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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