In Tokyo, even the most fierce dragon is afraid of the hatchet

"Ikeda Sakurako, Ikeda Koye...are you planning to be widows from now on?!!!!"

"..."

Whoosh.

Nao Nagano fled in panic.

Looking at the guy's panicked back, Ikeda Xiaoye was still unwilling and said hatefully: "This bastard is so evil that he actually said such shameless words. It's better to chop him off."

"Xiao Ye, do you really think so? But with your sword skills, if you want to chop, who can stop you?"

"It's because you are just teasing him, miss!"

"Really? Isn't it because you, Xiaoye, are worried that you will be a widow in the future?"

"How is that possible! I will never allow a man to touch my body in my life."

"Hey, hey, hey! You didn't dare to look me in the eye while you were talking, and your face turned red. And just now you were secretly looking at me, Xiaoye, you are not behaving well!"

"That's not the case! I'm going to chop him down right now!"

"Xiao Ye, you don't have to react so strongly. Actually, we are like sisters. Isn't it more fun to play together?"

"..."

like.

That makes sense...

......

bah bah bah!

How could you have such a despicable thought?

Men are all bastards!

Next time, I must not let that bastard off easily...

......

The new week passed quickly.

Because the news about the end of the war in the Gulf region continued to ferment over the weekend, and several major US oil companies demonstrated a comprehensive breakthrough in shale oil technology.

Monday morning trading.

International crude oil futures opened 7 percent lower, rebounded quickly, and then fell like a waterfall.

one day.

Two days.

Half a month passed.

The market has only just digested the news of the lifting of the blockade in the Gulf region and the huge negative impact of breakthroughs in shale oil technology.

However, the U.S. Energy Administration has released another forecast. Based on current technological advances, it is expected that in 1998, the United States will change from an importer to an exporter of crude oil.

The market was shaken again.

The crude oil price, which had been stable at $20, continued to plummet and soon fell to $, with no sign of bottoming out.

"Mito-kun, my friend's ship has arrived at the port, please come and inspect the cargo!"

“…”

Chapter 299 Please Join Us

friend?

Shinichi Mito was silent for a long time holding the phone.

My heart hurts.

There was also an urge to curse and kill him.

How could there be such a bastard?

To deliberately rub salt into someone else's wounds, you must be a rotten fish that grew up in manure and has maggots!!!

I feel pain in my heart, but I can’t say it!

In the chemical industry, oil is an indispensable upstream resource. As Japan's largest chemical company, Sumitomo Chemical has more than 200 affiliated companies, so it has always had the practice of stockpiling inventory.

For a long time, Sumitomo and companies from some oil-producing countries in the Gulf region have had medium- and long-term sales agreements. However, with the outbreak of the Kuwait War and the blockade of the Gulf region, force majeure factors led to the passive end of such long-term agreements.

Every year, Japan imports the most oil in the world from the Gulf region, with more than 68 percent of its imports coming from there.

So since the failure of the Middle East oil negotiations, Shinichi Mito has been paying attention to all developments in the oil sector.

After all, if a company wants to survive, its upstream cannot be interrupted, and Sumitomo Chemical's current position also comes from its market share.

Once the Gulf region is blocked by Iraq, Sumitomo Chemical's upstream business will be in trouble, which will be very unfavorable for the survival of the company.

Especially when he heard that Sanhe's petrochemical company had obtained a million barrels of oil, as the president, Shinichi Mito had to try every means to seize more resources to prevent the company and its affiliated companies from losing market share to Sanhe.

So when he happened to meet Nagano Nao that day, he suddenly realized that he had encountered a great opportunity.

It's war!

Throughout history, has there ever been a war between countries that could be ended so easily?

The Vietnam War lasted for more than ten years, the Iran-Iraq War lasted for eight years, the Soviet invasion of Afghanistan lasted for ten years, and the five wars in the Middle East have continued to this day.

Moreover, today when the bipolar competition has reached a critical point, any war may spread like wildfire, break a certain balance point, and evolve into a new world war.

