Understanding Operating Expenses
The energy industry plays a very essential role in the economy’s growth. This ever-growing industry includes the oil and gas sector, which helps the economy by oil and gas drilling,...
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Investing in Oil and Gas: How Tax Deductions Can Help You
There are a lot of reasons why qualified investors choose to diversify their portfolios by investing in oil and gas. One compelling reason is the substantial tax deductions afforded by...
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Biden’s Energy Policies Resulted in Rising Oil Prices
The Biden Administration has already made a profound impact on the industry of oil and gas and has contributed to the rising of oil prices, even after merely a month...
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Hydraulic Fracturing Has Made the United States a Major Oil Producer
Fracking, the common term for hydraulic fracturing, has boosted U.S. domestic oil and gas production significantly, reducing the need for America to rely on import oil. This decrease coincides with...
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Year-End Investing in Oil and Gas for Tax Benefits
Qualified and approved investors choose to invest in oil and gas due to a number of reasons, but one of the most compelling ones is the tax benefits. This can...
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Investing in America’s Oil Independence
The United States controlled oil prices and was the world’s largest producer of oil up until the mid-20th century. OPEC, or the Organization of the Petroleum Exporting Countries then ruled...
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Forecasting the Price of Oil
Crude oil is a naturally occurring petroleum product extracted from oil wells and is a mixture of gasses and liquids, organic materials, and hydrocarbon deposits. As an essential source of...
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Oil and Gas and the Global Economy
Undeniably, oil remains to be one of the most important commodities worldwide. When converted into petroleum, it is the main energy source used in planes, vehicles, heating, electricity, and asphalt....
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The Role of Oil Inventories on the Crude Market
Oil prices, as well as the balance of supply and demand in the crude oil market, is influenced by oil inventories. One of the fundamental concepts of economics is the...
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Crude Oil: Influenced by Supply and Demand
From asphalt to plastics to fuel, oil is the king of commodities that is used in many different ways. As an economic powerhouse, the oil and gas industry and the...
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