From the Island Owner to the King

4*33 is about 53.8 billion barrels.

The world's oil reserves are ranked according to the world's proven oil reserves, and unproven oil reserves are not counted.

The first is Saudi Arabia, with 262.6 billion barrels, accounting for 85% of global reserves.

Compared with China, China's oil reserves are 14.8 billion barrels, which is less than 30% of the world's oil reserves of Tortuga Island;

In Central and South America, Venezuela, Brazil and Ecuador are the world's largest oil producers, and Venezuela's oil reserves even surpass that of Saudi Arabia.

It is the third largest oil field in the world and the ninth largest oil reserve country in the world, accounting for 4% of the global oil reserves.

As the world economy recovers and continues to grow. The rising star power China, Brazil, India, South Africa and other countries. The old powerful countries such as the United States, Britain, France and other countries have created rounds of economic miracles, and the consumption of crude oil has exploded.

By September 2019, the price of international crude oil continued to rise from the trough in the second half of 2015 to above US$142, and it is still rising. It is expected that this price will continue to rise for a long time.

For Chen Rui, the rise in crude oil prices has both advantages and disadvantages. The advantage is of course that the price of crude oil has risen. As the owner of the third largest oil field in the world, Chen Rui can make more money. For every US$1 increase in a barrel, according to the daily oil production Calculated at 4 million barrels, it is 4 million US dollars, and the daily profit is 4 million US dollars.

Of course, the disadvantages are also very large. The price of oil is too high, which prompts oil-importing countries to develop and research unconventional energy sources with lower research costs than high-priced oil, such as tar sands, tight oil, heavy oil, shale gas, coalbed methane, Shale oil, oil shale, and new energy sources, such as combustible ice and solar energy, wind energy, tidal energy and other renewable energy sources mentioned above, have taken up the market share of oil, which has greatly damaged the interests of oil-exporting countries.

Of course, it is opec's business to adjust oil prices to safeguard the individual and common interests of oil-exporting countries.

The so-called opec, transliteration, OPEC, the Organization of the Petroleum Exporting Countries.

Founded on September 14, 1960, OPEC was registered with the UN Secretariat on November 6, 1962 and became an official international organization.

There are currently 12 member countries, including Saudi Arabia, Iraq, Iran, Kuwait, United Arab Emirates, Qatar, Libya, Nigeria, Algeria, Angola, Ecuador and Venezuela.

The total oil reserves of opec member countries account for 77% of the world's oil reserves.

OPEC was founded to:

Eliminate harmful and unnecessary price fluctuations, ensure the stability of oil prices in the international oil market, and ensure that member countries can obtain stable oil income under any circumstances.

In layman's terms, all oil exporting countries unite to safeguard their interests. The high international oil price is not in line with everyone's common interests. The opec conference will coordinate the increase in production of all member countries to achieve a reduction in international oil prices.

In the same way, on the contrary, the international oil price is low, which is not in the common interest of everyone. The OPEC General Assembly will coordinate the production reduction of all member countries to achieve an increase in the international oil price.

Of course, the opec organization will also implement international political pressure by manipulating oil prices. This is how the first oil crisis came, and finally triggered the largest economic crisis in the post-war capitalist world from 1973 to 1975.

What Chen Rui wants to do is to consciously spread the news of the discovery of the Boris Oilfield, the reserves of the oilfield, and the quality of the oil to the world, causing the international crude oil price to drop.

After the financial trading team was ready, tens of billions of funds entered the market through countless secret accounts. (To be continued.)

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