The rise of nanometers

Just when many people are thinking about it.

Luo Tuo announced the first bombshell: "In order to ease the safety and price stability of domestic chemical raw materials, the energy exchange has specially approved eight companies as suppliers of plastics and chemical raw materials. They are..."

As he spoke, the names and annual output of eight companies popped up one by one on the big screen behind him.

Blue Era (recycling) has an annual output of 16 to 18 million tons; United Recycling (recycling) has an annual output of 10 to 12 million tons; Beijing Enterprises Resources (recycling) has an annual output of 14 to 15 million tons.

Shenhua Group (coal chemical) has an annual output of 8 to 9 million tons; Qinghua Group (coal chemical) has an annual output of 4.5 to 5 million tons; Shanhua Group (coal chemical) has an annual output of 7 to 8 million tons.

China National Petroleum \u0026 Chemical Corporation (Petrochemicals) has an annual output of 31 to 34 million tons; Sinochem Group (Petrochemicals) has an annual output of 25 to 27 million tons.

Taken together, the total production of hydrocarbon chemical raw materials by these eight companies is as high as 120 to 135 million tons.

What is even more eye-catching is that recycled materials, coal-based materials, and oil-based materials are basically divided into three parts.

“Coalization and recycled materials?”

"Their recycled material production is so large?"

"According to a survey by international environmental protection organizations, Tuocheng imported more than 20 million tons of waste plastic last year, and this year's import volume remains high."

"Damn it."

“Can we suspend the export of scrap plastic?”

"It's impossible. If it's not exported to China, other regions won't be able to digest it, unless those garbage recycling companies are willing to pay to recycle it themselves, or pay to have Tianzhu and Southeast Asia process it."

Obviously, the Energy Alliance's first move is to cut down on the chemical raw materials sector, which accounts for a large proportion of crude oil consumption.

But Luo Tuo did not stop, and then released a second message: "We will provide more diversified crude oil supply channels, approved..."

In addition to the two-barrel oil, CNOOC, and Yanchang Oil that everyone knows, six new crude oil producers have appeared on the big screen.

They are: Southern Petrochemical, with an annual output of 14 million tons of shale oil; Northern Petrochemical, with an annual output of 18 million tons of shale oil; Yanchang Shale Oil, with an annual output of 9 million tons of shale oil.

Shenhua Group has an annual output of 12 million tons of coal-to-liquids; Shaanxi Coal Chemical has an annual output of 6 million tons of coal-to-liquids; Mongolia Coal Chemical has an annual output of 11 million tons of coal-to-liquids.

These 10 crude oil producers can supply 280 million tons of domestic crude oil this year, which will increase to about 350 million tons next year.

Among them, the supply of coal-to-liquid and shale oil has increased the most, while the supply of ordinary crude oil remains at about 200 million tons.

"This year we will supply 280 million tons of crude oil to the country. Together with the 140 million tons of crude oil reserves in the reserve, the total domestic supply of crude oil this year will be 420 million tons."

As soon as Luo Tuo finished speaking, everyone was stunned.

The person in charge of Aramco's Peking Branch, Du Lanze, was holding a cup of coffee and watching the live broadcast leisurely. Suddenly he heard the output of 280 million tons and the reserve of 140 million tons. He was so frightened that his hands trembled, and the coffee on his hands spilled on the On the pants.

But he didn't care about his pants, and instead stared at the live broadcast.

"Perhaps many people suspect that I am setting off smoke bombs, but that is the fact. In addition to the 97 million tons of imported crude oil, we increased production from local oil fields last year, plus the reserves of shale oil and coal-to-liquids, a total of 140 million tons. .”

Although Luo Tuo's voice was very calm, in the ears of many international crude oil producers, it was like a bomb that exploded directly in their minds.

Many people's faces turned pale, such as Goldman Sachs, which was heavily long on international crude oil, and a group of Wall Street capital giants. At this moment, they were filled with panic.

After hearing the news, the president of Goldman Sachs could not calm down and stood up in panic: "Quickly, clear all long crude oil positions and prepare to go short..."

Before he finished speaking, a vice president in charge of international crude oil futures rushed in: "Mr. President, the position has been liquidated. The international crude oil futures fell by 30% in a few minutes."

At this time, in the international crude oil futures area of ​​Goldman Sachs, the faces of various traders were solemn.

"Fake Squid, hurry up and go short."

"No, we just lost more than 20 billion, and those funds were trapped inside."

"Wang Defa, hedge funds can't hold on anymore."

"Someone is shorting our stock."

On the other side of the Pacific, near the Dalian Exchange, the office building of Huang International was also going crazy.

Hundreds of traders used offshore accounts, used the liquidated damages obtained from the previous two barrels of oil, plus part of the funds from the ore exchange, to short crude oil on various futures exchanges around the world and attack major investment banks on Wall Street.

Caught off guard, the crude oil futures and natural gas futures markets both experienced high-frequency plummets. Goldman Sachs, Big and Small Morgan, etc., which used high leverage, were suddenly wiped out.

And an even more terrifying chain reaction immediately broke out in the global capital market.

Speculators, including Soros, quickly reacted and joined the short-selling army, launching a fierce short-selling attack on international crude oil futures, Goldman Sachs and other investment banks.

The price of international crude oil futures fell from a high of 145.6 meters per barrel to 75-77 meters per barrel in less than ten minutes, and the two sides entered a tug-of-war.

After Huang's international and domestic financial funds collected more than 50 billion yuan, they began to gradually withdraw their principal, and at the same time shifted their short-selling targets to stocks of investment banks such as Goldman Sachs and Morgan Stanley.

Goldman Sachs, which was caught off guard at first, reacted but was already severely damaged. Its losses in the futures market reached at least 60 to 70 billion yuan.

As a last resort, they forced a circuit breaker on international futures trading in North America and suspended trading for ten minutes.

Then allocate funds as much as possible and invest in shorting crude oil futures, natural gas futures, and even your own stocks, hoping to reduce losses as much as possible.

It’s just that in other markets around the world, such as the West Continent Alliance’s London Futures Exchange, Japan’s Tokyo Exchange, and Hong Kong’s exchanges, none of them have circuit breakers. Instead, they continue to tear apart international crude oil. Exchanges that can short-sell investment banks such as Goldman Sachs have a problem. Major short-selling capital is shorting.

Even if it is shorting itself, Goldman Sachs was too confident before and took a heavy position in international crude oil, which caused its own capital chain to be very tight. Now it is too late to borrow funds.

In other words, all the major capital giants on Wall Street are allocating funds. How can they lend funds to Goldman Sachs? Morgan and Merrill Lynch are already adding insult to injury.

Bear Stearns was acquired by Goldman Sachs, and Lehman Brothers was in a state of limbo after its previous bankruptcy and reorganization.

Among the three major investment banks, they must unite unless they have common interests.

The problem is that Goldman Sachs is in trouble now. Morgan Stanley and Merrill Lynch, which were long crude oil futures companies, did not have heavy positions. Due to the offset by hedge funds, they lost billions of dollars and withdrew.

In order to make up for their losses, Morgan Stanley and Merrill Lynch naturally focused on Goldman Sachs and directly shorted crude oil and natural gas futures and Goldman Sachs' stocks.

Goldman Sachs, which suffered from multiple short-selling attacks, experienced another sharp drop as soon as the market reopened after a circuit breaker paused for ten minutes.

The plummeting situation was like eating a few kilograms of croton, with a rapid pace.

Wall Street capital giants are fighting each other, coupled with the fierce offensive of external short sellers such as Hwang International and Soros, Goldman Sachs has no way to offset the huge losses even if it shorts itself.

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