The IEA Oil-Sharing Plan: Who Shares with Whom?

David R. Henderson

The Energy Journal, 1987, vol. 8, issue 4, 23-32

Abstract: The United States and twenty other countries are all members of the International Energy Agency (TEA). The members' have an agreement which requires' them to share their oil with each other if the oil supplies to the members fall substantially. Both the formula for allocating oil among members and the size of the reduction in oil supplies that triggers the sharing formula are predetermined.

Keywords: IEA; Oil sharing; Oil supply; Oil imports (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:sae:enejou:v:8:y:1987:i:4:p:23-32

DOI: 10.5547/ISSN0195-6574-EJ-Vol8-No4-3

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