Super Invincible Battleship -
Chapter 1265
Chapter 1265: Chapter 499 Oil Futures_2 Chapter 1265: Chapter 499 Oil Futures_2 Yan Fei's trip to the Middle East this time had yielded tremendous gains. Whether it was all the Middle Eastern oil or the hundred and fifty thousand tons of gold, they were the sharpest trump cards in Yan Fei's hand. Once Yan Fei revealed these cards, they were bound to have an earth-shattering effect. By then, even the allies of the United States of America would have no choice but to abandon it and turn to Dream Island for support. The old President of the United States' machinations were destined to be in vain…
However, Yan Fei also welcomed the countermeasures from the United States, as they allowed him to distinguish who were his friends and who were his enemies. Those who wavered and repeatedly changed their loyalty, the fence-sitting forces, were destined to be abandoned by Dream Island, and they would have no future anymore.
Time passed while Yan Fei quickly read through the most recent news from around the world. Three hours later, the drone returned to Dream Island. By then, it was ten in the morning local time at Dream Island, and after a long flight, the Drone Energy Points were almost depleted.
Yan Fei then controlled the drone to descend in the still foggy territorial waters of Dream Island, then had the drone return to the deep sea to lie in wait, while he himself quietly went back to shore and returned home. Due to Yan Fei's cautiousness, even those around him hadn't realized that he had made a round trip between the Middle East and Dream Island, completing an incredibly audacious and crazy super plan in the meantime.
Twenty days of solitary underground digging had exhausted Yan Fei both physically and mentally. As soon as he returned home, he immediately fell into a deep sleep until he woke up at eight in the morning the next day, back in his optimal condition.
The first person Yan Fei met was Lu Pingping, as he was about to steal all the oil from the Middle East, which was sure to cause a huge stir in the oil futures market. Now that Dream Island had enough Strength in the oil futures market, Yan Fei decided to make a massive profit from the volatility in the oil futures. However, since he was not very knowledgeable about how to carry out the operations, he handed over all operational rights to Lu Pingping, a financial expert, to manage this matter.
Then Yan Fei disappeared again, summoning the underwater drone to start construction underground on Dream Island, preparing to dig out a huge oil storage Warehouse for the eventual transfer of all Middle Eastern oil to Dream Island.
Of course, before using the drone's shockwave to dig the Warehouse underground, Yan Fei first moved a thousand tons of diamonds collected from the Middle East into the Underground Secret Warehouse on Dream Island. He then cut open the massive Golden Orb, used the mini-production workshop to shape them into standard Gold Bricks with Dream Island's unique digital code, and then stored these gold bricks in the Underground Secret Warehouse as well.
Yan Fei's goal was to steal all the oil from the Middle East, potentially over a hundred billion tons, so storing it all required a vast space. Fortunately, the underground of Dream Island was made of tough steel rocks, and by carving out large Warehouses, Yan Fei could store the transferred oil there.
Next, Yan Fei would publicly announce, claiming that a large amount of oil was discovered underground on Dream Island, and using extraction Equipment to pump oil from the underground Warehouse for sale abroad.
The whole world knew what Dream Island was like before, and although they could not understand why the territorial waters of Dream Island had suddenly risen, they had to accept this incomprehensible reality. However, once Yan Fei announced the discovery of a large amount of oil in the territorial waters of Dream Island, it was unlikely anyone would believe it, because the seabed of Dream Island consisted only of hard rocks, where oil could not possibly exist.
But now, Yan Fei no longer cared about public opinion. As long as he did not permit anyone to conduct specific research in the underground of Dream Island, and insisted that there was a lot of oil there, no one could do anything to Yan Fei. After all, the ability to transfer over long distances in Universal Space was too peculiar for anyone to suspect that the oil was stolen from the Middle East.
