With oil over $97 today, I thought this graphic from FT was apropos:
The rising oil price, which flirted with $100 a barrel this week, risks pushing the global economy, already threatened by the credit squeeze, into a deep and prolonged slowdown. Our map examines the world’s largest oil producers, consumers, and how oil flows around the world
Source:
Oil: Producers & Consumers
http://media.ft.com/cms/19d4f43e-a1a5-11dc-a13b-0000779fd2ac.swf
I thought that most of Alaska’s oil went to Japan, because of the lower transport cost?
prolly japan and California, certainly transport costs are a huge factor on the direction of the flow.
Funny, I’m from the west and we get tons of natural gas, and we paid(tax money) for a pipe to connect us to the Midwest, so that we wouldn’t have such an oversupply and our prices would go up…
I love the free market.. Somehow my taxes go to screwing me…. I certainly get why people want smaller government, but it would just give more opportunity for big business to ass fuck me.(wonder if that will get through the spam…gam$bling didn’t)
I could have sworn you posted this days ago… hmm maybe it was elsewhere, like the FT :)
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”
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.”
Justin.
That piece in the top left of Canada is Alaska. It’s oil isn’t going anywhere seemingly.
way to link directly to the .swf we don’t want to see their crappy site! Rock on BP!