Super Invincible Battleship
Chapter 1277

Chapter 1277: Chapter 504 Bankruptcy Liquidation Chapter 1277: Chapter 504 Bankruptcy Liquidation Soon, the news from the Dream Island News Conference spread worldwide, revealing the discovery of a prodigious oil reserve underground on Dream Island. Dream Island now had a daily extraction capacity of 100 million barrels of oil and was set to sell premium oil at $50 per barrel.

International finance capital, which had already completed arrangements, was about to reap huge profits from the oil futures market when they were suddenly hit with catastrophic news akin to a nuclear bomb explosion. In an instant, prices on the World Oil Futures Market plummeted from a peak of $550 per barrel to $48–a mere tenth of the former price.

In a very short time, the oil futures contracts of international finance capitals were all obliterated and forcefully liquidated by the trading centers. As these financial institutions generally leveraged their operations, the forced liquidations wiped them out, causing them to lose everything and formally enter bankruptcy proceedings. Only a handful of financially robust international finance capitals remained, still holding on with hopes of turning their fortunes around with the remaining chips.

Almost all international finance capitals were wailing in misery, unable to understand why, even with the vast oil reserves, Dream Island would announce this adverse news during such a prime time instead of selling more oil to reap massive profits. Could it be that Yan Fei was a fool who did not understand the logic that prospering together is the king's way? Or perhaps it was indeed because Yan Fei was concerned about the world…

This mishap caused huge losses for international finance capital–leading to either bankruptcy or a harsh winter. After this event, their strength significantly diminished, drastically reducing their influence over the global economy. Among them, the financial capitals of the United States of America suffered the most, incapacitating them from significantly supporting the US Government.

The Dragon Slaying Club, which stood behind international finance capitals, was also gravely weakened by this incident, losing the confidence to drive historical progress. This now exposed so-called Mysterious Organization seemed an easy target for Yan Fei…

Upon learning the contents of the Dream Island News Conference, the old US President was infuriated. The international finance capitals, led by the United States, suffered a tremendous blow from Yan Fei's covert operations, representing a huge loss for the US.

What troubled the old US President even more was that Dream Island had started to send clear signals of undermining the US Dollar's global status, aiming to exclude the US Dollar from oil transactions with Dream Island. If the US Dollar was indeed cut off from settling transactions with Dream Island oil, the global hegemony of the US Dollar could collapse, causing a devastating impact on the US economy.

The old US President refused to sit idly by; he convened his staff to think of countermeasures, determined to thwart Dream Island's aggressive economic maneuvers and simultaneously launch a robust counterattack. Initially, US senior officials suggested detaining ships transporting oil from Dream Island at sea and subjecting them to endless inspections to prevent them from bringing the oil back to their home countries.

However, Yan Fei had long seen through their plans and issued an early warning. The US dared not risk reigniting a war with Dream Island by executing the oil tanker seizure plan. Having not fully recovered their military strength due to an incomplete recovery of the American Satellite System, if the US engaged in warfare with Dream Island again, not only would they be at a disadvantage, they could potentially face another defeat…

Upon weighing the pros and cons, the old US President decided to abandon military actions and solely retaliate against Dream Island politically and economically. They planned to wield long-arm jurisdiction through US domestic law, compelling nations and enterprises with economic ties to the US not to purchase Dream Island's oil.

To achieve this, the US Congress expedited the review of the President's proposals, gearing up to quickly besiege Dream Island on a global scale. To ensure an adequate oil supply for Western allies, American enterprises had to intensify equipment investment and massively extract domestic oil resources, ensuring that Western allies would not face an oil shortage without importing oil from Dream Island…

After concluding the news conference, Yan Fei entrusted all matters to Lu Pingping and reentered the underground oil warehouse, moving the oil from the distant Middle East to Dream Island.

Yan Fei transported 5.4 billion tons of oil daily, and it took six days to completely fill the second oil warehouse. By then, the amount of oil Yan Fei had transferred to Dream Island approached 100 billion tons. Even if Dream Island sold 2.2 billion tons of oil internationally each year, it would suffice for 45 years.

Meanwhile, the Middle Eastern countries were left in dire straits. Having weak industrial and agricultural bases, they lost all hope of emerging as powerful nations upon losing their pillar industry–oil. The sudden disappearance of massive wealth, coupled with the emigration of the wealthy, triggered the concentrated eruption of suppressed conflicts within these countries, plunging all Middle Eastern societies into extreme instability.

The US and its European allies, who had originally intervened in the Middle East under noble pretenses, turned a blind eye to these developments. They even began to withdraw their military presence from the region. For them, the Middle East had become a worthless land of harsh mountains and rivers, and they certainly wouldn't let their soldiers bleed in such a place. As for the so-called freedom and democracy, it was left for the Middle Eastern people to fight for themselves…

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