The IEA and NOT the EU is the correct body to allocate scarce energy resources.

The EU is corrupt. The EU is inefficient. The EU Commission, Parliament and other connected bodies are not trusted by the citizens of Europe as they are seen to be self-serving. The Lisbon Treaty provisions lack diplomatic legitimacy.

The call by the EU for energy ministers from its member states to attend a meeting designed to produce an EU response to the likely consequences of a halt to oil and gas flows through the Straits of Hormuz following the movement of Saudi Arabian trrops into Bahrain yesterday combined with the explosions at the Japanese nuclear power plants, should be rejected by the British Government.

An organisation, in existence since 1974, with worldwide membership from 28 major energy consuming nations has experience of energy allocation in times of crisis, the expertise to handle such a project AND the  potential of being trustworthy to fulfill such a delicate task, where the prospects for manipulation and massive self-enrichment are self-evident.

IEA Home Page is here, IEA Member Countries are listed here. IEA and Energy Security here.