World Economy and GDP

New map shows how GDP of US states compare to the world

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World Oil Production and Average Price

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Figure 1. World oil (crude and condensate) average daily production and refiners average acquisition cost in 2009 $, both based on EIA data. 2010 is partial year through September 30. ///     /// /// . Figure 2. Graph of Persian Gulf oil (crude and condensate) based on EIA data. /// . Figure 3. Persian Gulf oil production and average price, based on EIA data. /// . Figure 4. OPEC reserves based on BP Statistical Report data. Graph by Rune Likvern of The Oil Drum. /// : Figure 5. Oil production from the Former Soviet Union, based on EIA data (crude and condensate). /// The USA: Figure 6. US (crude and condensate) oil production, based on EIA data. /// : Figure 8. Oil production (crude and condensate) for the rest of the world based on EIA data. /// International   International energy data and analysis /// International Energy Outlook 2014 /// World markets for petroleum and other liquid fuels have entered a p...
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global car production by country in 2011 and 2014

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Below, a summary of global car production by country in 2011: Rank Country Cars produced % of total world production 1 China 14,485,326 24.0% 2 Japan 7,158,525 11.9% 3 Germany 5,871,918 9.7% 4 South Korea 4,221,617 7.0% 5 India 3,038,332 5.0% 6 U.S.A. 2,966,133 4.9% 7 Brazil 2,534,534 4.2% 8 France 1,931,030 3.2% 9 Spain 1,819,453 3.0% 10 Russia 1,738,163 2.9% 11 Mexico 1,657,080 2.8% 12 Iran 1,413,276 2.3% 13 U.K. 1,343,810 2.2% 14 Czech Republic 1,191,968 2.0% 15 Canada 990,483 1.6% 16 Poland 722,285 1.2% 17 Slovakia 639,763 1.1% 18 Turkey 639,734 1.1% 19 Argentina 577,233 1.0% 20 Indonesia 561,863 0.9% 21 Belgium 560,779 0.9% 22 Thailand 537,987 0.9% 23 Malaysia 488,441 0.8% 24 Italy 485,606 0.8% 25 South Africa 312,265 0.5% 26 Romania 310,243 0.5% 27 Taiwan 288,523 0.5...
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a bear market in stocks and a likely recession Joe Biden and President Trump

President Trump’s fear of Joe Biden seems well-founded, especially since Biden is now favored to move into the White House in 2021, by some estimates. “With Trump facing an unlikely reelection, this means it is most likely at this point Joe Biden will win the general election in November,” Washington, DC research firm Sandhill Strategies predicted in a March 16 analysis. The coronavirus outbreak has triggered a bear market in stocks and a likely recession , which is a death sentence for presidential reelection hopes. “No U.S. President has won reelection in recent history after a period of economic downturn,” Sandhill points out. Biden hasn’t officially clinched the Democratic presidential nomination yet. But that seems inevitable, barring an unforeseen turn in the race. He handily leads Bernie Sanders in the delegate count , and Sanders himself seems to be tacitly acknowledging his inevitable dropout. Recessions are funny things, because economists only declare them months afte...
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