Yang Meng pulled a Mazhazi: "You sit over there, I'll rely on it, one person and one jar, the amount of wine is good!"

Ling Feng handed Yang Meng a pair of chopsticks: "Try the sauce beef made by my daughter-in-law." I'm not blowing, my daughter-in-law's craftsmanship is top-notch. I told Erlengzi that in the future, my daughter-in-law will make sauce beef and send it to the 'rivers and lakes', and there will be one more side dish to accompany the wine!"

Yang Meng gave a thumbs up after tasting it: "The taste is really good! Good craftsmanship! I said what are you guys hiding here?"

Xiao Peng said: "Look at those people outside, the men are all muscular when they take off their clothes, you let a few of us go to embarrass people? What kind of ring are Long Teng and Bai Ze engaged in, you let us go up and fight with them? Besides, except for the two stunned people, the rest are family people, what are you letting us do? Flirting with young girls? So it's better to be quiet here!"

"Stealing wine is stealing wine, what are you talking about so high-sounding!" Yang Meng said disdainfully: "I said Michael, you are drinking again, let me catch it, right?"

Michael Jones shrugged his shoulders and said, "The doctor said that I have quit my addiction to alcohol, both physically and psychologically. Well, it's weird to say, I'm not used to drinking the so-called liquor of your Han Kingdom, but I feel very comfortable drinking your wine!"

Qi Kun patted Michael Jones on the shoulder and said: "Look at this buddy, sitting cross-legged on the ground drinking wine and eating beef, this Nima is more Han than a Han Chinese! But this Chinese is still a bit rough, and you still have to practice! I said Michael, you are also a football star, and it will definitely cause an uproar when people see your image." I've helped you think of the title "Retired Star Goes Bankrupt, Life is Extremely Depressed", what do you think?"

Michael Jones shrugged his shoulders and said, "Is life down? ”

Qi Kun asked curiously: "Michael, in fact, I have always been curious, how did you go bankrupt? How can you go bankrupt after making so much money? You can afford to raise so many people, right?"

After hearing this, Michael Jones put down his chopsticks and sighed: "I was fooled by the investment company and invested in an oil company. The results can be imagined. I'm sorry, but I'm still a little unfamiliar with Chinese, so I'll tell you in English to let Yang translate it for you. ”

Qi Kun blinked after hearing this: "No, how can you lose money by investing in energy?"

Yang Meng said: "Listen to Michael." ”

When Yang Meng heard it, he was also full of emotion, about investment, cough cough, some things are really hard to say.

What is the world's largest producer of crude oil?

Tsarist Russia, Saudi Arabia, neither!

In fact, in recent years, the world's largest oil producers have not been the two traditional energy giants, but the Stars and Stripes. In recent years, the world's largest oil consumer has become the world's largest crude oil producer as its technology for extracting oil from oily shale has matured. The Stars and Stripes truly achieved 'energy independence'! At that time, the founding comrades were called proud. At that time, there were many people in Han who were clamoring: Han relied on imports for 70% of its energy consumption, so why not engage in shale oil energy independence?

Facts have proved that those who express such opinions are indeed less than half a bottle of swaying, the national think tank

The end result is that this shale oil has become a nightmare for the Stars and Stripes.

Anyone who does business knows that if you want to make money, you will reduce production and sell at a high price, which is the so-called hunger marketing. For example, the consistent routine of 'a certain meter' mobile phone; otherwise, it is to increase production and occupy the market, with small profits but quick turnover, and the small commodities of the Han Kingdom can be sold all over the world by this method.

The same is true for energy.

There are only a few big oil-producing countries, such as Han and Stars and Stripes, which are not considered energy powers. More than 96% of Han's natural energy is coal, and the remaining 4% is oil and gas, and although the Stars and Stripes produce oil, they are the world's largest oil consumers, and they also need a large amount of imported oil every year.

However, unlike the Han Kingdom, they considered energy independence. That is, to achieve energy self-sufficiency. The solution they came up with was to squeeze the oil----- that is, shale oil, out of the cracks in the rocks.

Is shale oil good? It is really good! After all, for any country in the world, the emergence of a single energy source can save the world. The shale oil production of the Stars and Stripes is no joke, not only has it achieved energy independence, but it has begun to export to the outside world to seize the market share of traditional oil-producing countries.

But there is also a problem with shale oil, that is, the cost is a bit high, the cost of a barrel of shale oil is about 45 US dollars a barrel, and what is the cost of oil in traditional oil-producing countries like Saudi Arabia?

