Chapter 1624 Surrounding Oil
In the previous life, it was only on January 2, 2008 that it reached the historical high of 100 US dollars, but in this life, under Xiao Qi’s continuous fanning, it has already exceeded 100 US dollars on December 27, 2007. In the past few trading days, it was firmly above $100.
At this time last year, the price of oil was around US$50. The price of oil doubled in a year, which is simply jaw-dropping.
If this price continues, as long as the oil price does not collapse, all oil-producing countries will make huge profits this year!
it is good.
This is just the whims of people who don't understand the oil market.
Anyone who really understands the oil economy knows that allowing the price of oil to soar is a huge hidden danger to both oil-producing countries and companies that use petroleum products.
If everyone stops using oil because of the oil price guarantee, then what's the use if you can't sell it at a higher price?
In the end, we had no choice but to lower the price, but this price reduction is beyond everyone's control, and it may directly cause an avalanche of prices. At that time, let alone 100, even fifty or sixty, we must look forward to it. It is possible to stop the decline.
Otherwise, do you think that OPEC is a fool, they don’t make money when they have money, and they cut production all the time?
That's because they want to maintain the long-term development of the oil market, instead of skyrocketing and plummeting every three days, otherwise the heart of the gods will not be able to bear it!
The same is true for companies that use petroleum products. If you have purchased high-priced petroleum and have not yet started to use it, the price suddenly drops by 20% or 40%. Then others are fighting a price war with cheap petroleum products. Oil is ridiculously expensive. Use as much as you lose!
Among those unlucky companies, Huaguo's Three Barrels of Oil and airlines, and even some companies that are not in the oil industry, were tricked into signing VAM agreements, and ended up losing money until they lost their pants.
If Xiao Qi wants to remind, he can only remind the biggest ones, so as to preserve the wealth belonging to all the people. That is immeasurable merit.
For those who want to get rich and want to go crazy, Xiao Qi can only help them to pray for good luck. I don’t know if they have seen my constant bragging about the theory of rising oil in major newspapers and magazines in Europe and the United States for more than half a year. If you have noticed, you will make a small profit recently.
In fact, it was not once or twice that Xiao Qi got into fights with those so-called experts in the oil field in Europe and America.
Although in the past six months. Xiao Qi was repeatedly ridiculed by them saying that laymen commanded experts, but after the price of oil continued to soar, the voices of these experts became weaker and weaker, and in the end they could only watch Xiao Qi showing off his power.
Taizu said that we must have the spirit of beating dogs in the water.
Therefore, the Golden Week holiday in January had just passed, and Xiao Qi immediately stood up and spoke again.
"I think the price of oil is far from where it should be! You think $100 is a high price, so you should be panicked? Wrong! The price of oil will definitely rise to $150 this year. The era of high oil prices belongs to us. It's coming. No one can stop it!" "It's ridiculous! Xiao Qi only won twice by luck. What is there to be proud of? Couldn't he see that at the end of December, the price of oil was only a little bit short of 100? It's been sideways for the past few days. Shock. It proves that the market simply does not have the strength to accept such a high price!" "I hate this kind of nouveau riche the most. He should focus on his own smart electronics market instead of the oil futures industry, which is full of variables! Even Buffett, Soros, and Rogers dare not make such predictions. He thinks he Who is it? He who listens to him is the greatest fool!" "Hehe, the U.S. economy is in constant decline. The European economy is also greatly affected. Everyone knows that when the economic development is good, the price of oil will rise, but when the economic development is bad, the price of oil will go up. It will fall. This is caused by the laws of the market, and I think Mr. Xiao Qi is too complacent this time." "How is it possible? The economy has weakened to such an extent, who can still afford crude oil worth $100 a barrel? The cost of raw materials is so high, who is willing to use it after production? The current oil inventory in the United States is still enough to last for a while. Time, once the oil stocks in the United States are gone, I believe they will not dare to buy in large quantities at such a high price! Only when the price of oil plummets will everyone start buying!" "..." In response to these criticisms one after another, Xiao Qi simply said a few words on his certified Weibo: "I bet that before July 31 this year, the price of oil will rise to 150 US dollars, and I will provide 20 billion If you