Business
CEO David Lifschultz Discusses the Value in the Oil Industry and the Future Potential of Genoil, Inc.
CEO David Lifschultz Discusses the Value in the Oil Industry and the Future Potential of Genoil, Inc..
About this update from Genoil Inc.
[{"type":"text","content":"\n\n New York, NY , Sept. 19, 2017 (GLOBE NEWSWIRE) -- Mr. David Lifschultz, CEO and Chairman of Genoil, Inc. (OTCQB: GNOLF) interviews on the Uptick Network Stock Day Podcast with host Everett Jolly. With Genoil having the ability to convert heavy oil into light oil, Mr. Lifschultz discusses that the largest deposits in the world are heavy oil, what the value is for this type of oil and explains the incremental value of this conversion that the company can accomplish. Mr. Lifschultz discusses Genoil’s oil conversion deal out of Saudi Arabia and the banking arrangement with China to make these two deals a closed circuit. Continuing the interview, Mr. Lifschultz discusses the sulfur problem in the shipping industry, overviews the sulfur contamination, regulation of this and what Genoil is offering to this industry. Furthermore, Mr. Lifschultz highlights the major $50 billion dollar LOI in Russian and clarifies the letter of intent for the China development project.\n In closing of the interview Mr. Lifschultz states, “The potential of the technology as we shift to heavy oil is Genoil could be a Google or an Apple in the oil industry and Genoil could convert half the oil production in the world and produce most of the oil that most of the world could be using. That’s the potential of Genoil. It could be a facilitating technology to tap the heavy oil reserves and become a very major corporation in the world.” To listen to the full interview please click here or the following link: https://upticknewswire.com/featured-interview-ceo-david-lifschultz-of-genoil-inc-otcqb-gnolf About Genoil Inc.:Genoil is a publicly quoted clean technology engineering company for the petroleum industries.  Genoil is headquartered in New York City, with offices in Constanta Romania, and Dubai & Abu Dhabi.  Genoil has developed its proprietary technology, the Hydroconversion Upgrader (GHU), which converts heavy crude oils and refinery bottoms into clean burning fuels for transportation industries including shipping.  The GHU can be placed in remote locations, including receiving terminals, pipelines and ports.  The company operates one of the largest and most advanced pilot & design test facilities in the world, from its 147-acre site in Alberta, Canada. To watch the Fox Business interview with CEO Mr. Da...