Oil Supply Security: Emergency Response of IEA Countries 2007

Oil Supply Security: Emergency Response of IEA Countries 2007 You do not have access to this content

International Energy Agency

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04 Dec 2007
9789264040045 (PDF) ;9789264040038(print)

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When Hurricane Katrina hit the Gulf of Mexico in 2005, the region’s oil production and refining infrastructure was devastated and world energy markets were disrupted. The International Energy Agency decided in a matter of days to bring 60 million barrels of additional oil to the market. The  emergency response system worked – the collective action helped to stabilise global markets. This book describes the oil emergency response systems of IEA countries and assesses how well prepared the IEA is to deal with an oil supply disruption.

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Table of Contents

Executive Summary
Chapter 1. Setting the Scene
-Establishment of the IEA
-Evolving Market Conditions
-Major Oil Supply Disruptions
-Oil Market Supply Constraints
-IEA Emergency Response Measures
--Production Surge
--Demand Restraint
--Fuel Switching
-Being Prepared is Key
-Considerations for the Future
Chapter 2. Emergency Response Systems in IEA Countries
-Decision-Making Structure
-Stockholding Requirements
-Stockholding Systems of Member Countries
-Other Response Measures
-Concluding Remarks
Chapter 3. Emergency Response Systems of Individual IEA Countries
-Czech Republic
-Republic of Korea
-New Zealand
-Slovak Republic
-United Kingdom
-United States of America
Chapter 4. ASEAN, China and India
-People's Republic of China
Annex 1. Definitions and Methodology
Annex II. Summary of European Union Legislation Concerning Crisis Measures and Oil Stocks
Annex III. Legal Basis for Emergency Response Organisations, Stockholding, and the Implementation of Stockdraw and Other Emergency Measures
Annex IV. Developments in IEA Emergency Mechanisms, 1974-2007
Annex V. List of Acronyms
Regional Oil Infrastructure Map of North America
Regional Oil Infrastructure Map of Europe

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