Oil Movements

With oil over $97 today, I thought this graphic from FT was apropos:

The rising oil price, which flirted with $100 a barrel this week, risks pushing the global economy, already threatened by the credit squeeze, into a deep and prolonged slowdown. Our map examines the world’s largest oil producers, consumers, and how oil flows around the world

Oil_movement

Source:
Oil: Producers & Consumers
http://media.ft.com/cms/19d4f43e-a1a5-11dc-a13b-0000779fd2ac.swf

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What's been said:

Discussions found on the web:
  1. justin commented on Dec 27

    I thought that most of Alaska’s oil went to Japan, because of the lower transport cost?

  2. Eric Davis commented on Dec 28

    prolly japan and California, certainly transport costs are a huge factor on the direction of the flow.

    Funny, I’m from the west and we get tons of natural gas, and we paid(tax money) for a pipe to connect us to the Midwest, so that we wouldn’t have such an oversupply and our prices would go up…

    I love the free market.. Somehow my taxes go to screwing me…. I certainly get why people want smaller government, but it would just give more opportunity for big business to ass fuck me.(wonder if that will get through the spam…gam$bling didn’t)

    I could have sworn you posted this days ago… hmm maybe it was elsewhere, like the FT :)

  3. Beca commented on Dec 28

    The numbers besides the arrows in the “Oil Movements” graph look a bit messed up. eg. It shows 2,708 on the arrow between Saudia Arabia and the U.S., the but table below only shows 2,708 coming from “S & Cent America”

  4. Ryan Lanham commented on Dec 28

    You financial guys keep talking about slowdown rather than transformation…I enjoy your optimism for life as usual…what’s coming, dude, is much bigger and less consumption-oriented than “slowdown.”

  5. Old Ari commented on Dec 28

    Justin.
    That piece in the top left of Canada is Alaska. It’s oil isn’t going anywhere seemingly.

  6. kd commented on Dec 28

    way to link directly to the .swf we don’t want to see their crappy site! Rock on BP!

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