Current Oil
"Are you better off now than you were four years ago?"
October 28, 1980, Ronald Reagan. The average retail price of a gallon of gasoline has already passed the $4 mark in some states, a plethora of media reports are warning readers that gasoline could hit $5 a gallon by this summer at least one well-respected public opinion pollster recently found that most Americans expect that to happen. Washington has done little to change its' energy policy, or lack of it since the 80's. Oil & Gas investments have been a lucrative arena for years but because of the lack of information available out there the average investor does not have enough information to make an educated investment in this area. Global Demand for oil is 86-88 million barrels per day It will grow to 90 million barrels by the end of the year.Global Production is 84 million barrels per day, since production is short of demand, orices have risen.
America consumes 20 million barrels of oil per day. We produce 7 million barrels per day and import the other 13 million barrels. Of that 13 million barrels of imported oil, 5 million comes from OPEC, nations that hate us and are currently subject to tremendous upheaval. | Domestic Oil Investments
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The math is basic...The US needs more oil production and the quickest way to additional production is to invest in existing, independent onshore drilling companies!