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 03-26-2012 Edward Graff is tapped to return as chief executive officer of Wisconsin-based American North Oil. Graff had spent the past three years leading American North Oil’s alternative energy sister company, American Energy Werks. American North Oil’s executive board announced the move Monday, March 26, 2012, following a dismal third quarter dividend projection. Historically a strong portfolio performer, senior officials of the energy company remains optimistic for the future. “In directing my attention back to American North Oil,” said Graff, “I have high expectations… aware of some of the challenges that lie ahead of us.” Graff, who will remain chairman of the board at American Energy Werks, will work in concert with longstanding chief financial officer Craig Lester to oversee its operations until a new CEO is named. read more
 06-24-2008 Edward Graff, CEO of the Wisconsin-based energy concern American North Oil, explained to its assembled stockholders the intricacies involved in formulating a suitable corporate strategy within the world’s current energy equation.
In addition, Mr. Graff cautioned against the taking of profits from current petroleum revenues, irrespective of dwindling reserves.
As the world’s petroleum options continue to narrow, it should be impingent on energy-based concerns such as American North Oil to practice greater fiscal responsibility by reinvesting today’s petroleum revenues into authentic; meaningful and sustainable energy research, as opposed to continuing the practice of taking enormous dividends on those profits (gorging).
All of the extensively outlined American North Oil initiatives are fashioned specifically at reducing America’s current fossil fuel dependencies.
With regard to ethanol as a possible petroleum replacement, Mr. Graff went on to explain the inherent problems in tying any energy (ethanol) consumption to the world’s food (corn) supply.
Corn would be the principle cash crop used for the production of ethanol.
It is well settled that America hasn’t enough fields to dedicate to the planting of corn for the exclusive purpose of fuel use. Furthermore, the price of all other crops would increase exponentially. Following, chicken (which predominately feed on corn crop) would increase in price, and, in turn, their eggs. The price of milk (cows feed on corn as well as other crops whose costs would adjust upward to offset the more valuable displaced corn crop) would also increase. This is just a glimpse into the devastating effects corn to ethanol would represent. Mr. Graff’s further analogy was frightening, to say the least. Fashioned around the faulty notion that ethanol would  replace gasoline as a fuel source for automobiles and other internal combustion engine applications in the future, he went on to suggest that a man would be forced to choose between an auto trip with his children to Disney World, or the starving of someone else’s children in some impoverished third-world country. Ethanol, under these parameters, is a non-starter. Mr. Graff did, however, provide a glimpse: fuels will need to be replaced by what would be otherwise worthless commodities! read more
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04-08-2008 After just sixteen months at the helm, CEO EDWARD GRAFF announced today, that there will be a
complete restructuring of AMERICAN NORTH OIL, along with it's
holdings and subsidiaries... read more
12-09-2006 In the
wake of world wide energy concerns, as well as an acute lack of
direction, the Board of directors of American north oil have
announced EDWARD GRAFF as their new CEO and president. Mr.
GRAFF is slated to assume his office before the end of the forth
quarter, with the intention that his appointment would bolster
current stock values. Mr. DAVIS, AMERICAN NORTH OIL'S current Chief Financial Officer,
suggested that the addition of MR. GRAFF , an otherwise recognized
maverick," may be just the answer." Mr. Davis went on to say,"One thing is for certain, we will
all be holding onto our hats!" read more For corporation clients: |
