The demand for oil in the United States is greater than what it can supply domestically. That is why the country has to rely on major oil exporters like the Middle East, Russia and Venezuela to fill in the lack of oil, though there are numerous deposits throughout the country like the one in the Bossier City Shale. As a result of constantly interacting with its exporters, the US has also come to realize how important foreign relations are in ensuring the constant flow of imported oil into the country.
The US oil industry is also greatly affected by the movements of oil prices and conflicts within and outside OPEC, or the Organization of Petroleum Exporting Countries. OPEC holds the largest market share in the global oil market at 81%, subjecting the United States to oil prices that are beyond its control. However, movements within the organization, like a member country engaged in a conflict with another country, could result in price changes and a reduced rate of oil production.
The United States oil industry has always aimed to become less dependent on exporting countries and has set a goal to be energy independent by 2030. While OPEC has been filling in the huge void where US lack in terms of oil, the country has also sought its own potential to increase the supply of oil by tapping its own reserves. New drilling and exploration technologies led the country to access huge reserves of oil that were previously unreachable as well as renewing drilling efforts in the South which can be seen throughout Bossier City’s oil wells.
Big, medium and small-sized oil companies also play crucial roles in ensuring the sustainability of domestic oil production. Huge companies are more likely to tackle the bigger oil projects to ensure the replacement of depleted wells. These large companies also boost their portfolio by acquiring the medium-sized companies. The smaller companies take on oil projects that the corporations deem too small to be economically viable. This leaves a lot of money on the table for savvy businessmen with a keen eye for potential oil investment opportunities.
Oil in Bossier City
Bossier City’s history is steeped in the oil and gas industry going all the way back to the early 1900s when an enormous crude oil deposit was discovered in the Bossier Shale Deposit. The ensuing rush caused an enormous spike in the city’s population making it one of the first oil-boom towns in the South and a major player in the industry for decades to come. This momentum hasn’t stopped either as Bossier City is still home to numerous oil companies.
Oil & Gas Investment Concerns
If you are very concerned about your oil investment, then you have a very valid concern. Over the years, we’ve heard about people losing their money or not getting the agreed returns.
There have been stories about investors not hearing back from the oil company after they hand in their share. Some also report that they’re not getting monthly paychecks despite the promise of the oil well performing well.
Other concerns range from getting dry holes despite the oil company’s claim of excellent track records; fees and tax deductions which were not in the written agreement that seemed to materialize in thin air; revenues that never came and investors not getting the amount they were promised.
These concerns usually creep from other investors’ experiences and from the trauma left behind by fly-by-night oil brokers. Sad to say, these illegitimate companies know very well how much money isat stake when a person makes an investment and they usually prey on unsuspecting individuals with their high pressure sales pitches.
Bossier City Oil & Gas Companies
Investing in oil and gas promises lucrative returns and being concerned about investing your hard earned money into this investment vehicle is only natural. There’s a lot of money on the table. It’d be strange if you weren’t concerned. Fortunately, there are a few honest oil companies around Bossier City where you can safely invest your money. The FREE Insider’s Guide to Oil & Gas Investing also walks you through the various investor concerns and ways to offset them. It is a guide that will help you evaluate an investment offer by a company based on their track record, rate of success, structure and points of deal. With the US striving towards energy independence, investing in oil & gas in Bossier City is where the smart money is.