Chapter 733： Depressing oil prices, crushing the U.S.
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Moscow.
"We welcome you all to Moscow, which is the most beautiful city in the world." Looking at the Soviets who came to greet him, the UAE Minister of Oil forced a smile on his face. This was 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 trouble. 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 a problem. It will be lifted, so he has to bow his head and put down his posture, the other party is stuck in his own national economy!
By car, I came to the foreign guest building specially prepared for them in Moscow. After a night of rest, the exhaustion of the journey has not yet eased. Oil Conference.
It's really important, just look at the geographical location.
"Everyone, welcome to the Soviet Union. I believe that this trip will definitely make you fall in love with Moscow and our beautiful country, the Soviet." Foreign Minister Gromyko personally organized this meeting, and his The speech for the conference was actually written by Andrei for him.
"I called everyone here. You should all know why. In short, it's time for our oil exporting countries to live and die!" Bullshit? The Middle East is a better place without you Soviets!
"All this has to start from the sinful Western world, from the United States across the ocean." Gromyko continued: "In the United States, they have carried out a new revolution in oil technology, that is, the exploitation of shale oil. Now , American shale oil wells, high production."
Shale oil! Now, this thing has really become synonymous with high-tech. In fact, this kind of shale oil has been around for a long time, but it was only uncomfortable to mine at the beginning. Now, after the crisis in the Middle East, the Americans are already looking at mining. Shale oil! So far, Americans' shale oil extraction has reached 7 million barrels per day!
The United States has become a pure oil exporter! By exporting oil, the U.S. economy, which was 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. At the peak last year, it even exceeded US$130 a barrel. But now, the international oil price has dropped to $110 a barrel!
why? Because supply exceeds demand!
When the world's crude oil production and consumption reach a balance point, the stability of international oil prices can be guaranteed. Historically, this role has always been played by Saudi Arabia. Saudi Arabia has a large amount of oil reserves and exploitation. Therefore, when the international When crude oil prices rise, Saudi Arabia will increase production and reduce 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 one more 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 continued to increase production and export oil, international oil prices began to fall.
Maintaining high international oil prices is of course beneficial to various oil-producing countries! Only oil importing countries want oil prices to fall! And now, because of American competition, oil prices are starting to fall!
"According to the American exploration report, their crude oil reserves now amount to 264 billion barrels! Therefore, the United States has stopped being stingy with oil resources and has started large-scale exploration. 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 was constantly developing, one of the ways for the Soviet Union to obtain foreign exchange was through oil exports.
"We, Iraq, have a plan." When Gromyko finished speaking, the Iraqi oil minister said: "If we want to protect our oil exports, we have to crush our competitors! No oil-producing country can compete with us. The oil-producing countries in the Middle East compete because we have the lowest extraction cost! As long as we increase oil production and let oil continue to be oversupplied, the global oil export price will continue to decline. We estimate that the cost of oil extraction for Americans is about 30 per barrel of oil. Between US dollars and forty US dollars, as long as the world crude oil price is lower than this value, then the oil exploration in the United States will lose money, and then we will see how long the Americans can hold on!”
Lower oil prices and crush the United States! Hearing this, the representative of the United Arab Emirates took a deep breath in his heart. The Soviets are really cruel!
The United States now relies on the shale oil revolution to temporarily continue its life. If the American shale oil companies are destroyed, 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 flawlessly, and the others can only act as spectators.
"What about other countries?" Gromyko asked So, other countries could only agree. Finally, Gromyko's eyes were fixed on the UAE representative.
"We also agree," said the UAE's oil minister.
Everyone agrees, but I don't agree to be a bird! The representatives of the United Arab Emirates certainly know the truth of the man's arm as a car, but they do not agree, that is, their oil cannot be exported even a drop! And in order to squeeze U.S. shale oil exports, there will be a long period of low oil prices. If the UAE's oil is not exported, it will not survive.
"Okay, what's your current output?" Gromyko asked.
"We are producing about 2 million barrels a day now." After finishing this sentence, the oil minister of the United Arab Emirates suddenly felt his eyebrows tremble, as if something unfortunate was about to happen.
"How about raising it to four million barrels in a year?" Gromyko asked.
Four million barrels! how can that be? The oil minister of the United Arab Emirates suddenly felt a wave of unease in his mind. This is because the Soviets are making conditions. If they do not agree, the Persian Gulf will still be impassable!
"Sorry, we can raise it to 3.5 million barrels at most." After a quick calculation, the UAE Minister of Oil said.
"Okay, then 3.5 million barrels." Gromyko readily agreed. Sure enough, Andrei's plan worked well. The representative of the United Arab Emirates had an expression like being raped. (To be continued.)
Read this chapter on your phone:
The latest TXT of this book to download and review this book:
For the convenience of reading next time, you can click "Add Bookmark" below to record the reading record of this time (Chapter 733 of the main text lowers oil prices and crushes the United States), and you can see it when you open the bookshelf next time! Please recommend this book to your friends (QQ, blog, WeChat, etc.), thank you for your support! !
