GRNO Reports Goldman Sachs Forecasts Oil Futures to Rise to $105 per Barrel in 2011
January 31 2011 - 9:38AM
Marketwired
Green Oasis Environmental Inc. (PINKSHEETS: GRNO) is pleased to
report in a December 6, 2010 article, Goldman Sachs forecasted oil
futures to rise to $105 per barrel in 2011 with increased demand.
Goldman Sachs noted, "Energy is historically the best performing
sector when the ISM is above 50, which seems increasingly likely
given strong October ISM and our US economists upgrade to their
2011 growth outlook."
With or without oil reaching $105 per barrel, Green Oasis
Environmental Inc. still anticipates continued significant revenue
growth and strong profit margins for 2011.
To view Goldman Sachs full article, please click on the link:
http://www.cnbc.com/id/40530212/Goldman_Sachs_2011_Forecast_Stocks_Gold_Oil_Higher
"This is one of many reports which consistently show the
historical rise in crude oil prices. Our company is well positioned
within in oil sector and continues to experience strong demand from
oil companies. Despite Goldman Sachs forecast, our current revenue
models and projections remain modest, based on a $75 per barrel of
oil. At this modest level, which remains well below today's current
crude oil price, we anticipate record revenue growth for 2011,"
stated President/CEO Peter Margiotta. "We have a lot of exciting
things in front of us right now and we remain focused on expanding
operations, completing 2010 audited financials and moving to the
more liquid Bulletin Board exchange," concluded President/CEO Peter
Margiotta.
Green Oasis Environmental, Inc. -- "Green today for a stronger
tomorrow"
About Green Oasis Environmental Inc.
Green Oasis Environmental, Inc. (GRNO) is dedicated to acquiring
and providing access to world class technologies available today
and has chosen to focus its efforts on seeking acquisitions of
technology and/or operations concerning the remediation of slop
oil, waste engine oil, and tank bottom oils. GRNO has every
intention of becoming the single best option for reclaiming oil to
pipeline specification from these waste products. Through the
Company's state of the art technology, GRNO will be able to process
these waste products at one of their facilities or at a customer's
site by way of implementing its portable processing technology.
About Custom Carbon Processing Inc.
Custom Carbon Processing Inc. (CCP) is a Wyoming-based Company
formed in 2006 that has been operating in the Gillette, Wyoming
area since its inception. Through the technology that CCP has
developed, CCP is able to process slop oil unrefined, non saleable
oil) into pipeline standard crude. Its first facility has proven
its capabilities to process up to 1,500 barrels of slop oil with a
conversion ratio of approximately 50% to finished crude. Through
its ongoing contract, CCP sells the processed slop oil to Shell
Trading (US) Company (www.shell.us). Shell Trading (US) Company is
a corporation that acts as the single market interface for Royal
Dutch Shell companies and affiliates in the United States with
offices in Houston, TX (headquarters); Dallas, TX; Denver, CO;
Midland, TX; and San Antonio, TX; and has an affiliated Shell
Trading company in Calgary, Alberta. Shell Trading buys and sells
more than five million barrels per day of hydrocarbons, is one of
the largest physical traders of hydrocarbons in the United States
and one of the world's largest energy trading companies.
In addition to its Wyoming facility, CCP has enjoyed recent
expansion by opening a second facility in Montana, home of the
Bakken (www.bakkenblog.com) and Three Forks plays, said to be two
of the largest oil plays in North America.
For more information on Green Oasis Environmental, Inc. or
Custom Carbon Processing Inc., please visit
www.greenoasisenvironmental.com or contact Investor Relations at
(877) 207-3370.
Safe Harbor
Statements about the Company's future expectations and all other
statements in this press release other than historical facts, are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created
thereby.
The above information contains information relating to the
Company that is based on the beliefs of the Company and/or its
management, as well as assumptions made by any information
currently available to the Company or its management. When used in
this document, the words "anticipate," "estimate," "expect,"
"intend," "plans," "projects," and similar expressions, as they
relate to the Company or its management, are intended to identify
forward-looking statements. Such statements reflect the current
view of the Company regarding future events and are subject to
certain risks, uncertainties and assumptions, including the risks
and uncertainties noted. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
to be incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated, expected,
intended or projected. In each instance, forward-looking
information should be considered in light of the accompanying
meaningful cautionary statements herein. Factors that could cause
results to differ include, but are not limited to, successful
performance of internal plans, the impact of competitive services
and pricing and general economic risks and uncertainties.
Contact: Investor Relations Taylor Capitol, Inc. Stephen Taylor
(877) 207-3370 info@TheStockAlerts.com
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