Vancouver, BC (PRWEB) April 23, 2012
InvestmentsinOilandGas.com, a group dedicated to educating potential oil and gas investors about the risks and opportunities presented by oil and gas exploration and investment, is encouraging all oil and gas investors and potential investors to take notice of the recent changes that will more than triple the opportunity for domestic drilling on public land. These changes, which may be complete within the month, will create additional competition for investors, making now the time to act to be in the best position to benefit from the potential.
InvestmentsinOilandGas.com believes efforts to promote domestic oil and gas production are crucial to the future economic stability of the country. They have determined that by reducing the processing time from 300 days to 60 days, oil and gas exploration and drilling can move from paper negotiations to fruition with less cost, time, and effort – nearly tripling the opportunity available to oil and gas investors.
“Where the growth in oil out here has been, it’s been on private land,” explained Rep. Rick Berg, R-N.D. According to records analyzed by InvestmentsinOilandGas.com, the U.S. has decreased the amount of oil it is importing while at the same time increasing domestic oil production, but with more than 96 percent of the growth being developed on private land, the recent changes are just what the country needs to position itself more independently from the global oil demand crunch.
InvestmentsinOilandGas.com explains that changes to the process that will be implemented over the course of the next few weeks will provide additional incentive, but only those who act now will be well-positioned to take advantage of the private land drilling opportunities.
InvestmentsinOilandGas.com has analyzed the ramifications of these changes, determining that the increased speed of processing will allow the BLM to approve leases at nearly three times the rate they have been able to in the past. This will provide an impetus that brings more investors – and more competition – into the shale areas. InvestmentsinOilandGas.com supports expanding domestic oil and gas production as a way to bolster the country’s independence from unreliable foreign supplies as well as have a positive overall impact on the U.S. economy, but believes investors must take action in the next 12-18 months to be well-positioned to benefit from the opportunity.
InvestmentsinOilandGas.com provides information and education to potential oil and gas investors to help them make informed and educated decisions about domestic oil and gas opportunities. Qualified investors can obtain a free investors guide from InvestmentsinOilandGas.com by visiting their website.