Year: I had a good time when I was young

Chapter 538 There are times when selling oil doesn’t make any money

Although the Chinese people are richer and stronger these days.

But in many aspects, Chinese people still yearn for the aristocratic life in England.

Since he yearns for it, he naturally follows the tricks of the aristocracy.

Moreover, many of the people in power in the United States are from England and Ireland, and they are actually very concerned about matters in England.

On the contrary, the champion knight's worth is higher than expected.

Not to mention 800 million pounds, as long as Chu Xiangqian is willing to sell, 500 million pounds, which is 2 million US dollars, can be sold casually.

Don't even think about the rich people in the United States. There are people in England alone who are willing to spend 500 million, or even 600 million or 700 million pounds to buy the championship knight.

Among these people, there might be Elizabeth and Philip.

After all, the royal family is actually very wealthy, and Elizabeth is a well-known horse racing enthusiast.

In order to win a championship, I have invested continuously for decades, but in the end I still failed to stand in the Triple Crown arena and receive the award for my horse.

In this auction, someone is willing to pay 30 US dollars to buy the thoroughbred horse owned by Chu Xiangxiang. Naturally, it all depends on the reputation and record of the champion knight.

Wattana-Lee, who bought several horses in the last round, gritted his teeth and simply quoted a price of US$40.

The scene instantly became noisy.

This price is indeed high for a thoroughbred horse that has never been on the track, but Wattana-Li was lucky enough to buy one of the 10 horses he purchased last time. , the one with the best three-dimensional properties.

Although the horse cost 12.8 pounds, it was bought back to participate in several local competitions in Thailand, and after finishing in the top three, its value has at least doubled.

At the same time, that horse also proved that in speed races, sweat horses do have the strength to compete with purebred horses.

If he can win a few championships in Thailand, it is not impossible to be worth more than one million pounds.

After all, as a member of the Chinese cultural circle, Tianma, also known as the sweat horse, is also very famous in Thailand.

But in the Celestial Dynasty, just three words of sweat and blood can attract the attention of the people.

Wattana-Li, who felt that he was lucky, had the idea of ​​taking a risk again.

However, 40 US dollars is only 10 pounds at this time, which is not as expensive as the bloody horse last time.

Sure enough, with a one-time price increase of US$10, even the two desert tycoons were intimidated by Wattana-Li's momentum.

Anyway, there are still 9 purebred horses, and most people have no intention of competing with this woman Wattana-Li.

Soon the first thoroughbred horse was purchased by Wattana-Lee.

Chu looked forward to look at each other, and Wattana turned his head to look over as expected.

Chu Xiangqian thought for a while and nodded to the other party, which made Wattana think that Chu Xiangqian was hinting at him.

I couldn't help but feel overjoyed, secretly thinking that it looked like I had missed it again.

It's a pity that Chu Xiangqian will not let the same person pick up the mistakes one after another.

If you really do that, some buyers will think there is something wrong with it.

The next nine horse auctions were all successfully sold, with a total amount of US$9 million. Although He and Chu Xiangqian's expectations were lower, they were still within the acceptable range.

After all, it is indeed difficult to sell a horse like this that has never been on the track at a price much higher than the market price.

On the contrary, it was because of Wattana-Lee's bloody horse and Wu Zhi just won the 1600-meter speed championship on Hong Kong Island.

The atmosphere for the auction of the next 40 sweat-blooded horses became intense from the beginning.

But a full 40 horses is indeed a bit much.

But fortunately, at least half of the auction in the first half of the year exceeded 10 pounds. In this half year, the performance of the 10 sweat horses was not considered to dominate the Southeast Asian horse racing world, but it was still considered to be excellent.

Not only did not one of the 40 horses pass the auction, but the two people from the desert royal family probably had the idea of ​​​​taming sweat-blooded horses.

Four male horses and 4 female horses were jointly snatched by the two, so that the competition among other buyers for other sweat-blooded horses became more intense.

The total amount was 450 million pounds, equivalent to 1800 million U.S. dollars, which immediately made Chu Xiangqian earn 7200 million Hong Kong dollars.

After deducting the 5% commission from the Jockey Club and Bridge, he received US$323 million for the third time.

In the fourth game, he received $1710 million.

Adding up the four games, Chu Xiangqian earned a total of US$2475.7 million.

In an instant, Chu Xiangqian's funds became abundant.

Not to mention the construction of Universal Studios, even if the construction of the two buildings facing the racecourse and the stores facing the street started at the same time, he would still have half of the funds in hand.

