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Oil Supply Disruptions and the Role of the International Energy Agency

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  • Douglas R. Bohi
  • Michael A. Toman

Abstract

This paper examines key crisis management provisions of the IEA Agreement in relation to the interests of member countries in energy security cooperation' and considers ways these interests might be further served by altering the agreement. Two observations underlie both the motivation and thrust of this investigation. The first is that the potential benefits to members of energy security cooperation are likely to be substantial.' Thus, it may be assumed that TEA members have an incentive to find methods inside or outside the agreement for reaping at least part of these gains. Given these incentives, it is important to consider how potential gains from cooperation can be achieved in practice.

Suggested Citation

  • Douglas R. Bohi & Michael A. Toman, 1986. "Oil Supply Disruptions and the Role of the International Energy Agency," The Energy Journal, , vol. 7(2), pages 37-50, April.
    • Handle: RePEc:sae:enejou:v:7:y:1986:i:2:p:37-50
    DOI: 10.5547/ISSN0195-6574-EJ-Vol7-No2-3
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    References listed on IDEAS

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    1. Carlisle Ford Runge, 1981. "Common Property Externalities: Isolation, Assurance, and Resource Depletion in a Traditional Grazing Context," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(4), pages 595-606.
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    Cited by:

    1. Youngho Chang & Ridwan D. Rusli & Jackson The, 2024. "German Energy Transition and Energy Security," DEM Discussion Paper Series 24-09, Department of Economics at the University of Luxembourg.

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    More about this item

    Keywords

    Energy security; Oil supply shocks; IEA; Cooperation;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General

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