Visualized: Oil Versus Democracy
- Oil,
The Economist Intelligence Unit (EIU) releases an annual study of the state of democracies around the world. Each country receives an individual score and gets classified as either a full democracy, flawed democracy, hybrid regime, or authoritarian regime.
Oil production from different political regimes
| Country | Daily Production (barrels/day) | Democratic Score | Democratic Ranking |
| Canada | 5,538,539 | 9.24 | Full Democracy |
| Norway | 2,030,848 | 9.81 | Full Democracy |
| United Kingdom | 935,746 | 8.54 | Full Democracy |
| Australia | 461,132 | 8.96 | Full Democracy |
| Germany | 188,387 | 8.67 | Full Democracy |
| South Korea | 108,152 | 8.01 | Full Democracy |
| Japan | 103,573 | 8.13 | Full Democracy |
| United States | 18,876,774 | 7.92 | Flawed Democracy |
| Brazil | 3,689,417 | 6.92 | Flawed Democracy |
| Mexico | 1,923,657 | 6.07 | Flawed Democracy |
| India | 891,095 | 6.61 | Flawed Democracy |
| Indonesia | 858,065 | 6.30 | Flawed Democracy |
| Colombia | 764,186 | 7.04 | Flawed Democracy |
| Argentina | 702,330 | 6.95 | Flawed Democracy |
| Malaysia | 610,948 | 7.19 | Flawed Democracy |
| Ecuador | 475,641 | 6.13 | Flawed Democracy |
| Thailand | 460,598 | 6.04 | Flawed Democracy |
| Ghana | 186,359 | 6.50 | Flawed Democracy |
| Nigeria | 1,650,393 | 4.10 | Hybrid Regime |
| Pakistan | 99,539 | 4.31 | Hybrid Regime |
| Turkey | 84,398 | 4.48 | Hybrid Regime |
| Saudi Arabia | 10,835,341 | 2.08 | Authoritarian Regime |
| Russia | 10,776,718 | 3.31 | Authoritarian Regime |
| China | 4,992,695 | 2.27 | Authoritarian Regime |
| Iraq | 4,149,022 | 3.62 | Authoritarian Regime |
| United Arab Emirates | 3,785,884 | 2.70 | Authoritarian Regime |
| Iran | 3,457,532 | 2.20 | Authoritarian Regime |
| Kuwait | 2,716,896 | 3.80 | Authoritarian Regime |
| Kazakhstan | 1,867,437 | 3.14 | Authoritarian Regime |
| Qatar | 1,822,418 | 3.24 | Authoritarian Regime |
| Algeria | 1,415,979 | 3.77 | Authoritarian Regime |
| Libya | 1,251,737 | 1.95 | Authoritarian Regime |
| Angola | 1,196,687 | 3.66 | Authoritarian Regime |
| Oman | 980,205 | 3.00 | Authoritarian Regime |
| Azerbaijan | 716,735 | 2.68 | Authoritarian Regime |
| Egypt | 659,822 | 2.93 | Authoritarian Regime |
| Venezuela | 613,924 | 2.76 | Authoritarian Regime |
| Turkmenistan | 238,371 | 1.72 | Authoritarian Regime |
| Vietnam | 206,047 | 2.94 | Authoritarian Regime |
| Bahrain | 188,545 | 2.49 | Authoritarian Regime |
| Gabon | 174,715 | 3.54 | Authoritarian Regime |
| Equatorial Guinea | 142,562 | 1.92 | Authoritarian Regime |
Just 10% of global oil production comes from full democracies, with Canada being the largest producer of the group.
The United States ranks surprisingly amongst flawed democracies due to a low-functioning government and low political culture.
More than half of the world’s oil production comes from authoritarian regimes with Saudi Arabian, Russia and China being the largest producers.
The recent energy crisis sparked by the Ukraine war highlight the geopolitical importance of sourcing energy from friendly nations. Democratic and human rights are included in the social and governance factors of ESG.
Sources:
https://worldpopulationreview.com/country-rankings/democracy-countries
Luxury Online Shop | High-End Designer Fashion Store Shopping | nike outlets sell jordan 1
Copyright @ ENERGYminute Media 2024. All Rights Reserved
