State-owned companies control most of the world’s oil and natural gas reserves. It is a common misconception that the publicly listed western oil giants like Exxon Mobil(XOM), Chevron(CVX), Shell(SHEL), BP(BP), Total SA (TOT), etc. are the oil and gas giants. Together these companies have even earned the moniker “Big Oil”. However that is not true. …

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Oil is one of the world’s most followed commodities for obvious reasons. The widely used measurement of crude oil is the barre. Have you ever wondered what is produced from a barrel of oil? The following graphic has the answers. It is fascinating to see that gasoline yield is less than half of a barrel …

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Inflation in the US continues to remain stubbornly high. Currently the annual inflation rate is at 3.7% based on June data. This rate is still higher than the Fed target rate of 2%. The actual inflation rate that a consumer sees such as food, insurance premiums, etc. have risen to astonishing levels in the years …

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Oil prices continue to remain high adding to more pain for consumers. High oil prices are one factor that is driving inflation. After the dramatic plunge in demand during the Covid era oil prices soared in the past two years leading to the energy sector having the best returns in the S&P 500. Top oil …

Continue reading ‘Oil Reserves by Country and How Long It Will Last: Infographic’ »

The top three oil producers in 2021 were the USA, Saudi Arabia and Russia. The US was not only the largest producer but was also the largest consumer in the world. Click to enlarge Source: Visual Capitalist via Market Index