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Chapter 256: Covering for you

By the time we want to buy oil, all the oil resources discovered in the world have been divided up by Western groups.

The Middle East became the focus of competition between the United States and the Soviet Union.

China is powerless and does not dare to participate in this resource war, so it can only rely on its own oil resource exploration.

In Daqing and Shengli, one after another large-scale oil fields have produced oil, which suddenly removed us from being an oil-poor country.

In the early days, it strongly supported the domestic industrial modernization construction.

However, although the reserves of these oil fields are not small, they are miniscule compared to the world's oil reserves.

In the late 1980s and early 1990s, we were still an oil exporting country and were still able to export oil to other countries.

However, this situation did not last long, and the market changed dramatically.

With the deepening of the opening up of the domestic economy, a large number of foreign-funded companies came to China to set up factories, and domestic private enterprises also flourished. Soon our power supply was in short supply.

And this gap is also expanding rapidly!

In one fell swoop, we changed from an oil exporting country to an oil importing country.

As time enters the 21st century, due to unprecedented economic prosperity around the world, domestic industries are operating at full capacity to meet the demand for goods from all over the world.

China, the "world's factory", is operating at full capacity, supplying orders from all over the world.

Thousands of new factories open every day, creating more than 70,000 new jobs every day!

The power gap suddenly appeared.

The most developed domestic export industries are undoubtedly the southern coastal areas, but there are also widespread power shortages.

Every day during the day, power cuts are carried out in residential areas. It is not until industrial power consumption decreases significantly at night that the power supply is gradually restored.

New hydropower stations and thermal power stations are put into operation every month, but they are still unable to cope with the increasing demand for electricity.

Waiting for the time to enter summer.

Due to the reduction in water volume, water and electricity supply is particularly tense.

The power shortage in the entire South has reached 30 billion kilowatt-hours, seriously affecting our ability to share more profits when the world economy is on the fast track.

While the country is vigorously developing its inland areas, it is also racking its brains to consider how to increase the supply of electricity.

Although at this time, we went through a series of exchanges of interests and obtained many benefits, allowing Chinese goods to freely enter and exit the United States.

Promoted further economic development.

But the United States is not a good quarrel. In order to maintain their status, they will not let go in terms of oil and computers, but they say it very politely on the surface:

"We are based on the common development of the world. If China needs to purchase oil fields, we will provide help to the best of our ability."

At first glance, it sounds quite honest.

But in fact, when China Petroleum prepared to acquire American Petroleum Company, it immediately encountered resistance from all aspects.

A vigorous acquisition finally had to come to an end.

We can only admit that it is almost impossible to purchase the development rights of an oil field from the Western Group headed by the United States!

Although the hypocrisy of the United States has once again been seen through by the world, the fact that China lacks energy has not changed at all!

In this case.

A large number of Western energy companies began to gather in the capital.

They lobby the energy sector to open energy companies domestically.

Of course Chen Weidong also saw this opportunity, but he did not dive headfirst into it.

As a "experienced person", he knows very well that it is absolutely impossible for the higher authorities to hand over the control of energy to the hands of foreign companies.

Not to mention foreign companies, even domestic companies cannot hand it over to private companies.

This is the main reason why he has not entered the energy supply field for a long time despite his ability.

Domestically, don’t even think about owning your own energy company.

Abroad, energy suppliers are a group of interests. Without protection from above, if they touch the interests of Western energy groups without authorization, they will be jointly attacked by the other parties.

It is even possible to lose all your money!

But the profits in this industry are so huge, and the risks are so high!

Chen Weidong wants to make Infinite Company stand at the top of the world's capital, so how could it not involve the energy industry.

And if he wants to do it, he must occupy the majority.

It is impossible to make wedding clothes for others.

This is what Chen Weidong thinks.

But in May this year, Chen Weidong saw a new signal, a familiar signal: "Private individuals can invest in the construction of small hydropower, thermal power stations and other businesses, and the electricity produced will be purchased by the government."

This means that the energy construction field has been opened to citizens to a limited extent under the condition of dispatching power distribution.

He was not the only one who saw this signal, but also countless businessmen in the country who were looking for investment opportunities.

In the south, taking advantage of abundant water resources, a large number of small hydropower stations have begun to be constructed.

Thermal power stations in the north, wind power stations in the outer grasslands, and all over the country have set off a wave of construction of small and medium-sized power stations.

What is the most profitable thing in the 21st century?

It must be energy!

Everyone has seen this, and this opening was never made before.

But now, since private investment in the construction of power stations has been allowed, is it still far away to become the Rockefeller of the future?

Under such circumstances, Lin Zeju knocked on his office door and placed a pile of resources he had collected on Chen Wei's desk.

"Awei, I think the technology that the Optoelectronics Laboratory has been preparing for so long can be put out!"

"We can completely enter this field, and we can and must enter. You should know better than me. Mastering energy means mastering everything!"

Chen Weidong silently looked through the pile of information Lin Zeju brought to him without saying a word.

He hesitated.

Infinite Company's current energy technology should be said to have achieved a development level similar to that of foreign countries.

The products carefully made in the laboratory may have some improvements due to the use of automated assembly lines.

But this industry has formed intricate global interest groups.

Infinite Company's products are not conventional energy, but new energy.

This will inevitably lead to a fierce collision with established energy suppliers.

When interests are related, no one will show mercy.

Once a fight breaks out, it will inevitably end with the complete fall of the other party.

He spent an afternoon reading the relevant information brought by Lin Zeju.

Then, he picked up the opinion report written by Lin Zeju himself and read it line by line.

The Yellow River Group has more than 500 subsidiaries and has rich experience in the energy field.

In fact, the energy sector has always been one of Lin Jiacheng's investment priorities.

They not only acquired "Xiangjiang Electric", whose main business is coal power generation.

In the mid-1980s, when oil prices plummeted, he invested HK$3.2 billion in the Canadian energy company Husky Petroleum Company and obtained 52% of the equity.

The following year, it acquired another Canadian oil company for CAD 375 million.

Since then, Lin Jiacheng has incorporated all the upstream and downstream businesses of natural gas and oil into his energy empire.

Chen Weidong had to admire that this old man had such a vicious vision and knew that energy is something that human beings cannot live without, even far more than real estate.

Moreover, he also knew that when the real estate industry gradually declined in later generations, Lin Jiacheng had already swapped out a large number of assets several years in advance and planned European energy, infrastructure and other projects.

At that time, many people in China laughed at him, saying that Lin Jiacheng had suffered a huge loss.
Chapter completed!
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