Siheyuan: I am Jia Dongxu's cousin
Chapter 220 Picking up money, first stop: Fuso
At the end of October 1973, half a month had passed since the oil crisis. The current oil price was US$10 a barrel. There was a lack of demand and supply was insufficient.
In particular, NATO countries led by America have basically been included in the embargo list by the Middle Eastern oil-producing countries. Fuso, as America's younger brother, is no exception and has also been included in the embargo.
Now all the large industrial plants and chemical plants in Fuso are going crazy. Half a month has passed, and the oil stored in their factories is basically used up. Now it is not a question of whether the price of oil is expensive or not, but that they simply cannot buy it.
Before this, no one thought that oil, which was close to $14 a barrel, could not be bought. Many Japanese companies did not have the habit of storing oil, and this embargo directly shocked them. Without oil, factories would soon shut down, and cars and ships would have no fuel.
The sky over Fuso seemed to be covered by an invisible black cloud, low and depressing. In this atmosphere, prices in Fuso began to soar. From mid-October to the end of October, in just half a month, the rise and fall of prices were close to 10%, among which the increase in electricity supply was the most severe, close to 10%.
The main reason is not the rise in coal prices, but the surge in freight rates.
Unlike Fuso, inside the Flower Planting Group, Zhang Weiguo was almost overjoyed when he received the latest news about Fuso Enterprise handed over by the intelligence team.
"Lin Qing, spread the word that we have a batch of oil worth 5000 million US dollars to sell at 15 US dollars a barrel."
"15 US dollars a barrel!" Lin Qing quickly calculated in his mind. 15 US dollars a barrel, that means for 5000 US dollars of oil, they would make a net profit of 2 million US dollars.
Lin Qing's smile was about to overflow, and she quickly replied: "Boss, I'll go now."
"Next, we just have to wait for the other party to take the bait." Zhang Weiguo raised the corners of his mouth, as if he was waiting for a good show.
15 US dollars is just a price they put out, as for the actual transaction price, it depends on their demand. After all, Zhang Weiguo is talking about spot oil, which can solve their urgent needs.
……
In just one day, Zhang Weiguo received no less than 10 calls, all from the heads of major companies in Fuso.
As for why only companies in Fuso called, it was of course because Zhang Weiguo only allowed the news to be publicized in Fuso.
"Mr. Zhang, we at Mitsui Heavy Industries can offer you $15.5 per barrel. Please be sure to sell the oil to us."
On the phone, Mitsui Chiwen spoke with a hint of fatigue.
If we talk about which Japanese companies suffered the most serious losses this time, Mitsui Group is definitely at the top of the list. There is no way around it. Most of the subsidiaries of Mitsui Group are inseparable from oil, and now they are suddenly cut off from supply by Chubu. With their oil reserves, most of the companies in Mitsui Group will have to stop production in a week at most.
The suspension of production not only means idle equipment and personnel expenses, but what makes them even more uncomfortable is that the orders they had previously received cannot be completed on time. The losses caused by the breach of contract alone are far more than the price of oil can compare to.
Mitsui is a large conglomerate in Japan, with at least 10 employees. If the factory stops production, they will have to be prepared for layoffs.
"Mr. Mitsui, you also know the current situation. It's not that I don't want to sell it to you, but there are too many people who come to me. There are more than a dozen companies in Fuso alone. Mitsubishi, Sumitomo, Toshiba, etc. have also called me, so..."
When Mitsui Qianwen heard Zhang Weiguo say this, he probably knew it was true, so he quickly said, "Mr. Zhang, we Mitsui have always been good partners with the Zhonghua Group. We Mitsui are willing to increase the price to $18 a barrel. Please be sure to sell that batch of oil to us."
Hearing the $18, Zhang Weiguo was overjoyed, but he still pretended to be embarrassed and said, "Mr. Mitsui, I need to think about it."
"..." Sanjing Qianwen was silent for a while, then replied: "Mr. Zhang, if other companies offer a higher price, please be sure to contact us, and we will give you a satisfactory price."
After hanging up the phone, Zhang Weiguo's face was full of joy. He had already said this to several Japanese companies, and now it just depends on who can offer the higher bid.
Zhang Weiguo only said that he had a batch of oil worth 5000 million US dollars to sell, but he did not say that he would only sell 5000 US dollars of oil. When the time comes, he will sell it to the other party at the highest price, and each company will sell it for 5000 million.
Two days later, Mitsui raised its bid again to US$21 per barrel.
"Mr. Mitsui, your sincerity has touched me. Our company's lawyer will come to sign the contract with you this afternoon."
"Thank you, Mr. Zhang. May the friendship between Mitsui and Zhihua last forever."
"Live forever! Live forever!" Zhang Weiguo hung up the phone with a big laugh.
What everlasting friendship? As long as you pay, there will be no problem for our friendship to last forever.
Mitsui Qianwen was relieved when he heard Zhang Weiguo agreed to sell them oil. Although the price of $21 a barrel was much higher than the current $13.98, Zhang Weiguo had the existing oil.
Although Mitsui paid nearly twice the price for this, the losses caused by breach of contract, production suspension and layoffs were much smaller.
Soon Zhang Weiguo followed suit and sold US$63 billion worth of oil to several large Fuso companies at the same price, with a net profit of US$54 billion.
In order to prevent Zhang Weiguo from reneging on his promise, the other party directly transferred the money to the bank's account within two days of signing the contract. Since then, Zhang Weiguo has 70 million US dollars in funds, not including the remaining 6 million US dollars of oil in his hands.
Well, the original capital is 6 million US dollars, and the current price is estimated to be several times higher.
While Zhang Weiguo was happily counting his money, Pao Yue-kong was regretting his decision to the core.
"Pa..." Looking at the current oil price, Pao Yue-Kong couldn't help but hit himself.
"Dad, are you okay?" Seeing Pao Yue-kong's reaction, the eldest son-in-law Su Haiwen hurried to look for the medicine box. Seeing his son-in-law's anxious look, Pao Yue-kong was relieved and said with a little regret: "Haiwen, don't look for it, Dad is fine, but I regret that I didn't listen to Weiguo. If I could store more oil, maybe I wouldn't have to buy it at a high price now, and I might even make a lot of money from it."
The more Pao Yue-Kong spoke, the more regretful he felt. He couldn't help but hit himself again.
Seeing this, Su Haiwen quickly advised: "Dad, don't blame yourself. Who could have expected the price of oil to rise so sharply?"
It would have been better if Su Haiwen had not advised him. This persuasion made Pao Yue-kong even more regretful. In the end, he couldn't help it and called Zhang Weiguo.
"Weiguo, I feel like you still need a wife."
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