I failed the college entrance exam, but after listening to advice, I became the richest person in th

Is the use of offshore drilling platforms prohibited?

No problem.

Wouldn't it be simpler to mine on the island?

╮(╯_╰)╭

According to the system notification:

The crude oil reservoir near the island has reserves of up to 200 million tons, or 1.4 billion barrels, worth tens of billions of US dollars!

Moreover, the oil reservoir pressure is extremely high, and it must come from a blowout well. A single oil well can produce three to four thousand tons per day!

If four or five oil wells are drilled on the island, it would be easy to produce 10,000 tons of crude oil per day, or at least 100,000 barrels!

Crude oil current price: $55/barrel

Daily earnings: $550 million

Annual revenue: US$2 billion

Even more impressive is the placer gold mine, with reserves of over 200 tons, which is equivalent to California's output for three years during the peak of the gold rush (about 70 tons per year), worth hundreds of billions of RMB!

NB

The United States truly deserves its reputation as a chosen land. Far from Eurasia, it avoided two world wars and boasts some of the world's largest reserves of oil, natural gas, and precious metals.

The west coast faces Asia.

The east coast faces Europe.

The Alaska region connects to the Arctic.

With convenient shipping and abundant resources, gold and oil are common in California, with particularly large reserves.

In the 19th century, the gold rush (westward expansion) was key to California's rise; therefore, it is not surprising that gold and oil were discovered here.

However, there are relatively few companies that produce several thousand tons of oil per day.

This isn't the Middle East, after all!

Oil wells in the Middle East have extremely high production levels, typically producing two to three thousand tons per day, with some producing as little as a few hundred tons.

Moreover, most of them are flowing wells.

The US oil wells are far inferior!

China's oil wells cannot be compared to them.

The best oil wells in China are not as good as the worst oil wells in the Middle East. It is very rare for them to produce 100 tons per day. The average daily production is 10 tons, 8 tons, or even 3 to 5 tons!

This is a rare self-flowing well, requiring machine pumping.

It's one of those nodding donkey machines.

The extraction cost is more than ten times that of the Middle East!

Losing money is quite normal.

Besides gold and oil, farms can also grow grapes and make wine, which is a good way to achieve sustainable development!

Two hundred square kilometers of fishing grounds and several hundred meters of coastline are all privately owned for fishing, ensuring complete seafood freedom!

Cod

Red abalone

Oysters

Geoduck

Purple sea urchin

Dungeness crab

lobster

Grouper

...

You can own it for just two hundred million US dollars!

(￣?￣)

"I'm somewhat interested, but two hundred million dollars is too expensive. I don't have that much liquid capital. What should I do?" Jiang Feng readily agreed and continued the conversation.

Abram and Omar smiled slightly:

That's right!

Success!

“Mr. Jiang, we can provide funds, but you need to provide sufficient collateral, such as Tesla stock.”

"Two hundred million dollars worth of stock!"

"do you think it's OK?"

They didn't know how many stocks Jiang Feng owned, so they could only ask tentatively. Su Meng, Xu Jiao, and Xu Lin remained calm and composed.

I support my husband unconditionally.

Attorney Zhang Wei also appeared calm and composed.

He didn't show any sign of difficulty!

This caused Su Yingxue and Lu Bo's pupils to dilate, and they were stunned for a moment, their faces full of shock. What did this mean? Could it be that Jiang Feng really had two hundred million US dollars worth of Tesla stock?

No, impossible, absolutely impossible!

Jiang Feng's lips curled up slightly.

Log in to the US stock trading software backend —

"I wonder if this is enough?"

Abram and Omar looked at it, their eyes widening involuntarily, a chill running down their spines, and they shivered.

"Oh shit, enough, of course it's enough!"

"More than enough."

"Mr. Jiang, I have to admit that, looking at the world, you are one of the most outstanding people born in the 2000s. I personally admire you very much."

Omar was wary of the flattery.

Abram also flattered, "That's right, Mr. Jiang, we are very willing to provide you with funds. It would be our honor. Please be sure to give us the opportunity."

Please.

Su Yingxue's heart was churning with complex emotions: shock, humiliation, resentment, and confusion, but she still tried to persuade her:

"This is a win-win situation."

"Nobody loses out, right?"

