Genoil Inc GNOLF

Energy Oil & Gas Equipment & Services

Genoil Inc. is technology-based company engaged in the development of technologies relating to the oil and gas industry. The Company specializes in heavy-to-light oil technology, oil field development and exploration and production. It is a provider of hydro conversion fixed-bed technology for the upstream and downstream oil and gas industry. It is also working with Chinese policy banks and Chinese companies to provide, project financing, drilling, production, and processing services to the oil and gas industry. Its technology consists of Genoil Hydroconversion Upgrader (GHU), which converts sour (high sulfur), heavy hydrocarbon feed stocks into lighter oil with higher quality distillates for conventional refining. The Company is also engaged in other technologies, such as oil upgrading and recycling, water purification port technologies, well testing, and sand cleaning. The Company markets its technology to customers in the Middle East, Russia and China.

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Genoil Inc

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Comment by waggaon Sep 13, 2001 11:57am

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Post# 4190813

RE: People invest in gold, oil and metals

I think you will see a sharp drop the first 2 hours the market opens then it may claw back but peoples confidence has been badly shaken so youll see selling into every rally.Down the road the US was already in recession this will pull it into depression .people dont really know how much damage this has done to an already bad economy this is the straw that broke the camels back to say.The dow will go to 5000 and the Nas to 800 or so mark my word people dont be long even if we get a suckers rally the damage is done.

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