The Iran War is entering its fifth week. Fossil fuel supply shortages persist around the world. But the impact is far from uniform.
In this week’s Foundations of Energy post, I looked at the data on global oil production and consumption to understand who is most exposed to supply disruptions like the one we’re experiencing now.
Some key findings:
→ The US is the world’s largest oil producer, but 11 countries have even larger production surpluses relative to their own consumption
→ The largest net oil consumers include China, India, Japan, South Korea, and Germany…some of the biggest economies on the planet
→ 84% of people living in net oil-consuming countries are in Asia Pacific and Africa
→ These regions also have relatively low per capita incomes, meaning disruptions hit harder at the household level
📌 One question the market is processing: does this kind of acute disruption change how political leaders in these regions think about their long-term energy mix?
Or is it treated as a one-off that doesn’t alter the trajectory?
I share my full analysis and the data behind it in this week’s post.
