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"Welcome to Moscow, the most beautiful city in the world." Looking at the Soviets who came to greet him, the UAE Minister of Petroleum barely squeezed out a smile on his face, this is really his first time in Moscow, the weather here is still very cold, compared to the UAE, this is simply a place for savages!

However, he didn't dare to make a mistake, his own side so far, there have been more than 50 oil tankers stuck in the Strait of Hormuz, if this meeting, can not make substantial progress, the crisis over there, will not be lifted, so, he has to bow his head, put down his posture, the other side stuck their own national economy!

After a night's rest, the fatigue of the journey had not yet eased, and the oil minister of the United Arab Emirates attended this important oil conference organized by Iraq with Moscow as the host.

It is indeed very important, just look at the geographical location, this is clearly a cannon shot at the Western world!

"Everyone, very welcome to the Soviet Union. I believe that this trip will definitely make you fall in love with Moscow and the beautiful country of our Soviet Union. "Foreign Minister Gromyko personally organized the meeting, and the speech for his meeting was actually written by Andrei for him.

"Call you all here, you should know why, in short, it is time for us oil exporters to live and die!" Gromyco used this sentence as the opening remark, which made other people stunned, life and death? Is it? The Middle East would be better without you Soviets!

"All of this has to start with the sinful Western world and the United States across the ocean." Gromyko continued: "In the United States, they carried out a new revolution in oil technology, that is, the extraction of shale oil. Now the wells of shale oil of the Americans, with high yields. ”

Shale oil! Now, this thing has really become synonymous with high technology, in fact, this kind of shale oil has been available for a long time, but it was not suitable for exploitation at the beginning, and now, after the crisis in the Middle East, the Americans have been exploiting shale oil in a scrupulous way! By now, the extraction of shale oil in the United States has reached 7 million barrels per day!

The United States, has turned into a pure oil exporter! Relying on the export of oil, the economy of the United States, which was already on the verge of collapse, has even begun to show signs of loosening!

Judging from the international crude oil prices, we can see the results: Originally, because of a series of conditions in the Middle East, international oil prices soared, and at the highest time last year, they even exceeded $130 a barrel. But now, the international oil price has fallen back to 110 US dollars a barrel!

Why? Because supply exceeds demand!

When the world's crude oil production and consumption reach a balance point, it can ensure the stability of international oil prices, in history, this role has always been played by Saudi Arabia, Saudi Arabia oil reserves and exploitation are very large, so when the international crude oil price rises, Saudi Arabia will increase production, reduce oil prices, and when the international crude oil prices fall, Saudi Arabia will reduce production to maintain a stable oil price.

And now, with one more oil-producing country, plus the original oil, and now shale oil, the United States has also become a major energy exporter! As the United States continues to increase production and continue to export oil, international oil prices have begun to fall.

International oil prices remain high, which is of course beneficial to various oil-producing countries! Only oil-importing countries want oil prices to fall! And now, because of the competition from the United States, oil prices are starting to fall!

"According to the exploration reports of the Americans, they now have 264 billion barrels of crude oil reserves! Therefore, the United States has stopped stingy with oil resources and has begun large-scale exploitation, which is a big shock to us, so the main purpose of our meeting this time is how to protect the interests of oil-producing countries like us. Gromyko continued.

After all, although the economy of the Soviet Union was constantly developing, one of the ways for the Soviet Union to obtain foreign exchange was through oil exports.

"We in Iraq, we have a plan." By the time Gromyko had finished, the Iraqi oil minister spoke: "If we want to protect our oil exports, we have to crush our competitors!" No oil producer can compete with us in the Middle East because we have the lowest extraction costs! As long as we increase oil production and let the supply of oil continue to be oversupplied, the global oil export price will continue to decline. We estimate that the cost of oil extraction for Americans is between $30 and $40 per barrel, and as long as the world crude oil price is lower than this value, then the oil exploitation of the United States will be at a loss. ”

Bring down oil prices and crush the United States! Hearing this, the representative of the UAE took a breath of cold air in his heart, the Soviets are really ruthless enough!

The United States is now relying on the shale oil revolution to temporarily continue its life, and if the American shale oil enterprises are crushed, then the good days of the United States will really come to an end!

"We in Iran agree to this plan." Iraq proposed, Iran stated, the two sides did a good job, and the rest of the people could only act as spectators.

"What about other countries?" Gromyko asked.

As a result, other countries could only agree, and in the end, Gromyko's eyes were fixed on the representative of the UAE.

"We agree." said the UAE's oil minister.

Everyone agreed, but they didn't agree to manage a bird! The representatives of the UAE, of course, know the truth of the mantis arm as a car, and they do not agree, that is, they cannot export a drop of their oil! And in order to squeeze US shale oil exports, there will be a long period of low oil prices. If the UAE's oil is not exported, there will be no way to survive.

"Okay, so how much do you produce now?" Gromyko asked.

"We're producing about two million barrels a day right now." After the UAE's oil minister said this, he suddenly felt his eyebrows tremble, as if something unfortunate was about to happen.

"How about raising it to four million barrels in a year?" Gromyko asked.

Four million barrels! How is this possible? The oil minister of the UAE suddenly felt uneasy in his mind, this is the Soviets are making conditions, if they don't agree, then the Persian Gulf will still be impassable!

"I'm sorry, but we can raise it to three and a half million barrels at most." After a quick calculation, the UAE oil minister said.

"Okay, then 3.5 million barrels." Gromyko readily agreed, and sure enough, Andrei's plan was good, and the representative of the UAE had a look on his face. (To be continued.) )