What Oil Stocks to Invest In as Fracking Takes Off Shared by Online Article - YAHOO! What Oil Stocks to Invest In as Fracking Takes Off Shared by Online Article - YAHOO!

Wednesday, May 30, 2012

What Oil Stocks to Invest In as Fracking Takes Off Shared by Online Article - YAHOO!

What Oil Stocks to Invest In as Fracking Takes Off Shared by Online Article - YAHOO!

Find out what oil stocks to invest in that will cash in on the fracking boom with the "Sideways Oil" Special Report.

Austin, TX (PRWEB) May 30, 2012

Absolute Wealth is informing people on what oil stocks to invest in as America and the rest of the world begins to reap the benefits of the advanced super-drilling procedure. Fracking is accessing the hidden oil reserves found in underground shale rock, and today’s AbsoluteWealth.com article said that it’s producing more fossil fuels than any other technique that came before it.

Since the article said global energy use is expected to spike by 53% by 2035, the demand for a reliable source of energy will only increase. Fracking will be the key to that source, and the new Special Report from Absolute Wealth will be the key to finding the investment success hidden within the fracking industry.

“Sideways Oil: How “Fracking” is Re-Establishing the US as an Oil Power and How You Can Profit” is now available to Independent Wealth Alliance members as the go-to guide for the new wave of oil investments. It highlights several fracking stock plays that hold strong earning potential as businesses establish themselves in the hottest energy sector to arrive in years.

More so than green energy and the disappointing investment trend that followed, fracking represents a new way to supply the world with one of the most crucial resources found on Earth, said the article. Besides food and water, what could possibly outweigh oil in daily importance?

Some have developed a love-hate relationship with fracking, as the process is increasingly blamed for a number of possible risks to water supplies, air quality, and even earthquake frequency. Despite what some may assume, fracking is no less dangerous than the traditional drilling methods that have been going on for generations, said the article.

Fracking isn’t going to slow down anytime soon, but the article said it will be paid close attention as regulations begin to be implemented. As companies learn how to work within the guidelines and become more efficient and productive, the odds of their stock increasing in price will progressively improve, said the article.

Absolute Wealth is an expert team of real investors and advisors devoted to identifying winning strategies for exceptional returns. Members subscribe to the Independent Wealth Alliance for professional investment analysis and recommendations on the latest trends and progressions. For more information and subscription instructions, visit AbsoluteWealth.com.

The online article said Absolute Wealth’s “Sideways Oil” is a valuable resource; it details specific companies in position to take advantage, and distinguishes between the investments that are truly promising and the ones that merely appear so. It suggested learning what oil stocks to invest in as fracking fuels a whole new oil boom for the United States.

Paul Norwine
AW Research Publishing, LLC
Email Information

Scottish independence impact on business to be debated - bdaily.co.uk

A Scottish commercial law firm is set to take part a debate that will tackle some of the unanswered questions surrounding the effects on business of an independent Scotland.

Tods Murray LLP will be on the panel at the event at BBA in London on Thursday, which is chaired by senior business editor, James Ashton.

He will be joined by a panel of high profile individuals, including the SNP’s Treasury spokesman, Stewart Hosie MP; Professor Jo Armstrong, an economist from the Centre of Public Policy; and Dr Hamish Patrick from Tods Murray LLP.

The panel will share views on an independent Scotland, and the possible ramifications this could have on the wider economic landscape, in particular the banking community.

Dr Hamish Patrick, said: “Clients both north and south of the border have been asking us what independence would mean in reality for them, beyond the constitutional niceties and the big picture issues.

“They want to know how their businesses would operate in the new environment – and about the opportunities and threats arising from that environment – so they can work out how Scotland fits in with their UK and broader business strategies.”

Stewart Hosie, MP said: “Independence matters because without it we do not have the powers to reach our potential.  

We are limited in what we can do to create jobs, grow our economy and help the vulnerable.  To achieve this we shouldn’t have a constitution that restrains us, but one which frees us to build a better society.

“Under independence, Scotland would take its place as a responsible member of the international community while continuing as a friend and good neighbour to the other nations of these islands, continuing the strong social union which will always bind us together.”

