Chapter 705 Depressed Oil Prices
To be honest, the reproduction rate of the prince of the Middle East is almost like ...... Here river crabs, anyway, in his previous life, Jing Jian didn't even know the names of those kings, who would remember those princes? However, this Prince Fahd is different, because he ...... I'm dying. It's not cursing him, it's really going to die, and the death shocks the whole world, and he won't even survive for a month.
Just a month later, when Iraq invaded Kuwait, the Kuwaiti royal family gathered to flee the country, but Prince Fahd was unwilling to bear such humiliation and was determined to repay his country with his death, and together with his two sons, the last symbol of the country, the Dasman Palace.
Then under the command of Prince Fahd, the royal palace guards fought bloodily. It took Iraq a few hours to sweep through the whole of Kuwait, but it took almost a whole day to attack the Dasman Palace! It was not until the early morning of the next day that Iraq finally brought in tanks in a fit of rage and broke through the defensive line with artillery bombardment. However, the prince and his sons still refused to surrender, and they led the remnants of the guard with five or six men to resist until they were finally annihilated.
In particular, it is worth mentioning that in 1990, the 11th Asian Games will be held in Beijing, China, which is the first time that China has won such a large-scale sports event, but due to the turmoil in 1989, some Western countries have encouraged Asian countries to boycott the Games, and even lobbied Prince Fahd, as the president of the Olympic Council of Asia, to cancel China's hosting rights, but the prince advocates the justice that politics and sports cannot be mixed together, and insists that the Asian Games must be held in Beijing. He also specially asked officials of the Chinese Embassy in Iraq to translate the last three sentences of the opening speech into Chinese, and prepared to greet the Chinese people in Chinese.
Regardless of the differences between countries and nationalities, this Prince Fahd deserves to be regarded as a national hero, so a veteran like Jing Jian can't help but be in awe. However, thinking of facing such a dying person, Jing Jian felt quite strange in his heart.
Prince Fahd didn't notice anything wrong with Jing Jian, he smiled and asked, "Bramble, how did you come up with the idea of buying Portsmouth Club?"
At this time, Jing Jian has returned to calm, and the background of the outbreak of the Gulf War is somewhat complicated (which will be introduced later), if Jing Jian reveals the slightest hint now, it is death. No matter how you say it, you can't put yourself in danger by looking at it, right?" Your Highness, there are two reasons: firstly, I love football, which is actually a very valuable investment. ”
"Oh, a valuable investment, can you elaborate on that?"
"The sports industry is undervalued, mainly because of the gross undervaluation of live TV fees. In fact, it has long been discovered that Mr. Uberros's Los Angeles Olympics not only turned a profit, but also made a large profit. Football is the number one sport, and Europe's top league is the crown jewel. However, clubs such as Italy, Spain, and Germany are not very open to foreign investors, and only England welcomes foreign investment, so I bought Portsmouth at a low price at that time. ”
"Oh?" Prince Fahd joked, "So you want to buy the entire England team?" At this time, it was not yet an era when Asian billionaires were spending money, so Prince Fahd had a good impression of Jing Jian, a young man who "rose to the prestige of Asians".
Jing Jian nodded with a smile: "From a certain point of view, the value of players is also low now, and it may rise sharply in a few years." And don't hide it from Your Highness, the most valuable thing about a football club is not the investment value, that is, buying low and selling high, but the huge advertising effect, and representing a certain identity. ”
"Hehe, that's true. As the president of the Olympic Council of Asia, Prince Fahd of course quickly understood Jing Jian's words.
The car slowly drove into the underground parking lot, several people got out of the car, and the conversation continued: "Bramble, when it comes to investment, you should be a well-known investment expert, right? I have a question, I heard that you have united many investors who are buying oil in the rising futures, can you explain the reason?"
"Huh?" Jing Jian was indeed stunned, what else could be the reason? Wasn't it because of the war that led to your death?
Seeing that Jing Jian didn't seem to be willing to say it, Prince Fahd explained with a smile: "Don't get me wrong, I'm not trying to inquire about your trade secrets. According to my analysis by investment experts, the end of the Iran-Iraq war has led to the situation in the Middle East becoming more and more stable, and the price of oil will remain low for a long time. But you seem to think differently from them, so I want to know more about it. As you know, oil extraction is a pillar industry in Kuwait, and we are particularly sensitive to the rise and fall of oil prices. ”
At this time, although those princes in the Middle East are local tyrants, they have not become super tyrants like they will be in the future. In order to continuously suppress the economy of the Soviet Union, the oil market controlled by Europe and the United States has been kept low, and because of the armistice of the Iran-Iraq war, the price of oil is now only about $14 per barrel.
If he discovers an oil field, half of it will go to the Fusoya government, and the drilling cost will be $3 or 4 per barrel, and then CNOOC will be given $2 per barrel for labor fees, and after deducting the taxes paid, he will only get his hands on about $1 per barrel. Moreover, the exploration expenses are still tens of millions of dollars, which means that only after selling tens of millions of barrels can the cost be recovered and the profit can begin. Note: This does not take into account the complexity of the geological conditions, if the cost of drilling is increased to 7, 8 or even more than a dozen dollars, it will be vomiting blood, and selling a barrel will be a loss.
To put it bluntly, if it weren't for Jing Jian's reborn golden finger, ordinary people would really not dare to make such a big gamble. This is why the exploration of European and American countries in Fusoya was so half-hearted before. If you don't pay attention, you'll lose everything?
Of course, those countries in the Middle East do not have such high costs, and they do not need to share with outsiders, but they still make a pitiful income, and in order to get enough income, they can only extract more oil. However, the increase in exploitation has led to a decline in the price of oil. As a result, we fall into a vicious circle.
Jing Jian understood what Prince Fahd meant, he was worried about the long-term low price of oil, and came to Jing Jian to seek psychological comfort. In a hurry, Jing Jian thought of a reason: "Your Highness, you may not be familiar with China's development speed. Probably, in the near future, China will become an importer of oil, and the annual volume of imports will become larger and larger. ”
"Oh?" Prince Fahd's eyes lit up.