People in Hong Kong create super chaebols

Chapter 324 Su City is popular again

Time quickly came to November 1978.

Affected by the closure of Iraq's Rumaila oil field, the international crude oil market has become increasingly nervous.

Since the price of crude oil rose too much on the 30th, the price of crude oil did not rise much in the past two days, but it did not fall either.

On October 10, the price of crude oil rose from US$31 per barrel to US$44.9 per barrel, a small increase.

Today, November 11, the international crude oil price rose again from US$1 to US$45.3 per barrel.

For Sioux City, of course, the higher the oil price, the better, because he is the beneficiary.

As for the crude oil you sold before, do you regret it?Su Cheng certainly has no regrets.

Because he knew that it was impossible to sell all the goods at the highest price when selling goods like this, and in large quantities.

Moreover, no one knows what the highest price will be.

What's more, even if he knew that the price was the highest point, he couldn't sell all 1.7 million barrels of crude oil in one day.

After all, in this era, no petrochemical company has ever been so stupid as to purchase so much crude oil at one time.

Therefore, the selling price of these 1.7 million barrels of crude oil is destined to be high or low.

Anyway, in this international oil crisis, no matter whether the price is high or low, Sioux City will make a lot of money.

In the end, as long as the average price is higher than 40 US dollars, Sioux City feels that it has been successful.

Crude oil prices remain high and crude oil supplies are in short supply, which has led some petrochemical refining companies to start looking for new supply sources.

It is impossible to hang yourself from a tree. Lack of oil means that the development of your country's brokerage will stagnate or even reverse.

Therefore, finding new sources of oil and obtaining enough oil are the most important things for these oil companies at the moment.

In particular, in many countries, petrochemical companies are basically monopolized by the state.

Therefore, these petrochemical companies are basically state-owned enterprises, and the actual meaning is to serve their respective countries.

They also shoulder the important task of national economic revitalization.

Therefore, there must be enough oil!
At this time, price is no longer in their consideration range.

Because everyone knows that at this time, there is no bargaining power. If you can buy oil, it will be good.

In order to restore national confidence in the economy, Singapore, Japan, and South Korea soon announced that their crude oil was temporarily sufficient.

And Tianwen Petroleum Company once again entered the world's public eye.

"Japan's Asahi Shimbun" reported: "According to the latest news, my country's six petrochemical companies purchased a total of 6 million barrels of crude oil from Xiangjiang Tianwen Oil Company, plus 1200 million barrels of crude oil purchased from the Middle East, all of which have been returned. On the way, it is expected to alleviate the domestic oil shortage in the future.”

In fact, in this era, a country with a large population and economy like Japan would have used about 350 million barrels of oil every day in its heyday.

On the other hand, South Korea has a population several times smaller than Japan, so the use of oil is not as scary as Japan.

As for Singapore, its domestic population is only just over 200 million. It does not use much oil and mainly exports it.

However, during the current international oil crisis, of course, we can save as much as possible. Many places that use oil try not to use it. Therefore, as long as we can provide 100 million barrels of crude oil per day, Japan can maintain the most basic economic operations.In other words, Japan's domestic oil is now enough for Japan to use for at least 20 days, which is enough to keep Japan's economic production normal for a period of time.

Domestic media in South Korea and Singapore also reported on purchasing oil from Tianwen Oil Company.

As reports began to increase, more and more media from other countries also took notice of Tianwen Oil Company.

What is lacking most now?Of course it’s oil!
For example, in various oil-exporting countries in the Middle East and South America, if you want to buy enough crude oil from them, you not only have to queue up, but also secretly bribe local government officials. This means that oil is not only rare, but the cost is higher than the normal price. A lot more.

At this time, with the media reports in the three countries, more and more people began to think of Tianwen Oil Company, a new oil company that was founded not long ago.

When Tianwen Oil Company was first established, it caused a sensation in the world.

Because it claims to invest tens of billions of Hong Kong dollars in construction.

However, as the heat cooled down later, everyone slowly lost attention to Tianwen Oil Company.

Especially the boss of Tianwen Oil Company, Mr. Su Cheng, is also a famous new business boss.

At the beginning, he spent a huge sum of money to purchase 1.7 million crude oil, which was ridiculed by many foreign media.

Therefore, Sioux City's image in the world was once that of a stupid person with a lot of money.

Later, they publicized the investment of tens of billions to build an oil base, which also caused a sensation in the world for a while.

Later, the birth of Oracle Computer Company also made the name of the boss behind Su City appear frequently in the news. At this time, everyone's perception of Su City changed.

As a result, with the advent of the oil crisis, especially now, when oil prices have soared, everyone discovered that it was not Sioux City that was stupid, but that people were smart and predicted the arrival of the international oil crisis in advance, and finally made a profit earned a lot.

In the whole world, Su Cheng is the only one who has done this!

Voices of praise began to appear frequently in major media.

When a media began to make statistics and estimate how much profit Suzhou City would gain from this incident, they didn't know if they didn't calculate it. The more they calculated, the more terrifying they felt.

At first, it only cost nearly 20 billion US dollars (the actual total price was not disclosed). Now, just two or three months later, if the price continues to maintain, it can be sold for at least 70 billion US dollars.

In other words, this Mr. Sioux City will make a profit of more than 50 billion US dollars after selling this batch of crude oil.

50 billion US dollars, this is still the lowest predicted value, and the actual profit in the end will only be higher!
Therefore, when the article predicted by this media was published, the next day, more than [-] mainstream media around the world reprinted this article.

Now, not only Tianwen Oil Company is on fire, but Sioux City is also on fire.

How terrifying is a profit of at least US$50 billion?
Let's put it this way, the famous Exxon Mobil Corporation's profit last year, 1977, was only US$24.2 billion.

ExxonMobil, one of the top companies known to almost everyone in the world, has only earned US$24.2 billion through hard work in the most profitable energy industry.

In Sioux City, just by being a second-hand dealer, they made more than 50 billion US dollars, which was more than twice the profit of Exxon Mobil last year!

This is enough to show how awesome this Mr. Su Cheng is!
Originally, Su Cheng wanted to keep a low profile, but the media around the world would go wherever there was interest and would naturally not let Su Cheng go.

Therefore, reporters from the media soon began to run to Xiangjiang, hoping to interview this super rich man in Su City in person.

(End of this chapter)