cross-posted from: https://lemmy.world/post/44153801
Denmark’s energy minister called on citizens to reduce their energy use amid the ongoing Middle East conflict.
Oil prices jumped to over $100 a barrel on Thursday, raising fears of rising inflation.
“If it is not strictly necessary to drive the car, then don’t do it,” the minister stressed to Danish citizens.
We’re like 2 days in and they’re already going into their reserves which aren’t large enough for supply to be constrained for very long.
Are these, like, strategic reserves for the purposes of national security? I honestly know nothing about how this sort of thing should function, but I feel like if a nation is drawing down their reserves, they should implement a rationing system. Or else set a high price for the use of their reserves so that consumers will search for other options
Prices are also going up but its more to prevent economic stalling, which I suppose can be considered national security. High oil prices causes across board inflation. I’m sure the armed forces have a separate reserve.
Rationing is a more extreme measure.