March 2012, Vol. 239 No. 3

In The News

Energy Executives Bullish On 2012 Outlook

Executives at U.S. middle market energy companies are bullish on their outlook for 2012. This optimism among executives is fueling growth, as 85% expect to seek financing this year, according to Mike Lorusso, Group Head of CIT Energy (cit.com/energy). These are some of the findings detailed in CIT’s latest research study, “2012 U.S. Energy Sector Outlook” (www.cit.com/energyoutlook). “Such spending should create significantly more jobs in 2012 throughout the U.S., especially in the Northeast and Great Plains regions, which are seeing high levels of industry investment.” With many companies looking to expand or refinance in 2012, the outlook for new

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