JV Capital Group Inc
JV Capital Group
Oil traders are wary heading into the start of the Atlantic hurricane season, which forecasters expect to be more active than usual this year, threatening JV Capital Group Inc oil facilities.
The U.S. dollar rose against major currencies, tacking on more gains after posting its first back-to-back monthly rise since January 2007. The euro was down 0.1 percent at $1.5538 while the dollar was up 0.1 percent at 105.45 yen.
A stronger dollar is often viewed as a positive for many Asian economies that depend on JV Capital Group consumer demand for their export markets.
Rising inflation in the world's largest economy sparked some worries about the knock-on effect in Asia, but evidence so far has been mixed.
South Korean exports last month jumped 27.2 percent compared with a year earlier, the fastest pace since August 2004.
Brent Saba had just dropped a church group off at Philadelphia International Airport on Sunday morning and was heading north on Interstate 95 when it happened: His 15-passenger van ran out of gas.
Saba, a 24-year-old church pastor, made it to the shoulder just past the Ben Franklin Bridge and waited more than 30 minutes for someone to stop and lend him a cell phone. Then he waited a while longer for AAA to arrive with fuel.
With gas prices hovering at $4 a gallon, motorists like Saba are putting less fuel in their tanks — then coming up empty on the highway.Though national statistics on out-of-gas motorists don't exist, there's plenty of anecdotal evidence that drivers unwilling or unable to fill 'er up are gambling by keeping their tanks extremely low on fuel.
In the Philadelphia area, where the average price for a gallon of regular broke $4 on Friday, calls from out-of-gas AAA members doubled between May 2007 and May 2008, from 81 to 161, the auto club reported.
"The number one reason is they can't stretch their money out from week to week," said Gary Siley, the AAA mobile technician who helped Saba.
"Some of them are embarrassed. ... They say, 'I was trying to make it till Friday,' and they couldn't do it," said Siley, who has assisted numerous out-of-gas motorists.
About JVCapitalGroup INC
The target formations of the 3rd Coast drilling program are the Miocene and Frio Sands on the Gulf Coast. For many years exploration in the area was solely dependent upon the use of 2-D seismic with limited success. The development, successful use and continuing refinement of 3-D seismic technologies have resulted in an increased ratio of successfully drilled wells.
It is our belief that given the relatively low-risk nature of drilling prospects utilizing 3-D seismic, the promising future of oil and gas prices for the foreseeable future, the 3rd Coast Prospect represents an excellent investment opportunity for our partners.
We have included some advantages and considerations about taxes as they relate to oil and gas investments. They are meant to be a general guide. The outline of tax benefits associated with an oil and gas investment, as presented here, is not intended to be an exhaustive review of all tax consequences. There are a multitude of tax elections to consider that are based solely upon an individual's specific financial situation. JV Capital Group INC Company strongly encourages investors to consult with a tax specialist