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NSIAD-85-99 1 (1985-06-13)

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REPORT BY THE                                  RELEASED


Comptroller General


OF THE UNITED STATES




Status Of U.S. Participation

In The International Energy Agency's

Emergency Sharing System


As a central focus of their participation in the Inter-
national Energy Agency (lEA), the United States and 20
other nations agreed to establish measures to reduce
their oil demand, maintain emergency oil reserves, and
share oil in an emergency. In 1981 and 1983 GAO
reported certain problems with the workability of IEA's
emergency oil sharing and the effectiveness of U.S.
participation in it.
In its current review, GAO found that progress has been
made in addressing a number of reported problems; but
some problems and uncertainties continue or others have
arisen. lEA members are studying several of these im-
portant issues.

The lEA has been the centerpiece of U.S. efforts to
coordinate international energy policy with other industrial-
ized nations for more than a decade. Effective U.S.
participation in lEA is largely contingent upon the exten-
sion of authorities contained in the Energy Policy and
Conservation Act which expires June 30, 1985. GAO
believes that Congress should extend these authorities.



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   .                                                           GAO/NSIAD-85-99
                                                                 JUNE 13,1985

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