Before Yan Fei had secretly excavated numerous Underground Secret Warehouses beneath Dream Island, but these Secret Warehouses were much too inadequate for storing oil in quantities of billions of tons. Therefore, Yan Fei had to construct more massive warehorses underground. To accomplish this aim, Yan Fei had to give up his rare opportunities for rest and continue to toil in the pitch-black underground excavating. However, Yan Fei's spirits were unlike those of others engaged in subterranean work; he was filled with joy…
Not to mention how Yan Fei tirelessly utilized the shockwave function of the drones to dig the Underground Warehouses day and night, on the third day after his return to Dream Island, several major oil-producing countries in the Middle East began experiencing issues with their oil wells situated at higher elevations. Not only did the daily oil production significantly decrease, but the oil pressure from underground also began to weaken. Previously, they could easily extract oil from underneath, but now, even with all their might, they could not mine as much oil as before.
When the situation first emerged, oil experts in the Middle East were not aware of its severity. They thought it was a rare mishap specific to a few wells, but as time went on, those wells at higher elevations could no longer extract any oil, and even those at lower elevations started experiencing the same issues. At this point, people were shocked to find that the number of problematic oil wells had exceeded five hundred. Discovering this terrifying number, everyone knew the situation was taking a turn for the worse…
The Middle Eastern countries lacked significant industrial and agricultural development; their sole reliance was on the underground oil resources. Thus, when they found they could not extract oil, they immediately panicked and started to deploy substantial manpower and resources to troubleshoot the issues. However, no matter how much effort they invested, they could not stem the emerging tide of failing oil wells. As they watched in despair, the number of non-producing oil wells skyrocketed.
In just a mere fifteen days, every oil well in the Middle Eastern countries encountered problems, even the lowest-located Kuwait Oil Well could no longer extract any oil from underground. It was as if all the oil in the Middle East had suddenly vanished. To determine how this oil disappeared, oil and geographical experts from around the world gathered in the Middle East to investigate this unprecedented problem.
The oil extracted in the Middle East was substantial, accounting for over 30% of the global oil output. Now that the Middle East suddenly could not extract any oil, it immediately caused worldwide panic. Europe, particularly reliant on Middle Eastern oil for survival, was especially anxious and began searching globally for substitutes for Middle Eastern oil, but where could they find sufficient substitutes on short notice?
The problem with Middle Eastern oil quickly reflected on the World Oil Futures Market. This catastrophic news instantly drove oil futures prices upward. Those who feared being unable to deliver oil during transactions began purchasing oil futures contracts globally to close their positions, indirectly driving up the prices of oil futures. In just one trading day, the price of oil futures rose by 50%, from 50 US Dollars per barrel to 75 US Dollars per barrel. However, with a sudden loss of over 30% of the world's oil output, a 50% increase was just the beginning…
As the futures market fell into fear over the oil shortage, suddenly, a large number of oil futures contracts appeared on the market, which thrilled the anxious futures traders, who swiftly bought up these oil contracts priced 100% higher.
As the price of oil futures slightly receded, oil experts stationed in the Middle East began spreading extremely ominous news. As long as this bad news kept emerging, the price of oil futures would experience a significant rise, followed by the appearance of more oil futures contracts on the market that were quickly divided up. Then, more bad news would emerge, sparking another surge in oil futures prices, creating a vicious cycle…
Thus, with the continual emergence of bad news about Middle Eastern oil, the global price of oil futures quickly rose to an unprecedented 200 US Dollars per barrel. By this time, the number of newly released oil futures contracts on the market had already exceeded 10 billion barrels.
However, due to the sudden disappearance of Middle Eastern oil, an actual oil crisis was now imminent. Now, with money in hand, no one could buy oil, so 200 US Dollars per barrel was not the peak price for oil futures; there was still room for an increase.
Thanks to the book friend: Qin Ying for the reward! Thank you, everyone, for subscribing to this book, and for your support with the monthly and recommendation tickets!
Search the lightnovelworld.cc website on Google to access chapters of novels early and in the highest quality.
If you find any errors (non-standard content, ads redirect, broken links, etc..), Please let us know so we can fix it as soon as possible.
Report