Spain moves quickly to reduce oil imports by 5%

The Times reports that Spain is reacting swiftly to events in Libya: Spain imports 75% of its energy (15% more than the European Union average) and 13% of its crude oil comes from Libya.

To reduce the country's dependence on oil imports, Spain's Government has reduced the speed limit from 120km/h to 110km/h, fares on local and middle-distance trains have been cut by 5% and the bulbs in street lamps will be replaced by energy-saving ones.

The Government says these measures will cut foreign oil imports by 5%.