Make an appointment with He Zanyuan to settle the payment for the purchase of 4 tons of gold from the He family at Standard Chartered Bank tomorrow.

Chu Xiangqian took Aiyuan and Zheng Sufen and took a Rolls-Royce to the Guanqi Restaurant in Yau Ma Tei.

Because Duan Hongchun, who has the guts to do so, was notified in advance that the restaurant would not receive any individual guests tonight except those who had made reservations before.

In the entire kitchen, except for a group of people who are preparing for the guests who have ordered dishes tonight, everyone else is preparing for the Quanhu Banquet.

However, because many desert people do not eat offal, some dishes cannot be cooked.

Finally, based on Gui Lao's favorite dishes in the past, the kitchen prepared 6 cold dishes. 6 snacks.

With the addition of 6 hot dishes made of tiger meat and two soups, the standard is already very high.

Even if it is a state banquet, this is almost the treatment.

Because Chu Xiangqian personally invited all the guests who participated in the auction today to have dinner after the auction, so except for some guests who didn't buy any horses, he felt embarrassed to eat this meal.

At least 40 people came to the Yau Ma Tei main store in the evening, and there were just enough seats for 5 tables.

After Duan Hongchun received the notice, he immediately vacated the second floor. Forty or fifty people were waiting for dinner, so they naturally formed small groups to chat.

Chu Xiangqian personally accompanied the two desert tycoons who bought more than 40 horses tonight.

While chatting, I learned that Ahmed is an Omani and Rahman is a Kuwaiti.

As for the specific identity, Chu Xiangqian guessed that he should be a member of the royal family without asking further.

No matter how bad he is, he is still a close confidant of a certain prince or even King Guo.

Although the desert tycoons these days are considered rich because of selling oil, the price of oil has been stable at between 1.5 and 2 US dollars a barrel all year round. There are not just any princes in the desert, they are all billionaires.

And because the extraction costs are different, not all oil fields are as profitable as picking up money.

However, because the Middle East has the largest amount of self-injection oil, the lowest extraction cost, and the excellent oil quality, the desert tycoons will indeed make a lot of money now and in the future.

After the oil crisis of 73, when the international oil price soared from less than 2 US dollars to 11 or even 13 US dollars, the desert tycoons could start their journey to get rich. After Chu Xiangqian thought of this, he immediately became convinced that the masters behind Ahmed and Rahman definitely wanted to tame the blood horse population in the desert.

This is a good thing for Chu Xiangqian.

With 4 males and 12 females, it is indeed possible to gradually breed more descendants of sweat horses, but if the number is over a hundred, it will not be possible within ten years.

Even if the number increases, the offspring may not produce good horses.

Otherwise there wouldn’t be so few champion horses.

And when the horse herd reaches a certain level, new stallions must be introduced.

Either continue to buy new blood horses, or transport your own horses abroad and breed them with horses from other blood horse breeding bases.

This means that sweat horses will be paid attention to and valued by more and more people in the future.

Regardless of how much the price increases, at least the more people paying attention, the more potential buyers.

While chatting, Rahman asked, as if unintentionally, the origin of the 20 Arabian horses.

Chu shrugged forward and said casually, "Some tribes in East Asia still have a lot of good things. But it will cost a lot to transport them out from under the nose of the polar bear."

Rahman and Ahmed looked at each other and sighed helplessly. There are indeed many tribes in several Central Asian countries that domesticate various types of horses.

But just as Chu Xiangqian said, if you want to transport a large group of horses out of the polar bear's power atmosphere, you must open up local relationships.

The relationship between Chinese people and polar bears does have quite an advantage.

Then Rahman asked again whether Chu Xiangqian was interested in purchasing some oil or refined oil to set up an oil company on Hong Kong Island.

Unexpectedly, when Chu was thinking forward, Ahmed also took the initiative and said, "Chu, although your country discovered a super-large oil field last year, I heard that it has also begun to produce oil this year.

But compared to the oil quality and extraction costs in our desert areas, buying China’s oil is definitely more expensive than buying ours. "

After Rahman made an estimate, he continued, "The difference should be about US$0.3 per barrel."

Rahman quickly answered, "If you are willing to set up an oil company on Hong Kong Island, the price I can decide is US$1.68 per barrel."

Chu Xiangqian couldn't help but become interested. Although the crude oil needs to be transported to the refinery for refining after it is purchased, the cost will basically increase by two to three times or more.

But even if transportation costs are included and the oil price rises to US$8 per barrel, the cost price of a barrel of refined oil after being shipped to Hong Kong Island is only 0.2 Hong Kong dollars per liter.

