Chapter 816: Oil Competition

"Mr. President, our findings have come out, and our important Monterey shale oil source, which was originally expected to be significantly reduced due to geological structures, is now predicting that only 600 million barrels of shale oil can be extracted from there. Pen, fun, pavilion www. biquge。 "Secretary of Energy James, said to President Reagan, his face extremely disappointed.

The Monterey shale oil base is the main shale oil production base in the United States, but now, the expected recoverable reserves have been cut by more than 90 percent! Originally, relying on this oil base, the United States intended to create 2.8 million jobs, which could generate $24.6 billion in tax revenue a year. This is a major project for the United States right now!

But what about now? It's a good big oil field, if you don't say it, there will be no more! The faces of everyone present were very ugly, especially Vice President Bush, after all, the Bush family is the big oil family in Texas, and now, the reserves of shale oil have plummeted, and the family will also lose a lot!

And, if all shale oil bases are like this, then the shale oil revolution in the United States is a joke?

"What about our other shale oil bases? Could the same be happening? Reagan asked.

If this is the case, then it is conceivable that the US economy will show an avalanche! The short-lived boom that is now sustained by shale oil will all disappear, and the United States will experience a cold winter!

"The Monterey shale oil base, mainly due to geological structure, has too many faults underneath, so that although we want to exploit it, we can't exploit it, and other shale oil bases should not have the same result." James said.

The original expectation was too high, and now, it is the result of a re-analysis based on the deprecated oil wells, and there is no worse result, even if the reserves of the shale oil base in Monterey are greatly reduced, it will not affect the other oil fields, and with the advancement of technology, there may be a way to re-exploit the unrecoverable shale oil in the future! Just a few years ago, who would have thought that shale oil would be produced on a large scale?

Reagan nodded, such an analysis could still be accepted by him.

"Mr. President, no!" At this moment, Baker, the director of the White House staff, hurriedly walked in, he casually turned on the TV, and tuned to the international channel.

Inside, it's just a replay!

A bearded man with a scarf on his head was saying something in Arabic, and at the same time, there were subtitles that had been translated into English.

"After several years of war, our economy has been traumatized, and now, we have finally restored the country to its pre-war state by rebuilding our own homeland with our hands. However, the conspiracy of certain countries to interfere in our internal affairs will not change, and at the same time, their conspiracy is doomed to bankruptcy. Originally, OPEC has achieved a balance between supply and demand by coordinating the crude oil production of various countries and maintaining the supply and demand relationship in the world crude oil market, but now, new oil exporting countries have joined in and maliciously interfered with our oil exports, resulting in low oil prices. We reduced our own oil production in the hope of maintaining normal prices, but what was the result? It was other oil-producing countries that increased their oil production and maliciously increased their exports, which made us suffer huge losses! Now, in order to protect the interests of our oil-producing countries, we have decided to face this deteriorating situation with a level playing field, and we will expand our production to meet the crude oil needs of all countries! We need to crush those malicious oil exporters through legitimate business competition! ”

Damn it! Seeing this, Bush's face on the side suddenly changed, what are these Middle Eastern buns thinking?

Needless to say, you can also know that the other side is aimed at the United States! Back then, the United States was also one of the world's largest oil importers, so why did the United States go to great lengths to maintain its hegemony in the Middle East? Of course, in order to control oil resources and ensure their own energy security! In the 80s of the later generations, the Americans used various excuses to let Saudi Arabia and other countries frantically increase oil production, and at the same time, Saudi Arabia was also for its own interests, and finally lowered the price of oil to about 10 dollars a barrel of oil, enjoying the low price of oil.

But now, with the large-scale exploitation of shale oil, the United States has changed from an oil importer to an oil exporter! Well, for the United States, it is natural to hope that the higher the price of oil in the world, the better!

The United States is constantly increasing oil production and expanding its share of oil in the market, but this is not because the United States wants to lower the world's oil prices, all of this is caused by the continuous reduction of oil production by those oil-producing countries in the Middle East, after the start of the Middle East war, the oil production of the Middle East countries is less than half of the pre-war period, and the world crude oil market is in a stage of undersupply, so the price of oil remains high.

Of course, the increase in oil production by the United States and the increase in oil production by Britain have indeed seized the share of oil exports in the Middle East, but these are also the results of normal competition.

However, the speaker is now Iraq's oil minister, who is also one of the important representatives of Moscow's newly established Organization of Petroleum Exporting Countries, and his speech basically represents the statement of all the oil-producing countries in the Middle East!

The Middle East will change its previous policy and seize the market with large-scale oil exports! At the same time, between the world's crude oil exporting countries, a bloodless battle is just around the corner!

It's a worse idea! Hearing this news, President Bush, who already had an ugly face, became even more ugly.

As an oil family, Bush certainly knows the difference between Middle East oil and American oil, the Middle East is all high-yield self-injected crude oil, drilling an oil well from the ground, not even using an oil pump, the oil itself is sprayed, and the extraction cost is less than ten dollars! However, the cost of extraction of oil in the United States is definitely more than twenty dollars, while the cost of shale oil is about forty dollars a barrel! The cost of extraction is similar to that of the North Sea oil fields in the United Kingdom.

If oil is produced in large quantities, world crude oil prices will plummet! In this way, the United States' plan to save the economy by exporting oil will be on the verge of bankruptcy!

All this, of course, is still a conspiracy of the Soviets! The Soviets' oil fields under the plateau permafrost have high production costs, but the Soviets control a large number of oil fields in the Middle East at the same time, such as those in Saudi Arabia, and they have shares in the Soviets. (To be continued.) )