American Energy Developments

Elco Oil & Gas Assets

2009-10-09T20:00:00.000-07:00

Reporting & News

2009-10-07T14:54:00.000-07:00

When regulatory agencies fabricate or print hearsay stories which can arrive on Google, or other news outlets, with outright lies and deliberate intention to undermine, or discredit people, and in which they claim support actions taken against you or your company...don't believe it, and don't let others accuse you of any unsubstantiated charges...not without hearing both sides of the complete story, and all of the facts. Unless you are found guilty in a court of law you are still innocent in this country, at least for now. Government has lost all of its credibility based on its fanatical need to justify its existance, expand its power with even more convoluted bureaucracy, and extract more cash from us; with licensing charges & fees, a plethora of new regulations, or reliance on old, or outdated laws, and many more layers and layers of taxation, or those ways they use to get your money. They simply make-up rules, laws, or trumped-up allegations without merit in many cases, especially today to drown us with their methods of control and expansion of power. One of their favorite ways to kill small business is through the cease & desist, or cease & refrain actions designed to intimidate, or discourage a small business from funding from private sources. Since the government can't regulate exempt securities, or fine and tax them like they can public companies they simply want the small business to fail and die.

Governments

2009-10-07T14:50:00.000-07:00

Governments are simply about power & control through taxation and expansion...if you give them the power, and control over you, they can enforce whatever BS laws they want to pass to get your money. This is their prime directive, and purpose regardless of what they tell you.

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2009-10-01T12:53:00.000-07:00

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Oil is going to $100.00 per barrel...again...and here's why...

The Money Masters - How International Bankers Gained Control of ...

2009-09-27T21:16:00.000-07:00

The Money Masters - How International Bankers Gained Control of ...

If you want to really know more about your world, and why we are in debt...listen to every word of this three and half hour video with facts, and a history of the money changers, and how they have manipulated and now control the world economies including our own...it's powerful, and the best explanation for our current dilemma than I've ever seen anywhere, or through any media until now.

Entertainment Folks VS Corporate CEO's

2009-09-26T11:17:00.000-07:00

Make some comparisons between talk show and Hollywood entertainment types, and corporate CEO's. The entertainment types want to complain about the top 1% of the population who has the wealth, and use an argument they suggest while telling us capitalism, and the free enterprise system isn't working. Well, apparently its working for the entertainment talk show, and Hollywood types, as they make as much or much more than CEO's of major corporations. What hypocrites. These same people are in favor of socialism, or as Michel Moore suggests we need, or communism.

How about noting the experience, and ability to handle pressure corporate CEO's are hired for while they work to invent or create ideas which work, and keep them competitive, while our government sells them down the river with un-fair trade agreements, and inadequate tariffs. No American worker, or union would let the American worker work for pennies per hour. Now take a look at the corporate CEO's and their mandated or required accountability, and personal responsibility to make a profit, and take care of their workers, and stock holders, and don't forget, answer to their board of directors...bottomline, entertainment ratings, and quickness of tongue don't get it done in business, and the talk show hosts who benefit from the free enterprise system should be ashamed of themselves, but of course this won't happen with ego maniacs.

'A Relative Who Will Make It in the Majors'

2009-09-10T18:41:00.000-07:00

Another of several relatives who have or will play professional baseball...Dennis

Oil May Go to $100-$150 Per Barrel Soon

2009-09-08T13:06:00.000-07:00

https://reports.agorafinancial.com/OST_Oil_War/EOSTK919/landing.html?o=27050&s=28349&u=47265952&l=45928&r=Milo

2009-05-05T11:25:00.000-07:00

Investors who want to stay informed should review an excellent Newsweek article titled the "The Bias Against Oil & Gas' by Robert Samuelson...as this is the best article on the subject I've seen in 26 years. It pinpoints the where and what elements we are dealing with now, and covers the real 'reality' of our energy situation we all face in the US today.

http://www.Newsweek.com/id/195689

Should You Buy Stocks Now?

