IEA Head: The World Must Prepare to Address Energy Security Threats ...Middle East

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IEA Head: The World Must Prepare to Address Energy Security Threats
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Governments and policy makers must better anticipate and prepare for energy crises before they happen, drawing from past experience and increasing diversification of supply, predictability in policy, and international cooperation, Fatih Birol, Executive Director at the International Energy Agency (IEA), said on Thursday. Many tools to tackle energy security today have been developed after crises have hit in the past. Such was the case with the creation of the IEA itself following the Arab oil embargo in the 1970s and with the emergency stockpiles…

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