From Investor To Operator: New Book Provides Roadmap To Energy Wealth
Rich Tabaka releases 'How to Invest in Oil' with Forbes Books.
Oil and gas investing has long been a pathway to financial success for those who
understand the industry's unique opportunities. In How to Invest in Oil, entrepreneur and oil industry expert Rich Tabaka shares the knowledge and strategies that took him from an investor to successfully managing his own energy firm.
How to Invest in Oil demystifies oil investing, providing clear insights into tax advantages, risk management, and maximizing returns. Tabaka offers a firsthand look at the industry, from evaluating drilling opportunities to understanding the technical aspects of exploration. Through compelling stories from the Kansas oil fields, he illustrates the challenges and rewards of energy investing, giving readers the tools to navigate this high-stakes world with confidence.
Designed for high-net-worth individuals, financial advisors, and investors looking to diversify their portfolios, How to Invest in Oil breaks down the key considerations of entering the industry. Readers will learn how to identify viable investment opportunities, minimize financial risk, and leverage tax incentives to maximize profitability. Tabaka's transparent approach ensures investors have the knowledge needed to make informed decisions in this often misunderstood sector.
'Whether you choose to invest in oil or not, you should now have a clear understanding of the industry's inner workings,' Tabaka said. 'I believe the opportunities for oil are endless, and I love every part of being involved in this work.'
This book is an essential resource for those looking to tap into one of the most lucrative areas of alternative investments. The opportunities are waiting—start your journey today.
This release is posted on behalf of Forbes Books (operated by Advantage Media Group under license).
About Rich Tabaka
Rich Tabaka is the founder of Allied Resource Partners, a Denver-based oil and gas company specializing in tax-advantaged investment opportunities. From his beginnings as the son of Polish immigrants to managing multimillion-dollar drilling operations, Tabaka has built his career on transparency, due diligence, and investor success.
He launched his company after personally experiencing the challenges and rewards of oil investing, and today, he oversees drilling projects across Kansas. With a background spanning real estate, construction, and energy ventures, Tabaka is committed to educating others on the benefits and risks of oil and gas investments. When he's not leading drilling operations, he enjoys time with his wife, Audrey, and their two sons.
About Forbes Books
Launched in 2016 in partnership with Advantage Media Group, Forbes Books is the exclusive business book publishing imprint of Forbes. Forbes Books offers business and thought leaders an innovative, speed-to-market, fee-based publishing model and a suite of services designed to strategically and tactically support authors and promote their expertise. For more information, visit books.forbes.com.
Media Contacts
Forbes Books Media Contact: Elisabeth Lynch, elynch@theauthoritycompany.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Engadget
2 minutes ago
- Engadget
This Anker 10K Qi2 magnetic power bank is on sale for $60 right now
A power bank with a wireless charging option is a very handy device for anyone who's typically on the go. It's probably worth having a fully charged one on hand in case of a power outage too. Anker makes some of our favorite power banks, and one with a Qi2 charging function and 10,000mAh capacity is currently on sale. You can snap it up for $60. That's a 25 percent discount on the list price of $80. It is also the lowest price for this model so far in 2025. The power bank is currently available in four colors for this price: black, green, pink and white. A portable power bank from Anker that supports Qi2 and MagSafe charging has dropped to its lowest price of 2025 thus far. $60 at Amazon This particular model doesn't feature as a top pick in our roundup of the best power banks. Anker charging gear is solid for the most part, though the company did recently issue recalls for certain older models. In any case, this MagGo Power Bank offers 15W wireless charging that can top up an iPhone 16 Pro's battery from zero to 30 percent of its capacity in 25 minutes, according to Anker. When you plug a USB-C cable into the power bank and an iPhone 16 Pro, the brand claims that you can charge the phone to 50 percent of its battery capacity in 26 minutes. It has enough juice to charge an iPhone 16 1.75 times over, an iPhone 16 Pro 1.71 times and an iPhone 16 Pro Max 1.33 times, per Anker. You can also fully charge the power bank's battery in about 2.5 hours. Follow @EngadgetDeals on X for the latest tech deals and buying advice .
