Extraordinary Genius

The Kingdom of Saudi Arabia ~ King Abdullah is sitting with the heads of other OPEC member States ~ and everyone looks at each other and nobody talks.

The reduction in crude oil production has indeed allowed the price of crude oil to rise considerably, and their revenues in each country have not decreased, but have increased.

But their trade is seriously problematic. It is not only the US, Huaxia, the island countries, Russia and others that have imposed economic sanctions on them, but also the EU side that is involved.

It can be said that OPEC touches the interests of the majority of countries.

OPEC's reserves and production accounted for about 40 percent of the world, and when other countries joined forces to start suppressing crude oil prices, they might not be able to afford it.

Now the trade blockade has cost them a lot, and the prices of many of the country's essentials have risen, so that inflation can occur in those countries.

Even if they make more money, the standard of living of the people will decline without compensation.

There is also debate within their organizations, at this time, whether to compromise and restore crude oil production in exchange for the lifting of the trade embargo imposed on them by other countries.

Together, these big organizations, they can't really handle OPEC. It now appears that the price of crude oil is constantly rising, but it is mainly driven by international speculators.

Without these funds, how much higher would the price of crude oil be? The point is that they're making money now, but they can't get back the supplies they need to live, and that's the trouble.

Which of these countries is agricultural? Except for the fact that they produce their own water, the rest are imported from food, clothing, shelter, etc.

But at this time of compromise, other countries will surely demand an increase in production, thus pushing crude oil prices back under $60 again.

And the US got that shale oil, and if it could be produced in large quantities, it would have a huge impact on them. What other valuable commodities do they have besides oil and other energy sources?

That shale oil will greatly increase crude oil production, thus lowering the price of crude oil.

“If you don't talk, let me talk. The price of a piece of bread-made flour in our country has tripled and is subsidized by a political axe, otherwise the country will inevitably be crushed by inflation.” Abdullah said.

Money is worthless. A lot of life is bound to change dramatically. It's going to be a mess.

“With this shale oil coming out of countries like the US and Europe, our crude oil prices are bound to fall, but certainly not too low. ”

“International demand for crude oil is still on the rise, and maintaining last year's production still gives us a high income. ”

“No, with crude oil prices falling and our production unchanged, revenues must have fallen.” Someone said.

“The price of crude oil will not fall by sixty dollars, do you really think that the cost of that shale oil can be lower than our mining? The cost of a barrel of oil is definitely over sixty dollars. ”

“So if the price of oil is very low, then they're going to lose money, and then they're going to cut production, and they're going to stop production, and then crude oil is going back on track.” Abdullah said confidently.

Shale oil costs? This is a problem that they didn't think about before. But they also believed Abdullah's words, how can extracting oil from oil shale be less expensive than their direct mining? And building oil pipelines, and refineries and all that, is also a huge investment.

On average, they will cost more. If that's the case, maybe this shale oil will keep the price of crude oil high after it shows up!

All of a sudden, it's not impossible to concede on shale oil. Like one or two more OPEC members, they would welcome each other with their hands raised, so that their organization would have more influence.

It's just that the shale oil that's going to grow dramatically is the U.S., the largest importer of crude oil, and this worries them a lot. If this shale oil production is very large, can the US really not import from them in the future?

It is also said that this oil shale mine is also available in Huaxia, Russia and many countries in Europe. If we all start working on this shale oil, it's all self-sufficient, and their status is bound to drop dramatically.

Saudi Arabia, for example, is now a well-developed country, and even in developed countries, all kinds of welfare benefits are top notch, rich.

If income declines, many of their benefits will not be available, then it may shake the rule.

“So let's go talk to other countries and get back to production? But they're asking us to increase production, and I'm afraid that's going to cause the price of crude oil to plummet.” Some say with concern.

“It doesn't matter, we only promised to increase production this year, and by January 1st next year, we will be able to limit production again. And the increase in production reduces the price of crude oil, which just stops them from getting this shale oil. ”

With 50 bucks a barrel of oil, do you have to spend 70 bucks a barrel to produce it? Isn't that retarded?

“Yes, just as we talked to them with increased production, demanding that they resume trade with us immediately and sign a long-term contract to guarantee that we will not be threatened again in the future! ”

Everyone was thinking about how they could fight for the interests of their country after taking a step back.

The surge in crude oil prices during this period has alleviated economic pressures in many countries. OPEC is out of Saudi Arabia, but Iran and other countries owe a lot of money.

It is precisely now that crude oil prices have skyrocketed and their revenues skyrocketed, coupled with debt servicing with some crude oil, that has eased their external debt pressures.

If crude oil had always been so expensive, they would have paid off their debts and been wealthy out of poverty!

They also know that this is not possible. Crude oil is now over a hundred and forty dollars a barrel, which is definitely more than reasonable.

In their view, however, it is likely that prices above $80 will be maintained for a long period of time to come. If the US produces shale oil, maybe the US will raise the price of crude oil.

After discussing conditions acceptable to all, they began dispatching representatives to negotiate with the most imported regions of crude oil, such as the United States, Huaxia, island countries, Russia and the European Union.

As long as they agree, then the matter is settled.

Feng Yu was swimming in the pool and heard his phone ringing. He climbed ashore and answered the phone.

“Feng Yu, we are now negotiating with the UAE representatives, they represent the OPEC organization, they put forward a good condition, I'm afraid in a few days OPEC will announce the recovery and even increase production of crude oil! ”

……