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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO) -- Ignore unavailable to you. Want to Upgrade?

To: Charles A. King who wrote (10633)	7/5/1999 12:18:00 PM
From: Charles A. King	Read Replies (2) \| Respond to of 13091

When the OPEC production cuts were announced in late winter, analysts predicted that to make a meaningful effect on the stored surplus overhanging the oil market, there would have to be at least 75% compliance with the agreed cuts. The Iranian OPEC governor says compliance is now running at 93%. Brent has actually reached the low end of OPEC's target range and there is some talk now of meeting to actually relax the quotas because of concern of overshoot. Not all producers would want to do that because they haven't recovered from the damage done to them by the price crash. But Asian demand is picking up, and there should be some concern about damaging the budding recovery by causing too great a shock to the fragile nature of the Far Eastern economies. dailynews.yahoo.com Clearly there can be no reason to not start operating the plant. Diesel and heating oil prices will only trend higher in coming months. Charles