Reliable Energy, Inc. is an oil and gas company with the vision to see opportunities that others miss. We acquire low risk oil and gas producing properties and we develop them to their fullest potential by utilizing cutting edge technology. We re-enter and refurbish existing wells and drill new ones to maximize the total production from our properties.
Our mission is to continue to increase production from our wells while taking advantage of the tremendous tax benefits provided by the current tax code. We constantly monitor events at the national, state and local levels to keep abreast of any changes that may affect us and our industry partners. The management team of Reliable Energy provides customer service which is second to none, period.
Today, the oil and gas industry is working hard to provide for America’s energy needs. According to the Energy Information Agency (EIA) oil consumption in the United States will increase nearly 2% every year between now and 2025; that’s an increase from 80 million barrels of oil per day to approximately 119 million barrels per day. The EIA also states that by the year 2025 natural gas will eclipse oil as our primary source of energy in the United States and consumption worldwide will increase by 54%. EIA studies conclude over the next twenty years U.S. demand for natural gas will rise by 50% while domestic production at its current rate will increase by only 14%. These projected increases in demand will challenge our industry as it has never been challenged before.
All markets, including Oil and Gas, are cyclical. In recent times, volatile price swings have been caused by price manipulation by OPEC which have been followed by supply gluts. Today’s high prices are caused by insatiable demand. The super-charged economies of China and India are straining world supplies of crude oil and natural gas. This is a phenomenon that is likely to continue with Asia’s two economic powerhouses growing at double digit rates. The majority of experts, including Alan Greenspan, see tight supplies for the foreseeable future. While the masses complain about high energy prices, the savvy investor will see the opportunity and profit by it. Reliable Energy has positioned itself to take advantage of this environment of opportunity in the oil and gas industry.