Reborn 80s

Chapter 953: Oil prices skyrocket
In August, as Mexico was affected by hurricanes, oil prices hit a record high, reaching $70.58 per barrel.

In just two years, oil prices have risen rapidly, which is naturally a particularly good thing for oil exporting countries.

Exporting the same oil, the money earned has increased two or three times. These days are not bad at all.

Chen Huaiqing leaned on his desk. The air conditioner kept the indoor temperature stable at around 26 degrees, which was undoubtedly an extremely comfortable temperature compared to the [-]s outside.

As a stove city, Yuzhou is undoubtedly extremely sad in summer.

Of course, for people in Chongqing who are used to summer, summer is just like that.

When the sun is shining brightly, walk outside as little as possible.

In major supermarkets, shopping malls, and shops, the air conditioners are fully turned on.

Mota Energy has issued a new regulation. During the flood season, electricity prices will be reduced to encourage residents to use electricity.

During the flood season, the amount of water increases and the amount of power generated is also large!
If the electricity is not used, it will be wasted.

"How much oil is in Mota Toucheng's oil inventory now?"

Wang Wan stared at the TV news, thinking in her mind whether she should also change trains.

The price of oil is getting more and more expensive now.

Wang Wan: "There are 7400 million tons of oil in stock, and all warehouses are full. Mota Touchlight Petrochemical wants to use the oil in stock for production."

In the past two years, another [-] million tons of oil reserve capacity have been added!
On average, the cost of these oil stocks is US$250 per ton.

The current crude oil price is US$515 per ton, which means that the price difference alone is almost 1600 billion yuan.

Theoretically speaking, thanks to this wave of rising oil prices, Mota Touching Petrochemical has basically made back all the money it spent on building the oil reserve, and more.

This is undoubtedly a very nice thing.

Chen Huaiqing pinched his chin. He naturally knew that the price of oil would continue to rise in the future.

And it will rise to more than 730 US dollars per ton.

Relying on Chen Huaiqing's "judgment", Meta Investment had already made plans in the oil market, especially the oil futures market, more than two years ago.

Global commodities are divided into three major categories: energy commodities, basic raw materials and agricultural and sideline products.

The main energy commodities are oil and coal.

The annual oil production volume in 2005 was 304 billion barrels, which is approximately 41 billion tons.

Oil is undoubtedly the No. 1 commodity among commodities.

Various human means of transportation mainly use petroleum as power energy.

In addition, petroleum is also a chemical raw material.

In construction, petroleum, such as asphalt, is also used.

Huge demand creates a huge market and supply.

By simple calculation, global oil production is worth two trillion U.S. dollars.

And how much money is there in the financial market built around oil?

During this oil rise, Meta Investment not only made money in the oil futures market, but also invested in oil companies and engaged in oil exploration and other businesses.

As oil prices soar, the profitability of these oil companies naturally also rises.

The core point of this surge in oil still has to be the surge in world oil demand.

Market prices are affected by supply and demand.

Chen Huaiqing pinched his chin, recalling the information he had seen before in his mind.

Over the past few years, Meta Investment has been continuously strengthening its investment in the field of commodities.

Together, the several oil companies under Meta Investment now produce more than 300 million barrels of oil per day.

Compared with the easy extraction of oil in the Persian Gulf, the oil fields of several oil companies owned by Meta Investment are not that easy to extract.

Tessa's oil extraction cost is US$3 per barrel, while the cost of oil field extraction in Meta's investment ranges from US$5 to US$15.

So in the past, investments in the oil field really didn't make much money for Meta investments.

Although they did not make much money, these oil companies had stable customers in terms of sales.

What pays attention to is a kind of steady flow of water without worries about food and clothing.The biggest customers of these oil companies are Mota Touch Light and Touch Light Petrochemical.

For Mota Touch Light and Touch Light Petrochemicals, having a stable supplier is naturally extremely important.

For oil companies, it is also important to have stable customers.

The contract signed between the two is a long-term purchase contract.

For direct oil prices, negotiations will be based on international oil prices.

Because it is a long-term purchase, there will definitely be a great discount compared to international oil prices.

Now that oil prices have risen sharply, several oil companies are making money at a rapid pace.

Earning 600 to [-] billion US dollars a year is not a big problem.

After making money, Meta Investment did not say that after paying dividends, it would directly take the money out of the local area.

Meta Investment invests in these commodity fields, not to make much money through this.

The more important purpose is to ensure China's demand for resources.

Development requires resources!

China is an industrial country and should earn added value from industrial products.

Therefore, Meta invested in setting up a local company, which took the money and invested in the construction of transportation, schools, hospitals, factories, etc. in the local area.

As for equipment and the like, they are naturally imported from China.

Industrial products need a market to ensure the continuous operation of the entire industrial system.

The industrial system will only become more powerful through continuous production operations.

The local economy began to prosper as a result of the large amount of investment.

The four major things in life are food, clothing, housing and transportation!

After solving the problem of food, I want to wear better clothes and live well, and I also need a car to travel around.

These are all markets!

Chen Huaiqing: "Wait a little longer!"

Chen Huaiqing remembers clearly that oil prices and economic development are closely related.

Before the subprime crisis, the global economy was prosperous.

When the subprime mortgage crisis occurs and then evolves into a global economic crisis, oil prices will plummet.

Therefore, if you wait until the price of oil reaches one hundred dollars before using it, you can maximize your profits.

Around 07, oil prices will reach their peak.

At this time, oil reserve inventories are emptied.

When the price of oil falls in 09, at this time, it is possible to replenish the oil in the oil reserve and wait for the next round of oil rise.

The game is to buy low and sell high.

Through this kind of buying low and selling high, if you can earn 40 US dollars from a barrel of oil, if you do it once, you can earn more than 200 billion US dollars.

Chen Huaiqing remembered that there were many big oil fluctuations in the following days.

I still remember one time when the price of oil even reached negative numbers.

Of course, that's just a special case.

When Wang Wan heard what Chen Huaiqing said, she knew that oil prices would continue to rise.

If it doesn't work, I'll call later and ask about the tram.

After Mota Motor's pure electric sedan Mota Navi was launched, its sales performance was not that good.

Chen Huaiqing had expected this, and so did Mota Motors.

It seems that everyone is not optimistic about the development of pure electric vehicles.

Chen Huaiqing predicts that there are still many problems that need to be solved in the technology of pure electric vehicles.

(End of this chapter)