Investing in U.S. oil and gas developments is one of the few tax shelters available to employees and self[employed business owners. Currently, you can receive a tax deduction in the year you invest amounting to as much as 80% of your investment. So, if you invest $100,000 in a project, you may get a deduction of $80,000 this year. (Please speak to a qualified tax advisor before you invest as there is planning that must be done to be able to get this deduction).

Lynn would like to know if I have any good books describing Oil and Gas investments. At this time, I don't. I believe that my friends at Reef Oil and Gas are working on just such a book. I have also encouraged them to consider doing a class for Rich Dad Education on oil and gas investing. If you are interested in contacting Reef, please call our office at 866.467.5809 and we can get you over to them.

Warmest regards,

Tom