2009-04-15T18:52:00.000-07:00

http://www.whiskeyandgunpowder.com/

2009-03-28T11:16:00.000-07:00

http://finance.yahoo.com/tech-ticker/article/220827/Oil-Price-Spike-Coming!-Oil-Price-Spike-Coming!?tickers=OIH,XLE,XOM,CVX,BP

2009-03-25T13:00:00.000-07:00

http://www.whiskeyandgunpowder.com

Read the article Unsustainable for more insight into the reality of the oil & gas fundamentals.

'Small Business Needs of Government'

2009-02-08T11:35:00.000-08:00

Small businesses must demand our government, and congress respond directly to their needs and right now, if its true that 80% of the new jobs get created by small businesses in America. My God, this is the key to our recovery, don't you think? We continuously hear congressional members talk about what they believe business needs, or what we need...while they haven't a clue of what we really require and must have to successfully run a business. It must be nice to print more money, borrow more money, and never pay it back, or go into debt with everyone in the world. Of course, we won't get into the legislation, and laws getting passed we never get to read & review.

By the way, I'm not talking about so much of the yapping with a never ending stream of dogma, platitudes, and other academic nonsense ad nausea. Let's hear from people long out of school, who must daily do the myriad of daily tasks necessary for a business to succeed. I'm talking about people who actually implement the daily marketing and sales ideas they must constantly adjust to make work, and do so while they run businesses, and actually 'produce more than they consume'. Businesses must pay bills, pay-roll, and actually make a profit, while balancing their check-books. Lets see the government do this for change. In fact, the only way for the government to ever balance their books would be to allow the free-enterprise system to force the government to keep the books in the black! What do you think the chances are of this happening anytime soon?

Maybe the government ought to be forced to hear directly from 'pragmatic experts', or those businesses owners who regularly do make a profit, or go broke because of the policies of interference and taxes which are too high; and are doing so in the face of withering taxation, and greatly increasing government interference through excessive regulation, and in your face involvement in their lives. Don't you think a successful business owner might just know how and what it takes to succeed? Government fear entrepreneurs. The reason is simple, entrepreneurs get up early, and work late, and they do so while they use their brains 24 hours a day, and seven days a week. Our government employees don't get up everyday thinking about how they will make a profit, and keep their businesses going. Government officials wake-up everyday trying to figure out how to respond correctly to lobbying groups, and spend a lot of their time working on ways to get re-elected after their terms are over. This must be a lot of pressure for them.

When you are trying to build a business you take few vacations, and certainly don't take national holidays off. We need to get back to work and this isn't going to happen if half or more of the population is being supported by the half who works for a living. Actually, the number of entrepreneurs is shrinking, or moving out of the US. We've lost many of the most talented for ever. You can thank an overzealous, and loud minority of complainers, and our country's 'never do wells', and of course, our lobbyists who use the 'squeaky wheel gets the grease approach' to keeping the ear of the self-serving elected officials. These are the same selfish officials who want to continue being re-elected within our self serving government which grows by bureaucratic exponential leaps every minute, hour, and day.

We think a forum of small business owners should sit-down as a representative group and get at the truth however revealing and less than pretty this cathartic process will be. A professional recording studio should be hired to 'accurately document' these 'get to the truth' sessions by other than main stream media. We know as thinking men and women the mainstream media will simply 'sound byte' or filter the content of the talks by business owners with government officials. Small business owners should be allowed and encouraged to ask clear, and specific questions of our elected officials about how these government representatives are going to specifically assist them, or at best, get out of the way of small business. The government officials should be absolutely forced to answer every question, or be asked to leave the discussion group. We as the people should get to hear these tapes on any news or talk show that agrees to air the entire tapes without censure or edit to please a political or other agenda. The tapes should also be put on the Internet.

