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

GRNO 0.00

Nov 13 4:00 PM EST

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To: Charles A. King who wrote (10497)	3/23/1999 1:03:00 PM
From: Charles A. King	Read Replies (3) of 13091

Oil exporter data that stuck with me: Pledged Latest cuts: Saudi Arabia 585 (thousand barrels a day) United Arab republics 157 Kuwait 144 Qatar 47 Iran 264 Venezuela + Mexico 125 each = 250 Oman 63 Norway 100 Nigeria 148 Libya 96 Inonesia 93 Algeria 58 Russia 100 _______________________ Total 2,105,000 barrels per day production cut, March 23, 1999 Year ago OPEC production 27.289 million barrels per day July, 1998 24.692mbpd March 23, 1999 22.976mbpd total cut 4.313mbpd, 15.8% cut from original agreement of October 1997 Various estimates: Current world demand 75 million bpd overproduction before March, 500,000 bpd world excess inventory as much as 500 million barrels, maybe 300 mb annual growth in world demand 1 million bpd Charles

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