The current price of refined oil products in Hong Kong is US$0.25 per liter.

Even though you only earn 0.05 Hong Kong dollars per liter, a business with a gross profit of 25% is already a huge profit on mass commodities.

Assuming that a barrel of refined oil is 158.99 liters, one barrel earns nearly 8 Hong Kong dollars.

The demand for oil on Hong Kong Island at this time is indeed not large, but in less than 10 years, hundreds of millions of Hong Kong dollars will be sold every year, and there will be no problem at all.

Twenty years later, billions or billions will be casual.

Hong Kong Island is famous for its high oil prices. In later generations, oil prices in the Mainland have been criticized for being too expensive. However, in Hong Kong Island, refined oil prices are more than double those in the Mainland.

A certain oil giant in China sells 20 to 30 billion Hong Kong dollars in refined oil every year on Hong Kong Island.

Moreover, he can invest several million US dollars, or at most 0.1 to million US dollars, to set up a crude oil refinery. The cost of refined oil may be reduced to Hong Kong dollars per liter again.

But Chu Xiangqian didn't think about it for a few seconds, and quickly rejected his idea of ​​setting up a crude oil refinery.

It's not that he doesn't want to, but he knows that he can't compete with several major oil giants.

Not to mention other things, the cost of the refinery in Singapore alone is more than 30% lower than that of a refinery built by oneself.

Moreover, once they set up their own refinery, the major oil giants will definitely suppress themselves as competitors, regardless of technology and future technology upgrades.

It is better to directly refine it into refined oil at the refinery in Singapore and transport it to Hong Kong Island for sale.

And instead of building a crude oil refinery, it is really better to build a power plant.

The power plant is located on Hong Kong Island, so it is truly a business with no competition and guaranteed profits.

Ahmed and Rahman first looked happy when they saw Chu Qianqian, but soon they began to frown again, and finally showed expressions of disappointment.

I immediately guessed that this was because they looked down upon the profits earned from selling oil. After all, Hong Kong Island is a city with a population of 300 million and little industry.

The demand for crude oil is indeed low.

If I remember correctly, Hong Kong Island only consumed 3 barrels of crude oil per day last year, which is about US$3.5 million per year, equivalent to million Hong Kong dollars in oil.

After deducting costs, the profit may be only 20 to 30 million Hong Kong dollars, which is only a few million dollars when converted into US dollars.

Compared with Chu Xiangqian's business of auctioning racehorses, it is indeed not a good project to compete with the British oil companies that have already taken root in Hong Kong Island.

"Chu, how about we sell 1.58 million barrels of crude oil to you every year at a price of US$500 per barrel? As for whether you use it yourself or resell it, we don't care."

Chu Qianqian was stunned. Damn it, after buying more than 40 horses, he felt bad for paying more than million US dollars.

Want to make some money back on crude oil?

No, Chu Xiangqian quickly realized that this matter was not that simple.

After thinking for a while, a sudden thought occurred in my mind. Maybe this was to prevent me from purchasing oil from China.

Before the discovery of the Daqing oil field, China relied entirely on imported oil. However, in the 20 to 30 years after the discovery of this super-large oil field, China became a crude oil exporter.

Sometimes, for the sake of foreign exchange, even if they lose a little, Tianchao will sell out.

This makes low-cost oil for desert tycoons no longer the only option in the market.

Chu Xiangqian was born in the Mainland and married a Mainland wife. This is no secret in the eyes of some people in Hong Kong.

Over the past few days, Ahmed and Rahman might have found someone to inquire about Chu Xiangqian's identity information.

Chu Qianqian said with a smile, "Aren't you worried that I will sell these 500 million barrels of crude oil to others?"

Ahmed shrugged and said with a smile, "Believe me, dear Chu, even if you want 1 million or million barrels, we can provide it to you."

Rahman on the side also smiled and nodded. After hearing this, Chu frowned and thought about it, and laughed himself.

Until 73, the price of international crude oil never exceeded US$2 a barrel.

Most of the time, it fluctuates around $1.8, and rarely even rises above $1.8.

Low oil prices were one of the reasons why the country's economy took off rapidly in the 6s and 7s. Once it exceeds US$1.8 a barrel, the country will definitely step in to suppress oil prices.

As for the oil crisis, it was caused by Israel.

When oil prices are low all year round, it is not countries seeking desert tycoons, but desert tycoons who, in turn, need to find more partners to buy their crude oil in order to sell more crude oil every year.

After all, there are many countries that can produce oil in desert areas.

(End of this chapter)