Chapter 143: The Secret of Las Vegas
Link knew that his relationship with the New Mexico Department of Revenue was a compromise between him.
The resignation of the deputy commissioner of the New Mexico Department of Revenue may be just a scapegoat.
But what if he knew?
The other side is like two pairs sitting at the table. When the other party opens a handicap, he can "follow", he can "not follow", and he can also "increase".
Now it seems that his best thing to do is to "follow" and let the whole thing settle down. But he had no intention of letting Kent Heaney go.
His relationship with Kent Heaney is unlikely to turn around after this time, and he has a Hanova farm in New Mexico.
So if he doesn't get rid of Kent Heaney this time, that guy may come back to trouble him at any time.
Since he can't make an example of the monkey openly, he can only use unconventional means.
Fren saw that Link was as good as he could, and gave him another look of goodness. Young people can be mad, but this madness is not arrogance, but self-confidence. Link is quite confident, maybe his huge wealth has boosted his confidence, maybe he was arrogant because of his wealth, but it is clear that he has restrained a lot now.
Seeing that Link made what he thought was the right choice, Fren changed the subject: "I know you should have a lot of cash. If you want to avoid taxes, why do you only plan to run agriculture-related industries?"
Link laughed and said, "Didn't I invest in Stoll too? I'm 50 percent of the shares." ”
"Speculation is too risky. I'm talking about industry. You know, a lot of the big predators on Wall Street actually have their own businesses, or banks. It doesn't make a lot of money, but that's what they're based on. Those industries are also much more resilient than speculative industries. ”
Flon straightened up slightly, as seriously as he did when he lobbied Link to invest: "I don't think any American has as much cash as you." Money is held in a bank account and does not make any sense. I think you know this. ”
Link nodded and said, "I understand this. But I'm not willing to take any chances. He raised his eyes and said seriously. "I know very well what I am. I only graduated from high school and didn't even learn about investing. And I'm not that genius. I know of a number of people who dropped out of school and went out to start a business and ended up being one of the few wealthy people. But they are all in the right place, and they are all in a society of change. Besides, there are many people who start businesses, but only a few of them can achieve their success. ”
"In fact, we are also in an era of social change. Furren disagreed. "You know Las Vegas is now the fastest-growing big city in the country with the highest population growth. ”
"Uh-huh. Link nodded. The fact that Flon said.
"But did you know that Las Vegas, with a population of more than two million, uses almost as much electricity as New York, with a population of tens of millions?"
"You mean electricity?" Link said thoughtfully. "What you said last night about new energy?"
"Yes. New energy. This is a new trend of social change. It's just not very significant. ”
Flon smiled and said, "You also know that now Stoll's return on funds will drop to a low point. So I intend to use the funds to invest in new energy. And every year in the future, most of the profits will be invested in this field.
"You want to work with me?"
Fren shook his head and said, "No." I don't think we can work together this time. The last time we were artificially put on that list together was proof that Wall Street was already going to deal with me. And you'll be watched by the IRS in the future. If we work together, then they join forces too. We may not be able to withstand their cooperation. ”
Link laughed for a while and said, "You're right. It's really hard for us to resist their joining forces. "The possible enemies faced by both of them are weak, and even if they join forces, being glued to one of them will be even more troublesome than being glued by the underworld. If they still cooperate this time, if one starts at the government level and the other blocks from the economic level, it will make them stumble. It would be better to deal with each of their enemies.
"While the nation's electricity is delivered by the North American power grid, the East and West Coasts are the most populous areas in the country," Furlen said with a smile. With nearby investment, the cost of power transmission will be lower. So I'm going to invest in these areas. If you are also planning to invest in those projects, I recommend that you also consider looking for investment opportunities in the most suitable areas. ”
"What about Nevada? You just talked about electricity in Las Vegas. ”
Flren must have done the research. He nodded, "Neva is an ideal market for developing new energy projects. It is located on a plateau and a desert. Both wind and solar have suitable investment areas. Especially solar power generation. There is plenty of light here and the light hours are long. And most importantly, the market. ”
"Market, you're talking about Las Vegas?" Link thought of the year-round slot machines and gambling equipment in those casinos. In particular, the neon lights of the Las Vegas Strip, where casinos are concentrated, are no longer extinguished at night. That does require a lot of electrical energy.
Flon smiled and nodded, drank all the red wine in the glass, and then went to the wine cabinet to get the wine as he spoke: "Yes, I'm talking about Las Vegas." ”
He brought the bottle over and motioned for Link to come some more. Link also finished the red wine in his glass before putting it down.
