The Industry by the Numbers — Three Maps That Do Not Overlap
Educational material. Every statistic below carries a named source and a year. Figures were chosen to be structural — capacities, counts, shares — rather than anything that moves with the market. Nothing here is investment advice or a forecast, and none of it is a design basis.
Draw a map of where the world's oil reserves are. Then a map of where the world's refineries are. Then a map of where the oil is actually burnt .
Before you read on: how much do you expect those three maps to overlap?
Very little. And that non-overlap is not a market…
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