Thursday, October 25, 2007

Lube Job

OIL Price rise and the impact to oil exporting countries.

Wealth Transfer to Top World Oil Net Exporters, 2005*, $ Billion

CountryNet Oil Exports2004200520062007Total
1)Saudi Arabia9.13679113136364
2)Russia6.7275883100268
3)Norway2.711243340108
4)Iran2.610233239104
5)United Arab Emirates2.41021303696
6)Nigeria2.3920283492
7)Kuwait2.3920283492
8)Venezuela2.2919273388
9)Algeria1.8716222772
10)Mexico1.7715212568
11)Libya1.5613192260
12)Iraq1.3511161952
13)Angola1.2510151848
14)Kazakhstan1.1410141644
15)Qatar149121540
Grand Total:1,595
*Table includes all countries with net exports exceeding 1 million barrels per day in 2005. Price rise is increase from an assumed $25/bbl refiner's acquisition cost in 2002, which is a conservative estimate.

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