Chapter 381: The Strategic Petroleum Reserve is like the sword of Damocles

In order to ensure Gaddafi's rule, so as not to turn the agreement he just signed into waste paper, after negotiation, the Chinese side provided him with a batch of ammunition, hidden in Su's humanitarian supplies, and sent it to Gaddafi.

Gaddafi had no choice, since he decided to admit defeat, he accepted it, $3.7 billion was not a problem for him, he quickly took it out to Su Ming, except for $1.7 billion, which was used to pay Namibia, the other $2 billion was paid to Su Ming.

This money plus the money made on the futures, even if the gambling agreement loses in the end, Su Ming will not lose too much, but Su Ming is not willing to lose five billion in vain, so he has to think of raising the price of oil, and the Libyan side wants to fully repair it, at least in three months, so the oil supply situation in Europe is still tight.

There are oil pipelines in the Middle East that export to Europe, but the quality of oil in the Middle East is slightly worse, and it is not suitable for their refineries, just like they can't eat coarse grains after getting used to eating refined grains.

Nigeria and Algeria, which also produce light low-sulfur oil, mainly supply the Americas, and once Europe increases its purchases, it will inevitably cause panic in the American market, so the United States is also very tight on the oil output of these two countries and does not give Europe any chance.

Therefore, the price of Brent crude oil futures has been rising, and the pressure on the bears is not large, but the price of oil futures in New York has fallen by two dollars abnormally, and now it is only 16 dollars, and on average, it is less than 21 dollars, which is still much worse than the agreement between the two sides.

But it is the gap of a few dollars that has become the focus of competition between the two sides, Su Ming's side put the main force on Brent crude oil futures, while the main force of the other party is in New York oil futures, the two sides are so far apart, you fight for me, deducing a fierce battle for oil prices.

Such financial market fluctuations must rely on the cooperation of news, with the factor of Libya, Su Ming does not worry about the price of Brent crude oil futures, including the price of other derivatives, but for New York oil futures, Su Ming has no way, people have a very stable source of supply, unless Su Ming dares to take the risk of rejectance, to several oil-producing countries, otherwise it is basically impossible to cause fluctuations in the oil market based on this alone.

Su Ming asked Iraq and the United Arab Emirates to release some news to cooperate with their own actions, such as taking the opportunity of reducing production to carry out large-scale overhaul of equipment and renovating oil pipelines, but no matter what the news, it can only make oil prices rise for a period of time and be quickly suppressed.

In the end, looking at the price figures of the two oil futures, Su Ming couldn't help but be moved and discouraged for a while, this thing is really too difficult to control, looking at billions of dollars, plus the leverage ratio, it is only a scale of hundreds of billions of dollars, and it can't stir up any waves in the oil market at all.

At this time, Su Ming understood the oil strategy of the United States, for them, they do not need to control any oil company, nor do they need to control the oil-producing countries, they only need to ensure the operation of the current system of the entire oil market, because all oil trade is settled in dollars, as long as they turn on the money printing machine, they can buy enough oil, why bother to control the oil company?

If you can ensure that the dollar can buy enough oil, you can guarantee the dollar's status as the world currency, and similarly, you can guarantee the world hegemony of the United States, you can provoke him in language, you can also attack his political system, and even if you don't know how to cook it, you can read it, but you don't want to infringe on the fundamental interests of the United States, oil is one of the fundamental interests of the United States.

Now I feel like I have fallen into the ocean, no matter how I toss, I can't make any waves, I still look down on others, I feel that I have a lot of money, and I can influence several countries, so I dare to sign this gambling agreement with others, and I don't think about how people will take the initiative to find themselves if they are not sure, this is a loss-making business.

For more than ten days in a row, Su Ming didn't have any movement, but he didn't expect Su Ming to have no movement, the price of oil kept rising steadily, Brent oil soon rose to twenty-seven dollars a barrel, and New York oil also rose to nineteen dollars, although I don't know the average of twenty-five dollars, but the gap has reached only more than one dollar.

This time it was Su Ming's turn to be very surprised, there was no news that affected the oil market recently, and his side had given up his actions, although Hanks was still working non-stop, but that was Hanks in order to minimize his own losses, it should have no impact on the price of oil.

