Oil: A big investment with big tax breaks

When it comes to tax-advantaged investments for wealthy or sophisticated investors, one commodity continues to stand alone above all others: oil. With the U.S. government’s backing, domestic energy production has created a litany of tax incentives for both investors and small producers, and oil is no exception.

Several major tax benefits are available for oil and gas investors that are found nowhere else in the tax code. Below, we’ll cover the benefits of tax- advantaged oil investments and how you can use them to fire up your portfolio.


Read full article:  https://www.investopedia.com/articles/07/oil-tax-break.asp

Source:  Investopedia

China-U.S. Ceasefire Paves Way For New LNG Projects

News broke on Saturday that the U.S. and China had reached a ceasefire in its ongoing trade war after President Trump met with Chinese President Xi Jinping at the G20 summit in Argentina.

According to the White House, the U.S. will still keep in place $200 billion of tariffs on Chinese imports but will not increase those tariffs from 10 percent to 25 percent after the start of the year as originally planned. The deal will also keep, at least for now, Trump from placing another $267 billion worth of Chinese goods under tariffs.

Click here to read the original article: https://oilprice.com/Energy/Natural-Gas/China-US-Ceasefire-Paves-Way-For-New-LNG-Projects.html