are interested in a US dollar gambling fund, please contact me. If you only talk x, please shut up!" All of a sudden, those clamoring experts restrained a lot. Because Xiao Qi had slapped them in the face again and again in the past two oil bets, and anyone with a little bit of face would be embarrassed to argue with Xiao Qi again, let alone Xiao Qi's direct truth. The gold and silver were taken out and gambled. The rich did not dare to make trouble anymore, but the reporters without money shuttled between the various funds and investment banks on Wall Street, and started various interviews and sowing discord. For Merrill Lynch and Goldman Sachs, which have suffered repeatedly, the employees and senior executives kept silent about it, and even cursed directly when asked urgently. Citigroup, Lehman Brothers, Bear Stearns... Uh, there is no need to ask about Bear Stearns. The company that has already collapsed is still one of the promoters of the bet with Xiao Qi. If you ask, you may be beaten directly. For the remaining two companies, Citigroup and Lehman Brothers, Lehman Brothers executives responded directly, saying that they would no longer bet against each other, but would concentrate on their work. The answer from Citigroup is the same, but according to insiders, those families who exclude Xiao Qi and look down on Xiao Qi have already lost their important status because of this bet, while Xiao Qi’s Asian family who is close to him has won a big victory. Layers are gaining more and more advantages. As for some other funds and companies, none of them dared to challenge. The reason is very simple, Xiao Qi's grasp of the oil market is really too precise, so accurate that it makes people feel frightened! Hundreds of experts can't compare to Xiao Qi's judgment on the market, making people feel that he can see through the future! Gambling with such a foolproof person, it's simply that you have too much money and no place to spend it! Due to the celebrity effect, Wall Street's expectations for a sharp rise in oil prices have been raised because of Xiao Qi's outrageous words. As the saying goes, some families are happy and others are sad. The giants of OPEC are naturally very frightened, but at the same time, some other companies are very happy. For example, the three giants from Russia, Rosneft, Lukoil and Surgut Petroleum, have been very active on Wall Street recently. Why? Of course, it is because of the skyrocketing price of oil. Those who make a living by selling crude oil and products have made a lot of money! People's pursuit of money may still be limited, but for a profit-oriented company, the pursuit of money is absolutely endless! The three companies that have earned at least 3 billion to 10 billion US dollars more, seeing the situation so good and the situation so favorable, of course it is like a chicken blood, the first thought is to expand production! yes! Taking advantage of this wave of good market, the faster you can expand production and sell oil, the more money you will make! Even if the price of oil drops after a year or so, then according to the current rising trend, I am afraid that it will be around 80-100. Even if it drops to 60, such a price is still making a lot of money! Therefore, when OPEC may announce another production cut, they feel that now is the opportunity for their own development. It has been more than 16 years since the Soviet economy was directly destroyed, and the Russian economy has never recovered. Do not! To be precise, the economy of the former Soviet Union was not normal at all from its establishment to its collapse. The heavy industry in the Soviet Union was extremely developed, but their light industry and daily life industries were extremely lacking, which directly led to the low standard of living of the people. After the collapse, Russia is the same as them. Even after Putin came to power, it is still very dependent on the export of resource products. Among them, the export of natural gas and oil accounts for a huge share of their foreign trade. It is precisely because the energy economy is the lifeline of Russia's foreign trade that they are so anxious to make more money, so that they can show their prestige in front of the people of the country and let the leaders above value themselves more-you read that right, Russia's Most of these oil giants, like Huaguo, are state-owned. If you want to expand production, the most important thing is money! What is the most on Wall Street? Money chant! Therefore, Russian businessmen and brokers are jumping up and down on Wall Street, hoping to borrow a large amount of money to take it back and develop their own oil fields that can be exchanged for money! But now is the time when Wall Street is in dire straits, who can lend them much money? Even if Goldman Sachs, Morgan Stanley, Wells Fargo, etc. borrowed money, it was far from their expectations. Under such circumstances, they found a super rich woman who is said to hold more than 20 billion US dollars in cash. That's right! She is the so-called first genius girl... Tang Mingxiang! (To be continued..)