The Center on Global Energy Policy hosted a discussion with Adam Sieminski, Administrator, U.S. Energy Information Administration (EIA), on the EIA's latest assessment of long-term global petroleum and other liquid fuels markets in the International Energy Outlook 2014 (IEO2014). World markets for petroleum and other liquid fuels have entered a period of dynamic changein both supply and demand. The changes in the overall market environment have led EIA to reassess its outlook for long-term global liquid fuels markets. The IEO2014 report includes projections of regional liquid fuels consumption and production that extend to 2040. In addition to a business-as-usual Reference case, EIA includes alternative High and Low Oil price cases to examine a range of potential interactions of supply, demand, and prices in world liquids markets. Center Director Jason Bordoff moderated the discussion following the presentation.