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Chapter 427 We still have a chance
As the stock markets of many oil companies plummeted, they deeply felt a huge sense of crisis.

First of all, China's import of oil is decreasing. Why is it decreasing?They are very clear in their hearts.That is, there are more and more new energy vehicles in China, and the demand for oil is declining.

China is a big energy consumer, and its crude oil consumption ranks second in the world.In the past 20 years, China's refined oil consumption has increased significantly. From 1994 to 2015, China's diesel consumption increased by 256%, gasoline consumption increased by 221%, and kerosene consumption increased by 389%, but the consumption of fuel oil did not change much.

Among them, the consumption of diesel is mainly due to the increase of large trucks and buses, which led to the increase of diesel sales.However, after 2012, the sales growth of diesel has slowed down, which is mainly due to the increase in the number of private cars in recent years, which has increased the consumption of gasoline and reduced the consumption of diesel.

On the other hand, the main use of kerosene is aviation fuel. With the development of the economy and the improvement of the air transport industry, the consumption of kerosene has been greatly improved.

In 2017, China's crude oil imports surpassed that of the United States, becoming the world's largest crude oil importer for the first time.Huaxia's apparent consumption of oil reached 5.9 million tons, the highest growth rate since 2011; domestic production fell to 1.92 million tons, below 2 million tons for the second consecutive year, while the annual net oil imports reached 3.96 million tons, An increase of 10.8% over the previous year. In 2017, Huaxia Petroleum's foreign dependence rose to 67.4%.

Of course, these are data from previous years.

But starting this year, China's demand for oil is indeed declining!

Now BYD Motors, a subsidiary of the Galaxy Group, is frantically launching a series of family cars, trucks for transportation, and passenger cars.They are even frantically developing vehicles and machines for various construction projects, industrial projects, etc.

Maybe in the future, Yinhe Group will be able to develop a large electric aircraft!

At that time, China's dependence on oil will reach a record low, and there is no need to import oil, and the oil produced domestically will be more than enough.At that time, those famous overseas oil companies will not only lose the Chinese market, but the entire global market.

Because, their current BYD cars are all sold internationally, with an unprecedented reputation and unprecedented sales explosion.In the future, not only China will not need to import oil, but other countries will also not need to import oil.

In this way, the world has entered the new energy era!Oil will retreat from the mainstream market to become a second-rate market, and finally even withdraw from the stage of history!
Now, it's the beginning of the worst for oil companies!
Exxon Mobil Corporation.

President Locke is holding a high-level meeting.

"In less than half a month, our company's stock market has evaporated billions of dollars! Billions! Just because of a piece of news, we have evaporated billions! If the Galaxy Group's Galaxy Reactor is really built in the future Come out and really start to operate officially. Then we won't be as simple as evaporating billions of dollars." Locke sat at the top and said sternly.

The dozens of high-level people present were silent, and they also felt Alexander.

"Now, Galaxy Group has gradually formed a new energy industry chain! So I suggest that our company must diversify. No matter whether Galaxy Group can become a new energy giant in the future. However, the development of Galaxy Group in the field of new energy has led to The era of new energy has accelerated the process on a global scale! Although we are in the oil industry, of course we don’t want to lose our old business and dominance. But...the times are different now.” Locke continued.

"The president is right, and we are aware of this. It can only be said that the Galaxy Group's performance is too monstrous, and we can hardly keep up with each other's pace." A senior executive said with emotion.

"President, what new energy industry chains should we develop?" a senior executive asked.

"The new energy industry chain includes a lot, and we can't use traditional thinking to summarize it! For example, now Yinhe Group has acquired many excavator companies, forklift companies...etc. It is to turn these traditional fuel excavators into electric energy Excavator! Originally, we have been engaged in automobile-related industries, so we can also engage in automobiles. In addition, there are battery industries, lighting, textiles, new materials..." Locke said a lot in one breath .

"Originally we had a foundation in the automotive interior and textiles, but from now on, we should increase investment and development in this area." Locke said solemnly.

The original ExxonMobil polymer family also offers polypropylene, which is used in the production of various automotive components such as bumpers and interior trim.Butyl rubber includes regular butyl rubber, chlorobutyl rubber and bromobutyl rubber, which are the main components in the production of automobile and truck tires.

And ExxonMobil supplies the textile industry with products that excel in applications such as fiber, fabric and nonwoven processing.

These areas can continue to develop in the future!

Even if human beings no longer need to use gasoline, but instead use diesel, cars still need tires, right?Want to get dressed?

"Also, in terms of power generation, we have already invested in several power plants. But this is far from enough! We should invest a sum of money to research new power generation equipment in order to catch up with the Galaxy Group! The board of directors has decided, $100 billion in the first phase..."

In fact, not only Mobil, but many other oil companies have seen this situation and started to diversify. Some companies have diversified, but they have invested more in these fields than before.

Even many small and medium-sized oil companies are planning to transform!
…………

"The series of operations of the Galaxy Group caused panic in the oil industry! Not only did the oil stock market plummet, but it also had a certain impact on the oil economy. However, this expert believes that the so-called Galaxy Reactor will definitely not disappear so soon. It was built and put into use! It will take at least 8 years, no, it is estimated that it will be put into use in about ten years! For this point, refer to the construction time of nuclear power plants. In fact, the Galaxy Reactor is similar to the nuclear power plant... If in Once something happens during the use process, it is estimated that it will be delayed for several years. Therefore, for traditional oil companies, they still have ten years of buffer time, and they still have a chance! Whether they choose to diversify or change careers, It depends on their own choice!" A certain American TV station, a financial program, and an expert talked passionately.

(End of this chapter)