Chapter 1812: Hoard Oil and Make a Fortune

Yang Cheng was also very irritable and asked Conrad for a cigar and started smoking.

Conrad complained, "If I had known that the price of crude oil would rise so quickly, I would have bought two tankers to store oil. The key is that there were no pirates at that time. I drilled into the depths of the Atlantic Ocean and now I have twice the income." ~”

Yang Cheng was amused. This was really not just a casual comment. It was very difficult for ordinary people to make money by hoarding oil, but for Conrad, it was not too easy to make some pocket money by hoarding oil.

Even ordinary people can do this as long as you have enough funds. For example, if you are a loser and suddenly win tens of millions in lottery tickets and want to make more money, you can do it. No background or background is required. Network, as long as you have money!

How to do it? It’s also very simple. First of all, of course, you need to buy crude oil. Where to buy it? Who to buy from? For ordinary people who have no connections or background, considering the need to get rid of all kinds of cumbersome procedures and restrictions, the most convenient and direct channel is to find a crude oil futures trading center where they can buy and sell freely.

For example, in the United States, CME - Chicago Mercantile Exchange, NYMEX - New York Mercantile Exchange.

What is generally traded here is WTI light crude oil. Of course you will not see barrels of crude oil piled on the ground in the exchange, but what they sell are genuine crude oil spot and futures. In short, there is absolutely nothing wrong with buying and selling here. .

Regardless of spot or futures, the transaction is the same as other commodities. Sign a contract and stipulate the type and quantity of the delivery goods, delivery location and date and other details. When the contract expires, the seller's physical crude oil will be delivered to you. .

So don’t worry about being deceived~

Of course, there is a difference between a commercial exchange and a shopping mall. It is impossible to buy immediately. Just like stocks, you need to open an account first. Of course, to trade on the New York Mercantile Exchange, you also need to obtain membership.

How to obtain membership? There is no need to find someone to trust you. Again, as long as you are not short of money and have a clean personal identity and background, there will be no problem entering the market. That is, you only need to pay a deposit, which is not much. A few hundred thousand dollars is almost enough.

Once you have obtained the admission qualification, you can officially enter the venue.

What you have to do at this time is to screen suitable sellers and buy their crude oil. Of course, the so-called screening is actually not very useful. The main thing is to see whether there is a suitable quantity for you to buy. After all, it can easily reach tens of millions. An extra 100 barrels of oil will be enough. The difference is hundreds of thousands of dollars in profit.

Although this set of operations and applications is not difficult, it is too troublesome. Besides, oil prices wait for no one. Maybe by the time you finish this series of procedures, oil prices will skyrocket. What should you do?

Find an agent!

There is no shortage of smart people these days.

There are many people who do it when middlemen make money from the price difference, so you have spent so much money. Don’t be stingy with the small money. Find a futures trading broker directly to help you complete these complicated operations. You only need to be responsible for paying the check and using your words. good.

Well, at this point, you have entered the threshold of the oil hoarding army.

Next comes the exciting part - buying oil.

For buyers, there is a wide range of choices. As long as you don't have difficulty choosing, you can always find the crude oil you like.

But this is not about choosing a wife, there is no need to pay much attention to it, just choose crude oil from major oil fields in the United States and crude oil produced from some oil fields in Canada!

The rest is not difficult. When buying a futures trading contract, choose the one with the closest delivery time and the sharpest price drop. When the agreed contract time is up, just drive the ship to pick up the oil.

For crude oil futures bought on the New York Mercantile Exchange, the designated delivery location after expiration is in the town of Cushing, Oklahoma, in the central United States. Remember this place. Don't go to the wrong place and be punched out. That is irresponsible.

The town of Cushing is an important oil delivery town in North America. Oil pipelines extend in all directions. The oil produced in many oil fields in North America is transported here through pipelines, and then transported to various delivery locations through pipelines, just like the central hub station of high-speed rail.

This town now has more than 3 billion barrels of WTI crude oil futures contracts traded here every week, which is a large amount!

Some people wonder that although Cushing is a crude oil delivery place, it is not close to the sea. How can it be transported to oil tankers?

The principle is the same. There are countless oil pipelines here, connected to the crude oil ports in the Gulf of Mexico at the southernmost tip of the United States.

Therefore, in theory, as long as the delivery date of physical crude oil arrives, you drive a tanker to the Gulf of Mexico port and load the crude oil transported from Cushing onto the ship. This is considered delivery complete, commonly known as "picking up the goods."

Don’t underestimate big and bulky things like oil tankers. They are both transportation tools and storage equipment. Tens of thousands of tons of crude oil are stored in the oil tankers. It is safe and convenient to “store” them at sea.

Just stop on the high seas, wait for the oil price to rise, and then just dock and unload the cargo. Simple, right?

There is no problem with the process. Did you find that there is still a missing tanker?

Buy it! Anyway, I’m not short of money. I can buy a certain treasure like a rocket, let alone a tanker!

Of course, if you are worried about unreliability when buying online, then you can find an intermediary company. You don’t have to go far away because there are intermediary company offices at the port.

They have complete sales information. They have oil tankers of various models and origins. The prices range from hundreds of thousands to tens of millions of dollars. You can also see prices ranging from 100 million to 200 million. Anyway, it depends on your ability. The so-called people How bold are you to have as much production as you want? Buy as big a tanker as you want and carry as much oil as you want. Don’t worry about overloading. This is not a big truck and can capsize easily!

There are not many types of oil tankers, roughly six types, and the Suezmax tanker mentioned earlier is one of them.

The smallest is the offshore type, with a capacity of 10,000 to 60,000 tons. Most of them are used to transport refined oil products. They run along the coastline and cannot go far.

Next up is the Panamax, with a capacity of 60,000 to 80,000 tons, with the upper limit being able to pass through the Panama Canal.

Afra type, 80,000-120,000 tons, this type of tanker is cost-effective, cheap, has a high loading capacity, and has good adaptability to ice areas. If you are hoarding oil in North America, this type of tanker is more suitable.

Then there is the Suezmax, which is 120,000-160,000 tons. It is the largest oil tanker that can pass through the Suez Canal when fully loaded, and can sail across the ocean.

Then there are the very large oil tankers, which many people often hear, 160,000 to 320,000 tons. They are absolute giants on the sea. Consider that the largest aircraft carrier is only over 100,000 tons.

The largest one is a giant oil tanker, also called a giant oil tanker, which is 32-55 tons and looks like a castle on the sea.

How big a ship you buy depends on how thick your wallet is. If you need to pick up goods in the Gulf of Mexico, if you need to sail across the ocean, a small ship is definitely not suitable. It is more than 300 meters long and 300,000 tons. It is also the mainstream oil tanker on the ocean now. It maintains its value and can be resold after it is used up, and the original cost can be recovered.

As for the price, it depends on the age of use. It was produced 10 to 20 years ago, and now it only costs 20-30 million US dollars, which is not expensive!

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