New developments in the energy sector are impacting organizations throughout the world. According to the US Energy Information Administration’s International Energy Outlook report, world markets for petroleum and other liquid fuels have entered a period of dynamic change — in both supply and demand. The potential for growth in demand for liquid fuels is focused on the emerging economies of China, India, and the Middle East, while liquid fuels demand in the United States, Europe and other regions with well-established oil markets seems to have peaked. These fluctuations, combined with recent tougher fuel regulations and new forms of alternative energy, are pushing energy industry leaders to strengthen their focus on the core business while diligently protecting the bottom line.
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