TechCrunch
2 minutes ago
- TechCrunch
OpenAI launches two ‘open' AI reasoning models
OpenAI announced Tuesday the launch of two open-weight AI reasoning models with similar capabilities to its o-series. Both are freely available to download from the online developer platform, Hugging Face, the company said, describing the models as 'state-of-the-art' when measured across several benchmarks for comparing open models. The models come in two sizes: a larger and more capable gpt-oss-120b model that can run on a single Nvidia GPU, and a lighter-weight gpt-oss-20b model that can run on a consumer laptop with 16GB of memory. The launch marks OpenAI's first 'open' language model since GPT-2, which was released more than five years ago. In a briefing, OpenAI said its open models will be capable of sending complex queries to AI models in the cloud, as TechCrunch previously reported. That means if OpenAI's open model is not capable of a certain task, such as processing an image, developers can connect the open model to one of the company's more capable closed models. While OpenAI open-sourced AI models in its early days, the company has generally favored a proprietary, closed-source development approach. The latter strategy has helped OpenAI build a large business selling access to its AI models via an API to enterprises and developers. However, CEO Sam Altman said in January he believes OpenAI has been 'on the wrong side of history' when it comes to open sourcing its technologies. The company today faces growing pressure from Chinese AI labs — including DeepSeek, Alibaba's Qwen, and Moonshot AI —which have developed several of the world's most capable and popular open models. (While Meta previously dominated the open AI space, the company's Llama AI models have fallen behind in the last year.) In July, the Trump Administration also urged U.S. AI developers to open source more technology to promote global adoption of AI aligned with American values. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise on August 7. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW With the release of gpt-oss, OpenAI hopes to curry favor with developers and the Trump Administration alike, both of which have watched the Chinese AI labs rise to prominence in the open source space. 'Going back to when we started in 2015, OpenAI's mission is to ensure AGI that benefits all of humanity,' said OpenAI CEO Sam Altman in a statement shared with TechCrunch. 'To that end, we are excited for the world to be building on an open AI stack created in the United States, based on democratic values, available for free to all and for wide benefit.' (Photo by) Image Credits:Tomohiro Ohsumi / Getty Images How the models performed OpenAI aimed to make its open model a leader among other open-weight AI models, and the company claims to have done just that. On Codeforces (with tools), a competitive coding test, gpt-oss-120b and gpt-oss-20b score 2622 and 2516, respectively, outperformed DeepSeek's R1 while underperforming o3 and o4-mini. OpenAI's open model performance on codeforces (credit: OpenAI). On Humanity's Last Exam, a challenging test of crowd-sourced questions across a variety of subjects (with tools), gpt-oss-120b and gpt-oss-20b score 19% and 17.3%, respectively. Similarly, this underperforms o3 but outperforms leading open models from DeepSeek and Qwen. OpenAI's open model performance on HLE (credit: OpenAI). Notably, OpenAI's open models hallucinate significantly more than its latest AI reasoning models, o3 and o4-mini. Hallucinations have been getting more severe in OpenAI's latest AI reasoning models, and the company previously said it doesn't quite understand why. In a white paper, OpenAI says this is 'expected, as smaller models have less world knowledge than larger frontier models and tend to hallucinate more.' OpenAI found that gpt-oss-120b and gpt-oss-20b hallucinated in response to 49% and 53% of questions on PersonQA, the company's in-house benchmark for measuring the accuracy of a model's knowledge about people. That's more than triple the hallucination rate of OpenAI's o1 model, which scored 16%, and higher than its o4-mini model, which scored 36%. Training the new models OpenAI says its open models were trained with similar processes to its proprietary models. The company says each open model leverages mixture-of-experts (MoE) to tap fewer parameters for any given question, making it run more efficiently. For gpt-oss-120b, which has 117 billion total parameters, OpenAI says the model only activates 5.1 billion parameters per token. The company also says its open model was trained using high-compute reinforcement learning (RL) — a post-training process to teach AI models right from wrong in simulated environments using large clusters of Nvidia GPUs. This was also used to train OpenAI's o-series of models, and the open models have a similar chain-of-thought process in which they take additional time and computational resources to work through their answers. As a result of the post-training process, OpenAI says its open AI models excel at powering AI agents, and are capable of calling tools such as web search or Python code execution as part of its chain-of-thought process. However, OpenAI says its open models are text-only, meaning they will not be able to process or generate images and audio like the company's other models. OpenAI is releasing gpt-oss-120b and gpt-oss-20b under the Apache 2.0 license, which is generally considered one of the most permissive. This license will allow enterprises to monetize OpenAI's open models without having to pay or obtain permission from the company. However, unlike fully open source offerings from AI labs like AI2, OpenAI says it will not be releasing the training data used to create its open models. This decision is not surprising given that several active lawsuits against AI model providers, including OpenAI, have alleged that these companies inappropriately trained their AI models on copyrighted works. OpenAI delayed the release of its open models several times in recent months, partially to address safety concerns. Beyond the company's typical safety policies, OpenAI says in a white paper that it also investigated whether bad actors could fine-tune its gpt-oss models to be more helpful in cyber attacks or the creation of biological or chemical weapons. After testing from OpenAI and third-party evaluators, the company says gpt-oss may marginally increase biological capabilities. However, it did not find evidence that these open models could reach its 'high capability' threshold for danger in these domains, even after fine-tuning. While OpenAI's model appears to be state-of-the-art among open models, developers are eagerly awaiting the release of DeepSeek R2, its next AI reasoning model, as well as a new open model from Meta's new superintelligence lab.
Skift
2 minutes ago
- Skift
AI & Airfares, Loyalty Program Trends, Travel Demand Outlook: Ask Skift's Top Questions
Delta says it's not using AI to set fares for individual travelers, but the criticism hasn't gone away. Here are three of the most popular questions our answer engine Ask Skift 2.0 fielded recently. Why Is Using AI for Airfares Controversial? Delta Air Lines said during its most recent earnings call that it plans to use AI to price up to 20% of domestic fares by the end of the year. The backlash was swift. The concern is that Delta could leverage personal information — everything from browsing history and income to a personal crisis — to charge one passenger more than another. Senator Ruben Gallego, a Democrat from Arizona, called Delta's use of AI for airfares "predatory pricing." Former Federal Trade Commissioner Lina Khan said on a podcast that using AI to set airfares could lead airlines to exploit personal circumstances to maximize revenue. One hypot
