With the stock market of many oil companies plummeting, they deeply felt a huge sense of crisis.

First of all, China's oil imports are decreasing, why is it decreasing? They are very clear in their hearts. That is, there are more and more new energy vehicles in Huaxia, and the demand for oil is declining.

China is a major energy consumer, ranking second in the world in terms of crude oil consumption. In the past 20 years, China's refined oil consumption has increased significantly. From 1994 to 2015, China's diesel consumption increased by 256%, gasoline consumption increased by 221%, and kerosene consumption increased by 389%, but the consumption of fuel oil did not change much.

Among them, the consumption of diesel is mainly due to the increase in large trucks and buses, which has led to an increase in diesel sales. However, since 2012, the increase in diesel sales has slowed down, mainly due to the increase in the number of private cars in recent years, which has increased the consumption of gasoline and reduced the consumption of diesel.

On the other hand, the main use of kerosene is aviation fuel, and with the economic development and the upgrading of the air transport industry, the consumption of kerosene has increased tremendously.

In 2017, China's crude oil imports surpassed those of the United States, becoming the world's largest crude oil importer for the first time. China's apparent oil consumption reached 590 million tonnes, the highest growth rate since 2011, while domestic production fell to 192 million tonnes, below 200 million tonnes for the second consecutive year, while net oil imports for the year reached 396 million tonnes, up 10.8 percent from the previous year. In 2017, Huaxia Petroleum's dependence on foreign countries rose to 67.4%.

Of course, these are all data from previous years.

But since this year, China's demand for oil has indeed declined!

Now BYD Automobile, a subsidiary of the Galaxy Group, is frantically launching a series of family cars, transport trucks, and passenger buses. There are even crazy research and development of various construction engineering, industrial engineering, and other vehicles and machines.

Maybe in the future, Galaxy Group will be able to develop a large aircraft with electric energy!

At that time, China's dependence on oil will reach a record low, and it will not even need to import oil, and its own domestic production will be more than enough. At that time, those famous overseas oil companies will not only lose the Chinese market, but also the entire global market.

Because, the current BYD cars are selling well internationally, with an unprecedentedly good reputation and an unprecedented explosion in sales. In the future, not only China will not need to import oil, but other countries will also not need to import oil.

In this way, the whole world has entered the new energy era! Oil, will retreat from the mainstream market to become a second-rate market, and finally even withdraw from the stage of history!

Now, it's the beginning of the worst for oil companies!

ExxonMobil Corporation.

President Locke is holding a high-level meeting.

"In less than half a month, our company's stock market has evaporated billions of dollars! Billions of dollars! Just because of a single piece of news, we have evaporated billions of dollars! If the Galaxy Reactor of the Galaxy Group is really built in the future, it will really be officially put into operation. Then we are not as simple as evaporating billions of dollars. Locke sat down in the first place and said sternly.

The dozens of high-ranking people present were silent, and they also felt Alexander.

"Now, Galaxy Group has gradually formed a new energy industry chain! So I suggest that our company must diversify. Regardless of whether Galaxy Group can become a new energy giant in the future. However, the development of the Galaxy Group in the field of new energy has led to the acceleration of the process of the new energy era on a global scale! Although we are in the oil industry, of course we do not want to lose our old business and lose our hegemony. But...... Times are different now. Locke continued.

"The president is right, and we are aware of that. It can only be said that the Galaxy Group is too demonic, and we are almost unable to keep up with each other's pace. A high-level said with emotion.

"President, so what should we develop in the new energy industry chain?" asked a senior executive.

For example, now Galaxy Group has acquired a lot of excavator companies and forklift companies...... Wait, it's just to turn these traditional fuel excavators into electric energy excavators! Originally, we have an automobile-related industry, so we can also do it in the automotive sector. In addition, there is the battery industry, lighting, textiles, new materials......" Locke said a lot in one breath.

"Originally, we had a foundation in the automotive interior and the textile sector, but from now on, we should increase investment and development in this area. Locke said in a deep voice.

Originally, ExxonMobil's polymer family also offered polypropylene for use in the production of a variety of automotive components, such as bumpers and interior parts. Butyl rubber includes common butyl rubber, chlorobutyl rubber, and brominated butyl rubber, which are the main components in the production of tires for automobiles and trucks.

ExxonMobil also provides products for the textile industry, excelling in applications such as fiber, fabric and nonwovens processing.

These are areas that can continue to grow in the future!

Even if human beings don't need to use gasoline and diesel, cars always need tires, right?

"Also, in the area of power generation, we have invested in several power plants. But this is far from enough! We should invest a sum of money in the research of new power generation equipment in order to catch up with the footsteps of the Galaxy Group! The board of directors has decided to invest $10 billion in the first phase......

In fact, not only Mobil, but many other oil companies have started to diversify when they see this situation, and some companies are diversifying, but they are investing more in these areas than before.

Even many small and medium-sized oil companies are planning to transform!

…………

This series of operations by the Galaxy Group has caused panic in the oil industry! It has not only caused the oil stock market to plummet, but has also had a certain impact on the oil economy. However, this expert thinks that the so-called Galaxy reactor will certainly not be built so quickly and put into use! It will take at least eight years, no, it is estimated that it will take about ten years to put into use! This point refers to the construction time of the nuclear power station. In fact, the Galaxy reactor is similar to a nuclear power plant...... If anything happens in the process of use, it is estimated that it will have to be delayed for several years. Therefore, for traditional oil companies, they still have a buffer of 10 years, and they still have a chance! Whether they choose to diversify or change careers depends on their own choices!"