Flows & Currents
T H E Q U A R T E R L Y M A G A Z I N E O F A E G E A N
A New Global Brand
Rightly so, consumers around the world are deeply
concerned about the financial crisis that is destabilizing
markets globally and creating a sense of uncertainty at al-
most every level of society. In parallel with a global credit
crunch and a severe testing of the banking industry, en-
ergy worries continue to concern policy makers, industry,
business owners, and everyday citizens.
In addition to the radical swings we have witnessed
over the last several months in the price of oil—rapidly increasing to 147 dollars
a barrel before receding just as quickly to less than 50 dollars—the public is con-
cerned about diverse sources of energy, stable supplies of energy, and the effect our
energy consumption has on the environment.
Coupled with these serious concerns is the sudden increase of commodity prices
that can have devastating effects on developing economies. Add in the abrupt de-
preciation of the Euro against the U.S. dollar, complex political developments, and
the current climate is indeed one that is the most challenging of our generation.
Aegean has long held that stability in markets, whether they be energy markets, fi-
nancial markets, or commodities markets, is the cornerstone to responsible growth.
If healthy global trade is to continue to benefit the world’s citizens then growth
must be based on systems and policies that ensure responsibility and accountabil-
ity. Free markets are the foundation for democratic societies, research and innova-
tion, and solutions to our most pressing needs. It is up to all of us to ensure that
our markets operate with transparency, with the correct regulatory mechanisms in
place, and with stability of prices. In this way, energy will be a secure and