"Perfect."

Attorney Zhang's conscientious reminder:

"President Jiang, I need to remind you that although the American farm is a freehold property, taxes still need to be paid every year!"

"Although it's possible to avoid taxes, reduce taxes, or get tax refunds, this farm still has to pay at least a million dollars in taxes every year!"

"Regarding the issue of oil development—"

"Although the ban on offshore oil exploration was lifted last year, environmental organizations are not quiet and often protest."

"Even if oil is discovered, it will be difficult to extract!"

"It faces significant risks."

"Furthermore, this farm was subject to court enforcement. Although there is no dispute over ownership, the issue of employee compensation has not been resolved and remains unresolved."

"Therefore, please consider this carefully."

He deliberately spoke in English!

Negotiation leverage +1

(→_→)

Jiang Feng looked at Zhang Wei with admiration. Not bad, not bad at all. He truly deserves to be a lawyer from a world-renowned law firm!

Abram and Omar sensed something was wrong.

Fuck, is this guy a lawyer?

And they are very professional lawyers!

"Mr. Jiang, rest assured, although the protests from environmental organizations are troublesome, crude oil extraction is imperative."

"The crude oil market has recently heated up, with prices rising steadily, and the US attitude toward increasing crude oil production is very clear."

"Protests from environmental organizations are useless!"

"We will definitely develop offshore oil fields!"

"By the time--"

"Crude oil futures prices are definitely going to fall!"

"Mr. Jiang, I wonder if you'd be interested in shorting crude oil futures? It's easy to make a fortune. We can provide 10 billion RMB, which can be used as collateral for these stocks."

"No interest!"

"how?"

Abrams pulled a ruthless tactic, offering interest-free loans to trick Jiang Feng into mortgaging his assets to short crude oil futures.

He wasn't lying; developing offshore oil fields is indeed the official stance of the United States, and a very firm one at that!

however

How long is the development cycle for offshore oil fields?

Before the increase in crude oil production is completed, oil prices will continue to rise, and by a very large margin. Short selling with leverage will inevitably lead to a margin call!

(→_→)

He looked at Jiang Feng's stock trading software backend. This guy is crazy; he uses ten times leverage on US new energy stocks.

Is it different from suicide?

But they were just lucky!

ah~

However, shorting crude oil with leverage is absolutely doomed; if he dares to use five times leverage to short, he will definitely be wiped out.

[Take the advice and borrow money to short crude oil futures]

Due to the pandemic, oil demand has plummeted, causing international crude oil futures to fall by more than 60%.

However, prices are expected to rise further in the near future. It is recommended to short at $58/barrel, with leverage not exceeding five times.

[Up to $62 per barrel]

[Minimum $20/barrel]

Jiang Feng raised an eyebrow, hesitating to speak. "There are more and more 'Sleeping Dragons' and 'Young Phoenixes' appearing. Sigh, this money is really easy to make!"

╮(╯_╰)╭

Attorney Zhang Wei wanted to remind him of the risks of crude oil futures, but Jiang Feng subtly shook his head, signaling him to remain silent.

He agreed with a smile.

"no problem!"

"Is that a deal then?"

Omar quickly added, "Mr. Jiang, we have additional conditions. First, you cannot use these Tesla shares during the loan and collateral period."

"If the debt cannot be repaid."

"These shares are ours!"

"This is a performance-based agreement."

"We don't want interest."

"President Jiang will take the risk."

"The performance-based agreement has a one-year term!"

They drafted a performance-based agreement:

Abram and Omar offered Jiang Feng a 10 billion interest-free loan. If Jiang Feng failed to repay on time (within one year), his Tesla stock would be given to Abram and Omar.

Regardless of the value of Tesla stock!

The stocks that went up were also these same ones.

The stocks that fell were also these same ones.

It seems fair on the surface, but it's actually a huge rip-off!

Jiang Feng didn't care and signed the agreement without hesitation. With several lawyers from the Meimais Law Firm serving as witnesses, both parties confirmed the agreement was valid.

Frozen Stocks

Transfer loan

While we were at it, we also signed the contracts for the farm and fishery and handed them over to the law firm of Mayer Brown to handle the relevant procedures.

Payment of 12.5 billion RMB!

The remaining amount is 87.5 billion yuan!

.