Day 2 Emergency Response Policy - International Energy Agency
Day 2 Emergency Response Policy - International Energy Agency
Day 2 Emergency Response Policy - International Energy Agency
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Impetus to Establish the IEA<br />
1973/74 oil crisis<br />
•Avoid competition for limited supplies<br />
• “Go-it-alone”, uncoordinated policy ineffective<br />
•Coordinated action<br />
• Mechanism for response<br />
•Safety net<br />
• <strong>Emergency</strong> reserves ≥90 days of net oil imports<br />
• Demand restraint measures<br />
3<br />
© OECD/IEA 2013
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