Super Invincible Battleship
Chapter 1271

Chapter 1271: Chapter 502 Red Diamond Chapter 1271: Chapter 502 Red Diamond Dream Island's oil reserves reached a staggering 200 billion tons, and its total value even hit the frightening figure of 77 trillion US Dollars. However, oil prices are at a historic high right now, and if all the oil were to be sold, not only would it take a lot of time, but oil prices would definitely plummet. At most, only one-tenth of that wealth could be realized. But even if only 7.7 trillion US Dollars could be obtained, that would still be a considerable super fortune.

As soon as Lu Pingping thought about the immense wealth Dream Island was about to gain, she became somewhat excited, fantasizing, “If the oil from the Middle East disappeared, followed by the disappearance of oil from all other countries around the world, and only our Dream Island had oil, that would be perfect. In that case, just the 200 billion tons of oil from our Dream Island could be sold abroad for 44 years, and the profits earned every year would be unimaginable…”

Dream Island had already completely abandoned fossil fuels and entered the era of all-electric power. With the technological support from Dream Island, China will also enter the all-electric era in the near future, and their oil demand will sharply decrease. Yet, the technological know-how of the Super Nuclear Power Station remained firmly in the grasp of Dream Island. As long as Dream Island didn't disclose this epoch-making technology, other countries would not be able to enter the all-electric era, and oil would remain their core energy source.

Therefore, even though Dream Island had a substantial oil supply, their sales targets were not Dream Island or China, but other countries and Enterprises around the world that were in dire need of oil. Dream Island would scrape off a layer of wealth from them with its robust oil reserves.

Thinking about Dream Island soon becoming a force to be reckoned with in the oil market, Lu Pingping got a little excited. She wiped the non-existent saliva from the corner of her mouth and said, “Fei, since we have so much oil reserves, and the price of oil futures on the market is so high right now, should we continue to sell oil futures contracts? After all, oil prices can't stay this high forever, and later on, we won't be able to sell at such high prices.”

Yan Fei shook his head and said, “Although my goal in speculating in oil futures this time was also to make money, earning money was not my sole purpose. I wanted to use it to strike a blow against international capital led by the financial Capital of The United States of America. We acted early and have already made enough profit, so in the following period, we won't be focusing on making money. Instead, we're going to start hitting these international capitals that are riding the wave. We will cause the international oil futures prices to plummet quickly, leaving the international financial capitals unable to escape and suffering total losses.”

It was only then that Lu Pingping understood Yan Fei's strategic purpose. She did not regret the huge profits that were almost within reach and immediately followed Yan Fei's line of thought, saying, “Now that we control so much oil resources, we already have the power to determine world oil prices. As long as we handle it properly, we can definitely cause a sharp drop in oil prices in the short term and ensure the international financial capitals lose everything.”

Yan Fei said, “I am not too worried about this great oil futures war because we are bound to win in the end. However, after this war is over, I will establish the world's largest oil futures trading Market on Dream Island, where the oil transaction volume must account for more than 50% of the World's total oil transaction volume.”

Lu Pingping was determined to help Yan Fei achieve his strategic purpose. She asked, “With so much oil reserves, setting up an oil futures trading market is definitely no problem. But how do you plan to establish the rules for this oil futures trading market?”

Yan Fei said, “I have only one rule: our oil futures trading Market will not use US Dollars as the settlement currency. There will only be three types of settlement currencies for this oil futures trading market. The first is the Dream Coin we are about to introduce on Dream Island; the second is, of course, the Chinese Coin; and the third is the European Unified Currency Euro.”

Being a professional, Lu Pingping had meticulously simulated and calculated the implications of Yan Fei's decision in her mind as soon as he finished speaking. She realized Yan Fei's real intention and exclaimed in surprise, “Fei, are you aiming to exclude the US Dollar from major World commodity transactions, trying to overthrow the US Dollar Hegemony?”

Yan Fei replied, “That's right. I've been planning for such a long time; making money was secondary. My main goal is to hit the Dollar, making the US Dollar Hegemony a thing of the past.”

Lu Pingping said, “The conflict between us and The United States of America still exists, and I can understand your desire to deal with them. Moreover, with our vast oil reserves, it's easy to undermine the US Dollar's hegemony. But US Dollar Hegemony is one of the foundations of America's strength, touching the core of their power. This move of ours is tantamount to blatantly destroying the foundation of America's strength, and they will certainly retaliate. Are you really prepared to engage in full confrontation with The United States of America right away?”

Yan Fei said, “I've said before, our war with The United States of America is not over, and one day in the future we will go to war again. So, I will continue to hit the US economy while they do the same – they are currently trying to isolate Dream Island internationally and slow down our development. Since there is bound to be another big war sooner or later, why should I not strike at the US economy when we have the advantage?”

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