Chapter 93 The Dust Has Settled

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"It can't absorb that much, otherwise all the lake water will be absorbed..." Contini smiled, "This is an attitude. If the order is passed, the lakes and reservoirs near the port area will be temporarily registered and used as storage capacity. I would like to Let’s see who can sell more, or I can take more!”

In fact, using lakes and reservoirs to carry crude oil is a bad idea. If this continues, even if the crude oil is pumped away, the ecology of these places will be destroyed and animals and plants will not continue to grow. Contini knows these environmental hazards, but he does not ignore them. With this kind of momentum, it will not scare the businessmen speculating outside.

Sure enough, on July 28, "Youth Daily" published a news report that Lake Mobley in the suburbs of Naples is currently being drained. "This is a natural lake with a volume of up to 4 million cubic meters (Author's note: West Lake has a volume of 1,400 cubic meters). 10,000 cubic meters), which can store approximately 30 million barrels of crude oil. Faced with the current shortage of storage capacity and the continuous influx of reserve crude oil, United Group is trying every means to accommodate it. We have currently found 17 suitable ports. The lakes range in volume from 1.4 million cubic meters to 12 million cubic meters and can accommodate 400 million barrels of crude oil. At the same time, the United Group has also inspected several reservoirs. Comprehensive utilization can free up more than 100 million barrels of crude oil. Capacity... In short, the credibility of United Group lies in carrying out unlimited open purchasing and storage, and we will never back down..."

On August 4, United Bank announced that foreign exchange exchange has exceeded 800 million. The central bank has authorized United Bank to manage foreign exchange with a remaining amount of 400 million. However, please do not worry. United Group currently has 300 million US dollars in foreign exchange on hand, which can be released. Italian residents and companies that have opened accounts at United Bank for more than three months can, if necessary, exchange the full amount of lira in their accounts in current form into foreign exchange without the need for foreign exchange review.

As soon as this statement was released, it immediately caused an uproar. Many companies and residents went to apply for it. In less than 3 days, the consumption exceeded 200 million, but it could not be exchanged anymore, because all the working capital was gone. You need to take out the fixed term and turn it into a current demand and then release it, or sell the bonds to exchange for lira and then release it. But the lira exchange rate has not changed. Is it necessary to break your head to exchange for foreign exchange?

"Madman, he is a madman... He really plans to turn the lake into an oil storage place!" Baldwin frowned and cursed when he saw the telegram sent from the front.

Originally, with the last 5 million barrels of domestic storage capacity at full capacity, the crude oil that continues to be imported will have nowhere to put it. Under such circumstances, either the United Group will be forced to give up the idea of ​​unlimited purchases and storage, or it will default due to its inability to perform the contract. , either situation is enough to cause market panic, but now, the United Group has unlimited storage capacity. It is difficult to manage managed reserves, and it is also difficult to find open-air lakes and reservoirs? Not to mention that as long as a medium-sized lake can accommodate a month's output of Persian oil, the British really don't have to make such a money-losing deal.

Now sold at a price of 0.97 US dollars a barrel, Persian oil still makes a profit of 0.1 US dollars, while Shell shipped back from the Far East has almost no profit, and almost every barrel of crude oil shipped back from the United States is at a loss. If there is hope, there is still room for continued struggle. If there is no hope, it will be troublesome for the United Group to fully control the supply of European crude oil. Now, in order to meet the demand for cutting, several major oil companies no longer care about the normal supply of crude oil, and all these supplies are in the hands of the United Group.

"I think the crude oil issue can come to an end, and we can notify a few companies to end it appropriately." Chamberlain suggested, "Let's work hard on foreign exchange..."

The peak of the August contract finally passed safely. In order to prepare for the upcoming delivery, the United Group had basically drained the lake. However, in the last two days of delivery, a mysterious large order suddenly appeared in the market, directly at 1.01 The price of the U.S. dollar absorbed all the selling orders from the exchange, and even left more than 2,000 orders sealed on it.

According to the definition of unlimited purchasing and storage, it will come to an end as long as one price exceeds 1 US dollar. However, Leo and others did not dare to neglect, and continued to rush to the front line to prepare for the possible impact of the September contract.

