We have been surprised by the number of new inquiries from investors wanting to take advantage of these tax incentives prior to the end of the year.
Portland, Tennessee (PRWEB) November 21, 2012
Nashville-based 3E Tennessee, an oil and gas production company, recently experienced a rapid rise in the number of investors looking for tax incentives through a direct investment in oil and gas. In response to this demand, 3E Tennessee has provided valuable information about special tax breaks that are written into the United States tax code to stimulate the economy while reducing the dependance of foreign oil.
With the price of oil ticking back up to $100 a barrel, more and more new investors are looking to oil and gas production to provide them with superior tax advantages. In most cases, investors can write off nearly their entire initial investment during the year the investment is made. Additionally, investors only pay taxes on approximately 80% of the income that is received from an oil and gas investment.
"With the end of the tax year approaching, investors are flocking to oil and gas investments," said J.W. Towe, President of 3E Tennessee. "We have been surprised by the number of new inquiries from investors wanting to take advantage of these tax incentives prior to the end of the year."
3E Tennessee also says that in addition to providing superior tax incentives, direct investment in oil and gas provides a great hedge against inflation with its inverse relationship to the U.S. dollar. For complete information about all of the tax incentives and benefits of a direct investment in oil and gas, please call 3E Tennessee.
About the company:
Based out of Nashville, TN, 3E Tennessee continues to be a rising star in the ever expanding O&G industry. With a focus on national energy independence, J.W. Towe, President of 3E Tennessee, is leading the charge in the rapid redevelopment of the Ordovician oil and natural gas producing zones of south central Kentucky. For more information, please visit their website at http://www.3Etnoilandgasinvestments.com or call them 877-456-3386.