Chapter 953 [Price Welded]
At the meeting, Lu Ming asked a few questions and then said to himself: "As for the cost of domestic crude oil, the cost of crude oil extraction in Northeast China is about US$70. You can't and don't dare to stop production. If you stop, for example, the current oil price Once it fell below 20 US dollars, can you stop production at a cost of 70 US dollars and buy it directly? "
As he said that, Lu Ming looked at the crowd and said, "Do you dare to stop? As soon as you stop production, after all your equipment is disposed of and the oil wells are abandoned, he will immediately increase the price from more than 20 US dollars to hundreds of US dollars, so you We can’t stop and we still have to do it. The cost is US$70, but the oil price is so low at this time. According to the current linkage mechanism, your mining cost of US$70 is sold for US$27. Wouldn’t it be uncomfortable for you?”
Lu Ming added: "And if Venezuela or other regions can supply enough oil, sign a long-term contract with wholesale prices, and add this large-scale strategic reserve, they can stop for a while without any problem. It’s not that uncomfortable anymore. As for the price of $45 for Venezuela, their crude oil extraction cost is about $40 to $50.”
The reason why we set our sights on Venezuela is because other oil-producing countries may not sell you, and they are not stupid either.
The country's economy is now almost in ruins. It borrowed a large amount of foreign exchange from China before, and some foreign media reports claim that it may not be able to repay it. Foreign media reporting this situation is obviously confusing. China wants oil, not green paper tickets, and Venezuela has oil. Although it is heavy crude oil, it is not unusable.
When the economy is in dire straits, signing a long-term contract is something that the other party wants. No one dares to buy or wants heavy crude oil.
Venezuela is obviously the country with the largest oil reserves in the world. There are many complicated factors that lead to this situation. First of all, it has not dealt with it for a long time and has a very bad relationship with the United States. It can be said that the United States hates it with all its teeth, so it has always been Regarding the sanctions, neither the United States nor the United States itself will buy it, nor will other neighboring countries in Latin America be allowed to buy it.
Whoever buys it will do it.
For this reason, Americans in neighboring areas are afraid to buy even small shoes. Except for buying some from countries like Cuba and the United States, which are not the same as the United States, it is also difficult to sell them.
In addition, the quality of oil is indeed not good. Oil resources can basically be dug out and sold, and once sold, they can be used, such as big dogs, etc. Because they are all light oils, they are very convenient, practical and effortless.
Although Venezuela has the largest oil reserves in the world, most of it is heavy crude oil. This oil cannot be used after being mined. It needs to be blended, processed, and refined before it can be used.
You can get a glimpse of the mining costs of various oil-producing countries. The cost of Satt is 3 to 8 US dollars/barrel, the cost of Keweite is 5 to 10 US dollars/barrel, and the cost of UAE is 6 to 10 US dollars/barrel. Elan is 8~15 US dollars/barrel, Iraq is 10~18 US dollars/barrel, Oros is 15~25 US dollars/barrel, Laos is 35~45 US dollars/barrel, and Venezuela is 40~ $50/barrel.
This is probably the current situation in Venezuela and the core reason for its poverty. Not only is it the most difficult to sell, but it even has to import oil for its own use. This is the biggest tragedy in the world.
Others are reluctant to buy because of the poor quality of Weina Ruela's oil, and they are afraid to buy it due to obstruction from the elderly.
But China is an exception.
And now there is a very good opportunity, that is, the United States itself also needs to save its own shale oil, and needs to push up the oil price to support it. The most desired oil price is around 45 to 50 US dollars. Keep this oil price. , the shale oil industry in the United States can survive and will not cause major inflation in its economy.
At this time, the willingness of the United States to obstruct is definitely not as strong as at other times. Tiansheng Capital gave Venezuela a premium of US$45 to sign the contract, which will definitely have an impact on the international oil price. Therefore, the probability that the United States will "give the green light" is extremely high and withdraw. Even if you are dissatisfied, you can't stop it. How dare you detain it? Is it now or the 1990s?
Our own chips don't stop there.
Of course, Tiansheng Capital will definitely not directly disclose that it is a company controlled by it that buys oil. This can be regarded as giving the United States some face. After all, it is not a slap in the face.
