This surprised me...
Source: Jon Udelt via The Big Picture
Friday, November 21, 2008
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
Blog Archive
-
▼
2008
(608)
-
▼
November
(88)
- Rest in Peace Doris “Tanta” Dungey
- Why 'Expected Deflation' Can Be a Good Thing
- EconomPics of the Week: Turkey Edition
- Missed Chance to Get Warren as Asset Manager on th...
- Japanese Production Shows a Worsening Global Reces...
- Global Equity Markets Rally
- Relative Size of Pledges... Part III
- Personal Consumption and Spending (October)
- Durable Goods: New Orders Down 6.2%
- Some Swap Spread Normalization...
- Problem Banks: It's the Assets That Matter
- Pledges by Fed, FDIC, Treasury, and FHA = $90k per...
- Case Shiller Price Index (September)
- Bailout Pledges More than $8 Trillion
- Uncertainty... The Only Thing That's Certain
- Market Rallies, Except for Warren
- Will an Auto Bailout also Act as an Ad Bailout?
- Break-Even "Deflation"
- Citi Bailout Details
- Leading Economic Indicators (October)
- NFL Scoring Differential
- The Only Equity Fund up Through Thursday, Down Thr...
- EconomPics of the Week (11-21-08)
- Oil Sources by Region
- TARP Participants to Date
- The Equity Market has Nothing on Credit
- Equity Market Snow Balling...
- Obvious Statement of the Day: Banks Struggling
- Up is Down... Down is Up
- Bailouts... to Pay a CEO's Severance?
- The Former Untouchables
- What's the Deal with Long Credit?
- CPI: Largest Drop in 61 Years "Fueled" by Fuel
- Commercial Real Estate Troubles
- Can the Credit Crisis Impact Global Hunger?
- "After the Stimulus": What Will Replace Consumption?
- Producers Price Index (PPI) - October
- You Can't Invest in an Average
- Mass Layoffs on the Rise
- Who Will Save Citi?
- Why Does Anyone Rely on Estimates?
- Bailout Greed... Can Anything Top This?
- Econom-Pics of the Week (11-15-08)
- Holiday Shopping Slump
- Retail Sales Tail Spin
- There's no Raising Prices of Tickets in Baseball!
- LIBOR Higher
- "Wal-Mart Trade Deficit"
- $2.214 Trillion and Counting...
- $3 Trillion and Counting...
- US Int'l Trade in Goods and Services Cliff Dive
- The Changing Global Economy by President
- GM: The Ultimate Cyclical Stock?
- Krugman's Stimulus Math: $600 Billion
- Chinese Hard Landing
- GM = Small Cap Stock
- The End of Wall Street / Investment Banking Bonus ...
- You Call That a Knife? THIS is a Knife!
- Are Convertible Bonds a "Screaming Buy"?
- Fannie: Going Concern, but I am Getting Concerned
- Credit Risk Analysis
- How Much of the Bailout Money Will Make it into th...
- China Gets on the Stimulus Train
- EconomPics of the Week (11-7-08)
- Additional Employment Analysis
- U.S. Autos Bleeding Cash
- Federal Reserve Bank Credit Balance Sheet Over $2 ...
- Birth Death Model Overstates Employment... Again
- Unemployment Analysis (October)
- S&P 500 Down Another 5%
- Same Store Sales (October)
- Voter Turnout: Diverse and Strong
- Bank of England Has Some Catching Up to Do
- LIBOR 11-6-08
- Hedge Funds Performing "Relatively" Well
- Non-Manufacturing Index (October)
- Gross Notional CDS
- LIBOR Improves Again
- Auto Sales: Month over Month Sales Shows a Differe...
- I Proudly Present... Our Next President
- S&P 500 and Treasury Rally in the Same Day? Finally!
- MBS Issuance
- LIBOR Down... Again
- Auto Sales Crash... Again
- ISM Report: Manufacturing Contracted in October
- LIBOR Down
- Obama Poll Lead by State
- Tax Payer Fueled Bonus Binge
-
▼
November
(88)
Analyzer
Great chart. Not enough people are aware of this. Most people think we get almost all our oil from the middle east. We get more from Canada than we do the Middle East. Would be interesting to see how this has changed over time though, which might really explain our interest over there.
ReplyDeleteGood Chart. Dispels conventional beliefs.
ReplyDeleteDont understand this chart.
ReplyDeleteDo you mean where US oil is sourced? Or total oil supply in the ground? Total oil production? Total US imports?
I'm assuming you mean total US imports (it generally fits), but the lack of clarity is a bit startling.
Also, oil is a global commodity, so price is set by those who have extra production capacity, almost all of which is in the middle east at this point...
Again, the graph is interesting, but it's really hard to tell what it's trying to tell us....
Jake - Dom here - this is US imports. since oil a global commodity this has nothing to do with the actual price of oil or who the true 'sources of oil' are. Were the Saudi's to stop providing oil it doesn't mean our prices would still not sky rocket.
ReplyDeleteAlso since oil is priced in dollars it does not appropriately describe where the USD goes.
@Mako - oil price isn't necessarily set by those producing, it's set by 2 worldwide oil bourses (one in london and one in nyc). Iran recently started a third, trying to push for oil to be priced in other currencies than the USD. Coincidentally, the more successful Iran's oil bourse becomes, the more talk we hear about how dangerous the country is...
ReplyDelete