At the meeting, Lu Ming asked a few questions and then said to himself: "As for the cost of domestic crude oil, the cost of crude oil extraction in Northeast China is about US$70. You can't and don't dare to stop production. If you stop, for example, the current oil price
It once fell below 20 US dollars. Can you stop production at a cost of 70 US dollars and buy it directly?"
As he said that, Lu Ming looked at the crowd and said, "Do you dare to stop? As soon as you stop production, after all your equipment is disposed of and the oil wells are abandoned, he will immediately increase the price from more than 20 US dollars to hundreds of US dollars, so you
We can’t stop and we don’t dare. The cost is 70 US dollars and we still have to do it. But at this time, the oil price is so low. According to the current linkage mechanism, your 70 US dollars extraction cost is sold for 27 US dollars. Do you feel uncomfortable?”
Lu Ming added: "And if Venezuela or other regions can supply enough oil, sign a long-term wholesale price, and add this large-scale strategic reserve, they can stop for a while without any problem.
It’s not that uncomfortable anymore. As for the price of $45 for Venezuela, their crude oil extraction cost is about $40 to $50.”
The reason why we set our sights on Venezuela is because other oil-producing countries may not sell you, and they are not stupid either.
The country's economy is now almost in ruins. It borrowed a large amount of foreign exchange from China before, and some foreign media reported that it might not be able to pay it back. Foreign media reports of this situation are obviously confusing. What China wants is oil.
Instead of green paper tickets, Venezuela is full of oil. Although it is heavy crude oil, it is not unusable.
When the economy is in dire straits, the other party wants to sign a long-term contract. No one dares to buy or wants heavy crude oil.
Venezuela is obviously the country with the largest oil reserves in the world. There are many complicated factors that lead to this situation. First of all, it has a long-term non-deal with Laos and the United States, and the relationship is very poor. It can be said that Lao America hates it with all its teeth, so it has always been
Regarding the sanctions, neither the United States nor the United States itself will buy it, nor will other neighboring countries in Latin America be allowed to buy it.
Whoever buys it will be killed.
For this reason, the Americans in neighboring areas are afraid to buy small shoes. Except for buying some from countries such as Cuba and the United States, which are not the same as the United States, it is also difficult to sell them.
In addition, the quality of the oil is indeed not good. Oil resources can basically be dug out and sold, and once sold, they can be used by large companies such as dogs. Because they are all light oils, they are very convenient, practical and effortless.
Although Venezuela has the largest oil reserves in the world, most of it is heavy crude oil. This oil cannot be used after being mined. It needs to be blended, processed, refined and other links before it can be used.
You can get a glimpse of the mining costs of various oil-producing countries. The cost of Satt is 3 to 8 US dollars/barrel, the cost of Kuwait is 5 to 10 US dollars/barrel, and the cost of UAE is 6 to 10 US dollars/barrel.
Elan is 8~15 US dollars/barrel, Iraq is 10~18 US dollars/barrel, Oros is 15~25 US dollars/barrel, Laos is 35~45 US dollars/barrel, and Venezuela is 40~
$50/barrel.
This is probably the current situation in Venezuela and the core reason for its poverty. Not only is it the most difficult to sell, but it even has to import oil for its own use. This is the biggest tragedy in the world.
Others are reluctant to buy because the oil of Weina Ruila is not good, and they are afraid to buy it due to the obstruction from their elders.
But China is an exception.
And now there is a very good opportunity, that is, the United States itself also needs to save its own shale oil, and needs to push up the oil price to support it. The most desired oil price is around 45 to 50 US dollars, and the oil price should be maintained at this level.
, the shale oil industry in the United States can survive and will not cause major inflation in its economy.
At this time, the willingness of the United States to obstruct is definitely not as strong as at other times. Tiansheng Capital gave Venezuela a premium of 45 US dollars to sign the contract, which will definitely have an impact on the international oil price. Therefore, the probability that the United States will "give the green light" is very high and withdraw.
Even if you are dissatisfied, you can't stop it. How dare you detain it? When is it still the 1990s?
Our own chips don't stop there.
Of course, Tiansheng Capital will definitely not directly disclose that it is a company controlled by it that buys oil. This can be regarded as giving the United States some face. After all, it is not a slap in the face.
