SOURCE: IO News Wire

IO News Wire

January 05, 2010 04:00 ET

(OTC: USOG) Tops Last Year's Sales

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.

NEW YORK, NY--(Marketwire - January 5, 2010) - United States Oil & Gas (PINKSHEETS: USOG) announced yesterday that December sales for Turnbull Oil are up over 22%.

Several analysts on Wall Street as well as oil and gas researchers feel that the floor for crude oil in 2010 will be $70 a barrel, and gas, due to its surplus, will not break $8.50 (mmBTU). If this pricing theory holds true, US Oil & Gas should continue to see revenue growth as they build their customer base and grow the company organically and through acquisition.

To handle the increased demand, the company's pending acquisition has added twenty new gas storage tanks. Buy adding increased capacity, US Oil & Gas can time purchases of fuel to avoid short term price swings which will further increase profits.

For more information on US Oil & Gas, please visit www.stocksource.us/usog.html

Other active stocks are Western Refining (NYSE: WNR) Las Vegas Sands Corp (NYSE: LVS) and Fuel Systems Solutions (NASDAQ: FSYS)

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