VOL. XLVI

No 5

3-February-2003

GENERAL

When To Use Strategic Reserves: Reforming Multilateral Drawdown Policy

By Sarah Emerson

The following article provides ESAIs perspective on the current state of multilateral policy regarding the draw down of strategic reserves. The loss of Venezuelan exports and the potential loss of Iraqi exports could propel the global oil market into a supply crisis as significant as that experienced following the Iranian revolution in 1979 and the invasion of Kuwait in...