Income Potential Of Oil And Gas Wells
Exceptional Monthly Cash Flow Potential For Decades
Investing in oil and gas exploration has been responsible for some of the largest fortunes amassed in American history. Even so, it has remained a mysterious territory inhabited by legends like H.L. Hunt or J. Paul Getty or most recently, T. Boone Pickens and George Mitchell. Although the billionaires and millionaires created by the oil and gas industry are almost too numerous to list, they all had one common thought; there is money to be made in the oil and gas industry. We agree.
Global demand for oil
With the global demand for oil and natural gas continuing to grow, it could be an ideal time to increase portfolio yields with potential energy income. With ever increasing international industrialization, it is no wonder global demand for oil continues to rise, year after year. And amidst this unquenchable thirst for more energy, the leading producers around the world are watching their production levels steadily decline. As this occurs, the basic economic rules of supply and demand take charge. This fundamental economic principal has been the primary influence over prices throughout history and remains the driving force behind rising oil prices of today.
Increased demand could increase profits
The United States is the third largest oil producer in the world. However, we are the single largest consumer, producing 8% of the world’s oil and consuming 23%. The United States consumes much more oil than it produces – a trend that is expected to continue well into the foreseeable future. As our demand continues to rise while our production simultaneously continues to decline, the ever-widening gap creates an inexhaustible rise in our dependence on foreign oil imports. The United States’ crucial dependency on foreign oil imports makes us very vulnerable. Unfortunately, there are but two viable means of reducing our dependency on foreign imports. The first is to reduce our oil consumption. So far, this one shows very little promise. The second is to increase domestic production. This one does have great potential.