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Since they’re rendered to look like spheres are the numbers proportional to the area of the circle, or the volume of the sphere?
Area of circle
I’ve received the advice that you should always make your charts so that you numbers are proportional to a length, since people aren’t good at comparing areas (or volumes).
So the numbers here probably ought to be proportional to diameters
I think it’s areas.
Where would all of that money or value go when/if humanity finally switched to renewables? Nature has cracked photosynthesis long ago. We should be able to do similarly sooner or later .
good question. my bet is aluminum production would go up, because it’s frankly a nice material to work with, has excellent properties in many fields, and if electricity becomes cheap/clean, then there’s nothing stopping the aluminum world-domination.
Molybdenum? I swear to God I feel like i have never heard of it.
Nice graphics!
Why calling the production value the total size of oil market and not production value in 2022?
I’d measure the size of crude oil market in terms of total real trade volume in metric tonnes or monetary value instead.
I wonder how that compares to coal. I couldn’t find good numbers quickly.
Agree where is coal, but it is hard to track since most of these have a set value and quantity at that time and is usually sold and usually tracked at which amounts, where coal is a different beast, you have different types of coal, like peat, lignite, bituminous and anthracite, then there is even in the same type different grades and quantity, like bituminous coal you will look at the water content, the ash content, amount of macerials… All of these affect their price. Then some coal is mined and consumed at source, usually powerplants are build right by coalfields, to minimise transportation costs, and the mine might be owned by the powerplant, or with a private contract where the price and quantity would not be disclosed to the public.
But if you look at USA, China, India and Indonesia, I think, so my very biased outlook, their combined coal mining, not only in $ but also in Tonnes, will make oil look like a small footnote.
