Yang Meng pulled a horse slap: "You sit there, I'm dumb, each person has a jar, you can drink well!"

Ling Feng handed Yang Meng a pair of chopsticks: "Try the beef made by my wife. I'm not bragging, my wife's skills are first-class. I have agreed with Erlenzi that my wife will deliver the beef made by her in the future to the 'Jianghu' and give it an extra side dish!"

Yang Meng gave a thumbs up after taking a bite: "It tastes really good! Great craftsmanship! I'm telling you guys why you hide here?"

Xiao Peng said: "Look at the people outside, the men's clothes are all muscle lines. Do you want us to embarrass us? What are the rings Long Teng and Bai Ze? You ask us to go up and fight with them? Besides, except Erlangzi, the rest are all people with families. What do you want us to do? Flirt with young girls? So why don't you be here to be quiet!"

"If you steal wine, you're stealing wine. Why do you say so well!" Yang Meng said disdainfully: "I said Michael, are you drinking again? Did I catch me?"

Michael Jones shrugged and said, "The doctor said I have quit drinking, whether it is physical or psychological dependence. Well, it's strange. I can't drink the so-called white wine in your Han Dynasty, but I feel very comfortable drinking your wine!"

Qi Kun patted Michael Jones on the shoulder and said, "Look at this guy, sitting cross-legged on the ground drinking wine and eating beef. This is even more Han Chinese than Han Chinese! But this Chinese is still a bit rough, and you still have to practice it! I said Michael, you are also a star after all, and people who see your image will definitely cause an uproar. The title I have thought about "Retired Stars Going Bankrupt, Life is Extremely Depressed". What do you think?"

Michael Jones shrugged, "Is life down and over? I just feel very comfortable."

Qi Kun asked curiously: "Michael, I've always been curious about how you went bankrupt? How could you go bankrupt after you make so much money? You can afford to raise so many people, right?"

After hearing this, Michael Jones put down his chopsticks and sighed: "I was fooled by the investment company and invested in the oil company. The result is conceivable. Sorry, my Chinese is still a bit unfamiliar. In this way, I will say in English that Yang will translate it for you."

After hearing this, Qi Kun blinked: "No, how can this investment energy be lost?"

Yang Meng said: "Listen to Michael."

When Yang Meng understood it, she was also filled with emotion. Regarding investment, some things are really hard to say.

Where is the world's largest crude oil producer?

Tsarist Russia and Saudi Arabia are not!

In fact, in recent years, the world's largest oil-producing countries have not been these two traditional energy power countries, but star-striped countries. In recent years, the world's largest oil-consuming country has become the world's number one crude oil-producing country as their technology for exploiting oil from oil-containing shale is becoming more mature, and the star-striped country has truly achieved "energy independence"! At that time, Comrade Jianguo was so proud. At that time, many people in Han Dynasty were clamoring: 70% of the energy consumption of Han Dynasty depends on imports, why not engage in shale oil sight energy independence? Look at how powerful the star-striped country is?

The facts prove that those who express such opinions are indeed one bottle that is not as swaying half a bottle. So many experts from the national think tank are not as good as you? The final result is: this shale oil has become a big nightmare for the Stars and Stripes.

Business people know that if you want to make money, you will either reduce the output and sell at a high price, which is the so-called hunger marketing. For example, the usual routine of "Small Mi" mobile phones; or it will increase the output and occupy the market with small profits but quick sales. This is how Han Chinese small commodities can be sold all over the world.

This is the case for energy.

There are only a few places in the oil-producing countries. For example, the Han Kingdom, the Stars and Stripes are not considered energy countries. More than 96% of the natural energy of the Han Kingdom is coal, and the remaining 4% is oil and natural gas. Although the Stars and Stripes produce oil, they are the world's largest oil consumer and require a large amount of imported oil every year.

However, unlike Han, they are considering energy independence, that is, to achieve energy self-sufficiency. The way they think of is: squeeze oil from the cracks of the stones themselves - that is, shale oil.

Is shale oil good? It's really good! After all, for any country in the world, the emergence of an energy can save the world. The shale oil production of the Stars and Stripes is not a joke. Not only has it achieved energy independence, it has begun to export to the outside world to occupy the market share of traditional oil-producing countries.

But there are also problems with shale oil, that is, the cost is a bit high. The cost of a barrel of shale oil costs about 45 US dollars per barrel. What is the cost of traditional oil-producing countries like Saudi Arabia? It is about 9 US dollars per barrel.

