Investing In Oil And Gas For Profit And Tax
Money Tree Investing
Money Tree Investing Podcast
4.6 • 732 Ratings
🗓️ 17 March 2023
⏱️ 61 minutes
🧾️ Download transcript
Summary
Investing in oil and gas holds more benefits than you might think. Not only can you profit from a successful well, but you also get the tax benefits.
There are reasons so many people are drilling for oil. We discuss those reasons on the show as well as where the oil and gas sector is going in the next decade.
Today's Panelists:
- Kirk Chisholm | Innovative Wealth
- Barbara Friedberg | Barbara Friedberg Personal Finance
- Douglas Heagren | Pro College Planners
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For more information, visit the show notes at https://moneytreepodcast.com/investing-in-oil-and-gas-rj-burr
Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:11.1 | Hello, Smart Money Tree podcast listeners. Welcome to this week's show. My name's Kirk Chisholm, |
| 0:15.2 | and I'll be your host. So today, I'm talking with Jay Burr. How you doing today, Jay? |
| 0:20.5 | Hi, I'm doing terrific, Kirk. How are you doing today, Jay? Hi, I'm doing terrific. |
| 0:21.3 | How are you doing today? |
| 0:22.4 | Doing well. |
| 0:23.2 | He also goes by RJ, which we had a little talk about what he prefers. |
| 0:26.6 | And it might go back and forth in the show, just keep on his toes. |
| 0:29.5 | So you have three older sisters and your dad wants to name me after everybody in the family. |
| 0:35.7 | You have to come up with something. |
| 0:37.3 | Got to be original, that's right. |
| 0:38.6 | Absolutely. |
| 0:39.4 | So, Jay, tell us a little bit about your background. |
| 0:41.5 | You're in the oil space. |
| 0:42.6 | So tell us a little bit about your background, how you get into that space. |
| 0:45.1 | Some kids grow up watching their dad's practice law. |
| 0:47.7 | Some kids grow up watching their dad's practice medicine. |
| 0:49.6 | I watched my dad in the oil and gas business. When I was seven years old, I remember him load me up in the car and |
| 0:54.4 | you know the go to work with Dad Day. And that was my day to go to the field. And we went to |
| 0:59.1 | Luling, Texas. And I don't know if you've ever been to Luling, but Luling has a distinct smell to it. |
| 1:04.4 | And when I got there, I really didn't know what that smell was. And I'm, you know, sniffing around to the dad, what is that? He said, baby, that's the smell of money. I didn't quite understand it at that point in time. And then he took me to the field. |
| 1:15.2 | And I saw all these pump jacks. You know, the metal horses that go up and down. I saw all these |
... |
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