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Showing posts with label oil infographic. Show all posts
Showing posts with label oil infographic. Show all posts

February 26, 2011

Top 10 Countries That Depend on Oil From Libya


LIBYA produces 1.7m of the world's 88m barrels a day (b/d) of oil. OECD countries import 1.2m b/d, and China another 150,000. Our chart shows which of Libya's main export markets are most dependent on it for their oil. At the top of the list, Ireland only accounts for a tiny fraction of Libya's oil exports. Italy is by far the biggest importer: in 2010 it took 376,000 b/d from its former colony. As oil prices surge amid the continuing unrest in the Arab world, importers will look to Saudi Arabia to make up any shortfall.( economist)
   

February 10, 2011

The Oil Supply and Demand Infographic





China and India, two giants with a combined population of nearly 2.4 billion, shook themselves out of a long economic slumber and began growing rapidly in the 1990s. Adjusted for inflation and purchasing power parity, China’s per capita GDP rose from $1,103 in 1990 to $4,088 in 2005; India’s went from $1,202 to $2,222. In this decade, new energy demand from China, India and other emerging countries has added to continued growth from the U.S., Europe and other parts of the world.

As economic activity in the U.S., the world’s largest oil consumer, began accelerating in 2003, markets began feeling the full force of the world’s increased appetite for oil. Global consumption rose from 82.6 million barrels a day in 2004 to 85.6 million in 2007. Since the beginning of the oil era, prices had ebbed and flowed around the U.S. economy’s ups and downs. Now, markets view demand increases as a fact of life that won’t be blunted much by a slowing U.S. economy.

With consumption on the rise, oil markets grew tighter as suppliers neared productive capacity. The Organization of Petroleum Exporting Countries (OPEC), a 13-member group that produces more than a third of the world’s oil, has maintained excess capacity of only 1 million to 2 million barrels a day since 2004, down from 4 million in 2001 and 5.6 million in 2002 ( soutrce : dallasfed )

February 4, 2011

US Oil Imports Infographic

source via Link

As much as 66 percent of all US crude oil is imported from other countries, and the amount of oil imported from OPEC nations is roughly equal to the amount of oil produced domestically

One of the major alternative fuels emerging as a genuine alternative to oil and gas is the ethanol-based biofuel, made from corn crops. The real price of corn was significantly higher than the nominal price of corn until 1996. However, while the nominal and real price of corn remained relatively stable for ten years, both the real and nominal price of corn are back on the rise. With pressure to produce biomass fuels containing higher concentrates of ethanol, prices of corn appear to be further increasing.

For every dollar of US GDP, the amount of GHGs and CO2 emissions that are produced in the process has been slowly falling. When countries develop and prosper they create more efficient means of production. As a result, American economic growth has brought more energy efficiency and less pollution per GDP dollar.