Today, 50 years on from the oil shock that led to the founding of the International Energy Agency (IEA), the world once again faces a moment of high geopolitical tensions and uncertainty for the energy sector. There are parallels between then and now, with oil supplies in focus amid a crisis in the Middle East – but there are also key differences: the global energy system has changed considerably since the early 1970s and further changes are taking place rapidly before our eyes. One thing that hasn’t changed since the 1970s is the IEA’s commitment to its core mission of safeguarding energy security. As we have ... (full story)