Genoil Inc GNOLF

GENOIL IS THE SOLUTION TO THE POTENTIAL OIL CUTOFF

[stockstarker]

GENOIL IS THE SOLUTION TO THE POTENTIAL OIL CUTOFF DAVID K. LIFSCHULTZ ABIQAIQ IS A GAME CHANGER IN THE OIL BUSINESS AS THE ENTIRE GULF STATE OIL PRODUCTION OF 18 MILLION BARRELS A DAY CAN BE KNOCKED OUT BY DRONES FROM THE AL HOUTHI AND IT HAS UNNERVED ALL OF ASIA FORCING THEM TO SEEK ALTERNATIVES TO THE MIDDLE EAST ON AN EMERGENCY BASIS.I HAD PROPOSED YEARS AGO TO SAMUEL BODMAN WHEN HE WAS SECRETARY OF ENERGY FOR THE US THAT HE MOVE TO DEVELOP A 22 MILLION BARREL A DAY RESERVE CAPACITY AS THE US HAD WHEN WORLD WAR TWO COMMENCED AS AN INSURANCE POLICY TO THE NOW 88 TRILLION DOLLAR WORLD ECONOMY BUT IT WAS BLOCKED BY THE MAJOR OIL COMPANIES THAT FELT THREATENED BY THE GENOIL TECHNOLOGY THAT COULD MASSIVELY DEPLETE THE VALUE OF THEIR LIGHT OIL RESERVES.THUS, THE US AND WORLD ECONOMY STAND AT THE ABYSS WHERE A TINY COUNTRY SUCH AS YEMEN CAN BRING DOWN THE ENTIRE WORLD ECONOMY.THE LARGELY UNTOUCHED HEAVY OIL RESERVES TOTAL 900 BILLION BARRELS OF OIL BEING USED AT 3.5 BILLION BARRELS A YEAR AND THE DEPLETING LIGHT OIL RESERVES STAND AT 400 BILLION BARRELS BEING USED AT 35 BILLION BARRELS A YEAR. GENOIL HAS THE UPGRADING TECHNOLOGY THAT CAN CREATE AN ALTERNATIVE SUPPLY OF 18 MILLION BARRELS A DAY FROM UNUSED HEAVY OIL DEPOSITS THAT WOULD BE OTHERWISE NON-COMMERCIAL BASED ON ITS MOST ADVANCED UPGRADING TECHNOLOGY DESCRIBED BY SINOPEC LAST YEARS AS LIGHT YEARS AHEAD OF ANYONE ELSE.ASIAN CONSUMERS AS CHINA ARE ASKING FOR PROPOSALS AND SITES ON AN EXPEDITED BASIS. The ICBC is just one of the banks behind Genoil which is the largest in the world which is working on the Genoil Velikoye project in Astrakhan, Russia.It is 7,000 square kilometers, containing over a billion tons of estimated oil reserves with an estimated 290 billion tons recoverable.Its natural gas reserves are estimated in excess of ten trillion cubic meters.It is the largest discovery in Russia in twenty years which is now the swing oil producer of the world as Saudi Arabia has been shaken to its foundation.Genoil acts as an advisor to the AFB Group that owns Velokoye on a commission on its sale and brought in ICBC representing China.Our estimate is that it will close within two months provided the two sides agree on price.About ten years ago Sinopec desperately wanted this oil and natural gas field but the Russian government vetoed it.Today, based on the massive and unparalleled strategic and military alliance between China and Russia the Russian Government is not only in favour of the purchase but it is intensely interested in owning a piece of it through their Sovereign Fund under President V. V. Putin which assures local governmental cooperation in the project. Genoil has also brought to the ICBC the massive Tuymaada-Neft Oil Company in Yakutia, Siberia, Russia with its massive oil reserves an with the ICBC, Tuymaada-Neft, Genoil, etc. to move this sale to completion.David K. Lifschultz has been in Moscow six months working on these projects.Tuymaada-Neft oil deposits are discussed in this press release below which has estimated oil reserves of 850 million tons equivalent: Industrial and Commercial Bank of China This is the Tuymaada-Neft Oil Reserve Calculations: https://finance.yahoo.com/news/genoil-substantially-increases-total-oil-102000973.html