In the past 15 years, international oil prices have generally been around $100 a barrel, and the highest price has even reached $147.27 a barrel. Even when it was low, it was seventy or eighty dollars a barrel. As a result, the shale oil was disrupted, and the price of oil reached about $60 a barrel.

Although it is still crazy to make money, Saudi Arabia and other crude oil producing countries have found a problem: the original oil export market has been seized by the Stars and Stripes!

This is unbearable, and the aunt can't bear it. As a result, Saudi Arabia came up with a trick of 'drawing wages from the bottom of the kettle', trying its best to increase crude oil production and smash crude oil prices.

At this time, Tsarist Russia, another major oil-producing country, could not sit still------You produce more? I will produce more! As soon as the two major oil-producing countries joined forces, the international oil price was smashed to the price of $20 a barrel, and there was even a period of time when the whole world stopped developing due to the global epidemic, and the crude oil reserves of various countries were full, and during that time, there was even a negative oil price in the crude oil futures market!

The production cost of shale oil is more than 40 US dollars a barrel, so the shale oil production enterprises in the Stars and Stripes country are left with only tears in an instant: 45 US dollars a barrel of dug up oil is more than 20 US dollars to be sold, isn't this taking their lives to serve the people?

Michael Jones's unfortunate push was to buy a large number of shares of shale oil companies because he thought that oil would definitely make money, and the results were terrible.

For example, the 'Whitin Oil' he invested in, which was a veteran oil company in the Stars and Stripes country, and was also the first oil company to intervene in the shale oil revolution, and as a result, the stock price fell from more than $300 per share to $0.33 per share.

After Yang Meng told the story of Michael Jones to everyone, Qi Kun was puzzled and asked: "They just have a lot of investment in the early stage, right?

"Costs can't come down. Yang Meng explained to Qi Kun: "All shale oil wells will shrink by 75% in two years of production, and new wells must be dug if you want to maintain production." What do you need to dig new wells? It's money and equipment, and in fact, when there are 11 barrels of oil, it's very difficult for those shale oil companies to make a profit! It's because of the cost of equipment, the cost of land, the cost of labor, and so on. That's not a lot of money!"

Hu Er was stunned when he heard this: "According to what you said, doesn't this mean that those shale oil companies have been losing money and making money?

Yang Meng shook his head: "They are not stupid! Since the so-called 'shale oil revolution' was carried out in the Stars and Stripes Country, do you know how many large and small shale oil enterprises have been born in the Stars and Stripes Country? More than 7,800 of them! A group of people who want to make money have joined this industry, but they don't have so much money? Relying on bank loans to set up companies and put them into production, and then raise funds to go public to absorb the money of shareholders. There is now almost $240 billion of energy debt maturing each year, at least 90% of which is related to shale oil companies. For their side to pay off their existing shale oil debt, they need at least 9 billion barrels of shale oil, which is the production of all their shale oil companies combined for 10 years. And in the past ten years, they have to open new wells, increase equipment, buy land, and borrow money from banks, and finally it becomes a vicious circle. At present, the national financing department over there is most afraid of these energy bond thunderstorms, just as our country is afraid of the real estate industry thunderstorms. ”

"What does this mean?" Qi Kun asked, "Why are they afraid of energy company thunderstorms?"

Yang Meng thought for a moment: "Let me briefly explain that the financial department of this Stars and Stripes country divides the debt into several levels according to the user's creditworthiness, and the interest rate that needs to be repaid at each level is different. The worst of these is 'junk debt', which accounts for about 20% of all debts and has the highest repayment rate. This means that the money is very difficult to get back, followed by 'BBB-rated' debt, which is the second-to-last least creditworthiness. If these energy companies can't repay their debts, the financing department will classify these energy bonds as junk bonds, and greatly increase the interest rate on repayment, which means that they can get back a little bit. And such a high interest rate that energy companies naturally cannot repay, accelerating the speed of bankruptcy. How can they raise the interest rate on other debts, such as 'BBB-rated', and many companies that could afford to repay their loans could not afford the high interest rates and could not repay their debts, and the companies with 'BBB-rated' debts were already one step away from bankruptcy, so they might be downgraded to the 'junk debt' level because they could not repay their debts. It was then further repaid and then led to bankruptcy. And 50 percent of all the debts of the Stars and Stripes are 'BBB-rated' debts, as high as 3 trillion yuan! In other words, if the energy debt is not up to the thunderstorm, it will lead to the outbreak of the corporate debt crisis of the entire Stars and Stripes. Well, that's the 'butterfly effect'. ”

After he finished speaking, he translated the words in English to Michael Jones: "I understand it correctly?"