Green Oasis Environmental, Inc. (GRNO) Message Board

STOCKTALK

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 0.00

Nov 20 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Zeev Hed who wrote (8488)	1/20/1998 3:30:00 AM
From: Michael T Currie	Read Replies (2) of 13091

> Mike, in the very short term (3 to 6 months) do you think that crude could break $16 (West Texas) due to declining demand in the rim Hi Zeev, Personal opinion? I think there is a pretty good chance for a spike or two down below $16, but it won't stay there. The reality of the situation is that Far Eastern countries will still require feedstock and energy sources even in declining economies. 1 million barrels per day (+/-) could be removed from demand out of a total worldwide consumption of something like 65 million bbl per day. This last is probably not completely accurate, as I am doing it from memory.That doesn't translate to an extended 20% drop in prices in my mind. I am also assuming that these economies will be sorely stressed rather than heading for complete meltdown. What I can say for sure is that we have been asked to review but not change our economics on some of our upcoming projects. BP is very conservative when it comes to economic projections anyway, so most of our developments are expected to cross the internal hurdles on $16 oil. Keep in mind the source of these opinions. I ordinarily work on very large, long term projects that should be completely unaffected by near term price fluctuations. There has been no hint that we should rein in the costs. Well, gotta go. Off to sunny Pau (at the base of the French Pyrenees). It is one of the compensations of working with the mad French. They serve an excellent lunch as well <g>. Mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next