Work from home, drive less, save energy: IEA advises<\/figcaption><\/figure>\n<\/div>\nRising oil prices are hitting wallets everywhere, from the fuel pump to grocery bills. While tensions between countries have slowed global oil production, technology may soon provide some relief, according to the International Energy Agency (IEA). By becoming smarter with technology and efficient solutions, people can help reduce the pressure on our energy resources.<\/p>\n
The IEA has identified a number of technology-related measures to cut oil consumption. For example, remote work and technology can help curb road and air travel, while smart heating, cooling and electric cooking appliances can help cut gas consumption.<\/p>\n
Companies can also use AI technology to optimize their logistics and cut fuel consumption.<\/p>\n
\u201cAddressing demand is an important and urgent tool to ease pressure on consumers,\u201d the IEA said, adding that technology adoption could make a big difference if supply disruptions persist.<\/p>\n
Crude oil prices have risen more than 40% since February 28, when the US-Iran war began, and have now reached their highest level since 2022. The Strait of Hormuz serves as a vital shipping route that transports approximately 20% of oil used worldwide, and its disruption has caused severe disruptions to oil supplies.<\/p>\n
The IEA has approved the largest strategic petroleum reserve release in its history, allowing governments to use their emergency oil supplies.<\/p>\n
Specifically, the company recommends that organizations should implement technology solutions that include remote work, carpooling applications, public transit tracking systems, and electric cooking technologies as these solutions provide faster results than waiting for production recovery after disruptions.<\/p>\n<\/p><\/div>\n