Buy less gas, begs oil exec

Here’s a head-scratcher: The oil industry wants you to buy less gasoline.

Carol Montreuil, vice-president of the Canadian Petroleum Products Institute, said his industry is going through a demand crunch, and needs time to pay for the pipelines and refineries needed to transport and refine gasoline.
So if governments cut speed limits – every one km/h over 100 increases consumption by one per cent – made buildings more energy efficient and encouraged people to buy hybrids, the industry would actually approve, Montreuil said.

“The demand worldwide is going through the roof, so this is why it’s not contradictory to say that more control on the demand side would help everyone,” said Montreuil at an Atlantic Institute for Market Studies breakfast.

The Daily News