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| Source: DATA DRIVEN (HT:PAUL KEDROSKY) |
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Monday, May 30, 2011
A nice side-by-side graphic showing world-wide demand for oil in the last 10 years. Guess which way the demand is tilting...
The graphic below illustrates visually how the demand for oil has increased in the last 10 years and where the demand has shifted geographically--the tilt is towards Asia/Southwest Asia (graph on left is year 2000 and one of the right is year 2009. Go HERE to see the interactive and change the variables. The red circles indicates the country is a net importer of oil and the green circles a net exporter of oil. The RED arrow points to China, the PURPLE to India, the BLUE to South Korea (just behind Japan) and the GREEN to Australia. Quite dramatic, is is not?
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