Investing in Energy
Weatherby Energy invites you to join them on their journey of energy investment.
Take a moment to consider all the everyday uses of natural gas and oil. It makes our homes snug and warm in the winter. It fuels all our major transportation systems to get us where we want to go. It’s what cooks the food we eat. They are the elements that produce the electricity that we use for everything from watching TV to air-conditioning our homes. And so many other materials can attribute their beginnings to crude oil.
These resources touch almost every part of our lives, so it should come as no surprise to learn that 65% of the energy consumed in the United States comes from oil and natural gas. The United States is, in fact the leading consumer of these products. The number of barrels of oil consumed in this country every day is 20.68 million. For natural gas, it’s 653 billion cubic meters. It is an industry that is a large percentage of the U.S. economy. It creates millions of jobs and is itself, a consumer of American products.
In the past decade, we’ve seen the price of cruse oil rise. It is currently at a record high; almost 27 times higher per barely that in was in 1970. In recently years, the supply has been unable to meet the demand. Currently, the supply falls about 5% less than the demand of the world market. This trend is poised to continue, which means the price of oil will rise higher.
Weatherby Energy is optimistic that our nation has the tools and skills to produce enough oil and natural gas to meet our nation’s ever growing needs. But Weatherby Energy also recognizes there are great risks involved with oil drilling. As does the U.S. government. That is why they offer numerous tax incentives to those who operate and invest in oil production. Many of the expenses incurred in oil drilling, but intangible and tangible are up to 100% deductible. And for small producers, such as Couch Oil, there are some special tax exemptions like a “depletion allowance.”
As technology in this field advances, oil drilling is becoming more efficient with less risk. In turn, the profits have become greater. Weatherby Energy is a pioneer in geological technologies, and are constantly developing new tools to help find and extract oil deposits.
Though the demand for oil is great, a top-notch team who has the knowledge and skill to get the job can only meet it done right. Weatherby Energy has over four decades of experience. They work hard to keep their drilling costs low, and yield high-volume wells. Their management team uses their experience and expertise to run a tight ship, and they have the track record to back that up. Weatherby Energy takes pride in their work ethic, and is a company built on traditional values. They work hard to capitalize on their investments now, and will always continue to do so.