"Daqing Oilfield?" Americans have the impression that China is not a country with a lot of oil. Pen ~ fun ~ www.biquge.info even though the Middle East is affected, the global oil supply mainly depends on the supply of American countries and African countries.

Reagan picked up the information on the table and looked at it, and he was surprised by it.

The Daqing oilfield was discovered in 1959 and began to be exploited in 1960.

It is a very large oil field with very large reserves, with recoverable reserves of more than 5 billion tons, which is nearly 40 billion barrels of oil.

It currently produces 50 million tons of oil per year, or about 350 million barrels. In other words, with less than a year's output of Daqing oil, this huge debt can be repaid!

If it was in the 80s of the 20th century in other worlds, in the environment of relatively stable oil supply in the Middle East, Daqing oil would not be nothing.

However, in the MUV world, most of the oil-producing areas of the Middle East have fallen, and oil has not only risen sky-high, but the key supply is also unstable.

So, oil is very expensive and very valuable!

Of course, the value of the oil field, in addition to considering the cost of exploitation and reserves, is more critical to consider the safety situation of the oil field.

After confirming the authenticity of this information, President Reagan nodded and said, "That's no problem!" ”

After a little look at the map, you will know that at present, Beta is still thousands of kilometers away from the Daqing Oilfield. It was several times farther than the distance from the GDR to the UK.

At least in a few years, it is impossible for Beta to hit the Daqing oil field.

Furthermore, the Republic's land military strength is currently assessed as the world's largest army. In terms of tactical aircraft, navy, space force, etc., the strength of the Republic is relatively weak, but in terms of defense beta, it currently mainly relies on the fortress and firepower of the army!

What's more, after China borrowed, the plan was to purchase various materials for industrial construction in the United States. State-of-the-art equipment and technology, naturally impossible to export. Most of what China purchases is second-hand equipment that is about to be eliminated by the American industry. After selling the used equipment and making a profit, the industry can replace the equipment.

American industrial capital is welcome to this kind of good thing!

The base of the Republican Party is these industrial capitalists. And Reagan was Republican, so he wasn't too opposed to this kind of thing.

……

In October 1981, China and the United States finalized an agreement for China to issue a total of $25 billion in debt in the United States. With that, the two governments issued a joint announcement, in addition to saying that China will repay its debt with oil, the safety of this debt can be guaranteed.

The bond has a tenor of 5 years and an interest rate of 10% per annum, which is not so attractive to the average investor in the high interest rate environment of the 80s.

However, some investors are interested in oil!

Well, the debt is secured by oil, and as the bond matures, the creditor has two options, one option is cash delivery, which is to repay the principal and interest in dollars as agreed. Another option is to take delivery of oil at 80% of the prevailing oil futures market price.

In this way, this bond has dual attributes - bond attributes and forward oil futures attributes!

It is for this reason that this bond, which does not have too high an interest rate, has a huge appeal.

Of course, Americans are also surprised by the financial innovation of the Chinese. Originally, pure bonds, or pure futures, were not very attractive. But...... The combination of the two makes it even more attractive.

The oil majors alone have begun to salivate over the bond after assessing China's security situation.

Of course, this debt is not issued immediately, but still needs to comply with the process of listing bonds in the United States, through the investment bank roadshow, and then, find a part of the qualified buyers, and then, will be listed on the capital market for sale.

This is just the process, in fact, during this time, China has reached an agreement with the Rockefeller family to sell 100 million barrels of oil a year to ExxonMobil at 80% of the price in the oil futures market.

ExxonMobil will handle the transportation itself, and China will store the oil in its own ports, and then the American oil companies will transport the oil away. Of course, it may not be shipped back to the United States for processing and sales, in fact, it may be shipped to South Korea and Japan for processing.

But the republic doesn't care about this and sells the oil, because the price of oil is very expensive now, and the poor country of the republic is distressed. For example, the exchange of oil for foreign currency, and then, the exchange of foreign exchange for industrial equipment and technology, to accelerate the growth of the industrial power of the republic.

Time is money, time is life!

If you can save a few years for the development of the republic, then it is worth selling oil resources!

As for the issuance of $25 billion in debt, in fact, it is equivalent to getting the money from oil sales in advance. At the same time, using oil to secure debt is, in essence, tantamount to finding a big buyer of oil in the United States.

The price of oil in this world, because of the existence of beta, has skyrocketed significantly. In fact, in 1972, before the beta nest of the Earth, the price of oil was about the same as the price of oil in the actual parallel world, at only $3 per barrel of oil.

But in 1973, the first year of beta on Earth, international oil prices had skyrocketed to $20 a barrel. By 1981, the price of oil was approaching $80 a barrel.

This is also because the population of the earth has also decreased to less than 3 billion due to the advent of beta.

Under such high oil prices, in addition to satisfying domestic demand, most of the oil of the Republic is mainly exported to foreign countries in exchange for foreign exchange.

Of course, the exchange of foreign exchange for $80 a barrel is not opposed by the traversers. After all, at the moment the cost of labor and goods in the republic is extremely low, and the cost of oil extraction is less than 10 dollars per barrel. The export of part of the oil in exchange for foreign exchange is also for the introduction of urgently needed industrial equipment and technology.

And with the price of oil at $80 a barrel, civilian vehicles that burn gasoline and diesel are not as economically cost-effective as electric vehicles.

Therefore, the current national policy is that private cars that burn gasoline and diesel need to be eliminated, not for environmental protection requirements, but because this is a complete waste of resources and not cost-effective for the Ministry of Economic Affairs.

As for the large-scale use of electric vehicles to replace oil-burning vehicles, the main purpose is to save oil and use it for more economical conversion of ships, trucks, airplanes, and tanks.

In principle, private transportation is encouraged to take public transportation facilities such as subways and buses. The use of private cars is discouraged.

This means of transport, which is convenient for individuals, but, from the overall point of view, is completely uneconomical. Moreover, the reduction of private cars is also conducive to avoiding traffic jams.

Of course, it is not possible for the state to completely eliminate private cars in the future, but private cars that burn oil will gradually disappear in the territory of the Republic.

Instead of electric vehicles, in the future, petrol stations will even be fully transformed into charging stations, which can provide charging or replace batteries for fast charging services. (To be continued.) )