“Rise early, work hard, strike oil.” Just as oil was the black gold that helped build J. Paul Getty’s fortune in the 1950s, oil has the potential of once again being black gold in 2011.
Past News ReleasesRSS
Squamish, BC (PRWEB) September 13, 2011
InvestmentOptions.net sees there are a variety of factors that have converged to make oil black gold in 2011. Among these converging factors is the concern that no alternative form of energy – wind, water, solar, nuclear – has come close to providing enough supply to meet the needs of the growing global demand. As governments explore other alternative energies like bio fuels, it is becoming apparent that processing bio fuels may actually put enough of a strain on the ecosystem because of the water and land needed to grow the fuel to prevent it from being cost-effective.
With the realization that no viable alternative is likely to rise up to meet the growing demand, InvestmentOptions.net believes that investing in black gold in 2011 is an opportunity most sophisticated investors will want to consider. J. Paul Getty has been quoted providing his formula for success: “Rise early, work hard, strike oil.” Just as oil was the black gold that helped build J. Paul Getty’s fortune in the 1950s, oil has the potential of once again being black gold in 2011.
Petroleum-based products are used to manufacture a number of items used for every day life by people around the world. These items range from anesthetics and antihistamines to vitamin capsules and yarn, and because the demand for every day products will not diminish, even the development of more economical vehicles that are electric or have significantly improved fuel consumption will not necessarily reduce the demand for oil. Oil can be black gold in 2011 for sophisticated investors.
In addition to potential payouts and return on investment benefits, there are a variety of incentives in the form of tax benefits that make striking black gold in 2011. Some of these benefits include being able to earn untaxed income from producing wells, as well as being able to deduct and depreciate many of the costs associated with establishing the well, including the drilling equipment and geological survey costs.
With the demand for oil increasing by at least 2% each year and no viable alternatives, InvestmentOptions.Net believes that an energy crisis is coming, and that those savvy investors who invest in black gold in 2011 will be able to withstand the crisis.
# # #