Chapter 1192 The Beginning of the Oil Price Crash?

The car that came to pick up Xiao Qi was replaced by a car from PetroChina Capital Branch this time.

The queen sister is now in Lin'an and started filming "If You Are the One 2". Although the location is still in summer, which corresponds to the cold Hokkaido in the first episode, the script is much better than the crudely written second episode of the previous life. After reading the script, Xiao Qi felt that it was not inferior to the quality of the first episode.

The second sequel of "Gongsuo Heart Jade", "Gongsuo Bead Curtain", is also starting to be intensely filmed. In addition, the fashion idol drama "Marriage Defense War" has also started preparations.

For a film and television company as small as Kiwi, if it wants to produce these two TV series and a movie at the same time, it is really short of manpower and resources. If it is not for the secondment of a lot of manpower from Baoyu, I am afraid that it will collapse immediately .

Even so, Xiao Jiawei, Zhu Hong and others were also very busy.

Relatively speaking, the boss, Ms. Qiao Guoer, is an optimist in her own right. After entrusting the matter to someone she trusts, she becomes a big shopkeeper, which is naturally much easier.

When Xiao Qi came to the capital this time, he naturally called her in advance. The charming girl is not the kind of woman who can't live without her boyfriend for three days, so she doesn't have any special regrets.

Jiang Dahai brought a total of five cars over, all of which were Mercedes-Benz commercial vehicles. The car Xiao Qi and Tang Mingxiang sat in was in the middle of the convoy. Opposite the seat was a fat middle-aged man with a sad face.

"Mr. Jiang, aren't you going to be the general manager in another place? Why do you look sad? Could it be that you were sent to Qianzhou?" Xiao Qi asked jokingly.

From the moment he got in the car just now, Jiang Dahai had been so sad on purpose, so naturally he was full of words to talk to Xiao Qi.

Now that Xiao Qi brought up the topic, President Jiang naturally gave a wry smile and said: "Qi Shao, I don't believe you are not nervous, but you bet 5 billion US dollars in gambling chips!"

"5 billion US dollars?" Xiao Qi pondered for a while. Suddenly realized: "You are talking about oil futures!"

Jiang Dahai's eyes almost popped out: "Don't say you don't know!"

"Know what?" Xiao Qi asked back.

"A few days ago, it was about to break through 80 US dollars per barrel, but after entering August, the price began to drop. In the past two days, it has dropped as much as 2 US dollars. Our entire PetroChina is in panic!" Jiang Dahai stared at Xiao Qi and said, "Qi Shao, what are you up to lately? Are you not nervous or worried about such a big matter?"

"Oh, this, I know." Xiao Qi nodded, "It doesn't matter if it has risen for so long, and it has fallen a little bit. Why are you nervous?"

"However, since the president of Bear Stearns resigned a few days ago and the US real estate investment trust company - American Home Mortgage Corporation announced bankruptcy protection, the financial situation in the United States is now tense. It seems that many financial companies can't support it. Oil prices How can we sustain it?" Jiang Dahai almost cried: "It's rare, if the price of oil plummets, we will suffer a huge loss for the more than 1.2 billion barrels of oil we bought! How can Chairman Cao sustain it? live?"

The purchase trajectory of PetroChina was all discussed and purchased by Xiao Qi and Cao Zhichong.

From March to the present, they have bought more than 1.2 billion barrels of oil in the form of spot and futures, which are now stored in coastal cities. Or they are being shipped one after another.

A barrel of crude oil is usually more than 150 kilograms, and generally 7 barrels are 1 ton in weight. More than 1.2 billion barrels is about 170 million tons. Calculated at an average price of 62 US dollars per barrel, the purchase price of PetroChina is 75 billion US dollars. Adding the cost of transportation and storage, it can directly exceed 78 billion US dollars, accounting for almost all of PetroChina. cash flow. It is even enough to borrow 20 to 30 billion U.S. dollars from the National Development Bank.

Not only PetroChina, but in the past few months, the three giants, Sinopec, CNOOC, and China Aviation Oil, have also bought a total of more than 2.7 billion barrels of oil, and the four companies add up to 4 billion barrels. A total of 572 million tons of terrorist stocks.

In the field of oil circulation, PetroChina, Sinopec, and CNOOC are the three giants. However, if you add the consumption field, China Aviation Oil, which supplies 80% of aviation fuel, is also a super big oil swallower, so Niu Ruzheng is asking them to join in.

At the very beginning, everyone was very careful, but since June, after oil prices continued to rise, the three giants have also accelerated the pace of oil purchases. The super inventory of more than 2.7 billion barrels is also something they have never experienced.

You know, in 2006, Huaguo's total oil consumption was only 320 million tons, of which domestic crude oil accounted for 60%, that is, only 128 million tons were imported last year.

Based on the current inventory of 572 million tons, no matter how the economy grows, it will take two or three years.

If the price of oil really kept rising, then Huaguo's oil industry would have made a lot of money in this rising crisis, and those who implemented this plan would all be rewarded handsomely.

But if the subprime mortgage crisis is really serious and the price of oil suddenly turns downward, it will undoubtedly be a huge disaster.

The current subprime mortgage crisis seems to be a foregone conclusion. During the financial crisis, due to the decline in demand, the price of oil will continue to fall. This is an iron law. Therefore, in the eyes of many people, the current price drop is the beginning of the collapse.

Once it collapses, the damage to China's oil industry will be absolutely catastrophic!

Involving tens of billions of dollars in losses and decision-making mistakes, not to mention the giants in the oil industry, even Niu Ruzheng has to bear big ties. It's a little dangerous.

If it really comes to that point, Cao Zhichong, who is the most active in hoarding oil, will definitely be the biggest scapegoat, and he will definitely go to the end, like the general manager of CAO who was sentenced in Singapore and spent more than a few years in prison It is not unimaginable that China Aviation Oil lost 550 million U.S. dollars that time, and now Cao Zhichong is facing a huge danger of tens of billions of U.S. dollars! !

Jiang Dahai is Cao Zhichong's absolute confidant. If Cao Zhichong collapses, Jiang Dahai will collapse too. Not to mention being transferred to a prosperous province to be the top leader, or retiring safely to the second line, it may be a problem.

Being able to ascend to the position of the chairman of PetroChina, Cao Zhichong naturally has a heart, and he can still hold it steady, but Jiang Dahai is a little unsteady.

There is no other reason. The amount involved this time is too large, more than 570 billion yuan. Once the collapse occurs, no company can bear it! (To be continued..)