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The History of the International Energy Agency

Major Policies and Actions Volume 2

image of The History of the International Energy Agency

Volume II of the History of the International Energy Agency takes up the energy policies and actions of the Agency during its first twenty years, from 1974 to 1994 inclusive. While the weak institutional situation of the industrial countries in the 1973-1974 crisis period made it all but impossible for them to adopt decisive and effective responses, when the time for action came, the reasons for their vulnerability to the oil producer countries were perhaps less their underdeveloped institutions than their essentially optimistic and passive oil management policies during the years preceding the crisis. Other policy choices which might have prevented or softened the crisis were available to them, as Volume II shows.

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Introduction

International Energy Agency

Volume I of this History surveyed at some length the institutional origins of the International Energy Agency in the 1973-1974 oil crisis, and examined the 1974 I.E.P. Agreement and other oil consumer actions which established the Agency as an operational intergovernmental institution. Volume I also considered the most important IEA relationships, the internal structure of the Agency, and the institutional arrangements which enabled the Agency to develop over the years into an effective instrument for energy policy co-operation among its Members....

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