Under such circumstances, resources such as oil will definitely be in short supply, and the two oil crises have fully demonstrated this.

Sumitomo and its affiliates consume about 600,000 barrels per day and usually have reserves for half a year.

Although three years is a long time, past experience shows that a war between countries, even if it is fought by a major power, will last at least three to five years.

Therefore, in the next three years, the best case scenario is that we can use these reserves to capture more market share.

Even in the worst case scenario, based on past experience, oil will maintain a relatively stable price for a long time, and by the time the price goes down, the three-year period will have long passed.

It's a business that's sure to make money!

No matter how you calculate it, Sumitomo is sure to win.

But who would have thought that the third military power was so vulnerable that it gave up struggling after being beaten in just a hundred hours.

"Well... no need to bother! I'm really sorry, but I have an important meeting to attend, so I'll hang up first!"

My mother criticized me in my heart.

Shinichi Mito hung up the phone without waiting for Nagano Nao to respond.

He patted his face again and walked into the meeting room with a heavy look on his face.

Many people have already arrived.

Mainly large and small shareholders of Sumitomo Chemical.

In recent days, Sumitomo Chemical has cashed out a large portion of its funds in the market in accordance with the MITI white paper and the consortium strategy to increase investments in Singapore, Malaysia, Thailand, China and South Korea.

Reduce production and cash out!

Therefore, Sumitomo's stock price has fallen sharply in the past six months.

In addition, after the outbreak of the Kuwait War, global stock markets were affected by the withdrawal of safe-haven funds, the financial market was sluggish, and Sumitomo's stock price has almost halved.

However, as the war in the Gulf region has come to an end, global stock markets have continued to rebound, but Sumitomo's stock price has continued to fall, and there has been serious negative news in the market. According to regulations, a shareholders' meeting had to be held.

There was a lot of noise all around.

There were angry curses and conversations everywhere.

The public relations department, which was responsible for maintaining order, had to apologize and smile repeatedly in an attempt to appease the shareholders' anger.

It's just related to one's own interests, how much is a smile worth.

The stock market drop is already frustrating enough, and now there are rumors that Sumitomo has signed a three-year long-term oil purchase agreement at a sky-high price of US$40 a barrel. Anyone would seize on this issue to vent their dissatisfaction.

As soon as Mito Shinichi arrived, someone immediately asked, "Mr. Mito, I heard that you signed a three-year long-term oil purchase and sale agreement with a certain oil company at a sky-high price of forty dollars a barrel. Such a major decision-making mistake, there must be some insider trading!"

"I saw you, Mr. Mito, hanging out with some big guys in the club before. Could it be that for this reason that President Mito..."

"..."

Such impolite questioning made Mito Shinichi extremely anxious.

The shareholders' meeting has always been the biggest headache for CEOs.

Because there are always some assholes who will use private life to make trouble and then make a big news.

But you can't get angry about this kind of thing. Even if you have bought one share, you are a shareholder and have the right to participate in such meetings and ask questions.

"In the matter of the long-term oil purchase agreement, Mito believes that it has fulfilled its duties and responsibilities. Under the circumstances at the time, sufficient reserves were necessary for the company's long-term development."

"As for going in and out of the club with the big horse, it is a necessary program because I need to accompany clients to socialize."

"..."

Bow +1.

Shinichi Mito used a sincere and solemn expression to explain the issues that needed to be explained.

However, such an answer was not acceptable to anyone. Someone immediately asked sharply, "Oil used to cost $40 a barrel, but now the price has dropped to more than $10. This means that Sumitomo may suffer a huge expected loss."

"This is a three-year agreement. If oil prices continue to fall, the company will suffer huge losses."

"Such a stupid decision caused such a big problem for the company. Is it because you are too incompetent, Mr. Mito?"

"..."

Six hours long.

There are endless accusations and questions.

This was followed by the convening of a directors' consultation meeting.

After voting, Shinichi Mito was no longer suitable for the position of company president, and Chairman Hirosue Ono temporarily served as president.

The winner is the king and the loser is the bandit!