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	We estimate that reducing fuel subsidies by 80 percent globally (largely in the Middle East, Venezuela, and Mexico) would reduce global demand for road-transportation fuel by 5 percent by 2020—the equivalent of shaving 2.5 million barrels per day off overall fuel demand, or close to 5 QBTU. These savings can be used to support lowest income segments—rather than encouraging over-consumption in inefficient cars by those who can afford them.