Oil’s ain’t oils – it’s all about the petrol


Continued instability in the Middle East and Northern Africa, most notably in Libya is keeping everyone from oil merchants, traders, politicians through big business leaders up at night. And with good reason instability to major oil producing nations causes the cost of the commodity to rise, and in a post-recession pre-looming-recession environment, many of the world’s major economies look less like their teetering on recovery and more like they just want a few aspirin and a lie down.

Morgan Stanley analysts recently said “sharp increases in oil prices pose the biggest threat to growth because consumers suffer a sudden hit to purchasing power. They note a 85 percent to 90 percent increase in the price of oil over a year was followed by U.S. recessions in 1975, 1980, 1990, 2000 and 2008.” As oil looks like it might climb above $150 a barrel, and Jim Rogers predicting it could hit $200 a barrel, the global economy may well be headed for slippery times. (sorry, couldn’t resist the pun)

On to graphics and charts, below are some fantastic graphics from The Economist about the effects of petrol and oil prices on some of the world’s major economies.

Drive on Japan and USA…..

You’ve really got to feel for the Greeks, an economy that’s like a tired mule, and a 50% year on year increase to their unleaded petrol price too….


About Ed.

Digital, Search, Social leader.
This entry was posted in Uncategorized and tagged , , , . Bookmark the permalink.

One Response to Oil’s ain’t oils – it’s all about the petrol

  1. Pingback: Nothing good ever comes from this…. | The charts of business and finance

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s