London financial stocks track Spanish woes - Financial Times

May 30, 2012 9:05 am

Business and pleasure travel write-offs - Yahoo Finance

Taxes » Tax Deductions » Tax Help For Business, Pleasure Trips

You really need a break, but it's been a tough year for your business and you're not comfortable spending money on vacation travel. Let Uncle Sam help pay for your business trip. When you tack on personal vacation days to the beginning or end of a business trip, your out-of-pocket costs could be minimal since much of the business portion of your travel could be tax-deductible.

The pairing of corporate and vacation travel is easier for self-employed business owners. But employees also can take advantage of combined personal-business trips.

The key, as with anything tax-related, is substantiating that you followed IRS rules.

Ordinary, necessary expenses

The IRS has no problem with business owners deducting legitimate expenses. As long as the travel benefits or advances your business, you can write off ordinary and necessary expenses.

What's considered ordinary and necessary? That depends, says the IRS, on the facts and your circumstances. In general, an ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your business.

Under these standards, deductible travel expenses typically include hotels, meals, entertainment and round-trip travel to meet with existing or potential out-of-town clients.

Convention and seminar costs also could be deductible as long as the conferences specifically relate to your business or profession or help improve your career skills. That's why so many professional groups hold conventions in vacation spots like Orlando, Fla., or Las Vegas.

Getting there

Traveling to a business meeting obviously is work-related and the IRS doesn't really care whether you get there a few days early or hang around for a bit after your business is concluded.

Since you had to travel anyway, you can deduct the cost of your transportation as a business expense when you file your company's taxes. This applies to both auto travel as well as airfare.

"If the primary purpose is business, you don't have to apportion it even if you spend some personal time," says Barbara Weltman, tax attorney and author of "J.K. Lasser's Small Business Taxes 2012."

In fact, when you fly for business purposes and extend your stay to get a reduced fare by, for example, spending a Saturday night at your destination, the associated stay-over costs usually are deductible, too, even though you have no business meetings that extra day.

The cost of travel by bus, train or auto, either your own car or one you rent, also is deductible. But don't try to slip in the price of airfare if you got your ticket via frequent flier miles.

Timing is everything

Many people set up out-of-town meetings for late one week and early the next. "That basically requires you be in town, but you have the weekend to yourself," says Maria Mercedes R. Infante, an Orlando, Fla.-based CPA.

Be sure, though, that you don't extend your personal stay too long. In order to deduct your transportation costs, your trip must be primarily for business. You do get to count your travel days as business, but carefully calculate the overall work-to-pleasure ratio.

If you spend three days getting to and meeting with clients, but bookend the travel with five extra days for sightseeing, the IRS will consider your trip more for fun and disallow your travel deductions.

Lodging costs

Your hotel costs while conducting business also are deductible. Here, too, you need to differentiate between the portion of your stay that was personal.

For the extra days you stay to enjoy a location's recreational offerings, you cannot deduct those hotel charges.

Don't try to get cute here. The IRS frowns on counting a full day as business if you simply schedule a quick breakfast meeting with a client and then spend the other 23 hours on your own. In this case, that night's lodging will come out of your own pocket, not as a deduction on your tax return.

Eating out

Speaking of eating, closing a deal over a meal is a time-honored business practice, but the IRS only helps out so far here.

Generally, you can only deduct 50 percent of your business-related meal costs. That limit also applies to your individual meals on business travel.

As for that breakfast business meeting, it isn't a total tax loss. Even though it isn't likely to get you the full day for lodging deduction purposes, you can include the morning meal's costs -- subject to the 50 percent limit -- with your client as a deductible expense.

Miscellaneous expenses

When collecting your travel, hotel and meal receipts, be sure to note other miscellaneous expenses, too. Many of these work-related costs also are deductible.

You can write off taxi fares to and from the airport (or other transportation hubs, such as a train or bus station), as well as local fares from the airport to your hotel. And don't forget the cab costs from your hotel to your business meetings (and back).

If you shipped work material to your meeting destination, that expense is deductible. So are the extra charges you incur for business calls while on your trip, as well as Internet connection fees.

If your trip lasts longer than you planned, dry cleaning and laundry fees paid to make you look presentable also are deductible.

Taking family along

If you want to make a real mini-vacation out of your next business trip, take the family along. Just be prepared for more diligent record keeping.

