According to the Energy Information Administration (EIA)<\/a>, the world\u2019s daily consumption of oil has increased dramatically from 85 million barrels of oil per day in 2005 to over 100 million barrels per day in 2019.<\/p>\n<\/div><\/li> U.S. Drilling technology and efficiency has improved dramatically over the past 10 years. We can drill faster, farther, and into oil and gas reserves we couldn\u2019t get to before.<\/p>\n<\/div><\/li> The objective of most of these types of programs is to establish long-lived oil and natural gas reserves via a developmental drilling program. Developmental wells are wells drilled in proven oil and gas areas where the risk of drilling a dry hole is reduced.<\/p>\n<\/div><\/li> Our affiliate\u2019s oil and gas investment programs can provide investment participation in numerous horizontal wells in prime drilling areas within the U.S.<\/a><\/p>\n<\/div><\/li> Many of these programs offer a significant tax deduction. These deductions can vary, depending on how the program is structured. You should consult your tax professional if you have questions about how this works.<\/p>\n<\/div><\/li><\/ul><\/div><\/div>