Chapter 544: The Theory of Peak Oil

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"Peak oil does exist. However, it is difficult to determine when the peak will occur!"

"Can Mr. Guo be more detailed?"

"It's simple, when oil was first discovered, you could only exploit oil fields that were on the surface and less than 1,000 meters underground. At that time, the oil reserves in this range were the peak. After World War II, with the advancement of oil extraction technology, 2,000 meters, 3,000 meters, and even deeper underground oil resources became new recoverable oil fields, so the peak has changed again. ”

"For example, as the technology of extraction advances, the peak of oil is being delayed, whether it will peak in 2010, as Mr. Campbell, an Irish geologist, said at the Petroleum Reserve Symposium last year, or if it will peak in 2015 as Mr. Simmons said at the Oil Summit this year, I don't know. Leave the future to God. I'm just judging that oil will continue to appreciate in the future!"

"It's hard to believe that Mr. Guo, a man who judges that oil will appreciate, is skeptical of the peak oil theory!" said Stan O'Neill.

Guo Shouyun smiled faintly, "You can't blindly agree with things just because it's good for you, regardless of whether it's right or wrong." Rational thinking, careful analysis and accurate judgment are the keys to success!"

In fact, after 2010, with the beginning of the shale oil revolution in the United States, the theory of peak oil was self-defeating. If you agree now, won't you be a slap in the face in a few years?

Anyway, the people sitting here now, with their status and their own intelligence channels, can basically conclude that oil prices will continue to rise, and the reason why they question it is just to fight for better conditions. Therefore, he does not have to expose his shortcomings.

After Stan O'Neill, everyone's questions were one after another, and Guo Shouyun, who had been prepared, responded to everyone's questions with ease, and it wasn't until noon that the debate really stopped.

"Ladies and gentlemen, the afternoon is reserved for you to look at and discuss the detailed operational information of Unocal in your hands... ”

"Mr. Guo, if you want to read such a thick document carefully, you can't complete it in three or four days, and if you add discussion, it will take at least a week. We can't all be here for a week. So we need to bring it back. ”

"I'm sorry, Mr. Finn. Because this information involves Unocal's trade secrets, no one can take it with them, but can only see them here. … Rest assured, we've got rooms ready for you here. You're all going to be able to work here for the next week! Of course, I'm not going to restrict your freedom, just leave your materials here. ”

Seeing that he said resolutely, the people who didn't want to miss the listing of the fourth largest oil company in the United States, although they were a little reluctant in their hearts, did not refuse.

After the adjournment of the meeting, everyone left in turn.

Neil Maren Bush, who deliberately stayed at the end, walked up to Guo Shouyun, took out a beautifully crafted invitation letter from his briefcase and handed it over.

"Mr. Guo, the 3rd of next month is my father's birthday. He personally instructed me to invite you to his birthday party! and deliver this invitation to you!"

After Guo Shouyun took it and took a look, "I am very honored to receive Mr. Bush's invitation, and I will definitely participate at that time!"

"In that case, then I'll take my leave. ”

"Mr. Mullen go slowly!"

When his back was far away, Rebecca Mark said, "Boss, do you think they can agree to our terms?"

"Stephen, what do you think?"

Stephen Bryan smiled faintly, "Only a fool wouldn't agree." … Ms. Mark, I think what you should be thinking about right now is the $13.84 billion use!"

Rebecca Mark frowned, she didn't like the other party's arrogant tone! However, guarding Guo Shouyun, she didn't say much.

"Alright, let's go to dinner too! It's not too early, and we still have work to do in the afternoon!"

Guo Shouyun couldn't help but quarrel with the two, and hurriedly spoke.

People who are proud in their bones really can't work together. The meeting between Stephen Bryan and Rebecca Mark is not a pinpoint, but it is by no means good!

A week isn't a long time, it's not even a short time. And the outcome is exactly as Stephen Bryan said. In the context of rising oil prices, although Unocal has a single business, the risk is high. But no one quit.

Morgan and Roosevelt each took 4.25 percent of the 25 percent stake, Bush took 2 percent, Kennedy took 1.5 percent, Blackstone and the Carlyle Group each received 4 percent, Merrill Lynch and Goldman Sachs each received 1.75 percent, and Phoenix received 2.5 percent. The three have also obtained the qualification of Unocal for listing and underwriting.

With this financing, Guo Shouyun's indirect control of Unocal has been reduced to 68%! The remaining 7% belongs to the management and the remaining shareholders at the time of the acquisition of Unocal!

Of course, this shareholding is not set in stone, and when Unocal goes public next year, the equity in each company's hand will fall. However, correspondingly, the remaining equity will become more valuable as Unocal's assets increase.

With the end of Unocal PE financing, the dust has settled on the merger of Phoenix and National City Bank, and Guo Shouyun's several goals for coming to New York this time have also been completed, and it is time to leave.

The next thing he had planned was to go to Washington, D.C., to visit George W. Bush and Karl Rove, and by the way, to mention the distribution of Iraq's oil resources. But now that I have promised to go to Bush Sr.'s birthday party, I don't have to go again.

"Rebecca!"

"Boss, what do you command?"

"I'm going to Texas tomorrow, and if you go back, you can come with me. ”

"I would love to be able to fly back to Texas on my boss's private jet. But now I have to stay and talk to Merrill Lynch, Goldman Sachs and Stephen Bryan about Unocal's listing, but I'm afraid I won't be able to go back for a while. ”

"Okay, do you remember the usefulness of this financing?"

"Of course! Offshore oil field bids in Brazil, Majinu oil fields in Iraq, and Felix Energy. ”

"Iraq is not in a hurry. Prioritizing Felix, whose $2.5 billion portfolio of oil and gas assets in the Gulf of Mexico is a good addition to us. ”

"Understood!"

"After the listing is discussed, the roadshow is handed over to someone else to be in charge of, and you go to Brazil to talk about it in person. ”

"Are you still participating?"

Considering the huge reserves of Brazil's offshore oil fields, Guo Shouyun nodded.

After finally explaining some things to Rebecca, he hung up the phone.

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