Chapter 907 Efficiency
Seeing the name "John Smith" on the caller ID on his phone, Barron declined the call.
"Let's continue..."
He was on a video call with Daisy, and he only heard Daisy continue:
"As for international crude oil prices, many international capitals have expectations that their prices will trend downward. As long as there are no special emergencies, this trend is relatively certain..."
Barron's previously gave up on cooperating with PetroChina to acquire Eni East Africa because oil and gas prices will fall by more than half in the next few years. It is still very uneconomical to make this acquisition now.
But in fact, major investment banks such as Goldman Sachs, Vanguard Group and Standard Chartered-Merrill Lynch have already predicted the decline in international crude oil prices. After all, the main reason for this round of decline in oil and gas prices is the shale crisis in the United States. Oil and gas revolution.
In fact, venture capital and private equity investment in the United States have been ongoing for investments in technologies related to shale oil and gas exploration.
And with the breakthrough of this technology in recent years, the scale of investment of these capitals has also increased, which has ultimately led to the rapid growth of American shale oil and gas production. Regarding this, it is impossible for Vanguard Group, as one of the major American capitals, not to clear.
According to statistics from the U.S. Energy Information Administration (EIA), from 2000 to 2013, the annual output of U.S. shale gas increased from 11.796 billion cubic meters to 302.5 billion cubic meters, and the U.S. shale gas production accounted for total natural gas quickly increased from 1.7% to 44%.
At the same time, the proportion of conventional natural gas in total natural gas production continues to decline. The proportion of natural gas production from conventional gas fields in total natural gas production dropped from 73.3% in 2000 to 43.1% in 2012.
It can be said that the American shale gas revolution is a revolution unplanned by the American government. Its process has greatly exceeded the expectations of the U.S. Department of Energy and has had a huge strategic impact on the U.S. energy structure.
The widespread application of shale gas horizontal wells and water fracturing technology has not only increased the shale oil production associated with shale gas, but also the production of shale oil wells has also increased rapidly.
Since 2013, U.S. shale oil production has reached more than 3.5 million barrels per day. The shale oil and gas revolution has led to a significant increase in U.S. domestic oil production capacity.
Since 2004, domestic oil production in the United States has increased by 56%. In addition to the normal production of traditional oil fields in the United States, new production has reached 3.1 million barrels per day.
The use of natural gas as power for vehicles and ships in the United States has begun to increase rapidly, which is forming an irreversible structural transformation of energy. The American shale oil and gas revolution has had a profound impact on the global oil and gas supply and demand pattern.
From this time on, the United States also replaced Saudi Arabia and became the world's largest oil producer!
"So it is impossible to attack the Pilot Group from futures related to oil and gas prices. They are even shorting oil and gas prices to a certain extent..."
Daisy concluded:
"But it is still possible to attack the Vanguard Group in terms of international gold prices, because they own a number of gold trust ETFs. These funds have previously made good profits from the rise in gold prices. According to our According to the testing data, although the size of these gold trust ETFs has decreased, the extent of the decrease is not significant.”
“What about the gold-related funds of other investment banks?”
After hearing Barron's inquiry, Daisy confirmed the data on several documents and said to him:
“Wall Street capitals such as Goldman Sachs and JPMorgan Chase have always been relatively flexible in this regard, and BlackRock’s gold trust ETF size is also being reduced...”
In addition to expelling Vanguard Group's influence in Sinclair Group, Barron is also prepared to teach the other party a lesson - but this lesson must be certain to a certain extent.
The struggle between these big capitals will be continuous. It cannot be like a fight between small gangsters, where the winner must be decided at once.
Moreover, the so-called killing one thousand enemies and losing eight hundred to oneself also needs to consider whether other capitals will take the opportunity to cause trouble. This is actually somewhat similar to competition between countries. If you are too aggressive, anyone will be wary. ——But everyone can still accept your moderate counterattack.
As for if you choose to support the Pilot Group on the international gold price, you should also consider whether it will accidentally hurt other people - if you make money because your prediction is correct, others will not be able to say anything, but if you do it yourself" "Being the banker", by stirring up the situation to affect the price, then the capital damaged will inevitably feel resentful.
Therefore, in which field we should do it and to what extent we will ultimately achieve it are all things that need to be considered.
…
"If you are still begging for John, then I can only say sorry..."
Barron did not answer John Smith's call. After ending the video call with Daisy, he saw that the caller on his mobile phone was Jenny's name...
After being connected, Barron said directly.
"I will be very sad if you say that, Barron, although I had no intention of asking for mercy at first..."
Jenny said on the phone:
"I know that this time is different from last time. He... is really too confused. In other words, he shouldn't be forced to be in this position in the first place."
Barron was a little surprised by Jenny's words. Although he knew that this woman always had her own opinions, it was still rare to see these.
"Are you home now?"
"No, I left home. John's brother and sister went home just now. They had a quarrel. I don't want to stay there. John's emotions are a little out of control..."
"Shall I send someone to pick you up?"
"No need..."
Jenny seemed to hesitate for a moment and said to Barron:
"I will stay at my home in New York for a while. I was going to tell John, but his current situation is not an appropriate time. Barron, I'm pregnant..."
Barron didn't expect it to be so soon...
Yes, when Jenny was with him before, she didn't take any measures, but she was able to be so "efficient". Could it be that he is really good at it?
"What are you going to do?"
"I want to keep him..."
It seems that she has made up her mind. Barron heard Jenny say:
"I will talk to John after a while, but I will keep this child. It has nothing to do with you, Barron. I will raise him myself."
"How can it have nothing to do with me? Forget it. Just know that if you have any problems, just contact me and I will help you solve them."
Until Jenny hung up the phone, she did not mention anything about John again. It seems that she really did not plan to intervene in this matter again.
Barron looked at John Smith's missed call in the call record and called back. After a few rings, no one answered.
He shook his head and hung up the phone.
