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110531 1 (1979-10-03)

handle is hein.gao/gaobadyit0001 and id is 1 raw text is: 


           UNITED STATES GENERAL ACCOUNTING OFFICE
                    WASHINGTON, D.C. 20548
                                     FOR RELEASE ON DELIVERY
                                     Expected at 9:00 a.m.
                                     Wednesday, October 3, 1979
     110531
                         STATEMENT OF

                      J. KENNETH FASICK

               DIRECTOR, INTERNATIONAL DIVISION

                         BEFORE THE

           SUBCOMMITTEE ON ANTITRUST, MONOPOLY AND

                       BUSINESS RIGHTS

                           OF THE

                 SENATE JUDICIARY COMMIITTEE



                 u.S. PARTICIPATION IN THE
                 IN TERNATIONAL ENERGY AGENCY

t:r. Chairman and Members of the Subcommittee:

     We welcome the opportunity to discuss GAO's work concern-

ing U.S. involvement in the International Energy Agency (IEA),

and the relationship of the results of that work to the anti-

trust defense provided U.S. oil companies that participate

in the IEA.

      Curing the last 2 years, we issued seven reports that

dealt with various aspects of the International*Energy Agency

and the International Enercy Program and, in July, we started

another review which we expect to complete next spring. Before

discussing our current review, I would like to briefly touch

                     oo& 7/.9

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