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Text Chapter 1704 Cao Dong¡¯s caution

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    Since the development of automobiles in the early 20th century led to the rapid development of the oil industry, the oil price system has never experienced such ups and downs as in 2008.

    No matter how little you know about oil, as long as you know a little bit of information, you will know that the largest difference in oil prices in 2008 was more than 100 US dollars - this is the price of a barrel of oil in one year!

    Starting from the continuous rise in 2007, it continued to hit new highs in 2008, until it reached the sky-high price of 147.27 US dollars a barrel in mid-July 2008. However, after this day, the price of oil took a sharp turn, falling within half a year.  100 US dollars, and finally ended at around 45 US dollars on December 31st.

    ¡°If we look at it from the perspective of the future, none of the institutions, investors, entrepreneurs, etc. this year could guess the overall situation.

    It can even be said that people have never even thought about the oil situation in 2008, which was so ups and downs and touching.

    In the stock futures market, the so-called ups and downs and exciting events involve hundreds of billions of dollars in winning and losing, which is enough to make people crazy.

    Only reincarnated people like Xiao Qi dare to play with such ease.

    ¡°But Xiao Qi has experienced so many things, and he is not as unscrupulous as he was when he was just reincarnated.

    Because the cause and effect of anything affects the progress of the matter.

    "Xiao Qi has changed some things, and the following history will also see changes of varying sizes. This is the inevitable result of historical inertia.

    For example, Bear Stearns, the fifth largest investment bank in the United States, was obviously acquired by JPMorgan Chase in March 2008. However, under the influence of Xiao Qi, the matter was moved forward more than a month. During the Spring Festival in February 2008,  Bear Stearns officially became a member of JPMorgan Chase.

    The dignified Bear Stearns, the fifth largest investment bank in the United States, has been a giant that has been making waves for decades.  It is very sad that he ended up like this in one day.

    Xiao Qi has no emotion. The more such harmful companies die, the better. What¡¯s more, now is just the beginning, and the good things are yet to come.

    ??????? Back to oil.

    If Xiao Qi remembers correctly, in mid-July 2008, the price of oil was US$147.27 per barrel.  At that time, the price of oil will be the highest in history, and it is estimated that such a high price will not be possible in the next 10 years.

    It should be noted here that the so-called oil price is actually traceable.

    Usually, when the economy develops rapidly, everyone needs energy.  Strong demand leads to rising prices; on the other hand, when the economy falls into recession, people do not produce and consume much, so naturally less oil is sold, and the price drops accordingly.

    This is a very normal economic principle and a barometer for people to judge the economy.

    It is also because of this that the so-called experts have been repeatedly tricked by Xiao Qi in the past two years.  I lost so much that I lost my pants.

    Because they don¡¯t understand that there are normal times and abnormal times.

    The economic development situation in the past two years cannot be judged by common sense at all. The giant crocodiles making waves are often buried under the water. When there is an opportunity, they will immediately rush out and bite their prey into pieces.

    It involves hundreds of billions of dollars.  Even when it comes to matters worth trillions of dollars, Xiao Qi is afraid that his experience in his previous life is not enough, or if there is any deviation, he will be a big sinner.

    Therefore, he simply asked the three barrels of oil and the four Chinese aviation oil companies to sell early, and slowly sold them at around 130 US dollars, and sold them at around 140 US dollars at most.  There is no need to pursue anything to sell for the highest price.

    Real giants never pursue profit maximization. Making steady money is what they always pursue - isn't this why Buffett succeeds?

    Cao Zhichong thought differently from Xiao Qi. He had considered the situation after the oil price dropped all the way, and felt that even then.  There is nothing wrong with me. After all, this deal was done so well before. With this foundation, even if it fails later, there is still a lot of room for maneuver. Besides, the price of oil is already so high, how can it be reduced to  Under $60?

    Therefore, Cao Zhichong acted prudently. On the one hand, he no longer bought high-priced oil. On the other hand, he also actively digested the inventory and prepared to turn the oil in his hands into various high value-added finished products as soon as possible to cash in and obtain more benefits.

    As long as the money is obtained, the future rise and fall of oil will be another round of events. At least now I have achieved the most complete success.

    Therefore, he used up 30 million tons of oil inventory in just five or six months!

    Don¡¯t think that 30 million tons of oil is a small amount. You must know that China¡¯s total oil consumption in 2007 was not enough.? is 350 million tons, domestically produced crude oil accounts for 60%, and only 140 million tons are imported.

    ?? 140 million tons of imported crude oil are used a year. PetroChina, Sinopec and CNOOC averaged less than 47 million tons a year. Cao Zhichong used 30 million tons in five or six months, which has far exceeded his own plan.

