user industries, stressing that “the issues that face our industry are too important for us to tackle in isolation, and the challenges and opportunities that confront our companies are too large to consider taking them on single-handedly.” Jum'ah explained that as the world is in the midst of a historic shift in global power and a “March to Modernity” taking place across several regions of the world, national oil companies “collectively occupy a prime position … at the very epicenter of world energy.” “As our planet's population continues to grow and men and women in the developing world enjoy ever-higher standards of living, global energy demand is set for a sustained increase … and despite projected growth in alternative sources of energy, for the foreseeable future it is fossil fuels that will continue to meet the lion's share of global demand,” he said. --MORE
