, oil prices reached levels unprecedented in recent years. Although world oil markets remain adequately supplied, high oil prices reflect increasingly uncertain conditions, and many countries are considering ways to improve capacity to handle market volatility and possible supply disruptions in the future. In light of these concerns, this publication sets out a new quantitative assessment of the potential oil savings and costs of rapid oil demand restraint measures for transport, useful for both large-scale disruptions, and for smaller, localised supply disruptions in individual countries. It examines potential approaches for rapid uptake of measures such as telecommuting, ecodriving, and car-pooling; as well as discussing methodologies for adapting policy measures to national circumstances.