Siheyuan: I am Jia Dongxu's cousin
Chapter 219: Oil Crisis
The course of history will not change because of Zhang Weiguo's time travel. In October 1973, the Middle East oil crisis broke out, and the $10 worth of oil that Zhang Weiguo had previously stored was about to bring him a rich return.
"Boss, the price of oil has increased!" Lin Qing didn't care about maintaining her ladylike image at this time and didn't even knock on the door.
As Zhang Weiguo's personal secretary and the person he trusts the most, Lin Qing is very clear about the big moves of the Flower Planting Group in the past few months. Although Lin Qing does not understand why Zhang Weiguo would spend 15 billion US dollars to buy oil, within the Flower Planting Group, Zhang Weiguo's orders are like imperial decrees and no one can question them.
Moreover, Zhang Weiguo has never failed since he founded the Flower Planting Group, which also gave Lin Qing a blind confidence. As long as it is something Zhang Weiguo asks them to do, even if they have doubts, confusion or even doubts, they will still carry it out unconditionally.
Just because his name is Zhang Weiguo, the founder of the Flower Planting Group and the richest Chinese.
But now the rise in oil prices has once again made Lin Qing's admiration for Zhang Weiguo even deeper.
As a time traveler, Zhang Weiguo already knew that oil prices would rise. But when he heard the exact news, he couldn't help but raise the corners of his mouth slightly, and a rare dimple appeared on his face.
After all, this is a profit of nearly 400%! And it is based on 15 billion US dollars!
But in order to maintain his dignity as a boss in front of Lin Qing, Zhang Weiguo tried hard to suppress his excitement and asked calmly, "What is the current oil price?"
Listening to Zhang Weiguo's calm tone, Lin Qing couldn't help but think in her heart: "The boss is the boss. He can still be so calm at this time."
However, Lin Qing still said competently: "Boss, the current oil price has risen to 7 US dollars a barrel, which is more than double the price we paid for it, and it is still going up."
After Lin Qing finished speaking, she looked at Zhang Weiguo, hoping to see expressions of shock or alarm on his face.
But soon Lin Qing was disappointed. How could Zhang Weiguo, who had already managed his expression, let Lin Qing see what she wanted to see so easily? He said calmly, "Well, I understand. Let me know when the price goes up to $11 or above."
Lin Qing's excitement had mostly dissipated after not getting the desired effect. "Okay..."
After Lin Qing left, Zhang Weiguo stopped pretending, picked up the file on his left, and threw it forward.
"Hahahaha!"
Several minutes later, after Zhang Weiguo had laughed loudly, he gradually calmed down.
As long as this batch of oil is sold, Zhang Weiguo will have a cash flow of nearly 71 billion US dollars, which would be an astronomical figure in the 70s. Coupled with the impact of the economic crisis, the effect of this 71 billion US dollars will far exceed its own value.
The main reason for the outbreak of this oil crisis was America's favoritism towards Israel, which in turn led to the outbreak of the Fourth Middle East War.
At that time, the main Middle Eastern oil-producing countries, led by Arab countries, intended to strike their opponents, including Israel and the countries that supported them. They even divided those countries into different levels of favorability.
There are three categories: "friendly, neutral, and hostile", and at the same time, "normal, restricted, and prohibited" measures are taken on the oil supply of these three categories. Countries headed by America are basically in the prohibited category, and even neutral countries like Switzerland are labeled as restricted.
As America's number one younger brother, Fuso was unsurprisingly directly banned.
You should know that at that time, more than 80% of Fuso's oil imports came from those Middle Eastern countries. Now the double embargo will directly trigger Fuso's economic crisis, and the economic crisis broke out in Fuso ahead of schedule.
Specifically, factories shut down, companies laid off employees on a large scale, and citizens lost their jobs, etc.
People have no money anymore, so it would be strange if the stock prices of many companies in Japan did not fall.
However, the announcement of the oil embargo also had a significant impact on America. The American government also took many measures, such as injecting oil rationing tickets and raising prices...
According to the memories of the American people who experienced the oil crisis, "At that time, the roads in America were well developed and flat, but there were no cars driving on them because they could not buy enough oil and could not accept the skyrocketing oil prices for a while."
As the heart of modern industry, oil is needed everywhere. Roads without people are just a microcosm. Ships, airplanes and other transportation vehicles that need fuel will be affected. If transportation is affected, economic growth will slow down. Moreover, the shortage and rise of oil will not only cause traffic problems, but also increase electricity prices and commodity prices...
Under such multiple blows, many people will also face the risk of unemployment, further exacerbating the outbreak of the economic crisis.
Some time ago, Zhang Weiguo had people seal the door leading to the Zhonghua Building, for fear that some depressed people would run to his place and jump off the building.
The oil crisis lasted for three to four months, and it was not until February of next year that many NATO countries, led by America, gathered in Washington, America, held an oil conference and established an energy coordination group to ease the crisis. The real solution had to wait until mid-March when Arab countries announced the lifting of the embargo.
That is to say, Zhang Weiguo has three months to sell the oil. In fact, Zhang Weiguo can also sell it slowly. The price of oil will not drop because of the other party’s embargo, and will still remain between 3 and 12 US dollars.
But Zhang Weiguo needs money, a lot of money.
Only by having a large amount of cash reserves can the Flower Planting Group maximize its benefits from this economic crisis.
……
The next day, Lin Qing came to Zhang Weiguo's office again and said excitedly: "Boss, the Middle East has announced another production cut, and the price of oil has risen to $8.56 a barrel."
Day three.
"Boss, the other party announced that it would cut off the oil supply to America and other countries. The price of oil has risen again and has reached US$11.12 a barrel." Lin Qing's voice was obviously trembling with a little shaking when she said this.
This is 11.12 USD per barrel! Compared with their purchase price of 3.02 USD per barrel, the increase is almost 4 times, this is clearly making money!
No, it cannot be described as picking up money, it should be described as a printing factory, a large printing factory!
At the same time, the impact of the oil crisis officially began to spread. Fuso and some European countries were the first to be unable to bear it and began to support the Arab countries. However, it was of no use because they just refused to buy from them.
Half a month later, Zhang Weiguo looked at the price of oil at 13.432 per barrel, and he couldn't suppress the upward smile on his face.
Damn it, their Flower Planting Group is going to start printing money...
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