Your spouse's and children's expenses won't be deductible unless they work for your company and are involved in the out-of-town business meetings. The tax code will, however, pay for at least part of your expenses. In some cases, that could be more than you expect.

Take lodging. When you share a room, the charge for added occupants typically is not double the fee for one guest. That means that for the days you conduct business, most of your family-shared room will be deductible.

And while only your airfare is deductible if you fly, when you drive to your out-of-town meetings, the mileage is fully deductible even with your family along for the ride, says Weltman.

It also works for employees

If you are an employee, you also might be able to take advantage of company travel for a bit of a personal break.

"Make sure you follow the company policy," says Infante, who previously worked in the finance offices of several large corporations. This means keeping receipts and documenting the business portion of the travel, she says, since many firms base their employee travel policies on tax code guidelines.

Also keep in mind that the rules are somewhat different when business travel is outside the United States. In those cases, you still might be able to deduct some travel expenses, but check with your employer or your own company's tax adviser beforehand to ensure that the trip abroad goes smoothly on personal, business and tax levels.

More From Bankrate.com

Asian Stocks Drop as Euro Slides to a Two-Year Low - Bloomberg
Enlarge image Asian, European Stocks Decline as Euro Slides to Two-Year Low

Asian, European Stocks Decline as Euro Slides to Two-Year Low

Asian, European Stocks Decline as Euro Slides to Two-Year Low

Simon Dawson/Bloomberg

The euro has lost 5.8 percent this month, headed for its largest monthly drop since September.

The euro has lost 5.8 percent this month, headed for its largest monthly drop since September. Photographer: Simon Dawson/Bloomberg

May 30 (Bloomberg) –- Peter Tchir, founder of TF Market Advisors, talks about U.S. stocks, the euro-zone debt crisis and investment strategy. Tchir also discusses Facebook Inc.'s share price with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)

May 30 (Bloomberg) -- China has no plan to introduce stimulus measures to support growth on the scale unleashed during the depths of the global credit crisis in 2008, according to the nation’s state-run Xinhua News Agency. Stephen Engle reports from Beijing on Bloomberg Television's "On the Move Asia" with Rishaad Salamat. (Source: Bloomberg)

May 30 (Bloomberg) -- Andrew Sheng, president of Fung Global Institute and chief adviser for the China Banking Regulatory Commission, talks about the outlook for the Chinese economy and the euro-zone debt crisis. Sheng speaks with Susan Li, Rishaad Salamat, Zeb Eckert and Mia Saini on Bloomberg Television's "Asia Edge." (Source: Bloomberg)

May 30 (Bloomberg) -- Michael O’Sullivan, head of portfolio strategy at Credit Suisse Private Banking, talks about Europe's sovereign debt crisis and the implications for global financial markets, and his investment strategy. He speaks from Sydney with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

May 30 (Bloomberg) -- David Forrester, a currency strategist at Macquarie Bank Ltd., talks about the impact of Europe's debt crisis on the euro and the outlook for the Australian dollar. Forrester speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

Enlarge image Asian Stocks Drop as Euro Approaches Two-Year Low

Asian Stocks Drop as Euro Approaches Two-Year Low

Asian Stocks Drop as Euro Approaches Two-Year Low

Tomohiro Ohsumi/Bloomberg

Pedestrians are reflected in an electronic stock board outside a securities firm in Tokyo. The MSCI Asia Pacific Index is headed for a 9.9 percent decline this month, which would be the biggest loss since May 2010, amid signs of a deepening slowdown in China and as

Pedestrians are reflected in an electronic stock board outside a securities firm in Tokyo. The MSCI Asia Pacific Index is headed for a 9.9 percent decline this month, which would be the biggest loss since May 2010, amid signs of a deepening slowdown in China and as Photographer: Tomohiro Ohsumi/Bloomberg

Stocks (MXAP) dropped, the euro weakened to a two-year low and Spain’s default risk rose to a record as the country struggled to recapitalize its banks. Italian bonds fell before a debt sale, while oil headed for its biggest monthly decline in almost four years.

The MSCI All-Country World Index (MXWD) slid 0.6 percent at 9:40 a.m. in London. Spain’s IBEX 35 dropped 1.3 percent as Bankia SA lost 4.3 percent. Standard & Poor’s Index futures retreated 0.7 percent. The euro depreciated 0.4 percent to $1.2451, while the yen strengthened against its 16 most-traded peers. The yield on the 10-year Italian bond jumped 10 basis points and the Spanish 10-year yield rose to a euro-era record relative to German bunds. The S&P GSCI gauge of commodities fell as much as 0.9 percent to the lowest level since Oct. 11.

