Oil Reserves by Country and How Long It Will Last: Infographic

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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 producing continues have an incentive to keep the prices high. Unlike other industries the OPEC cartel is legal and continues to “adjust” supply as needed. Recently I came across an infographic that shows the countries with the largest oil reserves and an estimate on how long the reserves will last. According to this estimate by Sputnik, at the current rate of production the reserves will last a mere 9.5 years.

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Source: Sputnik

Related ETF:

  • United States Oil ETF (USO)

Disclosure: No positions

The 2023 Andex Chart for Canadian Investors

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The Andex Chart is a powerful one-pager that shows the performance of different asset classes such as stocks, bonds, balanced portfolio, etc. over a period of time. The chart also shows the bull and bear markets since the 1930s.

The chart shows the growth of C$1,000 from 1934 thru 2022 for Canadian stocks, US stocks, Bonds, International stocks, etc. Over such a long-term Canadian stock earned an average annual return of 9.5%. However US equities performed even better with an average return 11.4% per year.

You can view/download the 2023 Andex Chart for Canadian Equity Market in here:

Source: Equitable Life of Canada

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Canada’s S&P/TSX Annual Total Returns From 1948 To 2020: Chart

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Equities tend to go up in the long term measured in decades. This is true for most equity markets. Many studies have shown the US equities for instance have yielded positive returns in more years than negative returns. Canadian stocks have also performed in a similar fashion. In the years from 1948 to 2020, Canadian stocks as represented by the S&P/TSX Composite Index have returned positive Total Returns in more years than they have returned negative returns as shown in the chart below:

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Source: Time in the market, not timing the market, is what builds wealth by Stephen Rogers, IG Wealth Management

The key takeaway is staying invested is more important than trying to time the market. Markets can turn abruptly and it is not possible for any investor to predict which direction it will go.

Related ETF:

  • iShares MSCI Canada Index Fund (EWC)

Disclosure: No positions