SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Dec 4 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Hawkmoon who wrote (8134)12/6/1997 10:11:00 PM
From: Charles A. King  Read Replies (1) of 13091
 
Ron, I did catch something a few days ago to the effect that Iraq would stop shipping oil allowed by the UN, maybe to protest the restricted level. Saddam detects growing sympathy for the horrendous conditions he forces the Iraqi people to exist under and decided to stop shipments to bring the situation to a head, I guess. Anyway, I think he changed his mind again and is officially shipping oil again. But he could change his mind any day and the Turks know it.

He ships oil out through Jordan in tanker trucks to get the money to maintain his regime. He also now smuggles oil out along the Iranian coast within Iranian territorial waters with the cooperation of Iran. Iran must get a good percentage of Saddam's take as payment, similar to the old robber barons along the Rhine. But this smuggling is to pay for his Republican Guard to maintain themselves in the manner they are accoustomed so they will protect Saddam.

Turkey would like to be free of the Iraqis' threats, I'm sure. The crude from the Caspian region should take care of that, but that is years away. GRNO can help them a little now, so that should be incentive to do a deal with Maneks, and therefore GRNO.

Charles
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News