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Investing in gas and oil specifically can entitle you to a quantity of tax benefits. These advantages can vary from tax credits for prospecting and beginning of specific formations air max 95 for sale , to large upfront reductions for intangible drilling costs (IDC). The reductions are given out for the examining level, completion of the well and the expense of devices or companies rendered through the drilling process, which are not salvageable. By investment directly in oil and gas, some of the tax benefits which a company is likely to receive consist of:

Depletion Allowance-When a well commences productions air max shoes for sale , investors can keep some of the revenues based on the sale of gas or oil. The investors do not have to pay tax for this first gross income. The tax benefits are made possible via a depletion reduction. Investors can take advantage of 2 kinds of depletion: statutorypercentage depletion and cost depletion.

Depreciation Tax Benefits-While some assistance and materials have no savage benefit through the drilling period of the gas and oil well, the tools used to accomplish the well as well as which employed in generation is frequently salvageable. This devices generally depreciates over a seven year time period based on the Modified Accelerated Cost Recovery systems (MACRS). Instances of equipment that fall in this grouping include pumping units, well head and tree tanks, and casings. The cost for such instruments and tangible completion commonly amount up to 25% to 40% of the total price of the well.

Intangible Completion prices Tax Benefits-These are mainly related to fees incurred throughout the finalization time period. Such charges are commonly not salvageable air max for sale online , for example finalization rig time, labor, fluids and others. The prices commonly amount to about 15 percent of the total price of the well and are generally deduced at the end of the tax year that they were incurred.

Intangible Drilling charges (IDC) Tax Benefits-When a gas or oil well is drilled, there are a number of charges which can be deducted instantly. All these are non salvageable charges if or not oil or gas will be located in the well. Some examples of all of these charges consist of drilling fluids air max for sale , drilling rig time, labor between others. The IDCs normally amount to Sixty Percent to 80 % of the total cost of the well. Investors generally have to supply part of their investment for drilling purposes before the drilling operation start off. Tax benefits are applied to this portion of the investment at the end of the tax year through which the intangible prices were incurred.

Individuals and organisations that directly invest in oil and gas prospecting and production are entitled to a variety of tax advantages. Such advantages typically come at the end of the tax year and can be applicable to both salvageable and non salvageable equipment and cots.

Georgette Adanas has been writing articles or reviews on tax benefits since 2004.

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Bitcoin economics has not changed

YOU DON'T HAVE TO BUY A WHOLE BTC BITCOIN! Each bitcoin is equal to 100 million Satoshis, making a Satoshi the smallest unit of bitcoin currently recorded on the blockchain. Think of the Satoshi as the “cents” part of bitcoin. But unlike a penny that represents 0.01 USD, Satoshi represents roughly 0.00000001 BTC — or bitcoin to its eighth decimal.

Bitcoin forecast to 2029

Time model tends to forecast lower bound to prices. Stock-to-Flow model is a better model, click chart above to see details. It incorporates the halvings and better represents the monetary policy of Bitcoin. Hype cycles are expected around each halving as investors anticipate the price appreciation. Bitcoin has a fixed supply (maximum 21 million Bitcoins), therefore it cannot be devalued by central bank money printing (so called Quantitative Easing, QE). Bitcoin is also decentralised, meaning no single authority can control it. It has existed on the Internet for 10 years from 2009. It will be the money of the machines and Internet. Also described as digital gold due to its scarcity and high value.

This is a good short article that explains, why Bitcoin? Why Bitcoin?

The Stock-to-Flow Bitcoin charts above are referenced from

Dynamic stock and flow diagram, click for explanation on Wikipedia

HELP KEEP ADVERTISING FREE! The search engines, Google, Bing, etc. who make money from advertising, refuse to give a fair listing and ranking to this site. This is a form of censorship and unfair business practice by those large corporations who control the gateways to the Internet for their profit. If you want free advertising and believe in an open Internet for everyone, you can help to spread the word by sharing on social media. You will benefit by increasing the number of people who see your messages!

Pay with BtcPay, Self-Hosted Bitcoin Payment Processor

Please support this free ads service. Enter your donation amount above in US$ and click Donate button. It takes you to BTCPay to pay in Bitcoin. Keep advertising free for users of!

It also helps keep Bitcoin money decentralised, because BTCPay contains a full node for validating each payment. You do not need to trust a centralised light weight wallet, third party or bank with your money. We can help you set up BTCPay for your website too, just contact us!


Why Your Business Should Use a Full Node to Accept Bitcoin

You can also donate to us with ether at Ethereum address mysittingbourne.eth. See us on the Ethereum (ETH) blockchain Click here.
Be Your Own Bank
Bitcoin (BTC) is the people's money, owned by the people for the people. Not by a bank or country. What are you waiting for?

