Red Soviet Union
Chapter 733 Drive down oil prices and crush the United States
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Moscow.
Welcome to Moscow, everyone. This is the most beautiful city in the world. Looking at the Soviets who came to greet them, the UAE Oil Minister forced a smile on his face. This is really his first time in Moscow. The weather is still very cold. Compared with the UAE, this place is simply a place for savages!
However, he did not dare to make mistakes. So far, more than 50 oil tankers have been stuck in the Strait of Hormuz. If there is no substantial progress in this meeting, the crisis over there will not be resolved. It will be lifted, so he has to bow his head and put down his posture. The other party has blocked his country's economy!
In the car, they came to the foreign guest building specially prepared for them in Moscow and rested all night. The fatigue of the journey had not yet eased. Petroleum Conference.
It is indeed very important, just look at the geographical location. This is clearly a shot at the Western world!
Everyone, welcome to the Soviet Union. I believe this trip will definitely make you fall in love with Moscow and our beautiful Soviet country. Foreign Minister Gromyko personally organized the meeting, and his The speeches for the meeting were actually written by Andre for him.
I'm calling everyone here. You should know why. In short, it's time for the life and death of us oil-exporting countries! Gromyko started with this sentence, making other people stunned. Life and death? Nonsense? The Middle East would be a better place without you Soviets!
All of this has to start from the evil Western world, from the United States across the ocean. Gromyko continued: In the United States, they have carried out a new oil technology revolution, that is, the exploitation of shale oil. Now , American shale oil wells have high production.”
Shale oil! Now, this thing has really become synonymous with high technology. In fact, this kind of shale oil has been around for a long time, but it was just unsuitable to exploit it at the beginning. Now, after the crisis in the Middle East, the Americans are already looking at it. Shale oil! So far, the extraction of shale oil in the United States has reached as high as 7 million barrels per day!
The United States has become a pure oil exporter! Relying on the export of oil, the US economy, which was already on the verge of collapse, even began to show signs of loosening!
Judging from the international crude oil price, we can see the result. Originally, due to a series of situations in the Middle East, the international oil price has soared. When it was the highest last year, it even exceeded 130 US dollars a barrel. But now, international oil prices have fallen back to $110 a barrel!
why? Because supply exceeds demand!
When the world's crude oil production and consumption reach a balance point, it will be able to ensure the stability of international oil prices. Historically, this role has always been played by Saudi Arabia, which has large oil reserves and production volumes. Therefore, when the international When crude oil prices rise, Saudi Arabia will increase production and lower oil prices, and when international crude oil prices fall, Saudi Arabia will cut production again to maintain a stable oil price.
And now, there is an extra oil-producing country, plus the original oil and the current shale oil, the United States has also become a major energy exporter! As the United States continues to increase production and export oil, international oil prices have begun to fall.
Maintaining high international oil prices is of course beneficial to all oil-producing countries! Only oil-importing countries want oil prices to fall! And now, because of competition from the US, oil prices are starting to come down!
According to the exploration report of the Americans, their current crude oil reserves amount to 264 billion barrels! Therefore, the United States is no longer stingy with oil resources and has started large-scale mining. This is a big shock to us, so The main purpose of our meeting this time is how to protect the interests of our oil-producing countries. Gromyko continued.
After all, although the Soviet Union's economy is constantly developing, one of the ways for the Soviet Union to obtain foreign exchange is oil exports.
We, Iraq, have a plan. After Gromyko finished speaking, the Iraqi Oil Minister said: If we want to protect our oil exports, we have to squeeze out our competitors! No oil-producing country can compete with us. The oil-producing countries in the Middle East compete because our extraction cost is the lowest! As long as we increase oil production and keep the oil supply in excess, the global oil export price will continue to decline. We estimate that the oil extraction cost of Americans is 30 per barrel Between US$ and 40 US$, as long as the world crude oil price is lower than this value, then the oil exploration in the United States will lose money. At that time, let’s see how long the Americans can last!”
Drive down the price of oil and crush America! Hearing this, the representative of the United Arab Emirates took a breath in his heart, the Soviets were really ruthless!
The United States is now relying on the shale oil revolution to continue its life temporarily. If the American shale oil companies are defeated, then the good days of the United States will really come to an end!
We, Iran, agree to this plan. Iraq proposed, and Iran stated that the two sides have done everything seamlessly, and other people can only act as spectators.
What about the other countries? asked Gromyko.
Therefore, other countries could only agree. In the end, Gromyko's gaze focused on the representative of the United Arab Emirates.
We also agree, said the UAE's oil minister.
Everyone agrees, but I don't agree with it! The representatives of the United Arab Emirates of course know the truth of the mantis' arms, but they disagree, that is, they cannot export a drop of oil! In order to squeeze US shale oil exports, there will be a long period of low oil prices. If the UAE's oil is not exported, there will be no way out.
Okay, how much is your current production? Gromyko asked.
Our current daily output is about 2 million barrels. After the UAE oil minister finished speaking, he suddenly felt his eyebrows trembling, as if something unfortunate was about to happen.
How about raising it to four million barrels within a year? Gromyko asked.
Four million barrels! How can this be? The oil minister of the United Arab Emirates suddenly felt uneasy. This is because the Soviets are making conditions. If they do not agree, the Persian Gulf will still be impassable!
Sorry, we can increase it to 3.5 million barrels at most. After a quick calculation, the UAE Oil Minister said.
Okay, then three and a half million barrels. Gromyko readily agreed. Sure enough, Andre's plan worked. The representative of the United Arab Emirates had an expression on his face as if he had been raped by qiang. (To be continued.)
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