Tax Benefits of Domestic Oil
“Oil and natural gas produced from domestic reserves helps to make our country more energy self-sufficient by reducing our dependence on foreign imports. The USA imports more than 60% of its daily crude oil requirements. In light of this, Congress has provided tax incentives to stimulate domestic natural gas and oil production financed by private sources (high net worth individuals). Fossil Oil’s drilling ventures offer many tax advantages to qualified individuals. These tax saving benefits greatly enhance the economics to our investors. These incentives are not “Loop Holes” — they were placed in the Tax Code by Congress to make direct participation in oil and gas ventures one of the best tax advantaged investments, as well as, hedge against rising inflation.”
Dennis R. Kittler – President
