Extraordinary Genius

The weather is getting colder and colder. Many parts of the north have been covered with snow. However, although the snow drifts twice in the capital here, the wind is blowing, basically it is gone.

Feng Yu just got off the plane and the driver came to the airport to pick him up. Xiangjiang is over there, Feng Yu can go home and rest for a few days.

Crude oil futures, Feng Yu has no need to keep staring, and things really as he thinks, crude oil prices continue to fall.

The financial crisis broke out completely, and the price of crude oil futures was also falling. Those who once thought that the stock market fell and the price of crude oil would rebound would be miserable.

There are also high-leverage investment in gold futures, one by one, it is estimated that tears can not cry out, and have long been drained.

They simply can't think that the impact of this financial crisis will be so big, and the entire financial industry will fall across the board. Stocks, futures, funds, currencies, etc. are all plummeting, and none of the major global markets are spared.

The reason for the plunge in crude oil futures is not only that Feng Yu made them, but also many large consortia in Europe and America.

These big consortiums also suffered a lot in this financial crisis. Which consortium may not have a financial company?

These big consortiums have lost money, how they will choose, of course, they choose to earn back the loss.

As long as they can unite, they can **** to a certain extent, and then earn back through other products, such as high-leverage futures.

When the price of crude oil fell below one hundred dollars, the members of opec felt that it was almost the same, between 80 and 100 dollars. This is their psychological price, which is in line with their interests. It can also make rice, China, etc. The crude oil importing countries are satisfied.

But what they didn't expect was that the financial crisis hit and crude oil prices began to fall. At this time, the opec member states can panic. What happened? How did crude oil become so cheap?

Many of them still owe a lot of foreign debts, and they urgently need to sell oil to pay off their debts. Otherwise, interest will roll up, and then it will have to extract a lot of crude oil.

Crude oil prices have fallen, and the original one million barrels can pay off their debts, and now it’s almost two million barrels. No way, in order to pay off debts, then more mining.

This creates a vicious circle with high output and oversupply. According to market rules, the price of crude oil itself will fall.

When the price of crude oil falls, they will increase production. If the increase in production will lead to a fall in prices, it will fall into an infinite loop. Unless they can pay off their debts, they can then pull back the price of crude oil through a limited production program.

Do not think that the opec members are really very rich. Except for the war-torn countries like Iraq and Iran, even countries like the United Arab Emirates owe a lot of foreign debt.

In the middle to the east, many people do not understand the economy at all. In these years, they mainly united to sell oil, sell natural gas and make money, and occasionally sell some chemical products.

When the price of crude oil is good, they can make a lot of money, and they will become more eye-catching. Give the domestic people a variety of commitments, even in order to complete the promise, do not hesitate to borrow.

For example, to prosper domestic tourism, it is necessary to build some world-class hotels. One is definitely not enough, and more should be built. Three seats and five seats are not too few, and ten eight-seat houses are not too much. If there is no money, they will go to the loan to build.

Let's not say that tourism itself is a long-term investment. No tourism can recover costs and make profits in a short time. Tourists are not stupid.

Then travel must build a luxury hotel? Others mainly come to play, beaches, sea water and even deserts are attractions, is the hotel an attraction?

They see what many hotels in Las Vegas and other cities are full of, earn a lot of money, they have to imitate, and not only five stars, many are more than five stars.

However, cities such as Las Vegas are gambling ~ city, where many people win money, naturally they will enjoy it, and spending money will not hurt.

But there are also a lot of ordinary tourists coming to the UAE to travel here. Where are they willing? Which rich people will think that the hotel is better than the family, come out to travel, not to see the scenery, but to stay at the hotel?

And the UAE has not been specially promoted before, where there will be so many tourists? The higher the vacancy rate of hotel houses, the more they need to increase the hotel's accommodation price to make up for the loss. As a result, this is a vicious circle.

Why is your hotel price so expensive? An ordinary suite is in keeping with the presidential set of others.

There is also the United Arab Emirates and other people who want to learn from Saudi Arabia. To build a large city, it is necessary to invest heavily in infrastructure, but these are not profitable.

To invest in infrastructure, this is a good thing for the people, but it can't be borrowed. There will be more and more debt, and for the UAE, a country with little foreign exchange reserves, it can be dangerous.

In order to avoid debts, the UAE first began to increase production violently, and then other member states began to follow suit. When Feng Yu saw this, he laughed and laughed.

There are Jinshan Yinshan in the family, and there are two children who are defeated.

If the opec member states can truly unite and maintain the same economy, currency and even some laws as the EU, then opec is definitely a strong organization.

It is a pity that this organization is too loose, and there are still countries that have made progress and cannot form a force.

Crude oil fell, they did not know the reason, find a solution, but blindly increase production, is this not to dig their own pit?

Selling so much crude oil every year, I don’t know how to keep some foreign exchange reserves. When people encounter the price of crude oil, they actually have no resistance. It is a failure.

As a boss, Saudi Arabia has not shot, perhaps this is also a strategy of Saudi Arabia.

Other countries are not dissatisfied. In the event of a crisis, I can easily pass the Saudi Arabia. Our foreign exchange reserves are sufficient, and there are not many places in our country that need to spend money now. The construction is completed.

Later, see who you still sing against me. I said that production should limit production. I said that increasing production can increase production. You are so casual and messy, you are still suffering!

Anyway, whether or not these speculations are true, but crude oil prices have continued to fall, and have fallen below the $60 line, which has surprised many people.

The $60 benchmark is what many people think is the insurance price, but they can't think of it. The $60 line is easily broken, and then continues all the way down.

Can this crude oil fall to the last century, only a dozen dollars a barrel?

This is of course impossible, because Feng Yu has already begun a gradual delivery contract, and those big consortia in Europe and America are also slowly handing over contracts and starting to reap profits.

Only this world crude oil futures are more volatile than the previous one. Feng Yu even suspects that crude oil prices may fall to 30 dollars.

If you count inflation, it is lower than the dozens of dollars in the last century!

It seems that this time, the profit can be higher than imagined.

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