Green Oasis Environmental, Inc. (GRNO) Message Board

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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)

GRNO 0.00

Dec 4 4:00 PM EST

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To: Hands Off who wrote (4125)	4/17/1997 1:03:00 AM
From: Norman H. Hostetler	of 13091

Marshall, are you referring to the recent four cents per gallon drop in the price of diesel? I can't think that an event so remote as the one you report would have any current effect, and as of today, the price has bounced back some. Gas and road diesel prices generally hit lows at this time of year because refineries have shifted over to summer production mixes, but the peak driving season hasn't begun yet. Also, world oil prices have dropped significantly from their February highs. With regard to GRNO's impact on the diesel market, IF GRNO succeeds in obtaining and processing 5/6 of the US waste oil, it will be making about 1 1/4% of the current US use of diesel--in other words, it will have virtually no affect at all on the price, especially since, by the time GRNO has the waste oil market in place, the demand for diesel will have increased significantly. Other refiners will hardly notice. =+=+=Norm

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