At the end, Xue Zhongming, who was present at the meeting, said: "How much volume do we plan to bring in from Wei Rui?"
Everyone knows that this matter must have been decided.
From the beginning of the meeting, Lu Ming didn't ask everyone to discuss it, but directly set the tone to do this, so there was no need to argue. Anyway, it had to be passed in the end.
If you don't agree, the worst thing you can do is vote against it later to give yourself a guarantee that you can take the blame in the future.
Lu Ming paused and said calmly: "Venezuela's GDP this year will most likely not exceed US$50 billion. The country's current daily production capacity is less than 1 million barrels, but with Tiansheng's intervention,
It is not a problem to restore daily production capacity of 1 million barrels or even more than 2 million barrels."
In fact, even if the daily production scale reaches more than 2 million barrels, it is not large among the world's major oil-producing countries.
Lu Ming thought for a moment and said concisely: "The contract we signed with them is set at 650,000 barrels per day."
Everyone was quite surprised when they heard this. This amount is almost more than half of Venezuela's current total oil production capacity. However, compared with Greater China's daily oil consumption of more than 5.5 million barrels, it is only a fraction of the number.
But for Venezuela, it is a huge amount. Based on the price of US$45/barrel, that means that the daily revenue from oil sold to Tiansheng Capital alone reaches US$29.25 million, which is more than US$10.6 billion a year.
The foreign exchange income is equivalent to about 22.5% of the country’s annual GDP scale.
The 10-year long-term contract signed with it is a super large order of US$106.76 billion. After signing the contract, the price was fixed at US$45/barrel. This is not a price linked to virtual trading and futures market transactions.
It is immediately welded to death. Regardless of whether the adopted oil price drops below 10 US dollars or rises above 100 US dollars in the future, the spot transaction will be settled at 45 US dollars/barrel.
Buying oil from Venezuela is one thing, but it is not just about buying oil. The country not only has more than 300 billion barrels of oil reserves, but also has 560 million cubic meters of natural gas reserves, ranking sixth in the world.
There are also about 9 billion tons of coal reserves, about 3.64 billion tons of iron ore, about 3.5 billion tons of bauxite reserves, and abundant technical minerals such as gold, silver, nickel, vanadium, titanium, copper, manganese, chromium, and lead.
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As long as Venezuela has the production capacity and is willing to export these various mineral resources, then buy them and use the green paper notes you have in exchange for these physical resources. It won’t be long before the United States will use nuclear power to print money at full capacity.
Tiansheng Capital is now providing services to a large number of overseas or newly registered multinational companies, or reorganized companies, and one of them is to handle business in Venezuela.
According to Tiansheng Capital's internal estimates, by around 2023, the cooperative trade volume between Venezuela and a series of multinational companies led by Tiansheng Capital behind the scenes will account for more than 55% of the country's GDP.
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Venezuela is just one of them. Tiansheng Capital’s strategy of “buying the world, buying the world” and holding a trillion-dollar amount of terrorist funds in its hands is definitely richer than the big dogs.
However, a very real problem is that the current refined oil pricing mechanism is difficult to reverse in a short period of time. The impact is indeed too great and it is difficult to solve it directly.
At best, this time it will become a major bargaining chip in negotiations with Laos, forcing it to make concessions elsewhere.
But this situation obviously cannot be maintained forever. The real way to break the situation is not in crude oil pricing itself, but in new energy. Taking the new energy industry as the strategic core focus can greatly reduce the demand for crude oil.
Dependence.
Ten years later, when more than 90% of the cars running on the road are new energy pure electric vehicles and there are not a few fuel vehicles, this problem will naturally disappear and directly eliminate your demand for crude oil.
You go and price the air.
Not only can this problem be solved, but it can also help traditional automobile giants such as German, Japanese, and Korean to regain their market share in the automotive market and expand their market share in high-end manufacturing and smart manufacturing.
In the field of new energy vehicles, they really can't beat them. Even BYD is better than them, let alone Tianchi technology.
Currently, only China and the United States are leading the way in the field of new energy vehicles in the world.
This is also an important reason why Lu Ming decided to sign a ten-year contract with Venezuela. In ten years, the strategic layout of new energy vehicles has almost become a general trend.
With the current momentum of Tianchi Technology, maybe we will see the arrival of a historic turning point in five years.