But in the next few days, the price of crude oil began to rise steadily, rising hard from 1.01 to 1.02, and finally reached 1.05 US dollars. The opening price, closing price, and average price all exceeded the bottom line of 1 US dollar. As for the expected The impact of the September contract seemed to have disappeared as if it had never been considered.

"This is because the opponent has retreated..." Contini smiled, "Their losses will not be small this time. Although we are in a little trouble, we should still make money. Now we have the United Refinery to start refining in three shifts and consume it quickly. Surplus crude oil, otherwise the storage capacity will really explode, but this also reminds us that the reserve must be built more quickly, otherwise we can be more calm when encountering a shock next time.”

The impact of crude oil has subsided, but the impact of foreign exchange does not seem to be over yet. Not only has 80% of the US$300 million in foreign exchange declared by Union Bank been consumed, but the US$1.2 billion originally provided by the central bank has also been consumed by nearly US$1 billion.

"Lending another $200 million to the United States."

"What's the mortgage?" Leo rolled his eyes and said, "Everything that can be pledged has been handed over."

"Can't mortgage it?" Contini thought for a moment, "Reduce part of my holdings in Radio and General Corporation of America, and then mortgage all the crude oil and United Petroleum's production in the second half of the year, and try to get another $100 million. return."

Now the stock price of Radio America has exceeded 175 US dollars per share. Contini has more than 2 million shares that have not been mortgaged. Adding in the General Motors stock, it is basically a drizzle to exchange for 50 million US dollars, plus oil , then it is quite easy to raise US$100 million...

If it were the former Contini, he would have loaned it out without hesitation. What would the interest be? But this time he was really angry and slapped the table: "You are such an ignorant bastard, it seems I am too polite to them!"

He made a phone call to Mussolini: "Leader, I want to report to you an extremely urgent situation. The Bank of Siena dared to ignore your instructions and make large-scale loans to foreign countries in violation of regulations, in an attempt to increase the number of international hostile elements attacking the Italian financial system." Ammunition, this phenomenon must be punished!”

"Calais, you're right! What do you think we should do?" Mussolini has been wandering around the Prime Minister's Office for the past two days. Foreign exchange is bottoming out day by day. He also knows that the situation is serious. This may cause the financial system to collapse. This Five years of hard work have been in vain, not to mention that he will also step down. So this time, Mussolini has not dared to use the 100 million US dollars quota given to him by Contini. Compared with money, his own The political future is more important.

He was also extremely anxious when he heard that crude oil purchasing and storage had also been attacked two days ago. Although he did not understand purchasing and storage, he was not lacking in political sensitivity. Open purchasing and storage is the external commitment of the United Group, and it also symbolizes Italy's national credit. If it does not accept or give up, it proves that Italy's national credit is completely a piece of waste paper. Following this inference, the lira currency value will remain The promise of stability was definitely a waste of paper, so when Contini said he wanted to commandeer the lake to store crude oil, he agreed without hesitation and even sent engineers to help. Although the lake incident is over now, the Siena Bank incident cannot just be let go.

"Liberating foreign countries and betraying the country's financial sovereignty is tantamount to treason. Arrest them immediately!" Contini gritted his teeth and said, "Use planes immediately and dispatch the leadership guard to arrest the president and board members of the bank! Anyone who resists arrest will be shot to death on the spot!"

"Is this good?" Mussolini was shocked, "These members have quite a lot of background behind them!"

"Leader, in troubled times, heavy punishments should be used. This is digging into the foundation of the party and your governance. If you can tolerate this, you can pay it back in the future!" Contini advised, "Besides, it is just an arrest, not a conviction. , it depends on the later performance! It’s not up to you to decide whether to kill or release?”

"Okay, then it's settled! I'll send troops right away! I'm going to give these bastards some color!"

After putting down the phone, Leo and Francisco were stunned, "Really want to arrest people? Arrest people for such a thing?"

"This is no small matter!"

“The problem is this is a private bank!”

"Private banks must also accept the leadership of the party. What is unified management? Private banks can do whatever they want regardless of national security?"