Question remains: Can international oil sharing work?

03/10/2003
International management of strategically hoarded oil has always been a tenuous proposition.If the system is to work, governments must yield individual interests to group goals in times of oil-supply crisis. During an emergency, the government of a country holding oil in strategic storage and needing it might be compelled to share with other countries, some with no oil hoards of their own.The sharing obligation is central to the International Energy Agency's emergency program.The group's oil-importing members must hold oil in state-controlled inventory, now totaling 1.3 billion bbl with the US accounting for nearly half. And all 26 members must share oil in a supply emergency.Can ...
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