How to Use a Sankey Diagram for Energy Research
A Sankey diagram is a powerful tool for illustrating complex processes. It allows the viewer to see the total amount as well as the intermediate steps. It also allows for multiple viewing levels, so the user can get a high-level overview of the process and then drill down to specific details. In addition, the Sankey diagram allows the user to pre-determine the level of detail to which they want to drill.
Paul Sankey has nearly 30 years of experience in the oil industry. He is an award-winning analyst and has published popular daily notes for energy investors. He has worked for firms including Mizuho, Deutsche Bank, and Wolfe Research. He has also been a consultant for Wood Mackenzie. He started his career as an energy analyst at the International Energy Agency.
Sankey styles himself as an activist analyst and believes that US E&P is on the cusp of a renaissance thanks to corporate governance. He has called premium oil companies EOG Resources “The Apple of Oil” and ExxonMobil “The Big Unit.” He has also labeled the past decade of US refining as “The Diamond Age of refining.”
Famous sankey diagrams
The Sankey diagram is a powerful visual tool for analyzing complex data. It supports multiple viewing levels, including high-level overviews and more detailed, interactive views. It also provides flexibility for different audiences, as it allows users to choose how much detail they want to see. It also lets users drill down to specific categories without compromising the overall view.
There are a number of different types of Sankey diagrams, but most are used to represent the flow of materials or energy from one place to another. The flow is represented by directional lines or arrows, and the thickness of the line or arrow corresponds to the amount of flow. This type of diagram is widely used in engineering, industrial ecology, and product life cycle assessments to visualize energy efficiency.
Meaning of a sankey diagram
A Sankey diagram is an effective tool for visually representing energy balances. The balance represents the contribution of energy commodities to the economy. These commodities are carriers of energy in marketable form, which are used in various sectors of the economy. This diagram reproduces energy balances in a graphical format, and is often used in place of spreadsheets and tables. The energy balances are represented by black nodes, which represent different events and processes.
Flow in a Sankey diagram is visualized using nodes and arcs. Nodes can be represented by rectangles, text, and links. Arcs have different widths and allow for different horizontal positions for process groups. The vertical slices of a Sankey diagram also have a meaning. However, it is important to note that the nodes should not be connected to each other in exact coordinates. Only when the flow widths are known can they be accurately positioned.
Ways to use a sankey diagram
When doing research, a Sankey diagram can be an invaluable tool. It can help to visualize costs, materials, and energy flows. This type of diagram also allows you to use varying amounts of color to represent different quantities. It can also be used to illustrate the supply chain of a business. It is an excellent alternative to bar charts and can effectively communicate the data that you are researching.
Because Sankey diagrams support multiple levels of viewing, they can help you quickly present information that is both high-level and detailed. They are also great for interactive views, as users can easily drill down to see a particular aspect.
Resources involved in a sankey diagram
The Sankey diagram is an effective tool for analyzing the flow of resources in a system. It allows you to visualize the interrelationships among variables and can highlight areas of inconsistency. It is useful in several business and project contexts, including marketing and supply chain management, sales, and research and development. It can also be used for funnel analysis and sales order analysis.
A Sankey diagram helps project managers track how resources move in a project. It shows how resources move throughout the system and at what rates. The first step in creating a Sankey diagram is to gather and tag data on the resources involved in the system. This information is required for complete traceability.