The international economic situation is deteriorating, and the financial markets are affected. But at this time, energy futures, gold, and other precious metals prices are rising.
Crude oil prices had reached 95 USD per barrel, and it is still rising today.
But at this time, many people start to get nervous again. This is because crude oil prices are about to hit the 100 USD line. This is a line that many people think cannot be broken.
How could crude oil exceed the price of 100 USD? Even if it is an irrational speculation, those international speculators should stop.
Once this line is broken, many countries that import crude oil will suffer heavy losses. Could those big countries just watch the price of crude oil rise irrationally?
However, they neglected the fact that at the end of the 1970s, crude oil also broke through the 100 US dollar line, and according to the inflation rate, it was much higher than the current price.
When the supply is lower than the demand, it is normal for prices to rise. This year, the world's crude oil demand had increased, and some OPEC countries had reduced their crude oil production like Iran. Although Saudi Arabia did not announce this, the demand for crude oil is higher than the supply.
Does Hua Xia have its own oil fields? Yes, and the reserves are not bad.
But just like Japan, many of Hua Xia's resources are also restricted. Some resources were mainly imported. The domestic resources were mainly produced when the prices of related resources were too high to stabilize the domestic prices.
In the future, Hua Xia's crude oil imports will become the world's largest, overtaking the US. This is because the demand is too high. At that time, what did Hua Xia do?
Set up a joint venture oil field overseas. You have oil, and the US will provide the equipment to mine the oil, and the US will pay you back. For example, in Africa.
At this time, the US's crude oil imports are still the world's largest. That's because they have the most cars in stock, and most of them have high fuel consumption cars. Many families have several cars.
The demand for crude oil is still increasing, and some oil producing countries had started to reduce their production. With Feng Yu's investment, crude oil prices had exceeded 100 USD, and Feng Yu thinks there is a 50% chance of it breaking the 100 USD line.
The reason why there was only a 50% chance was that international speculators like the Rothschild family might not continue to speculate with Feng Yu.
Soros's side is also speculating on crude oil, but they have decided to exit the market and enter the gold market.
When large sums of money are constantly exiting the market, there are fewer and fewer people following the trend. How can the price be pushed up?
But this possibility was only possible if OPEC announced that it would not cut production. Once OPEC announces a reduction in crude oil production, the price of crude oil will be pushed up again. Even without the participation of Soros and the others, the price of crude oil will rise again. Just the international speculators are a huge force.
Would OPEC announce a crude oil production cut? Feng Yu's answer was that he definitely would!
Because of what?
The OPEC organization mainly extracted oil, which was the oil originally stored underground, and extracted by drilling.
But at this time, there is another way to obtain oil, and that is man-made oil.
The original man-made oil was made by synthesizing oil from coal extracts or from the extracts of tar sands.
But now, the UA plans to introduce a new type of technology on a large scale, which is to convert oil from oil shale extracts into synthetic oil.
OPEC had not paid much attention to this method before, but when the UA oil companies announced that they had mastered this mature technology, OPEC had to pay attention to it.
Because the UA, Canada, Australia, Hua Xia, Congo, Brazil, and other countries are rich in oil shale reserves. Russia and many other countries also have some reserves.
The countries around the UA have a lot of reserves. Once this technology is popularized, it will inevitably have a major impact on the original crude oil price.
Also, Hua Xia and other major crude oil importers are also researching this technology. They are mainly cooperating with some crude oil companies, including Shell in Europe, etc.
OPEC originally had complaints when these energy-consuming countries used natural gas to replace crude oil. But OPEC is also a major natural gas exporter, so it did not take any drastic measures.
Many countries use coal and other energy minerals to replace crude oil and other energy minerals, which will affect the interests of OPEC countries. Also, non-OPEC countries, such as the UA, Hua Xia, Russia, etc., are producing a lot of oil.
OPEC countries had always wanted to strengthen and improve their status, and the emergence of shale oil will affect their status. How can they tolerate this?
The UA has been relying on Saudi Arabia for its crude oil imports, and the UA is worried that Saudi Arabia will use crude oil to affect their strategy. That's why they had decided to negotiate with Saudi Arabia to sign more favorable contracts.
Saudi Arabia will not accept this. We did not do anything, and the UA has no reason to attack us. Although the UA has a strong military, Russia, Hua Xia, etc., will not let the UA bully us. That's why Saudi Arabia rejected the UA's request without hesitation.
At this time, the UA's shale oil technology was announced, and Saudi Arabia went to the UA to negotiate. Shale oil cannot be produced because it contains harmful gases and is difficult to control.
Although it is difficult to control, it does not mean it is uncontrollable. The extraction of oil has the potential to pollute the environment.
Why will the UA agree to Saudi Arabia's conditions? We had finally developed this technology, and the cost of synthetic oil is not high. Why should we not do it? If we don't do it, all our investments will be wasted.
The UA does not agree, and Hua Xia and the other countries ignored Saudi Arabia. If the UA does not want to produce shale oil, they can sell their oil to us at a lower price. But Saudi Arabia will not agree to this.
The negotiations are still ongoing, and the UA's attitude is ambiguous. But Feng Yu is sure that the UA will not give up on shale oil. To teach the UA a lesson, Saudi Arabia will lead the OPEC countries to reduce their production. This will cause the production of crude oil to drop significantly.
This will cause crude oil prices to rise again. The financial speculators who heard this news would never let go of this good opportunity.
At that time, crude oil prices will exceed 100 USD!
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