Oil crisis triggered by blockade of strait of Hormuz prompts emergency measures to protect supply and halt rising prices
Shrinking fuel stocks and soaring prices are leading countries around the world to burn coal, ration fuel, shorten work weeks and tell citizens to stay at home.
Fossil fuel supplies have reduced since the war against Iran led to the closure of the strait of Hormuz, a crucial shipping route for oil and seaborne gas. The shortfall has prompted emergency measures as government’s attempt to halt rising costs that have thrown economies into chaos.
The International Energy Agency (IEA), whose members sought to calm markets by releasing 400m barrels of oil from their strategic reserves last month, has called for actions such as flying less and driving slower.
These spaces should just be turned into housing, affordable, granted to young working people. Then they can work from home at the office and nobody has to lose any money. The way we work needs to change, it’s from the Stone Age at this point.
Mostly agree. They should be sold and converted to residential. I certainly wouldn’t live in a residence owned by my employer.
There’s a lot of issues with that, as my city found out. Converting an office space to code-compliant, safe housing is rather difficult, from the materials used to build the thing all the way to how it’s actually configured. You’re running new pipe, new electrical, probably having to actively gut the floor you’re working on to be compliant with housing codes and, more importantly, fire safety.
Yeah I’m not implying the employer should own it, just that the offices where people do work could become places where people live instead and then everyone skips commuting and housing prices go down with a huge inventory increase.