America's Road To Wealth Chapter 52

  Chapter 52 Cohabitation Daily

  “.This time, our target is crude oil.”

  Smith Capital,

  On the podium,

   Taking the microphone in David Mellon's hand, Abel said loudly:

   "Can anyone tell me what the price of gas is now?"

  Of course he wasn't asking about the price of gasoline.

  His question was quickly answered.

   Someone shouted: "BOSS, news from Bloomberg.

   New York crude oil is now at 29.96, Brent is 31.16, Oman is 30.09! "

  New York crude oil is the international crude oil futures contract of the New York Mercantile Exchange, Brent is the Brent crude oil of the London Intercontinental Exchange, and Oman is the crude oil of the Dubai Mercantile Exchange.

   There are more than these three varieties of crude oil futures in the world.

   The three most influential, basically it can be said.

  These three crude oil futures contracts determine the benchmark price for global crude oil trade.

  Investment banks and financial companies, when investing in crude oil futures.

  Generally make a fuss about these three.

  Hearing the words, Abel nodded to show that he heard it.

   Crude oil around thirty dollars sounds cheap in 2022.

  But in the eyes of people in 2000, thirty dollars of crude oil was already very high.

   Early last year, that is, early 1999.

  The price of international crude oil has been maintained below 20 US dollars.

   At its lowest point, it was even as low as $10 a barrel.

  Dig out and lose money.

  But only a few months later, in September-October 1999, there was a sudden surge.

  In a month, the price broke through $30 a barrel for the first time.

  The highest record since the Gulf War in 1991.

  After entering 2000, the price of oil hovered at a high level above $30 for a long time.

  This has a negative impact on the economies of oil-consuming countries, and the world economy.

   Even the United States was forced to announce the use of 30 million barrels of "strategic oil reserves."

  OPEC and non-OPEC members also began to increase oil production.

  But so far, little effect has been achieved.

   It will take at least a while for oil prices to drop.

  At least for now, international crude oil generally remains at around $30 a barrel.

  Abel knew that this price would never last long.

  The main reason is that Aramco is still an oil consumer.

  Now in 2000, the industry in the United States is very developed, and the oil it produces is not enough for itself.

  This country has not changed from an oil-consuming country to an oil-exporting country.

   Therefore, the United States will never allow oil prices to remain high, and will try every means to suppress oil prices.

  By the end of the year at the latest, oil prices will definitely go down.

  But if you know it, you know, the current international crude oil can still make a fuss about it.

  He intends to do a short-term transaction for about one month.

"from now on."

  He began to give orders, "The total amount is one billion US dollars, and the leverage is about tens of times. Start buying crude oil."

   "The time to build a position is half a month. After half a month, I hope you can all buy crude oil futures contracts at a price below $31 a barrel."

   "Fill out all the ammunition I prepared for you, let's start."

  He gave the tool people an order.

   Just like what he has done many times since the company was established for half a year.

  The tool people below, start preparing immediately.

  Abel said to David: "Open the authority."

  Different from other companies.

  Smith Capital, 80 analysts and traders, most of the time do not have trading authority.

  Only Abel needs these instrumentalists, when performing their duties as instrumentalists.

  The company will open limited permissions to these tools, so that they can use it during this period.

  Use the company's accounts and funds, as well as credit guarantees, to conduct transactions within the specified range.

"clear."

   David has been working with him for almost a year now.

  Knows his style very well.

   "This is for you." Abel said, "I left beforehand."

"Ok."

   Get out of Smith Capital,

   Leave the Woolworth Building.

  Abel went downstairs,

   Near the entrance of the Woolworth Building, sit on a black Cadillac STS.

   "Go to Chelsea." After getting in the car, he said to the driver.

  The Chelsea here, of course, does not refer to the Chelsea in London.

  Manhattan also has a community named Chelsea.

   Within the scope of Ansa's cultural influence, there are not 100 places called Chelsea, but dozens of them.

   Just like within the scope of Slavic cultural influence, there are many people named Moscow.

  The biggest Moscow is of course the capital of Russia.

  The smallest Moscow is even just a small village in the countryside of Ukran.

  The driver understood what the boss meant, turned on the turn signal, and the car drove onto the streets of Manhattan.

  It was approaching noon, and Manhattan was congested again.

  Looking at the congested traffic ahead, Abel made up his mind again.

   want to move, move the company.

  Congested Manhattan is fine to live in.

   But once there is an urgent matter, it is really a headache to encounter this situation.

  In the future, I will move the company to Queens, and I can choose to take a helicopter directly to and from get off work.

   That way you can avoid this kind of congestion and don't waste time on the road.

   It is not very far from Woolworth Building to 357 17th Street in Chelsea Community.

  Because of the traffic jam, I still drove for a little over half an hour.

   Half an hour later,

  357 West 17th Street, Lower Manhattan.

  Cadillac STS, stop at the door.

  Edward in the co-pilot, and Lin, Johnson, Lincoln and others in a Cadillac SUV who had been following along got out of the car first.

   A few minutes later, Abel got out of the car.

   When he came down,

  The brass gate of the house at 357 17th Street has been opened.

  The bodyguard here, Steve, stood behind the door with a smile on his face.

   Abel smiled and nodded at him, walked in, and said casually, "Is Jessica there?"

   "Yes. Miss knows you are coming, and is already waiting for you on the second floor." Steve said.

  Hearing that Abel stopped talking, he walked towards the escalator.

   Step on the escalator and look up.

  Ming** people's half-race girl, already smiling, stood on it.

   "Hi honey, good afternoon."

   "Good afternoon, dear."

  Abel walked up, and asked as he walked, "What are you doing?"

   "Playing a game with Mary."

"Oh?"

  While speaking, Abel had already walked up the escalator to the second floor.

   Jessica Alba snuggles up.

  Abel embraced the fiery body of the girl, lowered his head and held the vermilion lips.

   "What game are you playing?"

  He still doesn't know that he actually has a lot of lethality to the girls.

  Although he wants to hold her very much now.

  Go to the master bedroom upstairs and try the springs of Simmons customized by VISpring to see if they are still elastic.

   "You bought a PS2." Jessica Alba said.

  Abel looked towards the living room and found that the TV in the living room was indeed connected to the PS2 game console he bought.

  Jessica Alba's female bodyguard, Mary, was standing beside her, nodding and smiling at his boss cautiously.

  The PS2 of the small cabinet was released in March this year.

   In the first month, more than 600,000 sets were sold.

  Sony has made a lot of money.

   At that time, he also bought several sets of PS2, and also made more than 20 million US dollars from Sony.

  Because of the success of PS2, Sony's stock price rose more than ten percent.

  Abel took advantage of the trend, went long on Sony stock at low points, and made a lot of money.

  The building at No. 357 West 17th Street in Lower Manhattan where Jessica Alba lives now was bought at that time.

   A total of more than 28 million US dollars was spent, and Sony "helped" to give 20 million.

  (end of this chapter)

Chapter end