Demand is increasing at a much faster rate than supplies can be made available, and in order to give us time to find additional reserves, the countries who have the oil are raising prices...of course greed is part of the reason...but there is another important reason as well...as prices go up because of greater and greater demand...the economics of developing certain prospective oil & gas fields become more attractive...
In more simple terms, the economics, and feasibility of certain oil and gas targets are now making sense...deeper targets, and harder to get targets become very good discoveries when prices support the development effort...we're there, and its only getting better...We have always known where are reserves are because of seismic analysis done years ago across the US...
We now have the pricing to justify the expenditure of the development capital, and even more importantly the technology to make it happen...the IRS is our partner as well...The Tax write-offs are better than any investment I know of in the US today...You might as well take advantage of the facts...demand is going to increase, and oil & gas prices are going to go up...there shouldn't be any question that what I'm saying is true... You must notice this when you fill-up your gas tank these days.
Why not be an investor, and make some money, while reducing your taxes, instead of just remaining a consumer.
Oil & gas prices are consistently higher than ever before...and the latest technology is being implemented to help investors in the oil & gas business today make some very attractive returns on their money...don't pass this opportunity by, because as most investors know, timing is everything...it is particularly so, and is very much the case with oil & gas investments right now.
Tax advantages, and tax benefits, that can be taken during the initial development stages of new oil & gas drilling efforts, plus even more tax write-offs... that can also be taken during the completion, and production stages of oil & gas development, can make the over-all returns that are possible, especially when factoring-in cash flow from successful wells, outstanding...
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