Oil & Gas Economics with John Engel

Episode: Oil & Gas Economics with John Engel

December 14, 2023

WealthAbility for CPAs #112 – Do our clients understand how their oil and gas investments actually work? Why is it so important to broaden our economic literacy to best serve them? In this episode, John Engel joins Tom in exploring the current climate for oil and gas investments, economic and ethical considerations for you and your clients, and a deeper understanding of how to make their investment portfolio work for them.

Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/

SHOW NOTES:
00:00 – Intro
05:59 – Oil Supply & Demand: What to expect in 2024.
10:40 – Percentage drop if gas powered vehicles are taken out of the economy?
15:00 – Tax Benefits in Oil & Gas: Intangible Drilling Costs
19:30 – What is percentage depletion?
25:05 – What is the ROI for oil from horizontal drilling?
33:00 – Recognize Red Flags: How do you determine if the people you’re working with in the oil industry are legitimate?
40:00 – Don’t scare away your clients. Instead create and leverage a team of experts.