If our government, and congress plus of course the banks are required to work with business owners to solve our jobs, or debt problems, and they do this in the right spirit, we will be well on our way to economic recovery. At the very least the depression will be shortened, and the bloated aspects of our society, and the excesses will of necessity, and when the free enterprise system is allowed to work, get adjusted. Our biggest problem is worrying about being politically correct in any process we engage-in to deal with our problems of over-spending, seeing jobs and raw materials go overseas, and allowing our import/export laws be broken in the interest of internationalism, or because we fear being labeled protectionist. Let's just take care of our business, and our people for change. Finally, we can't spend more than we make, and we can't import more than we export.

2009-02-06T17:21:00.000-08:00

http://www.whiskeyandgunpowder.com

There is an excellent pedagogical or seminal report today by Bryon King about the history of our government's role in taking this country from recession to a deep depression. Depressing, but helpful, if you want to remove the puss, by breaking the scab, and letting clean blood flow out of an infected wound to allow the wound to heal.

Exxon Mobil sets record with $45.2 billion profit - Yahoo! News

2009-01-30T10:52:00.000-08:00

Exxon Mobil sets record with $45.2 billion profit - Yahoo! News

Here is a report with some perspective on profits, and pull-backs resulting from price drops, and a few comments about smaller oil & gas companies, and producers and how they are faring as well. A 3% reduction in available production supply is seen as troubling.

2009-01-26T10:41:00.000-08:00

Subject: A great quote!

"You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation." "You cannot multiply wealth by dividing it." The late Dr. Adrian Rogers, 1931-2005.

P.S. Look for punishment of various sorts, like higher & more taxes, when people quit paying taxes, and other miss-direction rhetoric, and public floggings & hangings next...the congress and the president will see to it.

2009-01-22T10:00:00.000-08:00

http://www.whiskeyandgunpowder.com/

Investors, and contrarians, and people who like to be ahead of the curve when making investments. This report called the 'The Coming Oil Backdraft' gets into a no nonsense story about current oil fundamentals, and does so without promoting a sales idea. The author is using logic when talking about oil pricing, demand, and what happens when producers, or drilling stops because of low prices. In other words, it tells you why we are where we are right now with current oil pricing, and whats going to happen in the future when oil surplus runs low. Producers or drilling is cut-back when prices are down, however, even though demand may slow down, it doesn't stop. You then see the same whipsaw effect of higher prices when available oil supply goes down. This occurs because we haven't had an energy policy in this country for over 40 years, and we can't seem to stabilize oil prices at constant levels. D.

E-Day! The Forever Collapse of CHEAP OIL

2009-01-19T12:33:00.000-08:00

E-Day! The Forever Collapse of CHEAP OIL

You practical, or pragmatic contrarians may want to read this very sobering report, and forecast...at least read it to see how we use oil for so many purposes. DWS.

'Does the Government or Their Employees Tell the Truth?'

2009-01-16T12:52:00.002-08:00

Most of us who are thinking people are well aware how our government, or really it's employees including its lawyers, always expect, and demand the truth from all of us, while they require we regular people always 'tell the truth'. Do you believe they tell the truth? Why should they when they can hide with relative ease, and impunity behind their badges, and government posts while being protected from even being identified in some cases by us.

The hypocrisy we're dealing with today with government is beyond belief for this writer. A government who big corporation lobbyists court, and placate, has an obvious 'conflict of interest' as they both consort together with outrageous, and obvious duplicity, while they work 'hand in glove' to steal our money through higher prices for goods, and services, and with layer after layer of taxation, and even higher taxes. The shear audacity of the bullies in our government is really best seen when they try to deny, or cover-up their mistakes, or worse, get the media to do this for them. What cowards.