Su Ming asked Hanks what was going on, could it be that he didn't know anything about the inside story recently, and Hanks told Su Ming and asked Su Ming to forgive him for being the master of Su Ming and sharing the future five billion dollars of income to others.

"Five billion dollars? What do you mean? Su Ming asked puzzledly, with the current situation, can the five billion dollars still be obtained?

"Some time ago, Mr. Soros found me and asked us what we were trying to toss in the oil market, could it be that in addition to the oil production cut, there was any other news, at first I didn't dare to tell him, but he was very interested in this matter, and thought of his appeal in the capital market, so he told him about the existence of the VAM agreement, Mr. Soros was very interested in this, and offered to call a part of the funds to echo with us from afar, and speculate the price of oil in the two placesIf you don't get the five billion dollars, you won't talk about it, and if you get it, he will ask for a tenth of it, so we've been working hard for the last few days, and I promised to come down without asking the boss, and ask the boss for forgiveness. ”

What can be forgiven about this, Su Ming will never say more than half a word about his subordinates to exert their subjective initiative to find a way to make money for themselves, and he has pulled a strong ally for himself, although Soros himself is not rich in funds, but his appeal in the capital market is incomparable, and he knows that he can make money with him, so as soon as he heard what he was doing, a large amount of funds immediately poured up.

It turns out that a large amount of money has entered the market, and Su Ming has also invested the two billion dollars he earned from Libya again, and he must ensure that he gets the five billion dollars, no, now it is 4.5 billion dollars.

The capital market, after all, is still the final word of capital, which has invested tens of billions of dollars at once, and with the continuous rise in oil prices, more and more funds have begun to be invested in the multi-party market, and gradually the resistance of the bears is getting weaker and weaker.

At this time, Bernanke, who was in charge of this matter, couldn't sit still, his own funds had been used up, but the other party's funds were still endless, if he lost this bet, although he didn't have to pay the five billion dollars, but the money invested in oil futures had his own private wealth, so he had to come to the Empire State Building again for help.

"Needless to say, I already know, this is the intervention of Soros's gang of guys who are afraid that the world will not be chaotic, but they only have a little spare money in their hands, and the matter is still under control, you go back now, I will ask someone to transfer another amount of money to you, continue to build short positions, and you don't have to worry about the rest." This time Bernanke came just in time for the man to enjoy dinner, which was simple, a slice of raw wheat bread, a glass of water, and a bottle of top-quality caviar from the Caspian Sea next to him, which was a little extravagant.

"Okay, then I won't bother you." Bernanke respectfully said goodbye to the other party, not at all able to see that such a humble person turned out to be the governor of the Reserve Bank of New York, a well-known financier, and after he left, the meaty-faced guy wiped his lips with a snow-white napkin, and a butler immediately appeared on his side, quietly bowing and waiting for him to give orders.

"Go, tell them it's time to do it." After saying a word, he began to concentrate on his own dinner again, a man with a meaty face and such a polite and elegant posture to eat, which seemed indescribably incongruous, but it was incomparably in line with his temperament.

Soon Su Ming received a thunderbolt-like news, the U.S. Department of Energy said that after the study of the federal political axe, it believed that the current oil prices were running at a high level and were turbulent, which seriously affected the economic situation and people's lives in the United States, so it authorized the Department of Energy to release three million barrels of strategic petroleum reserves, and said that if oil prices continue to rise, it will not rule out the possibility of releasing more.

The U.S. Strategic Petroleum Reserve originated after the second oil crisis, and in order to prevent oil shortages caused by large-scale wars in the Middle East, the United States began to establish the Strategic Petroleum Reserve, the main purpose of which is to stabilize the oil supply and prevent organized use of oil as a weapon to challenge the energy market. In the event of a supply disruption or high price hike in the market, the use of strategic oil reserves can stabilize the market, slow down the rise in oil prices, and reduce economic losses. It can also buy time for resolving diplomatic disputes.

With the introduction of this measure in the United States, the price of crude oil futures in New York immediately fell, falling as much as $2.78, and at the same time, affected by this news, the price of Brent crude oil also fell by $1.35, which is equivalent to an average price drop of more than $2, and the US strategic petroleum reserves of up to 500 million barrels are like a sword of Damocles hanging over the heads of Su Ming and others, and they do not know when they will fall.

(To be continued)