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Daily Archives: May 22, 2008
Japan's trade surplus falls by half despite ongoing emerging market demand
The drag of present oil prices is evident today in Japan’s trade surplus data for April. Japan’s trade surplus (exports over imports) “tumbled by a worse than expected 46.3% in April due to the rising cost of energy imports and … Continue reading
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The truth about global oil consumption
The following chart lends perspective on who is exerting the greatest demand on global oil supplies. The source of the data is from BP and Nationmaster. The chart is from the Sudden Debt blog. I have not yet found a … Continue reading
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