Meanwhile, lobbyists continue to represent the large 'exempt' corporations and banks, who by the way, get away with selling 'exempt from registration' securities, without proper sanctions in place, such as insurance for questionable investment products such as certain mortgages sold in the secondary markets, or for hedging, or gambling with our money...This whole mess simply stinks of both Draconian, and Machiavellian corruption. I guess its really every man for himself, except the government has all of the weapons, that is to say the Legislative, Executive, and Judicial Power. Washington D.C. seems to be a snake pit of the worst sorts of our land. The folks in Washington have learned they can get what they want without any sanctions while the attorneys, and the liberal media help them make it all happen. Why for example can't we get any legislation to limit the many frivolous and ridiculous cases trial lawyer file? You know what Shakespeare said, "First we kill all the lawyers."

The government and its employees with their sweet 'cradle to grave' pay-checks, paid holidays, paid health care, and pension plans just love to scare, sanction, or prosecute the smaller companies and little guys who ostensibly haven't policed themselves properly, but these government workers, and their lobbyist cronies are working for the big corporations where they normally have immunity from any real exposure like a businessman does. They know where their bread is buttered. That is to say unequivocally, they work for big business, and the government is in bed with them. I know it can be worse. The word 'bully' or dictator comes to my mind for some reason... some governments simply kill anyone who can read, write, or is educated. I spent some time in Cambodia during the Pol Pot regime, and can attest to this approach Pol Pot used against his own people before he was led out into the jungle, and was never heard from again.

Here is my question...who makes sure the government is telling the truth? The media? Right! The justice department, Right! How do you sue the government for defamation of character, or for questioning and destroying a person's integrity without evidence, or for slandering a person on the Internet by leaking or posting an inaccurate story on the net, especially if you are the little guy, or own a small company without the vast resources of the government to defend yourself? What if you don't have, or can't pay enough money, or you don't want your investors to have to pay a lawyer to set the record straight with a regulatory body, or someone working for a state agency who goes after you? This is a real problem, especially when the state agency decides to single a person out without due process, or without all of the facts, or more importantly refuses to report both sides of the story. What if this same state agency simply decides to use the media to report a story that is false to advance their own false assumptions, and their lies. Should we ask Joe the Plumber how to do it?

A lawyer once told me who had been a valedictorian in his Gonsaga Law School Class in Spokane, Washington. He said to me. "Dennis always follow your heart, and if you have difficulty figuring something out...its always about the money." Sort of like 'Occam's Razor', which is the principal in philosophy and science that assumptions introduced to explain a thing must not be multiplied beyond necessity, and hence the simplest of several hypotheses is always the best for accounting of unexplained facts. In other words if everything is in a state of flux, or unknown, just look at the most obvious solution, because this is usually the best answer. In the case of the government, its about their survival as they see it and want it, and about perpetuating the growth of more bureaucracy. The government and its lackeys do this while minimizing the productivity of hard-working businessmen who own small businesses, or with constant harassment of the citizens who are productive, and who make possible... the un-checked expansion of more an more government, and of course more laws. Seems like a vicious circle to me...but most seriously, when is the last time you met, or had to deal with a government employee who was comfortable with taking a risk? Any Risk? But they often can and do like to posture, and assert their authority while getting 'in your face'. Do you think you could succeed in business or sales with this attitude?

I feel the need to tell the other side of a story using a current example without naming names about the miss-use of a state's power by an individual working for a state, and then reporting in a newspaper or print story which is patently untrue, and doing so while falsely reporting, and using intimidation to distort the record to advance their agenda, or to justify their existence maybe?

