The Problem and Your Opportunity
90% of US Oil production comes from small businesses, and the competition is dying off. Upstream O & G is a Grandfather Industry taught from generation to generation. Through a combination of acquisitions, estate transition, diversification, and inadequate succession planning, significant contributors to US Energy independence are leaving the market without being replaced.
Summit understands this issue, and with a strategy to mitigate risk, has the formula designed to exceed industry “status quo” returns.
Market Conditions and Demand
Oil Demand is stable and sustainable. The U.S. consumes approximately 7.3 billion barrels annually, and only 28% of total U.S. energy consumption is used to transport people and goods.
Oil Is Necessary
Without Oil
Essential for Healthcare
There would be no healthcare lifesaving products such as pacemakers, MRI machines, IV bags and tubes, surgical instruments, monitors, and stethoscopes.
Critical Daily Life Items
No items critical to daily life, such as prosthetics, hearing aids, glasses, and contact lenses.
Foundation of Pharmaceuticals
No soaps, antiseptics, aspirin, or lifesaving pharmaceuticals are used by emergency care doctors and physicians.
Source of Everyday Byproducts
Other Byproducts from oil refining include plastics, lubricants, waxes, tars, and even asphalt for our roads. Nylon, polyester.
Powering Transportation
All forms of transportation, including the manufacturing of planes, trains, cars, boats, bikes, scooters, skateboards, and even electric cars, require oil and natural gas (products and components).
Smart Investing in Oil and Gas
Unlock Tax Advantages with Oil Investments
The US government incentivizes investors to drill for oil; the tax code offers significant incentives to encourage domestic production, which reduces dependence on foreign oil, creates jobs, and spurs economic growth. In the case of intangible drilling cost; as much as 85% of your investment can be tax-deductible, and 15% of annual production revenue can be tax-free.