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Title: Spain to lower speed limit as oil prices rise
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Spain to lower speed limit as oil prices rise | Environment | guardian.co.uk: "Spain will lower motorway speed limits, cut train ticket...
Spain to lower speed limit as oil prices rise | Environment | guardian.co.uk: "Spain will lower motorway speed limits, cut train ticket prices and use more biofuel under an emergency energy-saving initiative because of soaring oil prices brought on by unrest in Libya, an official said Friday.

The Libya crisis has sharply reduced exports from the oil-rich nation, and about 13% of the oil Spain consumes comes from Libya.

Deputy prime minister, Alfredo Pérez Rubalcaba, said Spain's energy supply is not in danger, despite shutdowns by oil companies operating in Libya, but the national energy bill will rise significantly because of the sharply higher petroleum prices.

He said a €10 per barrel (£8.50 per barrel) increase in oil prices will cost Spain an extra €500m (£425m) per month"

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