Industry News page 6

Energy prices gain; Goldman Sachs expects $100/bbl crude - Dec 15th, 10

Oil as the New "Gold"; The Effects on Americans - Oct 21st, 09
The reason as to why the US government spends billions on oil imports is more than baffling with consideration of the current economy deficit and oil under US soil ignored. How many jobs were created across seas when Obama recently invested $3,000,000,000 to help fund foreign drilling programs? Americans can continue to standby, which only helps with the devaluing of the US dollar, or recognize the economical & financial prosperity in on shore oil exploration & production on US ground.

Wise Investments.... Tax Break from Uncle Sam - Sep 29th, 09
Oil and gas investors seeking tax sheltered investments need look no further than direct participation in non-operating working interest ownership. The private sector is generally kept out of the "circle of knowledge" regarding the advantage of investing for the same dollars as the oil companies without the load of promoters and safety net. The objective is to make money and unlike other investments wherein there is capital preservation and losses of the invested amount can be managed, once project costs and drilling dollars are spent they are gone. Payout is the immediate objective and can usually be achieved within the first year, providing the economics going in are advantageous and tax deductions are maximized due to "at risk" classification by the IRS rather than "passive". It is nice to know Uncle Sam will pay half of your invested dollars whether the venture is a dry hole or a commercial well. Nowadays the looming speculation that oil prices are once again prone to an upward spike exceeding $90.00 per barrel, investors should aggressively seek the most tax advantaged program available for their investment dollars, and oil and gas drilling ventures still rank number one.

Keeping the Momentum with Oil - Sep 25th, 09
The time may be now, for oil investors who have long been waiting for the price of oil to return to the peak years. Analysis of crude prices, from the beginning of 2009, slumping around the low $30s, to current, reflects we may be at the hurdle towards oil share opportunities at values near $90…

Ripple Effect of Black Crude - Sep 14th, 09
Non Profit Corporations are struggling in the current economy. Perhaps the average oil and gas investor looking for a viable opportunity to participate in drilling an oil well can take some pride in how those at risk dollars may be helping more than just finding oil...