"During 2004, oil prices reached levels unprecedented in recent years. Though world oil markets remain adequately supplied, high oil prices do reflect increasingly uncertain conditions. Many IEA member countries and non-member countries alike are looking for ways to improve their capability to...

Every five years, the International Energy Agency publishes an exhaustive report on its Member countries’ preparations to respond to major oil supply disruptions. This review, the first since 1996, finds strong legislative frameworks and administrative structures in each IEA country. Most...