My largest asset and largest source of income is working interest ownership of oils production. The producing wells are in America (Texas), therefore it is not possible to take my money and move it out of the country. Thankfully inflation will not be a problem. Please comment on the possibility that I might lose! all or part of my asset to seizure, outrageous taxes or other methods.
Dear Daniel L.,
Both seizure and outrageous taxes are a real possibility. The Obama regime is the most hostile regime ever toward domestic energy production. In his Cabinet are people who are aligned philosophically with Venezuela’s Hugo Chavez, who has seized many domestic industries. The Obama regime has pushed openly for cap-and-tax and “windfall profits” legislation in a direct attack on energy production. If Obama is re-elected and a Democrat majority in both House of Congress results from the November elections, your assets will be in real danger.