IEA chief urges government action on demand

09/05/2005
Oil market conditions demonstrate the need for governments to push energy conservation, says Claude Mandil, executive director of the International Energy Agency.Noting that future oil production would come increasingly from Russia and the Middle East, Mandil told Oil & Gas Journal that the main problem is not the regions themselves but the shrinking number of suppliers overall.That, he said, is “not good for supply security.”Supply strains in the market now, he said, should alert governments to their roles in orienting consumer behavior toward energy efficiency.“Governments should not try to protect consumers from market signals,” he said. “Prices will c...
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