Moscow.
"We welcome you all to Moscow, which is the most beautiful city in the world." Looking at the Soviets who came to greet him, the UAE Minister of Oil forced a smile on his face. This was 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 trouble. 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 a problem. It will be lifted, so he has to bow his head and put down his posture, the other party is stuck in his own national economy!
By car, I came to the foreign guest building specially prepared for them in Moscow. After a night of rest, the exhaustion of the journey has not yet eased. Oil Conference.
It's really important, just look at the geographical location.
"Everyone, welcome to the Soviet Union. I believe that this trip will definitely make you fall in love with Moscow and our beautiful country, the Soviet." Foreign Minister Gromyko personally organized this meeting, and his The speech for the conference was actually written by Andrei for him.
"I called everyone here. You should all know why. In short, it's time for our oil exporting countries to live and die!" Bullshit? The Middle East is a better place without you Soviets!
"All this has to start from the sinful Western world, from the United States across the ocean." Gromyko continued: "In the United States, they have carried out a new revolution in oil technology, that is, the exploitation of shale oil. Now , American shale oil wells, high production."
Shale oil! Now, this thing has really become synonymous with high-tech. In fact, this kind of shale oil has been around for a long time, but it was only uncomfortable to mine at the beginning. Now, after the crisis in the Middle East, the Americans are already looking at mining. Shale oil! So far, Americans' shale oil extraction has reached 7 million barrels per day!
The United States has become a pure oil exporter! By exporting oil, the U.S. economy, which was 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. At the peak last year, it even exceeded US$130 a barrel. But now, the international oil price has dropped to $110 a barrel!
why? Because supply exceeds demand!
When the world's crude oil production and consumption reach a balance point, the stability of international oil prices can be guaranteed. Historically, this role has always been played by Saudi Arabia. Saudi Arabia has a large amount of oil reserves and exploitation. Therefore, when the international When crude oil prices rise, Saudi Arabia will increase production and reduce 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 one more 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 continued to increase production and export oil, international oil prices began to fall.
Maintaining high international oil prices is of course beneficial to various oil-producing countries! Only oil importing countries want oil prices to fall! And now, because of American competition, oil prices are starting to fall!
"According to the American exploration report, their crude oil reserves now amount to 264 billion barrels! Therefore, the United States has stopped being stingy with oil resources and has started large-scale exploration. 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 was constantly developing, one of the ways for the Soviet Union to obtain foreign exchange was through oil exports.
"We, Iraq, have a plan." When Gromyko finished speaking, the Iraqi oil minister said: "If we want to protect our oil exports, we have to crush our competitors! No oil-producing country can compete with us. The oil-producing countries in the Middle East compete because we have the lowest extraction cost! As long as we increase oil production and let oil continue to be oversupplied, the global oil export price will continue to decline. We estimate that the cost of oil extraction for Americans is about 30 per barrel of oil. Between US dollars and forty US dollars, as long as the world crude oil price is lower than this value, then the oil exploration in the United States will lose money, and then we will see how long the Americans can hold on!”
Lower oil prices and crush the United States! Hearing this, the representative of the United Arab Emirates took a deep breath in his heart. The Soviets are really cruel!
The United States now relies on the shale oil revolution to temporarily continue its life. If the American shale oil companies are destroyed, 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 flawlessly, and the others can only act as spectators.
"What about other countries?" Gromyko asked So, other countries could only agree. Finally, Gromyko's eyes were fixed on the UAE representative.
"We also agree," said the UAE's oil minister.
Everyone agrees, but I don't agree to be a bird! The representatives of the United Arab Emirates certainly know the truth of the man's arm as a car, but they do not agree, that is, their oil cannot be exported even a drop! And in order to squeeze U.S. shale oil exports, there will be a long period of low oil prices. If the UAE's oil is not exported, it will not survive.
"Okay, what's your current output?" Gromyko asked.
"We are producing about 2 million barrels a day now." After finishing this sentence, the oil minister of the United Arab Emirates suddenly felt his eyebrows tremble, as if something unfortunate was about to happen.
"How about raising it to four million barrels in a year?" Gromyko asked.
Four million barrels! how can that be? The oil minister of the United Arab Emirates suddenly felt a wave of unease in his mind. This is because the Soviets are making conditions. If they do not agree, the Persian Gulf will still be impassable!
"Sorry, we can raise it to 3.5 million barrels at most." After a quick calculation, the UAE Minister of Oil said.
"Okay, then 3.5 million barrels." Gromyko readily agreed. Sure enough, Andrei's plan worked well. The representative of the United Arab Emirates had an expression like being raped. (To be continued.)
Read this chapter on your phone:
The latest TXT of this book to download and review this book:
For the convenience of reading next time, you can click "Add Bookmark" below to record the reading record of this time (Chapter 733 of the main text lowers oil prices and crushes the United States), and you can see it when you open the bookshelf next time! Please recommend this book to your friends (QQ, blog, WeChat, etc.), thank you for your support! !
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