Notes From All Over; Men Playing Soccer Grossly Underpaid -- Part 4, July 11, 2019

2019 oil demand growth forecast (this forecast is updated by the EIA on a regular (monthly?) basis, so it's simply a snapshot in time):

• most recent growth forecast, link here: 1.1 million bopd
• previous forecast: 1.3 million bopd 
• again, false precision: 200,000 bbls / 100 million bbls daily consumption = 0.2%
• forecast for 2020: demand growth at 1.4 million bopd (ditto, re: false precision)

Soccer, men vs women, link here (March 7, 2019):

The men still pull the World Cup money wagon. The men's World Cup in Russia generated over $6 billion in revenue, with the participating teams sharing $400 million, less than 7% of revenue.

Meanwhile, the Women's World Cup is expected to earn $131 million for the full four-year cycle 2019-22 and dole out $30 million to the participating teams.

In case Occasional-Cortex has difficulty reading data posted in paragraphs, let's post that again:
revenue for one tournament (repeat: one tournament):

• men's soccer: $6 billion
• women's soccer: $131 million

The real story here is the piddly amount the men receive. Look at that. The World Cup last year -- in Russia -- generated $6 billion and men took home less than 7% of that revenue. One can guess who the real beneficiaries were: Putin and the television networks.

My hunch is that the Men's World Cup would have generated another $1 billion had the American men's team made it to the semifinals. I don't recall, but I don't think the US men even made it to the semifinals.

The US women: win the World Cup and the revenue generated was (131/6,000) 2% of the men's.

Using the argument, equal pay for equal work, authors should all be paid the same amount for their books.

All CEOs, regardless of sex, size of company, revenues, etc., should be paid the same.