Click here to close now.



Welcome!

News Feed Item

OilBoom USA and Inside Media Partners Trumpet 100-Year-Old Law Still Shaping Economic Future

Domestic Drilling Good for Americans, Not so Good for Competitors

SAN ANTONIO, TX -- (Marketwired) -- 07/11/14 -- InsideMediaPartners.com, a communications and consulting firm in San Diego, California, winner of (7) Edward R Murrow awards including the 2007 National Award for Overall Excellence, partnered in 2013 with OilBoomUSA.com to highlight the opportunities of owning an oil well in the United States.

OilBoomUSA.com, owned and operated by Nakoma Explorations of San Antonio, TX, offers partnerships for accredited investors to capitalize on a 1913 Federal law allowing for unprecedented tax deductions. What makes OilBoomUSA.com unique is that unlike investments in stocks or real estate, where losses are written off against capital gains, the OilBoomUSA deduction is against "ordinary income" such as wages, commissions, and partnership distributions.

Since 1913, the intangible drilling costs (IDC) tax deduction has allowed oil and gas companies to obtain capital for the huge risk of exploring and developing new locations of oil and gas. OilBoomUSA.com has fought to keep this deduction through several presidential budgets where it was targeted for defeat. This deduction is a critical incentive for oil and natural gas companies to continue to explore and develop new sites. For tax purposes, IDCs get special treatment. Usually, these costs must be capitalized and recovered over a period of time as opposed to being expensed in the year they are realized.

Under the 1913 exception, a partner can either expense or capitalize these costs if the gas or oil on property is located in the U.S. Expensing these drilling costs is critical for the exploration and development of new sources of oil and gas.

In addition, an energy research group is reporting that if Congress should reverse a 40-year ban on oil exports it would add more than $1 trillion to government revenues through 2030. The move would also trim fuel prices, and add an average of more than 300,000 jobs a year. The IHS report also said unlocking these exports would cause gasoline prices to fall some 8 cents a gallon because it would push crude onto oil markets and lower global fuel prices.

OilBoomUSA.com also points out that government revenues would rise above $1.3 trillion from 2016 to 2030, and jobs during that period, in both crude production and at oil field service companies, would rise an average of 340,000 a year and peak at an additional 964,000 in 2018.

Nakoma Exploration, LP, the parent company of OilBoomUSA.com, is a growth oriented, independent oil and gas company headquartered in San Antonio, TX. Finding oil and gas requires hard work, painstaking attention to detail, creativity and persistence. To that end, Nakoma depends heavily on the expertise of its industry partners whose success is the backbone of the US Oil Industry. Companies like Slawson Exploration, Unit Petroleum (UNT), Total Fina ELF, Brigham Exploration (BEXP) and Sempra Energy (SRE) work not just with us, but with you, the investor, to find and develop new sites that will not only benefit us economically, but keep America strong and safe for generations.

InsideMediaPartners.com
Inside Media is owned by Chip Franklin Media, a consulting firm specializing in content creation and branding. Inside Media, along with Strategic Global Investments, has created original images and words that appear in almost every form of media; from movies, television, radio and TV, to the speeches of US congressman and the comedy monologues of Saturday Night Live. Their writers and broadcasters have won numerous awards, including more than seven Edward R Murrow awards, 35 AP honors, and special recognition for political convention coverage. They also conduct extensive media training for Fortune 500 CEOs and other legal, medical and real estate professionals.

Media Contact:
Chip Franklin Media
122 15th St #1136 Del Mar, CA 92014
800.725.CHIP
858.353.7165

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
Most people haven’t heard the word, “gamification,” even though they probably, and perhaps unwittingly, participate in it every day. Gamification is “the process of adding games or game-like elements to something (as a task) so as to encourage participation.” Further, gamification is about bringing game mechanics – rules, constructs, processes, and methods – into the real world in an effort to engage people. In his session at @ThingsExpo, Robert Endo, owner and engagement manager of Intrepid D...
Advances in technology and ubiquitous connectivity have made the utilization of a dispersed workforce more common. Whether that remote team is located across the street or country, management styles/ approaches will have to be adjusted to accommodate this new dynamic. In his session at 17th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., focused on the challenges of managing remote teams, providing real-world examples that demonstrate what works and what do...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
With microservices, SOA and distributed architectures becoming more popular, it is becoming increasingly harder to keep track of where time is spent in a distributed application when trying to diagnose performance problems. Distributed tracing systems attempt to address this problem by following application requests across service boundaries, persisting metadata along the way that provide context for fine-grained performance monitoring.
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including clou...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
The maker of automated server migration software reports sales bookings increased 460 percent year-over-year and last week IDC forecast spending on public cloud services will grow to more than $141 billion in 2019. Seems (at last) we are at the tipping point where enterprises are adopting cloud in a big way opening opportunities for those who can help with the transition.
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.