Chapter 693: Cutting Production

Xia's demand for crude oil will not be suddenly reduced because of the release of the "Future Energy White Paper", this is a gradual process, after all, most of the cars on the roads of Xiaguo are still fuel vehicles, the number of which is as many as 100 million, and it will take 20 years or even more to digest it.

Rockefeller and West Asians know very well that the collapse in crude oil prices during this period is not a true reflection of the current market, but a pessimistic judgment of future expectations, which is a financial and technical problem, and is definitely not a real problem.

How energy will develop in ten or twenty years is not the white paper of Pangu Technology and Xia Guo, it must be the market and capital that have the final say.

In West Asia, the Rockefeller family and several major oil-producing countries have reached a consensus that the task at this stage is to find a way to stabilize oil prices and restore them to the level before the "White Paper" came out.

As Rockefeller, who controls most of West Asia's oil fields, and the Mi consortium behind it, they have enough ways to get oil prices up.

Discussions in Europe over whether to accept the Pangu Technology Framework Agreement are still ongoing, and the Gulf countries of West Asia and the United States have suddenly bypassed OPEC and announced that they will cut crude oil production by more than a third from now on.

In addition, the oil-producing countries of West Asia announced that they were raising taxes and fees on the exploitation and sale of crude oil, and almost at the same time, in addition to Iraq in the Strait of Hormuz, the countries with jurisdiction over the waters of the Arabian Sea-Indian Ocean-Strait of Malacca announced that they would raise crude oil shipping fees, especially in the Strait of Malacca.

The Western food is like this, bright and very ugly.

The plan of the United States is very crude and simple, your "White Paper on Future Energy" is saying that it will be ten or twenty or even thirty years from now, but your demand for oil is now.

Capital wants to tell the relevant companies and people in charge of Xia Guo that the West has enough means to strangle it in the cradle before your future energy grows.

There are only a few oil-producing countries in the world, and those who have a good relationship with Xia cannot be shipped due to sanctions, which is the problem.

Moreover, those countries that have a good relationship with Xia, such as Venezuela and Kenya, can sell their oil to Xia, but because of local oil products and technical reasons, the quality of crude oil is not high, and the original products are OK for industrial base, and the gasoline produced by catalytic cracking reaction has a lot of impurities, the oil is not high, and the cost is also very high.

After a series of operations, the import prices of several large oil companies in Xia have risen sharply due to the reduction of crude oil production, the increase in short-term demand and the increase in related taxes and fees. There was even a phenomenon of inverted correlation between the price of crude oil futures and the actual price.

Directly affected by the hundreds of millions of car owners in Xia Kingdom, they suddenly found out how the price of oil fell in a few days and suddenly rose.

Taking the No. 92 and No. 95 gasoline commonly used by Jiangcheng car owners as an example, overnight, No. 92 gasoline rose from 6.7 to 7.5, and No. 95 gasoline rose from 7.2 to 8.0, a huge increase!

With the increase in the cost of oil imports, the cost of the textile industry, plastic products industry, construction industry, pharmaceutical industry and other industries in Xia has risen sharply.

Western public opinion circles and elite circles are also informing Xia Guo of relevant industries and departments through many channels.

Don't start the "Future Energy White Paper" lightly, otherwise Xia Guo will suffer a bigger blow in a short period of time. This is the hardline attitude of the West.

The European Union, which was still arguing, suddenly fell silent, very concerned about the national oil price and Xia Guo's countermeasures, and in the past few days, several EU officials and financial experts who led the signing of the framework agreement with Pangu Technology have either taken the initiative or been forced to resign under the pressure of the United States, and the wind of the EU has gradually turned to Pangu Technology to try a tough policy, and will not sign a cooperation agreement.

In the Xia country, the people are very sensitive to the price index, and the increase in oil prices is five cents to one piece, which has a huge impact on the lives of the people, especially the transportation industry and office workers.

I don't know when or where it began, but the citizens began to complain.

"It is a good thing to establish a project to develop micro-nuclear energy vehicles, but from the project to the full rollout, let everyone replace the fuel vehicles in their hands is a matter of more than a few years and more than ten years, and at present our people are facing the rise in oil prices and the resulting price rise, which we cannot bear!"

"Oil prices have risen so much! It's all caused by the "Future Energy White Paper"! I very much support Pangu Technology's micro-nuclear energy, but should there be a policy that allows me to replace the fuel vehicles in my hands with micro-nuclear battery energy vehicles for free?"

"Agree upstairs, this oil price is simply life-threatening! And I heard that many oil companies in the world have all cut production, this is only the first round of oil price rise, and there is a second, third, and fourth round, I understand that this is the West's sanctions against Xia, but it is really harming the interests of the people! Because the price of oil rises, I have to spend an extra seven or eight hundred yuan every month, if Pangu Technology can compensate me seven or eight hundred yuan every month, I will definitely not Pangu Technology waving the flag every day!"

"In the face of the major issues of right and wrong, why don't you have any consciousness at all! Now is the critical moment for the negotiation between Pangu Science and Technology and the Westerners, and it is clear that this is the strong pressure exerted by the Westerners on Pangu Technology, why can't everyone endure it! The world's energy is also controlled by the hands of the Westerners, and the more we have to find a way to carry out the energy revolution, don't you understand such a simple truth?"

"The truth is this, but we are just ordinary people, I am running transportation, because of the rise in oil prices, I pay a monthly fuel fee, do you give me a subsidy or Pangu Technology give me a subsidy. ”

For example, car owners of car companies such as General Motors, Ford, and Volkswagen will enjoy a discount of five cents to one dollar when they drive to a Shell gas station to refuel, and the preferential measures can basically wipe out the rise in oil prices in Xia.

However, the preferential treatment is only for imported cars and joint venture cars, and there is no such preferential treatment for domestic cars in Xia, which is a serious discrimination.

This time, the refueling incentives of Western brand car companies were not issued from joint venture car companies, but directly through the Shell oil headquarters to Xia Guoren.

For a time, the major Shell oil refueling points in Xia were lined up with long queues for refueling, and in the era of voting with their feet, the long queue at the gas stations seemed to be a mockery of Pangu Technology and the "Future Energy White Paper" led by Pangu Technology.