Chapter 1730 Shale Oil

The international economic situation continues to deteriorate, and the financial market is greatly affected. However, at this time, the prices of energy futures and precious metals such as gold continue to rise.

Among them, the price of crude oil has risen to 95 US dollars per barrel, and it is still rising today.

But at this time, many people became nervous again. Because the price of crude oil is about to touch the 100-yuan line, which is a line that many people think is impossible to break through.

How could crude oil break through the ultra-high price of one hundred dollars? Even if it is irrational speculation, those international financial speculators should leave the market.

Once this line is broken, it will be a huge loss for many major crude oil importing countries. Can those big countries watch the irrational rise in crude oil prices?

But they ignored that in the late 1970s, crude oil also broke through the 100-dollar line, and calculated according to the inflation rate, it was much higher than the current price.

When the supply is less than the demand, the price rise itself is normal. The demand for crude oil in the world has risen this year, and some OPEC members, like Iran, have cut crude oil production. Although leaders like Saudi Arabia have not announced it, it is true that crude oil is in short supply.

Do you want to say that China has no oil fields? Yes, the reserves are not too bad.

But just like the resources of island countries are not exploited, many resources in China are also restricted from exploitation. Some resources are mainly imported, and domestic resources are mainly used to increase production when the prices of related resources are inflated to stabilize domestic prices.

In the future, China's crude oil imports will rank first in the world, pushing the United States down because the demand is too great. And at that time, what measures did Huaxia take?

It is to establish joint venture oil fields abroad, that is, if you have oil, we will provide equipment to exploit it, and then return you the money, such as in places in Africa.

At this time, the United States still ranks first in the world in terms of crude oil imports. Because they have the largest number of cars and the most high-fuel consumption cars, many families have several cars.

The demand for crude oil is still growing, but some oil-producing countries have begun to cut production. Coupled with Feng Yu and other large funds, the price of crude oil will break through the 100-dollar line. Feng Yu believes that there is a possibility of more than 50%.

The reason why there is only a 50% possibility is that international speculators like the Rothschild family may not continue to speculate with Feng Yu and the others.

There is also Soros, who are also speculating in crude oil at this time, but they are also planning to exit and enter the gold market.

When large sums of money continue to withdraw from the market, there are fewer and fewer people following the trend to speculate. How can the price be pushed up?

But this possibility is when OPEC announces that it will not cut production. Once OPEC announces crude oil production cuts, the price of crude oil will inevitably be pushed up again, even without the participation of Soros and others. International hot money retail investors alone are a huge force.

And will OPEC announce a cut in crude oil production? Feng Yu's answer is, definitely!

Why?

The OPEC organization mainly exploits oil, that is, the oil originally stored in the ground, which can be extracted by drilling wells.

But at this time there is another way to get oil, and that is man-made oil.

The original man-made petroleum was synthesized from coal extracts, or from tar sands.

But now, the United States plans to launch a new type of technology on a large scale, and it is a so-called mature technology, which is to convert the extract from oil shale into synthetic oil.

This method has not been paid much attention by OPEC before, but when the oil company in the United States announced that it has mastered this mature technology, OPEC has to pay attention to it.

Because the United States, Canada, Australia, China, Congo, Brazil and other countries have relatively rich reserves of oil shale, and many countries such as Russia also have some reserves.

It can be found that the countries around the United States have a lot of reserves. Once this technology is promoted, it will inevitably have a major impact on the original crude oil price.

Moreover, major crude oil importers such as Huaxia are also researching this technology, mainly through the cooperation of some crude oil companies, even including Shell in Europe and so on.

OPEC originally complained when these energy-consuming countries replaced crude oil with natural gas, but OPEC is also a major exporter of natural gas, so it did not take any drastic measures.

There are also many countries that use coal and other energy minerals to replace crude oil and other energy minerals, which will affect the interests of OPEC countries. And the non-OPEC oil-producing countries should not be underestimated, such as the United States, China, Russia, etc., the oil production is also very large.

OPEC oil-producing countries have always wanted to consolidate and improve their status. At this time, the emergence of shale oil will seriously affect their status. How can they bear it?

The United States has always relied on Saudi Arabia for its crude oil imports. They are also worried that Saudi Arabia will use crude oil to influence their strategy, so they have long planned to renegotiate with Saudi Arabia and sign some contracts that are more beneficial to the United States.

Saudi Arabia definitely won’t do it, we didn’t do anything, and you, the United States, have no reason to attack me. Although your military strength is strong, Russia, China, etc. will never sit back and watch you bully us, so Saudi Arabia refused without hesitation. US request.

At this time, the shale oil technology of the United States was announced, and Saudi Arabia went to the United States to discuss it. Shale oil cannot be exploited and produced on the grounds that it contains some harmful gases, which are difficult to control.

But it is difficult to control, but it is not impossible to control. The exploitation of oil itself may pollute the environment.

How could the United States agree to Saudi Arabia’s conditions? We finally succeeded in researching this technology, and the cost of synthetic oil is not particularly high. Why not do it? If you don't do it, isn't the previous investment all lost?

The United States disagreed, and countries such as China naturally ignored Saudi Arabia at all. If we don’t want to produce this, it’s fine, you can sell us cheap oil, and Saudi Arabia can’t agree.

Now that the negotiations are still ongoing, the attitude of the United States is ambiguous, but Feng Yu is sure that the United States will never give up shale oil in the end, and Saudi Arabia will definitely lead the OPEC oil-producing countries to collectively announce production cuts in order to teach the United States a lesson. As a result, crude oil production has dropped significantly.

As a result, crude oil prices are bound to rise again. And the financial speculators who got this news will never let go of this good opportunity.

At that time, the price of crude oil breaking through $100 will be unstoppable!

... (To be continued.)

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