Restructuring the IEA (International Energy Agency) Crisis-Management Program to Better Serve Member Country Interests: (Final Report)

摘要

Starting from the premise that securing the gains from international energy cooperation requires a milieu in which positive action will be taken, not just a narrow economic analysis of benefits and costs, this paper examines ways in which the crisis-management system of the International Energy Agency (IEA) could be strengthened to better serve members' self-interests. The benefits of stockpile coordination are found to be potentially substantial but difficult to achieve because of disparities in members' interests. A ''mixed'' agreement is recommended, with primary emphasis on stockpiling by the United States and demand restraint by other IEA countries. Such an approach, while theoretically inferior to stockpile coordination, is more compatible with members' interests and thus capable of achieving success. (ERA citation 12:024913)