In our view the Draft Report's recommendation that the government engage with the International Energy Agency (IEA) directly over oil security issues is sensible. We consider that the government will be able to do this more effectively if it gathers more information about willingness to pay and if it approaches the issues in a structured manner, using the framework for evaluating regulatory proposals in the Cabinet Manual.
Submission: Draft Report on Oil Security Prepared for the Ministry of Economic Development by Covec and Hale & Twomey Limited
1 December, 2004