Silicon Investor (SI) -- The First Internet Community

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) -- Ignore unavailable to you. Want to Upgrade?

To: Charles A. King who wrote (9835)	9/8/1998 10:05:00 AM
From: John Crovelli	Respond to of 13091

Wow! Even GRNO has a 8,000 share trade at .375 this morning.

To: Charles A. King who wrote (9835)	9/8/1998 4:14:00 PM
From: Charles A. King	Read Replies (1) \| Respond to of 13091

This month's latest price report and predictions from the EIA web site. eia.doe.gov It shows crude going through a minimum this quarter and climbing modestly. It says crude oil prices for the next 3 quarters to be greater than this quarter's price by 9.4%, 14.5%, and 19.7% respectively. I suspect the dropping price of crude is due to Saudi Arabia's all-out pumping, causing storage tanks to begin to fill up around the world. I think they are making a point, that they are tired of unilaterally propping up the price by limiting their own pumping, and that they insist on help from other oil exporters. I think it is an interesting game of chicken. The oil industry is predicting with its price forecast that the issue will begin to resolve itself soon. The retail prices of products don't show the same percentage swings because of fixed costs involved. Charles