<ol><li>China:<ol><li>Import Scale: China has consistently been one of the largest importers of crude oil globally. The country&apos;s rapid industrialization, urbanization, and economic growth have driven a substantial increase in energy demand, with oil playing a crucial role in meeting this demand.</li><li>Economic Impact: China&apos;s demand for crude oil not only affects global oil prices but also has a profound impact on the country&apos;s economy. The Chinese government carefully monitors energy security and works to diversify its sources of oil to ensure a stable supply.</li><li>Geopolitical Considerations: China&apos;s quest for energy security has led to investments in oil-producing regions worldwide, creating geopolitical implications as the country seeks to secure its energy interests.</li></ol></li><li>United States:<ol><li>Import and Domestic Production: The United States is a major player in the global oil market, not only as a significant importer but also as a producer. The shale oil boom has allowed the U.S. to reduce its dependence on foreign oil and has, in fact, turned it into a net oil exporter in recent years.</li><li>Economic Factors: The amounts and costs of oil imports for the U.S. depend on various factors, including domestic production levels, economic conditions, and geopolitical factors that may influence global oil prices.</li><li>Energy Security Policies: The U.S. government implements policies to enhance energy security, and fluctuations in oil imports are often considered in the context of these broader energy strategies.</li></ol></li><li>India:<ol><li>Growing Energy Demand: India&apos;s increasing oil imports are driven by its growing population, urbanization, and expanding industrial base. The country&apos;s economic development has led to a surge in energy consumption, with oil being a major component of its energy mix.</li><li>Government Policies: The Indian government formulates policies to ensure a stable and secure supply of energy, including oil. This involves considerations of economic growth, environmental sustainability, and international relations.</li><li>Diversification Efforts: India aims to diversify its sources of oil to mitigate risks associated with dependence on specific regions. This includes efforts to secure oil from various countries and explore alternative energy sources.</li></ol></li><li>Japan:<ol><li>Energy Needs: Japan, lacking significant domestic energy resources, relies heavily on oil imports to meet its energy needs. The country&apos;s industrialized economy and advanced technological infrastructure contribute to a constant demand for oil.</li><li>Economic and Energy Policies: Japan&apos;s energy policies are intricately linked with its economic strategy. The country actively pursues energy efficiency and explores renewable energy sources, but oil remains a crucial component of its energy portfolio.</li><li>Geopolitical Sensitivities: Japan&apos;s reliance on oil imports makes it sensitive to geopolitical developments that may impact the stability of global oil supplies. The country actively engages in diplomatic efforts to ensure secure access to oil.</li></ol></li><li>South Korea:<ol><li>Import Dependency: Similar to Japan, South Korea is heavily dependent on oil imports to meet its energy requirements. The country&apos;s industrial base and economic activities contribute to a consistent demand for oil.</li><li>Economic Conditions: South Korea&apos;s oil imports are influenced by economic conditions, including industrial output and trade activities. Fluctuations in global oil prices can have direct implications on the country&apos;s economic performance.</li><li>Energy Security Strategies: South Korea, like other oil-dependent nations, formulates energy security strategies to ensure a stable supply of oil. Diversification of energy sources and diplomatic engagements play a role in these strategies.</li></ol></li></ol>

The Global Economic Impact from Oil

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Continue storytelling with ArcGIS StoryMaps and keep your content. Request that Esri migrate your account to ArcGIS Online by May 31, 2025, and complete migration by June 30, 2025.

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After one year, you will need to purchase an ArcGIS Online subscription to continue using ArcGIS StoryMaps. Check out the StoryMaps <link>retirement page</link> for more information on the ArcGIS Online subscription options.

ArcGIS <link>StoryMaps</link> is the professional version of StoryMaps and is available as part of <link2>ArcGIS Online</link2>. Both products share similar storytelling capabilities, so if you are familiar with StoryMaps, you'll feel right at home with ArcGIS StoryMaps. Visit the <link3>retirement page</link3> for a detailed comparison between StoryMaps and ArcGIS StoryMaps.

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Introducing ArcGIS StoryMaps and ArcGIS Online: <link>AGSM Introduction video</link>

You are invited to migrate your account and content to ArcGIS Online where you can continue storytelling with maps. With ArcGIS Online, you’ll get access to ArcGIS StoryMaps and the easy-to-use story builder you are familiar with, plus so much more!

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Both of these options include access to ArcGIS StoryMaps and the other ArcGIS Online apps and capabilities. Please note that there is a price difference between the two options that you will need to pay if you want to keep your account active when your free subscription expires. See the FAQs on the <link>StoryMaps.com retirement page</link> for more information about these subscription options.

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