Reborn 80s

Chapter 1020
"Meta invests in the following oil exploration companies. What is the daily oil production volume?"

Liu Manzi recalled the information she had seen. Oil was a strategic resource. She had been working in Xiangjiang during this period. Naturally, she paid a lot of attention to oil-related information and data.

"350 million barrels! In terms of PIW, we are at the top."

PIW is a ranking made by Petroleum Intelligence Weekly. It does not rank by company revenue, but by the oil and gas reserves and production of oil companies.

Several oil companies under Meta Investment are scattered, so they are not ranked high on the PIW list, and they are not even included in this list.

After all, this list only collects the top 50 oil companies in the world.

Saudi Arabia's Saudi Aramco is naturally the world's number one oil company. Its daily production volume is quite high, with an average daily production volume of tens of millions of barrels.

Its original output accounts for 1/8 of the world.

This is undoubtedly a quite exaggerated figure.

Of course, this also gives Saudi Arabia an extremely strong influence in the energy field.

Chen Huaiqing calculated that the daily oil production is more than 40 tons, and the annual output is 1.75 million tons.

To be honest, the output is undoubtedly quite high.

"Oil prices are falling quite fast now!"

Liu Manzi: "Boss, Mota Touching Light is asking whether to purchase oil to replenish the inventory now."

The peak oil reserves of Mota Touchlight Petrochemical reached 3 million tons, but what about now?
There are only 1000 million tons left.

Where did all the oil go?
One is that the Mo Tower touched the light and petrified itself and was consumed, and the other was that part of it was sold.

Part of it was sold to domestic petrochemical companies, and part of it was given to Neon Touch Light Petrochemical.

Neon Touch Light Petrochemical is naturally able to get it at a price lower than the market price.

There is a difference between the market price and the actual transaction price.

This is a very normal thing.

Chen Huaiqing stared at the downward trend of oil prices.

In July, oil prices hit a record high, reaching more than $7 a barrel.

Then came the big plunge!
It has to be said that the world is changing too fast.

The rapid collapse of oil prices has a lot to do with Meta investment.

Because Meta Investment is short selling aggressively.

Moreover, Meta Investment also released an economic analysis report, in which it analyzed that the world has fallen into the brink of an economic crisis of a great recession.

Anyway, there is only one meaning. If we do not respond well, the global economy will face a major recession.

If the economy is not good, the demand for oil will definitely decrease.

On this point, there is nothing to say at all.

Chen Huaiqing really doesn't know how oil prices developed at this time in his previous life.

However, in Chen Huaiqing's heart, there is a limit to oil prices.

Obviously, the price of oil has now dropped to more than 70 US dollars, which is considered a relatively normal and reasonable price.

As the world's largest traded commodity, oil's price fluctuations are indeed a bit too intense.

reason?

Naturally, it is because various speculators are making waves in the market.

How to make money without fluctuations?

Chen Huaiqing: "Don't rush now, wait until the oil price drops below 50 US dollars, and then buy."

The climax of the subprime mortgage crisis has not yet arrived. When it turns into a global economic crisis, oil prices will definitely collapse to the bottom.

Don't expect the price of twenty dollars, but there is still a great possibility of it being thirty dollars.

It's September, when the new semester begins and the first-year high school and freshman students are undergoing military training.

News came from the United States that Fannie Mae and Freddie Mac were taken over.

We originally wanted to rescue and smooth out the crisis by injecting funds, but in fact, the loopholes of the two companies are too big to be feasible at all.

The entire month of September was indeed a bit scary.

Lehman Brothers declared bankruptcy a week after Fannie and Freddie were taken over.

That's Lehman Brothers!
A company founded in 1850, it is one of the four largest investment banks in the world. Best Investment Bank in 2000!
Now, it is suddenly declared bankrupt.

Since last year, some bad news has come out of Lehman Brothers, but everyone feels that it is nothing for an old company.

Over the past century and a half, it has experienced countless ups and downs.But they all persevered, and now this little storm is nothing.

In our hearts, we were not at all prepared to say that it would go bankrupt.

Like a thunder on a sunny day, it is shocking!

In his last life, Chen Huaiqing had seen the news about the bankruptcy of Lehman Brothers.

CCTV reported continuously for a long time.

Moreover, this matter should be regarded as a landmark matter.

Meta Investment was also involved in this matter and made a lot of money.

After all, shorting Lehman stock is quite profitable.

Previously, Lehman's plate was quite large.

Profit of tens of billions of dollars is not bad.

At this time, Chen Huaiqing also asked Meta Investment to start liquidating some transactions. Short selling and so on were no longer necessary.

The next step is to select high-quality companies and re-buy the stocks of these companies.

Sun Congxuan looked at the news from ATV with a look of shock on her face.

ATV News Channel is a very important channel of ATV and the only one that loses money.

Broadcast news 24 hours a day.

24 hours a day, there are areas of the earth that are in daylight at any time, and too much news happens every day.

ATV uses its own satellite transmission system to transmit news back in real time around the world.

Chen Huaiqing crossed his arms with a very indifferent expression on his face.

Sun Congxuan: "You don't seem surprised at all?"

Chen Huaiqing smiled and said: "There's nothing surprising. Weren't we expected that Lehman Brothers would reach this point?"

If a problem arises, there is no problem in just replacing the president.

If something goes wrong, someone must be responsible.

The former president must bear unshirkable responsibility.

However, if you want to replace someone, just replace him, but you don’t know who to replace him with.

Saving a building from collapse is not something that ordinary people can do.

Every time it can be done, it is a miracle.

It is not too difficult to develop a small business into a large enterprise.

After all, this company is healthy and full of vitality.

But if you want to save a large company, especially if there are problems in its operation and there is a large amount of debt.

This is extremely difficult.

Because this big company is full of problems and is terminally ill.

There is no cure except medicine and stone!

Faced with this situation, who would dare to serve as the president of Lehman Brothers?

As long as he becomes the last president, he will be the last president.

People don't care how critical the situation was when you took over.

Everyone will only see that you, the president, are incompetent and failed to save the company.

Sun Congxuan let out a breath. She studied in the United States before, but she knew how powerful the four major investment banks were.

But now, go directly to one of them.

It's too much of an exaggeration.

The glory of the past has suddenly become a passing cloud, which makes people feel chilly.

(End of this chapter)