    It cannot be said that Cao Zhichong's idea is wrong. In fact, this approach is very safe. At least the previous profits can be safely pocketed.

    But Xiao Qi is different. He is pursuing greater victory.

    ¡°A victory against Uncle Sam and the Europeans is not enough. Only by constantly winning and constantly weakening their strength can we have room for growth.

    Under the control of Europe and the United States, Chinese companies have little chance of success. They are restricted everywhere. It is a rare opportunity to break the constraints. It would be strange if Xiao Qi didn't work hard!

    Wherever his thoughts passed by, Xiao Qi said with a smile but not a smile: "Dr. Cao, you don't believe me?"

    After Cao Zhichong¡¯s subconscious rebuttal, he knew something was wrong. There were so few rebuttals like this in person. He was really looking for death.

    Pretending to giggle, Cao Zhichong shook his hand and said: "Qi Shao, how could I not believe you? It's just that I analyzed this matter from the perspective of a normal person, which is different from the thoughts of a genius like you! Can you  Tell me, so that I, Old Cao, can see it, right?"

    "Oil prices continue to rise, but spot demand continues to decrease. This contradiction between supply and demand has not only affected oil exporting countries, but also the US New York crude oil futures that controls the world's oil futures system.  Market. I don¡¯t know how many people the United States has harmed by speculating on crude oil futures! This futures market can be said to be a magic weapon for Americans!¡± Xiao Qidao said, ¡°Americans are not vegetarians.  Bottom line, no matter how high your oil prices are, they will definitely stop it! Once the US government takes action, do you think oil prices will continue to rise?¡±

    After a pause, Xiao Qi continued: "Even if the U.S. government doesn't take action, can the price of oil keep rising? Any bubble will burst, it's just a matter of time before it bursts! I ask you to take action now, just to prevent you from falling into a bubble.  In the midst of a bursting trap! Don¡¯t you understand the most basic strategy of buying low and selling high?¡±

    "Haha, I rarely do high selling and low buying. I usually just buy high and sell high." Cao Zhichong was not ashamed at all. "Like this kind of buying low and selling high involving hundreds of billions of dollars and a profit of more than 50 billion, I always do it."  Cao has never done this before!  Mr. Qi, should we be more cautious?"

    "It's okay to be steady, but then you will never want to be outstanding in your life." Xiao Qi sighed: "Old Cao, I really think that you are actually a talent. If nothing else, after working for one term, go to the Ministry  It is possible to become a minister with real power here, or to directly become the vice-chairman of the CPPCC after serving two terms!¡±

    Cao Zhichong almost salivated.

    Why has he worked so hard in his life?

    Isn¡¯t it just to shine in the official career and achieve a distinguished life?

    Although he knows that his ability is a little inferior to that of a genius like Niu Ruzheng, but now that he is sitting in a senior official position equivalent to deputy minister, he really feels that he has the ability to be a minister.  of.

    When he reaches this stage, he usually has Austrian support, or directly a backstage, otherwise it will be difficult to go further if he fights alone.

    Cao Zhichong dare not think that his backing is Niu Ruzheng, because Boss Niu is too prominent and cannot be relied upon by ordinary people. Even if the outside world thinks that Cao Zhichong is Niu Ruzheng, Cao Zhichong himself knows that he is a very outsider.  .

    So Cao Zhichong felt deep down that his backstage should be Xiao Qi.

    Because of this, he has always followed Xiao Qi's footsteps. Facts have proved that Cao Zhichong's decision is very correct and very wise. In just two years, he not only reversed the influence of the people on PetroChina, but more importantly  It has been recognized by leaders, which is very dazzling.

    Now he wants to seek stability, but the blueprint Xiao Qi drew for him is so tempting that Cao Zhichong's heart is a little shaken.

    "Young Master Qi, it's not that my old Cao is timid, this matter Oh! I can't afford to gamble!" Cao Zhichong said struggling.

    "You are so hypocritical!" Xiao Qi shook his head, "Old Cao, when I asked you to buy more than 70 billion US dollars of oil, you still dared. Now that you have achieved success, you have become timid. This  Is it the mentality of someone who wants to do big things? Uncle Niu often says that I am a small farmer with serious ideas, but I think you are much more serious than me!¡±

    Cao Zhichong smiled stupidly, not daring to answer the question.

    In fact, he is indeed like this. After having such great achievements??On the contrary, I don't dare to take risks.

    This has nothing to do with whether he believes in Xiao Qi or not. It is purely a thought deep in his heart. After becoming famous, he becomes "not seeking no merit, but seeking no faults."
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