My companies have been in the business of looking for and finding oil & natural gas for about 26 years now. We've had our good investment programs, and our difficult ones where we failed to meet our expectations of success at finding or recovering enough oil & gas to pay-out our investors over time. However, we drilled our new wells and completed our development objectives, often on expensive acreage where we were able to drill, and which were often previously owned by some of the biggest oil companies in the world. We hired petroleum engineers, geophysicists, geologists, and other experts to evaluate our prospects by researching the historical production record, and through well control analysis, and our own extensive experience in the areas we develop, we were able to make the best decisions we could to determine where to drill our new wells, sometimes deeper than 10,000' wells...yet we are said to be 'scam artists', and only re-entering 'capped wells', and not disclosing to our investors who we were, or what the risks are. (We put about 25% of our own money in the project in this case I'm referring to in our so called 'scam deal'...I suppose this doesn't count either.) By the way who made the state an expert on whether to open-up capped natural gas wells when natural gas prices haven risen 10-20 times in the last 25 years and oil is still up nearly 400% since a low it reached in about 1982-1983? I know of many companies, and operators who've re-entered plugged wells and have established successful commercial production of oil & natural gas over the years. These oil & gas people were able to apply newer technology, and take advantage of higher oil & gas prices to make this happen. I don't know about you, but I see government agencies who are always losing documentation, contracts, tax returns, and other important records continuously. I've never gotten an apology, or payment for my costs in supplying government agencies with copies of materials they've lost.

Apparently, we still have certain folks working for state regulatory agencies who haven't figured-out that oil & gas investments are risky. What planet are these people living on? Do they ever leave their offices and come-out to the oil fields? I would think not, nor do I think they understand 'risk' as the rest of us know it and experience it on a daily basis in our lives. This reminds me of Jack Nicholsen's quote, "Debate me, how can you debate me, you haven't opened your eyes in 20 years!" Why else would you hide in a office and be satisfied with a government check? As we say in the military, never turn-down a combat assignment as an officer. We combat veterans have a saying, "if you can't stand the heat of combat, stay in the rear with the gear'" Is there anyone out there who still thinks there isn't risk associated with drilling for oil & gas? I'm talking about people over the age of 21. Most of my investors are accredited, sophisticated, and qualified according to the securities rules, and they darn well know the risks. Yet we can read in the story I'm referring to that somehow these wealthy investors who visited our CPA's offices, and our development sites, and reviewed our files, and records somehow didn't know the details of our offers and the risks involved when investing. BS I say....by the way I will be working on Monday's national holiday for federal employees, and the government gets to take-off. DWS.

Odd News - Eternal flame only lasts until gas bill arrives

2009-01-10T17:54:00.000-08:00

Odd News - Eternal flame only lasts until gas bill arrives

I guess we veterans, and people who put their butts on the line in defense of America are a bit expensive and a nuisance for the government at times...

Why Crude Oil Will Present Investors with a Golden Opportunity in 2009

2009-01-05T08:59:00.000-08:00

Why Crude Oil Will Present Investors with a Golden Opportunity in 2009

Investors, this report covers the bases about oil, and the key arguments for investing now in oil & gas. Logic, reality, and history support the decision to take advantage of the opportunity to position your self in this basic 'we cannot do with out supply of energy' which is used for so many things in our world. There is an energy reality we must live with for now, and one we want to create in the future. Right now, our energy reality dictates the continued use of oil and the search and recovery of it in sufficient quantities to meet our immediate needs.

Ideal Governance Is The Lack Thereof

2008-12-30T08:58:00.000-08:00

Ideal Governance Is The Lack Thereof

I must confess to liking Henry David Thoreau...here is an article from some of his ideas about government.

Whiskey and Gunpowder features articles on gold, oil, currencies, energy, emerging markets, profits and freedom.

2008-12-29T10:08:00.000-08:00

Whiskey and Gunpowder features articles on gold, oil, currencies, energy, emerging markets, profits and freedom.

Whither the Oil Markets? Oil prices staying down? Who are we kidding...this is an excellent article from Bryon King, a former staff member of the Chief of Naval Operations. Mr. King is an attorney, and an expert on world oil & gas fundamentals.

