Siheyuan: I am Jia Dongxu's cousin

A week later, Zhang Weiguo looked at the oil quotation that Lin Qing brought, and immediately slammed the table and said loudly: "Lin Qing, notify the purchasing department to purchase the oil with all their strength."

"But boss, our oil storage warehouse and acquisition team are not ready yet. Isn't it too early to acquire it now?" Lin Qing reminded.

Zhang Weiguo didn't explain to Lin Qing, and said firmly: "I don't care about that. Just buy as much as you can. If you don't have a place to store it, you can rent it. Compared with the current oil price, everything is not a problem."

"This...Okay, I'll go inform them now."

After Lin Qing left, Zhang Weiguo looked at the oil price of $1.80 per barrel and his eyes kept bleeding.

I was careless! It was all caused by empiricism.

In his previous life, when watching the video, Zhang Weiguo only remembered that the price of oil rose from 3 US dollars to more than 10 US dollars, so he subconsciously thought that the current price of oil was about 3 US dollars. In addition, Zhang Weiguo did not ask anyone to report the current oil price before, which led to this subjective judgment.

In fact, this is because Zhang Weiguo ignored the greed of capitalism.

Before 1973, the price of oil was controlled by seven major companies. You should know that the current price of coal is 3.7 US dollars, which is about twice the price of oil. And the price of 3 US dollars was only achieved after the resistance of those Arab oil-producing countries.

In fact, the fundamental reason why oil was so cheap in 1973 was the Seven Sisters of Oil that controlled global oil prices.

The term "Seven Sisters of Oil" was first used in a report by the British Reporter in 1975.

The Seven Sisters specifically refer to the three periods of formation and development of the seven major oil companies.

In the first stage, the seven major oil companies were initially formed. This stage mainly consisted of seven companies that won the competition among many oil companies in the world at that time. They were Standard Oil of New York, Standard Oil of California, Standard Oil of New Jersey, Texaco, Gulf Oil, British Persian Oil Company, and Shell.

It is worth mentioning that Standard Oil of New York, Standard Oil of California, and Standard Oil of New Jersey were all split off from the original Standard Oil. If Standard Oil had not been split up by the American government, Texaco and Gulf Oil, two American oil companies, might not have been able to survive under the pressure of Standard Oil.

It has to be said that America is very good at splitting up its own large companies. The original Telephone and Telegraph Company was split up in the same way.

The second stage was the "marriage of the seven major oil companies" and the establishment of the cartel.

Around 1925, seven major oil companies launched a large-scale price war in order to compete for customers around the world.

Unless the price war is won, it will hurt the seven major companies. As our ancestors said, it kills one thousand enemies and loses eight hundred of your own.

Soon the seven major oil companies also realized this and began to seek change, and then the following marriages took place. The marriage here does not refer to the seven major companies, but the seven major companies each looking for major oil-producing countries in the world to "marry" each other.

Through this marriage, the seven major oil companies and the world's major oil-producing countries (i.e. Middle Eastern countries) formed a complex community of interests. Later generations called this complex community of interests the cartel of the monopoly capitalist oil market.

The third stage was the period of rapid development of the seven major oil companies.

Between 1950 and 1970, the seven major oil companies developed rapidly and successively took over many large oil fields in the Middle East.

Such as Iran's Ahvaz Oilfield and Mayon Oilfield, Iraq's Rumaila Oilfield and North Rumaila Oilfield, the UAE's Mshaif Oilfield and Zakumt Oilfield, and Saudi Arabia has as many as 17.

You should know that most of these oil fields were acquired by the seven major oil companies at a relatively low price.

Then there is Chevron, which ranks last among the seven major companies.

According to the other party's financial report, Chevron's assets reached US$1972 billion in 83.45, and its annual oil sales reached US$55.19 billion.

You should know that Zhang Weiguo sold nearly 29% of Huaxing’s shares to get more than 35 billion US dollars, and together with the high profits of the Flower Planting Group in the past two years, he was able to make up billion US dollars.

And this is the annual profit of the seventh ranked oil company!

No wonder the Arab countries want to launch the fourth Middle East war. If they don’t, they will probably be penniless.

I remember a video I saw in my previous life that said that between 1973 and 1975, only the economies of oil-producing countries were growing wildly, while the others either stagnated or directly regressed.

The blogger even gave an example, saying that in 1972 Saudi Arabia’s annual fiscal revenue was only 14.673 billion U.S. dollars, but after the oil crisis broke out, it directly exceeded 1000 billion U.S. dollars.

The word "wow" is not enough to describe this growth rate.

In later times, an annual GDP growth of one or two percentage points in some countries was considered good. However, Saudi Arabia was different. After an oil crisis, its GDP skyrocketed dozens of times.

If someone dares to promise America that it can double its GDP in one year, the current president of America will probably give up his position and pat him on the shoulder, "Young man, the future of America depends on you."

Zhang Weiguo now understands why people in later generations always like to call those Middle Eastern countries "rich dog families".

No other reason? It is just too easy to make money. If you don’t spend money on shopping, you can’t make up for the sudden surge of more than 1000 billion US dollars.

"Fuck!" Zhang Weiguo got angrier the more he thought about it. It was all about money.

Just because of my own negligence, the original 5-fold profit will be reduced to 3-fold. Who can I complain to?

"Alas... I hope the oil price increase will come later!" Zhang Weiguo sighed sincerely.