Oil supply disruptions and the role of the International Energy Agency

Technical Report · Tue May 01 04:00:00 EDT 1984

OSTI ID:6432037

Bohi, D R; Toman, M A

The mutual gains from international cooperation in responding to an oil supply disruption are substantial, and the IEA has an important part to play in reaping these gains. However, both the thrust of the current IEA Agreement and ambiguities concerning key provisions limit its capacity to attain successful cooperation. To better achieve this goal, the primary focus of the Agreement should be shifted from targeted embargoes and burden-sharing to coordinated, market-oriented responses involving import demand restraint and stockpiling. The paper also emphasizes the role of the IEA in promoting an environment conductive to cooperation through harmonizing members' interests and expectations. 16 references, 2 tables.

• Research Organization: Resources for the Future, Inc., Washington, DC (USA)
• DOE Contract Number: AC01-80PE70267
• OSTI ID: 6432037
• Report Number(s): DOE/PE/70267-T7; ON: DE85001580
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
021000 -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
AGREEMENTS
COOPERATION
ENERGY SOURCES
FOSSIL FUELS
FUELS
INTERNATIONAL AGREEMENTS
INTERNATIONAL COOPERATION
INTERNATIONAL ENERGY AGENCY
INTERNATIONAL ORGANIZATIONS
MARKET
PETROLEUM
SUPPLY DISRUPTION