America's Road to Wealth

Chapter 52
"...This time, our target is crude oil."

Smith Capital,
on the podium,
Taking the microphone from David Mellon, Abel said loudly:

"Can anyone tell me what the current price of oil is?"

Of course he wasn't asking about the price of gasoline.

His questions were quickly answered.

Someone shouted: "Boss, news from Bloomberg.

The price of New York crude oil is now 29.96, Brent is 31.16, and Oman is 30.09! ! "

New York crude oil is the international crude oil futures contract of the New York Mercantile Exchange, Brent is the Brent crude oil of the London Intercontinental Exchange, and Oman is the crude oil of the Dubai Mercantile Exchange.

Of course, there are more than these three types of crude oil futures in the world.

The three most influential can basically be said.

These three varieties of crude oil futures contracts set the benchmark price for global crude oil trade.

Investment banks and financial companies, when investing in crude oil futures.

Generally make a fuss about these three.

Hearing this, Abel nodded to show that he heard it.

Crude oil at around thirty dollars sounds cheap in 2022.

But in the eyes of people in 2000, thirty dollars of crude oil was already very high.

Early last year, that is, early 1999.

The price of international crude oil has always remained below [-] US dollars.

At the lowest point, it was even as low as $10 a barrel.

If you dig it out, you will lose money.

But only a few months later, in September-October 1999, there was a sudden surge.

For the first time in a month, the price broke through $[-] a barrel.

It was the highest since the Gulf War in 1991.

After entering 2000, the oil price hovered at a high level above 30 US dollars for a long time.

This has a negative impact on the economies of oil-consuming countries, and the world economy.

Even the United States was forced to announce the use of 3000 million barrels of "strategic oil reserves."

OPEC and non-OPEC members have also begun to increase oil production.

But so far, little has been achieved.

It will take at least a while for oil prices to drop.

At least for now, international crude oil generally remains at around $30 a barrel.

Abel knew that this price would never last long.

The main reason is that Aramco is still an oil consumer.

Now in 2000, Laomei's industry is very developed, and the oil it produces is not enough for itself.

This country has not changed from an oil consumer to an oil exporter.

Therefore, the United States will never allow oil prices to remain high, and will try every means to suppress oil prices.

By the end of the year at the latest, oil prices will definitely go down.

But if you know it, you know that the current international crude oil can still make a fuss about it.

He intends to do a short-term transaction for about one month.

"from now on."

He began to give orders, "The total amount is one billion US dollars, and the leverage is about tens of times, and start buying crude oil."

"The time to build a position is half a month. After half a month, I hope you can all buy crude oil futures contracts at a price below $31 a barrel."

"Fill out all the ammunition I prepared for you, let's start."

He gave orders to the tool people.

Just like what he has done many times since he was in the company for half a year.

The tools below, start preparing immediately.

Abel said to David: "Open the authority."

Different from other companies.

Smith Capital, 80 analysts and traders, most of the time do not have trading authority.

Only Abel needs these instrumentalists, when performing their duties as instrumentalists.

The company will open limited permissions to these tool people so that they can use it during this period.

Use the company's accounts and funds, as well as credit guarantees, to conduct transactions within the specified range.

"clear."

David has been working with him for almost a year now.

Knows his style very well.

"This is for you." Abel said, "I left beforehand."

"Ah."

out of Smith Capital,
Leave the Woolworth Building.

Abel went downstairs,
Near the entrance of the Woolworth Building, sit in a black Cadillac STS.

"To Chelsea," he said to the driver as he got into the car.

The Chelsea here, of course, does not refer to the Chelsea in London.

There is also a neighborhood in Manhattan called Chelsea.

Within the scope of Onsa's cultural influence, there are not 100 places called Chelsea, but dozens of them.

Just like within the scope of Slavic cultural influence, there are many people named Moscow.

The biggest Moscow is, of course, the capital of Russia.

The smallest Moscow is even just a small village in the countryside of Ukran.

The driver understood what the boss meant, turned on the turn signal, and the car drove onto the streets of Manhattan.

Near noon, Manhattan was congested again.

Looking at the congested traffic ahead, Abel made up his mind again.

If you want to move, move the company.

Congested Manhattan is fine to live in.

But once there is an urgent matter, encountering this situation is really a headache.

After relocating the company to Queens, you can choose to take a helicopter directly to and from get off work.

That way you can avoid this kind of congestion and don't waste time on the road.

Obviously, it is not very far from the Woolworth Building to 17 357th Street in the Chelsea community.

Because of the traffic jam, we still drove for a little over half an hour.

After half an hour,
17 West 357th Street, Lower Manhattan.

Cadillac STS, stop at the door.

Edward in the passenger cab, and Lin, Johnson, Lincoln and others in a Cadillac SUV following behind got out of the car first.

It took a few minutes for Abel to get out of the car.

when he came down,

The brass gate of the house at 17 357th Street has been opened.

Steve, the bodyguard here, stood behind the door with a smile on his face.

Abel smiled and nodded at him, walked in, and said casually, "Is Jessica there?"

"Yes. Miss knows you are coming, and is already waiting for you on the second floor." Steve said.

Hearing that Abel stopped talking, he walked towards the escalator.

Step up the escalator and look up.

The beautiful mixed-race girl was already standing on it with a smile on her face.

"Hi honey, good afternoon."

"Good afternoon, dear."

Abel walked up, and asked as he walked, "What are you doing?"

"Playing games with Mary."

"Oh?"

While speaking, Abel had already walked up the escalator to the second floor.

Jessica Alba snuggled up.

Abel hugged the girl's fiery body, lowered his head and held the vermilion lips.

"What game are you playing?"

He still doesn't know that he actually has a lot of lethal power to the girls.

Although he wants to hold her very much now.

Go to the master bedroom upstairs and try the springs of Simmons customized by VISpring Company to see if they are still elastic.

"You bought a PS2," Jessica Alba said.

Abel looked into the living room and found that the TV in the living room was indeed connected to the PS2 game console he bought.

Jessica Alba's female bodyguard, Mary, was standing beside her, nodding and smiling primly at his boss.

The PS2 of the small cabinet was released in March this year.

In the first month, more than 60 sets were sold.

Sony made a fortune.

He also bought several sets of PS2 at that time, and also made more than 2000 million US dollars in Sony.

Because of the success of the PS2, Sony's stock price rose by more than ten percent.

Abel took advantage of the trend and went long on Sony stock at low points, making a lot of money.

The building at 17 West 357th Street in lower Manhattan where Jessica Alba lives now was bought at that time.

A total of more than 2800 million US dollars was spent, and Sony "helped" to give 2000 million.

(End of this chapter)