The Big Picture | Oil Movements

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Oil Movements

Friday, December 28, 2007 | 01:30 PM

in Commodities | Energy | Financial Press | Web/Tech

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

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Comments

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

Posted by: justin | Dec 27, 2007 2:44:49 PM

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 :)

Posted by: Eric Davis | Dec 28, 2007 2:02:27 PM

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"

Posted by: Beca | Dec 28, 2007 2:42:10 PM

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."

Posted by: Ryan Lanham | Dec 28, 2007 2:51:14 PM

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

Posted by: Old Ari | Dec 28, 2007 3:28:00 PM

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

Posted by: kd | Dec 28, 2007 8:06:45 PM