In the early years, in order to make more money, traditional oil-producing countries such as Saudi Arabia did less hunger marketing every year, which was to reduce production and increase prices. In the past fifteen years, international oil prices have generally been around 100 US dollars per barrel, and at the highest point it even reached a price of 147.27 US dollars per barrel. Even at low prices, it was seventy or eighty US dollars per barrel. As a result, the shale oil disrupted the situation, and the oil price reached about 60 US dollars per barrel.

Although he still makes money wildly, Saudi Arabia and other crude oil-producing countries found a problem: the original oil export market was seized by Stars and Stripes!

This is why my uncle can't bear it anymore. So Saudi Arabia made a plan to "cut off the firewood from the bottom of the pot" to increase crude oil production and destroy crude oil prices.

At this time, another major crude oil producer, Tsarist Russia, could no longer sit still------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

The production cost of shale oil is more than 40 US dollars per barrel, so the shale oil production companies in the Star Stripe Country instantly had only tears: the more than 20 US dollars of oil dug out per barrel were taken out. Isn’t this using life to serve the people?

Michael Jones was so unlucky that he thought that oil would definitely make money, so he bought a large number of stocks from shale oil companies, and the result was a terrible one.

For example, the 'Huiding Petroleum' he invested in was a veteran oil company in the Star Stripe Kingdom and the first oil company to intervene in the shale oil revolution. As a result, the stock price dropped from more than 300 US dollars to 0.33 US dollars per share, which was a loss. After Yang Meng told the story of Michael Jones to everyone, Qi Kun asked in confusion: "They just invest more in the early stage, right? If the later production investment is less, they will not be able to accompany so much money after the cost is reduced, right?"

"The cost cannot be reduced." Yang Meng explained to Qi Kun: "All shale oil wells will shrink by about 75% in two years of mining. If you want to maintain the output, you must dig a new well. What is needed to dig a new well? It is still money and equipment. In fact, when the oil is 100 barrels, it is difficult for those shale oil companies to make a profit! It is because of equipment costs, land costs, labor costs, etc. These are not small money!"

Hu Erling was stunned after hearing this: "According to your opinion, isn't this what those shale oil companies have always lost money and made a lot of money? Are they stupid?"

Yang Meng shook her head: "They are not stupid! Since the Stars and Stripes launched the so-called 'shale oil revolution', do you know how many large and small shale oil companies have been born in Stars and Stripes? More than 7,800! A group of people who want to make money have joined this industry, but they don't have that much money? Relying on bank loans to set up companies and put them on the market, they then raise funds to list to absorb the money from shareholders. Now there are almost US$240 billion in maturing energy debts every year, of which at least 90% are

Shale oil companies are related. Now they want to pay off their existing shale oil debt, they need at least nine billion barrels of shale oil, which is the output of all their shale oil companies together for ten years. And in the past ten years, they have to open new wells, increase equipment, purchase land, and borrow money from banks, which eventually becomes a vicious cycle. What the national financing department is most afraid of is the collapse of these energy debts, just like our country is afraid of the collapse of the real estate industry."

"What does this mean?" Qi Kun asked: "Why are they afraid of energy companies storms?"

Yang Meng thought for a moment: "I'll briefly explain that the financial department of this Star Stripe Country divides debts into several levels according to user credibility, and the interest rates that need to be repaid at each level are different. The worst one is the "junk debt", which accounts for about 20% of all debts, and the repayment rate is also the highest. It means that it is difficult to get back the money; the second is the "bbb-level" debt, which is the second-to-last reputation. If these energy companies cannot repay the debt, the financing department will transfer these energy bonds to the junk debt level and greatly increase the repayment of interest, which means that it is a little bit to get back. And those energy companies naturally cannot repay such high interest, which accelerates the speed of bankruptcy.

The bankruptcy of energy companies leads to the lack of money. How can such a large gap be made up? They will raise other debt interest rates, such as the 'bbb-level' debt interest rate, and many companies that can afford to repay loans cannot afford high interest rates, and companies with 'bbb-level' debts are one step away from bankruptcy. At this time, they may be reduced to the 'junk debt' level because they cannot afford to repay their debts. Then they will be further raised to repay their interest rates and then bankruptcy. 50% of all debts in Star Strip Country are 'bbb-level' debts, up to three trillion! In other words, if the energy debt cannot be paid, it will lead to the outbreak of the corporate debt crisis in the entire Star Strip Country. Well, this is the 'butterfly effect'."

After he finished speaking, he translated this to Michael Jones in English: "My understanding is still correct?"
Chapter completed!