As the world adjusts to lower oil prices and the attendant end of the petrodollar system that has served to underwrite decades of dollar dominace but which, thanks to geopolitics, lackluster demand, and a QE-assisted global supply glut, is now set to collapse, costing financial markets some $24 billion in monthly petrodollar liquidity, we bring you the following graphics which show who’s consuming the most, and where the growth is.
Consumption growth (2014):