It gives you control of your money (individual sovereignty). Preserve your savings; they will increase in value over time. Easily send money anywhere. Government's can't take it! What are you waiting for? Get a free Bitcoin wallet today or, run your own full node.

If you do not know where to start, install a Mycelium or, Electrum wallet.

Jameson Lopp video explaining advantages of running your own Bitcoin Full Node, click here

Jimmy Song video explaining advantages of running your own Bitcoin Full Node, click here

Run your own Full Node and help the Bitcoin (BTC) network. Be Your Own Bank! There are currently (May 2018) about 138,000 full nodes globally. About 10,000 of these are listening for outside connections on the P2P network.

As people suddenly realise they don’t own their data on Facebook, how will they react when they realise they don't own the money in their bank accounts either?

The good news is government can't take your Bitcoin in your own full node. Not by legalised theft (inflation), nor by government bail ins. Realise that fiat money, $, €, ¥, £, yuan, Venezuelan Bolívar, Argentine Peso, Zimbabwean Dollar, etc. is crashing! In the last 100 years, all fiat currencies have lost 97-99% of their purchasing power, reducing your standard of living.


What is a Full Node?

Download Bitcoin Core

Instructions for running your Full Node of Bitcoin Core

Instructions for running your Bitcoin Full Node under Tor for anonymity, privacy and security of your money in your own bank.

With a Full Node behind the Tor network, your Full Node is difficult to trace.

You also can use a VPN for encryption of your Bitcoin transactions (can be used with or without Tor).

For VPN, the PCMAG Editor's Choice is NordVPN, click here.NordVPN

With a Bitcoin Full Node protected by VPN and / or Tor, you have complete control of your own private electronic bank. Anonymous like cash, but electronic, instant, unlimited by space time and appreciating in value.

Live map showing reachable nodes in listening mode on the Bitcoin network. Add yours to the map!

Video explaining The Halving (Litecoin/Bitcoin). Another reason why Bitcoin and Litecoin prices will increase significantly!
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Bitcoin transactions in real time, live from the blockchain:

For an imaginative audio visualisation of the Bitcoin blockchain from, see bottom of Mysittingbourne home page here. The base sound announces the creation of another block. A block is like a page in a book or ledger. Unlike a database that can be altered, it is a permanent, incorruptible record of value transactions on the blockchain. Pure mathematical truth!

Bitcoin digital gold

As more and more people are turning to physical gold, so they are turning to Bitcoin digital gold.

Bitcoin is trustless and decentralised. Like gold, it has limited supply. It can never be over-printed and devalued by a government. You can transfer funds anywhere, almost instantaneously and at much lower cost than bank transfer.

Don't have a bank account? Want to spend your Bitcoin anywhere that accepts bank cards? Want to use an ATM to access your Bitcoin in local currencies? No problem! Spend your Bitcoin with a Visa debit card accepted almost anywhere.
Click here and sign up for your Bitcoin Visa debit card from SpectroCoin.

The SpectroCoin debit card is recommended by WeUseCoins. Click here to see their comparison of Bitcoin debit cards.

If you do not know about Bitcoin, a good place to start is by getting a free wallet from,, or

bitcoin price chart

Physical Gold


Protect yourself and family from central bank currency debasement and inflation in asset prices, housing, food. There are rising levels of financial, economic and geopolitical risk in the world. In the last 100 years, all currencies have lost 97-99% of their purchasing power. Some believe that the final move to zero will take place in the next few years.

Currency debasement through money printing is the destruction of fiat money purchasing power - $, €, ¥, £, yuan, Venezuelan Bolívar, Argentine Peso, Zimbabwean Dollar...

True inflation and cost of living is currently 8% higher than the government reports. Real wages are falling rapidly and most people are taking out more and more debt to make ends meet. Only the wealthy minority and banks benefit from the current system.

Protect yourself. Buy physical, allocated gold, silver, platinum online and store it in safe vaults outside your jurisdiction (Switzerland, UK, USA, Canada and Singapore) or, at home. Physical gold has limited supply. Buy before the panic!

Look what happened in Cyprus (2013), Greece (2015) and Spain (Catalonia 2017). The lesson is that the money in your bank account is not really yours. It can be taken or frozen by the government just when you need it. Maybe it is not a good idea to keep too much money in the bank, especially when the next financial crisis comes!


BullionVault is the world's largest online investment gold service taking care of $2 billion for more than 65,000 users. Even small amounts of metal can be bought and they have the lowest costs.

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