"The closest dam to Las Vegas is the Hoover Plant, one of the largest hydroelectric power stations in the United States," said Flann, pouring his wine. But you might not think that even if the Hoover Hydropower Station were to supply all the electricity to Las Vegas, it wouldn't be able to meet Las Vegas' power needs. In reality, the Hoover hydropower plant supplies Las Vegas with only 2% of its electricity generation. The daily supply of electricity is only enough for 25 minutes of use at all casinos in Las Vegas. That's just the casino's electricity. Las Vegas has a population of nearly two million and welcomes 40 million visitors a year. ”
Link had been in Las Vegas for several years and really didn't know about it.
After pouring himself a drink, he put the bottle on the desk, picked up the glass and shook it, saying, "I was very surprised when I found out the information. Just like you are now. He laughs. "If it weren't for the special way to find out. It is true that the key to Las Vegas is electricity. If there is not enough electricity, Las Vegas will not only stagnate, but even slowly decline. But we see now that it's still evolving at a rapid pace. ”
Link understood what he was trying to say, "So it needs more power." And the demand will increase. ”
"That's right. Flon said, sipping red wine. "There are more and more power stations around Las Vega. There are coal-fired power stations, there are gas-fired power stations, and in the last decade, there have been quite a few solar power stations. But Las Vegas still has a 25 to 30 percent shortfall in electricity demand. Electricity had to be purchased from other states. As you can imagine, the eight-kilometre Las Vegas Strip alone consumes more electricity than Zurich combined. So how much electricity does the whole of Las Vegas need to meet!"
Link listened to him, his mind thinking. Las Vegas has few significant peaks in electricity consumption compared to other cities. That means that if you invest in a power plant project in Nevada, you can always have power delivered to the grid at full capacity.
There is no way to store the electricity produced by power stations. Many power stations often have some waste of installed capacity. Or that no one paid for the electricity that was generated, and in the end it was wasted. But there's probably no such waste in Nevada.
Almost every state in the U.S. has its own electric utility that buys electricity from the grid. But certainly give preference to the purchase of electricity from the state's power generation companies.
New energy investment can be tax deductible, and income is exempt from taxation. Although the investment cost is relatively large, it does not necessarily suffer a loss.
However, the choice of which new energy source also needs to be carefully considered.
As he had learned before, he would have invested $2,500 for 1,000 kilowatts, and $250 million for a 100,000-kilowatt solar photovoltaic power station in recent years. Together with other inputs, it may exceed 300 million.
And solar photovoltaic has an insurmountable problem: it needs sunlight to generate electricity. If you want to build a large-scale photovoltaic power station, it can only be connected to the grid. However, there is no way to use batteries for photovoltaic power generation in grid-connected mode. That is, photovoltaic power generation can only be supplied during the day, and there are already more than a dozen large photovoltaic power plants near Las Vegas.
He asked Fren, "What kind of project are you going to speculate on? wind or solar?"
"Offshore wind. You know that wind power has grown rapidly over the years. Onshore wind power is mainly concentrated in the central plains. Offshore wind power is still scarce. On top of that, offshore wind can now balance payments without subsidies. The United States is promoting the development of wind power, and there are certain subsidies for wind power. Onshore wind power, if invested properly, can already be profitable without subsidies. ”
Link didn't expect that what he had learned in high school was already outdated. At that time, the cost of wind power seemed to be very high, and it was said that the cost of wind power per kilowatt-hour exceeded the cost of grid-connected electricity by more than 20%. So that requires government subsidies to be profitable.
Link smiled and asked, "You're not optimistic about photovoltaic power generation?"
"It's not that I'm not optimistic, it's just that the current constraints are still very big. Wind power, on the other hand, can generate electricity as long as there is wind, and it can also store electricity. On the other hand, photovoltaic power generation is unable to supply electricity for an average of half of the time every day. It was nice weather every day. ”
Link pondered for a while and said, "Then I can probably also invest in wind power, and I can build some wind turbines along the coast of Ozette." The wind there is still quite steady. ”
Fren said with a smile: "Actually, you can also develop onshore wind power, you already have three farms." Although wind turbines are said to occupy a considerable amount of land, compared to your farm, if you build wind turbines, you can still raise cattle and plant on the ground. That's the equivalent of comprehensive utilization. Of course, that requires the farm to be in an area with a lot of wind. At least at Hans Farms, you can send electricity directly to Las Vegas. ”
Link nodded thoughtfully and said, "Maybe I can look into it." ”
"The U.S. Department of Land and Resources has that data. The states also have their own databases. Furlen reminded. "You can find the data there. Of course, it's best to collect some yourself. The winds on land are more volatile than offshore. ”