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Chapter 278: Honor and disgrace

Time has been extended infinitely.

Short and long.

For many, the London oil price ranges from $34 to $30 for a few minutes, which is as long as the days from $30 to $34.

Traders on both sides shouted out the latest data in a staggered manner like artillery range finders.

“London $30.20.”

"London fell 10 cents."

“New York $30.50.”

“Tokyo $30.30.”

"London! London $29.6. London fell below $30!"

The traders in the hall paused for a very brief moment, almost undetectable. This was a wonderful feeling, as if they witnessed the end of a battle.

Hearing the offer of $29.6, Zhu Enbo sat back on the chair in depressedly, his whole body was limp. All his energy was so strong that he was in sight a few days ago.

"Director Zhu, the bank requests additional deposit, is it necessary?" The deputy was conscientious and snatched in Zhu Enbo's ear. It would not be possible if this was not the case, the villa was already clamoring like the front line.

The market is the cruelest environment. It doesn’t care about your ideals, your longings, or your future... The tragic and sacrifice cannot get any sympathy, and can only lick your wounds alone.

Junbo was so confident that "I am right", so when the collapse came, he fell first.

This is not a playhouse. This is US$25 million in national reserves, which is the country's money. If it is exchanged for RMB, it is worth more than 200 million and can buy a state-owned enterprise with thousands of people. In just two days, it has lost all the assets of a large enterprise. This mistake cannot be overstated!

"Chapter Zhu!" The deputy almost pressed against Zhu Enbo's ears and shouted: "If you don't add a deposit, you will be demolished."

Zhu Enbo's little eyes trembled for a moment, and said with a long exhale: "Please add it."

He didn't have many choices, and he had a margin and had a chance to turn the bank. If the oil price rose again, he would still be a US$200 million plate. If he didn't add margin, it would mean that there would be a substantial loss, whether it would be a loss of 5 million or a loss of 25 million. What's the difference? His monthly salary is less than 1,000 yuan, and the three generations of grandparents and grandchildren are not clear.

The deputy asked him to sign the document, and then stumbled to find Director Huang to sign it.

Director Huang also stood there blankly, watching the traders from the National Reserve Center and Dahua running wildly like teenage mice on drugs...

Then, he recalled what he said to the four young people not long ago: "The futures market is changing, and only a few people can seize the opportunity. When I was young, I didn't dare to think of such a good thing!"

It’s indeed a change of circumstances. But it’s not a good thing!

Director Huang signed the document as if he had accepted his fate, as if he had signed his own critical illness notice.

The National Reserve still has millions of dollars in cash in the account, which was originally very abundant. At this time, it became very short of money and I don’t know how long it could last.

Yue Zhengyu and four young people were still excited just now, and they even didn't understand what was going on - why two minutes ago, everyone was talking and laughing. Two minutes later, it was like a hurricane passing through the border!

Look at the information and drawings all over the ground, and see how these guys yell!

It's like a zoo!

A trader of the National Reserve asked the foursome if he was coaxing a child. With his explanation, the foursome's faces changed from red to white, from white to red, and from red to blue to black…

In the end, the tall young man roared, ignoring the existence of the senior officials and exerting his old fists on the trader.

The trader has a long nose bleeding, and he has to continue to explain: if you don’t increase the margin, you will have nothing. 500,000 is gone. If you increase the margin, you cannot guarantee that 500,000 is still there, and you can only live a life. However, if you continue to fall, you will have to lose all the margin with an additional US$500,000.

Ten times the leverage will lead to ten times the profit, and ten times the loss.

The so-called difficult decision, that's it!

The wolf ran and the pig in the hall, like the command center that was defeated and transferred.

The people around the important officials of the Su clan disappeared, and the people who spoke with fun disappeared. The people who looked at their faces also disappeared.

The youngest of them have been in politics for more than 20 years, and have experienced countless big and small things in their lives. Such scenes of subordinates being unable to take into account the leadership. They have also experienced wars, major disasters, special cases, political movements... However, what happened so quickly and so violently is very rare.

Everyone couldn't help but turn their eyes to Sucheng.

I saw Su Cheng sitting firmly on Diaoyutai, his posture and movements were no different from when the oil price fell. He seemed to have expected it, and he completed the work at hand without any haste. He wrote a note and ordered someone to hand it over to Su Zhenguo.

The scene is so noisy that it is impossible to be quiet. Handing the notes is the most suitable way.

Su Zhenguo was a little presbyopic and asked his secretary to read the notes.

The latter held the note and said to everyone in the loudest voice as possible: "In the Associated Press, US President Bush approved the use of US strategic oil reserves of 60 million tons, and put 1.12 million barrels into the market every day, and the first batch of 5 million barrels."

This is the negative news that Sucheng is waiting for.

The large amount of oil entry, coupled with the increase in production from Saudi Arabia and the UAE, means that the oil supply exceeds oil output, and it clearly expresses the attitude of Western countries such as the United States.