'Real Returns vs. Ponzi Scheme'

2008-12-20T15:02:00.000-08:00

Dear Readers, some investors seem to have a problem these days with figuring out how to identify the classic 'ponzi schemes', or as defined by Webster's Dictionary, "A swindle in which a quick return on an initial investment paid out of funds from new investors lures the victim into bigger risks." In other words the money from new investors pays the older investors their inflated, and falsely high returns. Everything is fine until someone who does do his homework ends-up blowing the whistle, or what eventually happens is, enough people begin to connect the dots, and discover key aspects of the deal which don't add-up, and the house of cards falls down. It's usually a pretty basic & simple reason, which is the most galling part of the discovery. The game is over, investors now run to their big brother to save them. The big brother by the way is the government or the lawyers. Remember this, the government and the lawyers are in it for the money too. Please don't forget this point. My experience with the regulatory folks is they like to punish, are normally late in acting when there is a complaint of a problem, and they are only interested in the criminal aspects, and not the part the investors are most concerned about which is to get their money returned, or a least a big part of it.

Why do quick and big returns capture the investors interest so completely they bite for this type of scam or scheme? I have a theory about the reason. Could it be investors are overly greedy, and want to be lured by the excitement of the offer, and simply lose restraint, and throw caution to the winds? Maybe its because investors don't want to take the time to verify a deal, and get the evidence to support the quick, and usually fairly large rates of return being offered by the ponzi scheme artist?

Typically, a ponzi return is all about making annual returns of 40% or more based on my research over the years. The returns promised seem to be enough to beat most returns you ever make when owning your own business, and much larger than most mutual funds can ever consistently achieve. Also, the quick returns promised, and those your friend tells you he is getting, are better than stocks & bonds, or most any other 'passive' investment you can make. Hence the attractiveness.

Since I have talked with and done business with private investors for nearly four decades now, I have another observation to make about why investors fall victim to scams. Investors like to see fast results, and if they have a friend who gets paid quick returns, they think this means they will also get the same results. While this might seem reasonable to expect, it doesn't take into account the responsibility of each investor to do his own research and due diligence. It would seem to me the set-up of a ponzi scheme plays into the emotions of the investor, and excuse me for saying say so, the complacency or laziness of the investor.

Peter Lynch, the former Fidelity Magellan fund manager would make visits at the companies he was interested, and analyse these companies, and the people in the organizations engaged in a particular industry before investing the larger sums required with large managed funds. Mr. Lynch wanted to be sure of his company picks, and make certain he was doing his homework & due diligence, and by doing so, he became very good at identifying the marginal companies, or those companies who were not going to be profitable within the time frame needed for him to justify making the investment.

Most diversified, or multi-well oil & gas drilling programs involve; investing-in, and building extensive infra-structure, which often take you about two years before you start making money in these programs. If you don't think mid to long term as an investor in oil & gas drilling programs, and you don't make enough money to be pulling your hair-out while you are paying a large amount of federal, state, and other taxes, private oil & gas drilling programs are not your best way to go. A few of the problems, or reason for delays are being able to secure enough funding from private investors which can take time. Another time consumer, is analysing & buying the right leases, and clearing titles, getting drilling permits, and very importantly, finding people you can trust to do the job right the first time. Finding the specific equipment which is owned by field personnel who can get the job done, and not have them pull-off the job to satisfy another company who needs their rig is a challenge. Its especially so these days. We have equipment breakage issues, labor problems, competence, and a lack of experience of laborers. We are now seeing defective parts such as down hole pumps that are poorly constructed, or have cheap parts which are made in a country we've been exporting our manufacturing requirement.

There are some good people engaged in our industry who know how to use their equipment, and the upside for investors can still be a good one, if you are in the right deal with the right people. Low oil & gas prices mean we can get the drilling & completions done for less money, and if you have leases with the recoverable reserves, the upside is still there. Add-in the great tax write-offs, and you have something worth considering, and adding to your portfolio.

The History of Investing In Oil - A Daily Reckoning White Paper Report

2008-12-16T11:19:00.000-08:00

The History of Investing In Oil - A Daily Reckoning White Paper Report
An excellent report with research about where we'll find the next big gas deposits in the US.