GAO Products on International Energy Agency

RCED-93-217R: Published: Sep 17, 1993. Publicly Released: Oct 6, 1993.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO summarized its reviews of U.S. participation in the International Energy Agency (IEA). GAO found that: (1) in general, the United States has benefitted from participation in IEA and should continue to participate; (2) although IEA has tested its emergency oil-sharing system and resolved some problems, it is uncertain whether the system will function successfully in an oil shortage; (3) the United States will initially have to provide oil to participants in an emergency, since oil imports represent a small percentage of its oil supplies; (4) the United States has not developed a fair-sharing system to ensure that domestic and international oil producers share the burden of supplying oil in emergencies, since officials do not believe it is needed; (5) antitrust concerns and foreign barriers to information exchange could hamper the emergency system's function; (6) the United States relies primarily on market forces to restrain demand during oil shortages and drawdowns of the Strategic Petroleum Reserve; (7) several IEA members have not met the 90-day reserve requirement; (8) companies are reluctant to provide complete data to IEA information systems which impairs the emergency system's function; and (9) although IEA has established long-term conservation and research and development programs to reduce dependence on imported oil, the United States and several other IEA members have not met IEA goals.

Oct 19, 2017

Oct 12, 2017

Oct 4, 2017

Sep 28, 2017

Sep 19, 2017

Sep 13, 2017

Sep 7, 2017

  • international icon: Art Explosion

    Diplomatic Security:

    Key Oversight Issues
    GAO-17-681SP: Published: Sep 7, 2017. Publicly Released: Sep 7, 2017.

Sep 5, 2017

Aug 29, 2017

Looking for more? Browse all our products here