Chapter 1287 The End
Shale oil extraction technology comes out! ! !
Now officially put into use, a large number of shale oil companies have emerged and started selling goods! ! !
The production capacity of 50 shale oil companies is about one-third of the current oil production capacity! ! !
…
A piece of nuclear explosive news completely exploded in the financial circle shortly after the opening of the international futures market! ! !
All financial people are confused! ! !
Chen Mo's position started to explode. All the short funds ran away in panic. The good news and the long funds were completely crushing!
It was under such circumstances that an unprecedented negative news unexpectedly emerged! ! !
When John Roefeller saw this news, his eyes almost popped out of his sockets!
"How is this possible? Shale oil? What the hell is this?"
"Why is it that something that Chen Mo's lab started working on half a year ago is only announced now?!"
In fact, even Chen Mo himself did not expect that his layout of shale oil would one day become his life-saving straw.
According to Chen Mo's memory in his previous life, there were three times in history when oil prices plummeted.
The first time was in August 1985, when the desert area increased crude oil production, causing the price of crude oil to fall by 70% in one month!
The second time was in 1997, when global demand was weak, the financial crisis came, and the global economic situation was not optimistic, which led to a sharp drop in global demand for crude oil, causing the price of crude oil to hit a record low, once falling to 9 yuan a barrel!
The third and final time was when shale oil technology was put into use, causing shale oil production to begin to increase significantly, breaking the balance of the international oil market and forcing oil prices to fall by 7%!
The third price reduction originally occurred seven years later, but Chen Mo asked his scientific researchers to develop shale oil extraction technology in advance and put it into use.
Now, with this technology, Chen Mo has become the overlord of shale oil!
He holds one-third of all shale oil currently being mined!
Originally, Chen Mo wanted to rely on shale oil technology. When the time was right and the oil price reached its highest point in history, he would go short and make a lot of money!
Unexpectedly, the sudden futures war forced Chen Mo to launch this technology in advance.
As this news spread around the world, international crude oil futures, which had been rising sharply, finally could not withstand the pressure and fell in response!
Suddenly, one-third of the production capacity was increased, and the production capacity will be doubled in the future!
Even if two more Loefeller family businesses are shut down, they won't be able to withstand this kind of super negative news that is directly based on the relationship between supply and demand! ! !
This kind of big bad news is a devastating blow to Ross and Bahuite who have already exhausted all their chips!
Ross sat in front of the computer. It was clearly winter, but he was sweating profusely, and his suit was soaked!
"Report, international crude oil futures prices have begun to plummet!"
"The speed of the plunge is unheard of!!!"
“Oh my god, every time I refresh, the price plummets by 10 yuan!!!”
“It’s too fast, there’s no time to operate!!!”
"..."
It only took a minute for the news to come out.
The price of international crude oil futures plummeted to 100 yuan! ! !
"Mr. Ross, Mr. Bahuite, 85% of the accounts we control have reached the warning level of liquidation. If we don't cover our positions, they will be finished soon!"
Ross couldn't help but shudder when he heard this.
In this business war, all the chief gods of the foundation came to help him, and even forced the Loefeller family to sacrifice production capacity in order to win!
Once you lose, how terrible will the consequences be?
For the first time in his life, Ross felt a deep sense of fear.
"No, you must cover your position! Otherwise, your position will be liquidated immediately!"
Ross panicked and answered John Loefeller's call.
"Mr. Loefeller, I need funds to cover my position..."
"Do you think my death is not thorough enough?!"
John Loefeller roared with anger: "The top leaders of the Loefeller family are now meeting to impeach me and demand a new head of the family!"
"Are you satisfied now? Is the foundation satisfied?!"
There was a click and the phone entered a busy signal.
Rose's face was twisted, wishing he could rush in front of Chen Mo and peel off his flesh.
And at this moment, all the last funds in Chen Mo's hand suddenly entered the market!
This funding became the straw that broke the camel's back!
International crude oil futures fell below the original price, reaching the pressure level of 30 yuan a barrel!
The weak short-seller turned into the god of death and began to wield a bloody sickle, frantically harvesting the long-seller's funds.
For those who insisted on going long, hundreds of thousands of accounts were liquidated in an instant! ! !
The global capital circle has fallen into madness! ! !
In an instant, the international crude oil futures market has become a carnival party for short sellers. As long as you join in, you can get a share of the pie!
"International crude oil futures prices have dropped to 20 yuan a barrel, and they are still falling!!!"
"God, please, don't let it fall anymore, 20% of our account has been liquidated!"
“The liquidation is still going on, the pressure is too great, I can’t bear it at all, please support!!!”
“50% of the accounts were liquidated!!!”
“The proportion of liquidated accounts has reached 60%!!”
"The international crude oil futures price has dropped to 12 yuan, and is rapidly heading towards the lowest point in history!!!"
"..."
The loud, noisy sounds kept coming to Rose's ears.
At this moment, his brain was buzzing, as if he had been hit by a hammer, and it kept buzzing!
More than ten trillions of funds were wiped out in an instant!
All this money became the spoils of short sellers and was harvested!
Bahuite knelt on the ground, unable to bear the pressure anymore, and burst into tears:
"Lord, did I do something wrong? Why do you punish me like this?"
At this moment, a scream sounded like a hen being strangled by the throat:
"It fell...it fell below 10 yuan, and now the price is 9 yuan a barrel!!!"
“It’s even lower than the all-time low!!!”
Rose's bloodshot eyes widened and he was about to roar.
Sudden……
"It's exploded... it's exploded..."
A trader in charge trembled his lips, and his whole body seemed to be electrocuted, and he cried:
"Mr. Ross, all our accounts have been liquidated!"
Rose's pupils shrank sharply!
Stand up suddenly!
He stared at the computer screen in front of him. When his brain finally realized what had happened, he saw that all his accounts had been liquidated!
The price of international crude oil futures is around 9 yuan!
All this happened so suddenly that Rose was caught off guard.
Ross felt his eyes darken and his throat felt sweet...
"Pfft~~~~"
He opened his mouth and a mouthful of blood spurted out onto the computer screen...
