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Green Energy Receives $6 Million Order

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August 26th, 2005
 
Green Energy Receives $6 Million Order – New Energy Tax Credits and Oil Prices a Plus, $38 Per Barrel is Renewable Energy Price Point

Green Energy Resources (Pink Sheets:GRGR) along with a report that it has received a $6 million order from a Dutch company for wood pellets, has also reported that as part of the United States Energy Bill, the United State Forest Service has been allocated 20 cents per ton for the removal of wood to prevent forest fires. Although the company did not indicate how this would benefit the company, the dangerous dead wood from forests is a potential source of energy for the company. According to Green Energy over 40 million acres of forestland are destroyed each year from forest fires.
 
The company also reported with the order that oil priced at $70 a barrel is nearly twice the cost of renewable energy on a per kilowatt basis.

 
Copyright 2004, 2005, Mark C. Stansberry, All Rights Reserved
 
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