GRNO Reports Morgan Stanley Forecasts 2010 Oil to Reach $95 per Barrel

Oil and Gas Investing

Green Oasis Environmental Inc. (PINKSHEETS: GRNO) announced that Morgan Stanley has provided a 2010 West Texas Intermediate oil forecast of $95 per barrel by December 2010.

The press release is quoted as saying:

If Morgan Stanley’s forecast is correct, Green Oasis Environmental Inc. would experience a significant increase in per barrel and overall revenue. Green Oasis is currently providing a Year End 2010 revenue forecast of $8.5 million based on $60 per barrel of oil.

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