Oil prices of $20 are the best line for Western economies. Too high will cause inflation, and too low will harm technological progress and harm the interests of oil companies. $30 is a warning line. If it exceeds it, the economy will have problems.

$35 is a high-voltage line, which means the arrival of the third oil crisis.

After two oil crises, the United States and other Western countries can no longer bear the third oil crisis. From a grand strategy perspective, the United States would rather let Iraq occupy Kuwait than cause a new round of oil price increases. At the same time, the Soviet Union was increasingly relying on oil foreign exchange to maintain its fragile domestic economy.

From any perspective, the United States needs low oil prices first, followed by fairness and justice and bribery from the Kuwait royal family.

It was precisely because of these two points that Saddam blatantly launched an invasion of Kuwait and announced that it would be changed to "Kuwait Province".

Judging from the attitude of hindsight, Lao Sa did this because he was crazy and was beaten up in vain.

But before the incident, Saddam's strategy was recognized by many people. Since the 1970s, the Middle East War has affected oil prices every time, and the oil crisis has made Western countries miserable. The small Kuwait will destroy the country. Is the United States really "no selfishness and devoted itself to others"?

Could it be that the third oil crisis was caused by Kuwait? The Balkan powder kegs were lit by a pistol. How safe can the Middle East oil tanks be?

Who can guess that the United States has the patience to make arrangements for 5 months, from August 1990 to January 1991.

The most rare thing is that the five-month layout has really allowed them to eliminate the pressure on oil supply and demand brought by the war.

It is estimated that no one except Bush and Gorbachev have expected this.

In terms of consequence, these two people are mostly in-law relationships! The heroes who are truly "no self-interest and dedicated to others" are hidden behind the scenes. For example, the Soviet Union. Later generations only saw how powerful the United States was, and almost forgot the dedication of the Soviet Union. Iraq was an important ally of the former Soviet leaders who tried their best to intervene in the Middle East. Gorbachev sold it without saying a word.

Of course, even East Germany can give up, what is Iraq?

In general, due to the end of the Cold War, the entire late 1980s and early 1990s were in chaos. Everyone, including politicians and entrepreneurs from various countries, was adapting to the transition from a bipolar world to a unipolar world.

The Gulf War has intensified the chaos again.

During this period of time, different people can make different wrong judgments and those who can make correct judgments can either predict the results or have a lot of luck.

In contrast, the former certainly does not have the former insurance.

During the rising oil prices, Sucheng was very worried about memory errors or some messy butterfly effect.

Before oil prices really fall, Sucheng's heartbeat will accelerate a little for every 1 million barrels of oil purchased.

The goods worth more than 30 million US dollars are still purchased at a loss. Even though we know that the oil price will fall, we are facing a situation where oil prices are rising. The loss of hundreds of thousands or even millions of dollars every hour lasted for two full days.

The only thing Su Cheng can do is focus and focus.

The notes were passed on among the important officials of the Su clan in the order of Su Dongyuan, Cao Jiyuan, Duan Yuanguang and others.

After a while, Cao Jiyuan completely digested the news and patted his head in sighing, saying, "I can't guess it. Didn't it mean that on the 11th, the international energy-controlled agency also invested more than 2 million barrels of oil? It was fine at that time, why did the United States invested more than 1 million barrels of oil and something happened?"

He was talking about the discussion between Sucheng and Professor Dai. At that time, Sucheng proposed the negative effect of the US strategic oil reserves being released into the market, and Professor Dai used the "release" of the International Energy Agency to refute it.

Indeed, the news on the 11th was calm, and the market did not even have a change of $1. It was natural to think of it at that time. In 1990, the world had to consume 37.5 million barrels of crude oil every day, of which the United States had to consume 17.65 million barrels and 2.5 million barrels of inventory. What's the point?

But it was today's news that led to the effect of landslides and earth cracks.

Duan Yuanguang is a person on the financial line. He looked at Su Cheng from afar and said, "Today's incident requires us to think deeply about the analysis of information. Information that looks similar has produced different effects..."

Several people nodded together.

After today's events, they also had a certain degree of association with the Gulf War.

What you say is always useful.

Experts and professors at the Center for Policy Research have clear arguments and clear arguments, and they cannot produce such shock in front of them.

A decision, hundreds of millions of funds are alienated. A flash of thought, the value created by tens of millions of people disappears in the wind...

There is no clearer argument or clearer argument than such a reality.

Su Zhenguo suddenly laughed and said in a daze: "Okay, when you see this, you know everything you should know. What do you think?"

Duan Yuanguang said without hesitation: "If you are not surprised by honor and disgrace, you can achieve great things."

"1 billion US dollars is already a big deal." Cao Jiyuan laughed and looked at Su Dongyuan interestingly, saying, "I don't object."

"That's fine." Su Zhenguo stood up and laughed: "It's time to go back to bed."
Chapter completed!
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