The IEA has Spoken: U.S. Projected to Top Global Oil Production by 2023
In January, I wrote an article called USA: Global Oil King? In this article I briefly discussed a turnaround in U.S. oil and gas over the past few years. Not so much a turnaround helping prices again reach $100 oil, but a turnaround in which the U.S. climbs the ranks...
U.S. to Livestream Massive Oil & Gas Lease Garage Sale
Earlier this month, Deputy Secretary of the Interior David Bernhardt announced a date had been set for the largest oil and gas lease sale in U.S. history. This comes after we learned in January that President Trump would reverse a program that previously kept offshore...
Tax Overhaul Raises Exemption Phaseout Levels: What’s This Mean for Oil & Gas Investment Tax Benefits?
The Trump Administration’s major tax overhaul already showed slight impact in 2018’s first few rounds of pay stubs, as W2 employees noticed slightly less in their tax-withholding column and slightly more in their take-home pay column. This is one of the changes we can...
USA: Global Oil King?
Picture this: It’s 2014, going into 2015. The U.S. is more than 5 years removed from The Great Recession, but we are all still feeling the squeeze. China is experiencing an economic slowdown. OPEC nations are pumping oil and gas as if they were in a race no one else...
Oceanfront Property Available in California and Florida, Offshore Oil Rig Views Optional
On Thursday January 4th, the Trump administration announced its proposal for allowing of new offshore drilling for oil and gas. The areas mentioned included the majority of coastal ocean waters surrounding the U.S., including huge areas along the Eastern Seaboard and...
Texas: The Intellectual Center of The United States (?)
Texas is a lot of things to a lot of people, but not many would argue that it’s the country’s leader in intellectual capital--most would reserve that title for New York or California. However, because of new provisions in the recently passed tax bill, states like...
The Taxman Cometh … and He’s Speaking Latin
The 503-page bill signed into law by President Trump today restructures how (and how much) Americans pay the Taxman. Most of the provisions take effect Jan 1, 2018 … 10 days from now. And, since there’s no provisions for making sure all Americans understand the...
The Perfect Christmas Gift: Bitcoin?
Think about it. The year is 2010 and you are racking your brain about the perfect gift for your investor friend that “has everything.” You decide against trinkets, gift cards, engraved silver whatevers and wind up purchasing something called Bitcoin, launched into...
Freedom to Say “No” (or Say Nothing)? Kind of.
A retweet from an illustration by Steve Kelley (shown here) got me thinking. The cartoon reminds me of a quote from Benjamin Franklin that I regurgitate often: "Those who would give up essential liberty to purchase a little temporary safety, deserve neither liberty...
The Digital Currency Industry – Bubble-flavored Bitcoins
Bitcoin and other cryptocurrencies have reached what I’ll call some “legitimacy checkpoints” that have reignited conversation around Bitcoin and whether it’s a smart investment. Believers see cryptocurrencies as a new asset class like stocks or bonds, while skeptics do not see the cryptocurrencies as real money because there’s no reputable way to set value–they aren’t backed by anything like gold (but hey, neither is the U.S. dollar). Leading investors Warren Buffett, Dan Gilbert and other financial veterans recently turned up the volume on their resounding skepticism. Bitcoin bubble