At the end, Xue Zhongming, who was present at the meeting, said: "How much volume do we plan to bring in from Wei Rui?"
Everyone knows that this matter must have been decided.
From the beginning of the meeting, Lu Ming didn't ask everyone to discuss it, but directly set the tone to do this, so there was no need to argue, since it had to be passed in the end anyway.
If you don't agree, the worst thing you can do is vote against it later to give yourself a guarantee that you can take the blame in the future.
Lu Ming paused and said unhurriedly: "Venezuela's GDP this year will most likely not exceed US$50 billion. The country's current daily production capacity is less than 1 million barrels, but with Tiansheng's intervention, It is not a problem to restore daily production capacity of 1 million barrels or even more than 2 million barrels.”
In fact, even if the daily production scale reaches more than 2 million barrels, it is not very large among the world's major oil-producing countries.
Lu Ming thought for a moment and said concisely: "The contract we signed with it is set at 650,000 barrels per day."
Everyone was quite surprised when they heard this. This amount is almost half of Venezuela's current total oil production capacity. However, compared with the daily oil consumption of more than 5.5 million barrels in Greater China, it is only a fraction of the number.
But for Venezuela, it is a huge amount. At $45 per barrel, it means that the daily income from oil sold to Tiansheng Capital alone reaches $29.25 million, which is more than $10.6 billion in foreign exchange income per year, equivalent to about 22.5% of the country's annual GDP.
The 10-year long contract signed with it is a super large order of $106.76 billion. The price is welded at $45 per barrel after the contract is signed. This is not a price linked to virtual transactions and futures market transactions.
It is directly welded. Whether the future oil price falls below $10 or rises above $100, the spot transaction is settled at $45 per barrel.
Buying oil from Venezuela is one aspect, but it is not just buying oil. The country not only has more than 300 billion barrels of oil reserves, but also 560 million cubic meters of natural gas reserves, ranking sixth in the world.
There are also about 9 billion tons of coal reserves, about 3.64 billion tons of iron ore, about 3.5 billion tons of bauxite reserves, and abundant technical minerals such as gold, silver, nickel, vanadium, titanium, copper, manganese, chromium, and lead.
As long as Venezuela has the production capacity and is willing to export these various mineral resources, then buy them. If the green paper bills in hand are exchanged for these physical resources, it won't be long before the old Americans will start printing money with nuclear power.
Tiansheng Capital is now giving a large number of overseas or newly registered multinational companies or reorganized companies, one of which is to connect with Venezuela's business.
According to Tiansheng Capital's internal estimates, around 2023, the cooperative trade volume between Venezuela and a series of multinational companies led by Tiansheng Capital behind the scenes will account for more than 55% of the country's GDP.
Venezuela is just one of them. Tiansheng Capital's strategy of "buying globally and buying globally" holds a terrifying amount of funds at the trillion-dollar level, which is definitely more generous than the big dogs.
However, there is a very realistic problem. The current refined oil pricing mechanism is still difficult to reverse in a short period of time. The impact is indeed too great and difficult to solve directly.
This time, at most, it will become a heavyweight bargaining chip in the negotiation with the old Americans, forcing them to make concessions in other places.
But this situation is obviously impossible to maintain forever. The real way to break the deadlock is not in crude oil pricing itself, but in new energy. Taking the new energy industry as a strategic core grasp can greatly reduce the dependence on crude oil.
Ten years later, when more than 90% of the cars running on the road are new energy pure electric vehicles, and there are few fuel vehicles, this problem will naturally disappear, and your demand for crude oil will be directly eliminated. You can go to price with the air.
Not only can this problem be solved, but also the traditional automobile giants such as German, Japanese, and Korean will regain the automobile market share and expand the market share in the fields of high-end manufacturing and intelligent manufacturing.
In the field of new energy vehicles, they really can't beat them. Even Yadi is stronger than them, not to mention Tianchi Technology.
At present, only China and the old Americans are leading in the field of new energy vehicles in the world.
This is also an important reason why Lu Ming decided to sign a ten-year contract with Vanarella. In ten years, the strategic layout of new energy vehicles has almost become a trend.
With the current momentum of Tianchi Technology, we may see the arrival of a historic turning point in five years.
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