Europe needs to take steps to help “debt sustainability,” Spanish Prime Minister Mariano Rajoy said today. Italy plans to sell as much as 6.25 billion euros ($7.8 billion) of bonds today, testing investor demand at a time when Europe’s debt crisis shows signs of worsening. Economic confidence in the euro area probably fell to the lowest level since November 2009, economists said before a European Commission report today.

“Spain looks to have gotten to the point where it cannot bear the burden alone,” David Mackie, chief economist at JPMorgan Chase & Co. in London, wrote in a report. “The Spanish government recognizes the need for burden sharing, but it does not want the kind of burden sharing that was made available to Greece, Ireland and Portugal.”

ECB Rejects Bankia Plan

The Stoxx Europe 600 Index (SXXP) declined 1 percent as 10 shares retreated for every one that gained. Bankia has tumbled 31 percent in three days. The European Central Bank rejected a Spanish plan to recapitalize the state-owned lender, the Financial Times reported. Booker Group Plc advanced 8.7 percent after agreeing to buy Metro AG’s Makro U.K. wholesale unit.

The retreat in S&P 500 futures indicated the U.S. gauge will pare yesterday’s 1.1 percent rally. Research In Motion Ltd. slid 7.6 percent in German trading as the maker of the BlackBerry smartphone forecast a surprise operating loss for the first quarter and hired banks to advise on strategic options.

A report from the National Association of Realtors today will probably show pending home sales in the U.S. were unchanged in April after rising in the previous three months, a Bloomberg survey of 42 economists showed. The Labor Department is scheduled to release its monthly employment report on June 1.

Euro Weakens

The euro fell to the weakest against the dollar since July 1, 2010, and slid 0.6 percent versus the yen for its seventh consecutive decline. The Dollar Index (DXY), which tracks the U.S. currency against those of six trading partners, rose 0.2 percent to the highest since September 2010.

Credit-default swaps on Spain climbed 15 basis points to 575.5, helping drive the Markit iTraxx SovX Western Europe Index of swaps on 15 governments five basis points higher to 318.5.

The yield on the 10-year Italian bond jumped 12 basis points, approaching 6 percent, before the nation sells as much as 6.25 billion euros of 2017 and 2022 securities. Spain’s 10- year yield climbed 11 basis points, with the spread over bunds widening to as much as 523 basis points, or 5.23 percentage points. The yield on the German 10-year security fell two basis points to 1.339 percent, the lowest on record.

The 10-year U.S. Treasury note yield fell three basis points to 1.71 percent.

Crude for July delivery decreased as much as 1.1 percent to $89.75 a barrel in electronic trading on the New York Mercantile Exchange. A report tomorrow may show stockpiles climbed to the highest level since 1990 in the U.S. Prices are down 14.4 percent this month, the biggest drop since December 2008.

Natural Gas Slides

Natural gas futures fell, sliding as much as 12 percent in four days, on forecasts for cooler weather in the U.S. Northeast that may cut power-plant demand. Copper declined 1.3 percent and gold retreated 0.4 percent to $1,549.63 an ounce, set for a fourth monthly decline. That would be the longest losing streak since 1999.

The MSCI Emerging Markets Index (MXEF) slid 0.9 percent as benchmark gauges in Russia, Turkey and Taiwan fell at least 1 percent. The Hang Seng China Enterprises Index (HSCEI) of Chinese companies listed in Hong Kong dropped 1.8 percent after Xinhua News Agency said yesterday that China has no plans to introduce stimulus measures on the scale seen during the global financial crisis. India’s Sensex Index declined as Tata Motors Ltd., the country’s largest automaker, sank 11 percent after its main Jaguar Land Rover unit posted earnings that missed analysts’ estimates.

To contact the reporters on this story: Stephen Kirkland in London at skirkland@bloomberg.net; Jason Clenfield in Tokyo at jclenfield@bloomberg.net;

To contact the editor responsible for this story: Justin Carrigan at jcarrigan@bloomberg.net

No comments: