Extraordinary Genius

Chapter 1686 Shale Oil (Subscription Request)

The international economic situation had deteriorated and financial markets had been affected disproportionately, but at that time the prices of precious metals such as futures and gold in the energy sector were rising.

The price of crude oil, which has risen to $95 barrels, is still rising today.

But at this point, many became nervous again. Because of the price of crude oil, the hundred dollar line is about to be touched, a line that many people think is impossible to break.

How could crude oil have surpassed a hundred dollars at such a very high price? Even irrational speculation, those international financial speculators, should leave.

Once this line is broken, how much is the loss for many large crude oil-importing countries? Can those big countries watch the price of crude oil go up irrationally?

But they ignored that, at the end of the 1970s, crude oil had similarly broken the $100 line, and at inflation rates it was much higher than it is today.

When supply is less than demand, price increases are normal in themselves. World demand for crude oil itself has risen this year, and some OPEC member States, like Iran, have reduced their production of crude oil, although a tap such as Saudi Arabia has not been announced, and it is true that crude oil is in short supply.

Does Huaxia have an oil field? Yes, the reserves are not too bad.

But just as the islands' resources are not exploited, so are many of Huaxia's resources. Some resources, mainly imported, were used to stabilize domestic prices, mainly by increasing production at a time when the prices of the related resources were very high.

In the future, Huaxia's crude oil imports will jump to the top of the world, squeezing the US, because demand is too great. And what did Huaxia do then?

It's about building a joint venture oil field abroad, that is, you have oil, and we come out with equipment to exploit it it, and we pay you back, for example, in those parts of Africa.

At this time, the imports of crude oil in the United States are still the highest in the world. Because they have the biggest stock of cars and the most fuel-efficient cars, and many families have several cars.

As demand for crude oil continues to grow, some oil-producing countries have begun to cut production, and as a result of massive financial boosts such as Feng Yu's, the price of crude oil has exceeded the $100 line, which Feng Yu believes is more than 50% likely.

Only 50 percent of the time, that's because international scramblers like the Rothschild family don't necessarily go on scrambling with Feng Woo.

And Soros, who was stirring up crude oil at the time, was also planning to exit and enter the gold market.

When there is a lot of money to exit, the fewer people to fire, how can the price be pushed up?

However, this possibility arises in the event that OPEC declares no reduction in production. Once OPEC announces a reduction in crude oil production, the price of crude oil will inevitably be pushed up again, even without the participation of those in Soros, an international tourist dispersal alone, a tremendous force.

Will OPEC announce a reduction in crude oil production? The answer to Feng Yu is, yes!

Because of what?

OPEC, for its part, mainly exploits oil, which was originally stored underground, and just drills and extracts it.

But there's another way to get oil at this point, and that's man-made oil.

The original artificial petroleum is synthesized from coal extracts, or from extracts from asphalt oil sand.

But now, the US side intends to mount a new type of technology on a massive scale, and is calling it mature technology, which is to convert synthetic petroleum from extracts from oil shale.

This approach has not been given much attention by OPEC before, but OPEC had to pay attention when the oil companies on the US side announced that they had mastered this mature technology.

Because oil shale reserves are abundant in countries such as the United States, Canada, Australia, Huaxia, the Congo and Brazil, many countries such as Russia also have some reserves.

It can be seen that the countries surrounding the United States have very large reserves and that once this technology is rolled out, it will inevitably have a significant impact on the original crude oil price.

And crude oil-importing countries like Huaxia are also studying this technology, mainly because some crude oil companies are working together and even including European shells.

OPEC had complained about replacing crude oil with natural gas and other crude oil in these energy-consuming countries, but OPEC was also a major gas exporter, so it did not resort to excessive means.

In many other countries, the use of other energy minerals, such as coal, as an alternative to energy minerals, such as crude oil, affects the interests of OPEC countries. And non-OPEC oil-producing countries, such as the US, Huaxia, Russia, etc. also produce very large quantities of oil.

How can OPEC oil-producing countries endure the constant desire to consolidate and upgrade their status, when the emergence of shale oil will seriously affect their status?

The US has always relied on Saudi Arabia for its crude oil imports, and they are concerned that Saudi Arabia will use crude oil to influence their strategy, so they have long planned to renegotiate with Saudi Arabia to conclude some more favourable contracts for the US.

Saudi Arabia definitely won't do it, we didn't do anything, and you have no reason to attack me. Although your army ~ is strong, Russia, Huaxia, etc. will never sit back and bully us, so Saudi Arabia refused the request without hesitation.

That's when the shale oil technology in the US was released, and Saudi Arabia went to talk to the US. Shale oil cannot be mined and produced on the grounds that it contains some harmful gases and is difficult to control.

But it's hard to control, not uncontrollable, and oil extraction itself has the potential to pollute the environment.

How could the US agree to the Saudi condition that we could easily study this technology and that the cost of synthetic oil is not particularly high, why not? If you don't, aren't all previous investments lost?

The US disagrees, and countries such as Huaxia naturally ignore Saudi Arabia. If we don't make this, yes, you can sell us cheap oil, and this Saudi won't do it.

Negotiations are still under way, with ambiguity on the part of the US, but Feng Yu is sure that eventually the US side will never abandon shale oil, and Saudi Arabia, in order to teach the US a lesson, will inevitably lead the OPEC oil-producing countries collectively to announce a reduction in production, resulting in a significant decline in crude oil exploitation.

In this way, the price of crude oil will inevitably rise again. And the financial scavengers who get this information will never let go of this good opportunity.

At that time, the price of crude oil would be unstoppable if it exceeded $100!

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