Rebirth in 1984: Beginning with Han Card Development

What happens to the future when humanity loses its imagination?

That slogan created a sensation during the summer of 1984.

Back then, computers couldn't support Chinese input and co...

Chapter 190 Crude Oil Futures

As soon as Zhao Ye proposed the concept of "three networks in one," it immediately attracted the attention of the state, and at this time, the state is working with Wujiang Group to overcome the relevant technologies of "three networks in one."

To accelerate the development of the "three networks in one" system, Zhao Ye personally took on the role of chief technology officer for the project.

IP technology directly uses IPv6, saving future troubles and eliminating concerns about insufficient addresses.

“Boss, look at this Korean newspaper. It’s one thing to be happy that they joined the INTERNATIONAL, but they’re actually gloating and mocking us between the lines!” Liu Yinyin handed Zhao Ye a translated copy of a Korean newspaper.

Zhao Ye took the newspaper, quickly glanced at it, and smiled contemptuously.

"Ignore them. Tiny South Korea isn't worthy of being compared to China. They're just bullying us for a while. If it weren't for American support, could South Korea's economy have developed so quickly?"

I don't know when it started, but Koreans have suddenly developed a sense of superiority over Chinese people.

Zhao Ye was speechless.

When the Asian financial crisis breaks out in 1997, we'll teach South Korea a lesson!

Samsung Electronics still wants to rise again? Dream on!

Wujiang Group will definitely crush Samsung in this lifetime!

South Korea's semiconductor industry shouldn't expect to be as developed as it was in the past.

Around noon, Zhao Ye got up and went to the restaurant for lunch. After lunch, he still had to go to the laboratory to lead the development of "three networks in one".

There are many things that only Zhao Ye knows what technologies are needed and how to solve them. Even if Zhao Ye doesn't know the specific technologies, he understands the research and development direction, which can help the development team avoid detours.

At the same time, Wujiang Group resumed negotiations with the government.

Wujiang Group originally only intended to be an internet operator, but the "three-network convergence" would involve "television" and "telephone." With the three companies investing together, what money would Wujiang Group contribute?

Zhao Ye certainly wanted to do three businesses, but the government didn't quite agree, so Zhao Ye didn't force it and decided to just focus on being an internet provider for now.

Therefore, the "television" and "telephone" departments are also not allowed to get involved in the ISP (Internet Service Provider) field.

Otherwise, if everyone becomes an ISP, the competition will become fierce.

...

Two months have passed in the blink of an eye.

Zhao Ye put down the newspaper, looking wistful.

"Just like in its previous life, the United States has indeed raised a curtain in the Gulf that has shocked the world!"

"The whole world trembled!"

"China should realize its shortcomings in the military industry by now..." Zhao Ye murmured. "Wujiang Group may soon be forging close cooperation with the military industry!!!"

"Manager Ye, how many barrels of oil do we have in reserve?" Zhao Ye asked Ye Zhiqiang, the general manager of Xinghai Trading Company, who was sitting on the sofa drinking tea.

“12 million barrels, with an average procurement cost of $12, costing $144 million!” Ye Zhiqiang replied.

Upon hearing this, Zhao Ye couldn't help but sigh slightly. Ever since being warned by the United States, Wujiang Group had been unable to conduct large-scale trade directly with the Soviet Union. Although there were middlemen helping to trade oil, it was ultimately not as large as Xinghai Trading itself.

Following the Gulf War, oil prices surged to $40 a barrel in the next four months, allowing for substantial profits.

Amid the oil crisis, Hong Kong was in dire need of oil and had no trouble selling it.

Moreover, trade with the Soviet Union could continue indefinitely, making this a sure-fire way to profit. China would soon transform from an oil exporter into an oil importer.

Zhao Ye really wanted to build an oil route connecting China and the Soviet Union, but the situation in the Soviet Union was unstable at the time, and if the project were to start, it would most likely fall through halfway.

Moreover, the construction of this oil pipeline is not something that Wujiang Group can decide; at the very least, it must be a matter between nations. However, Wujiang Group can facilitate this and invest in this oil pipeline.

The "toll" from this oil route will likely be a very good business.

The most important thing is to ensure China has a stable source of oil. If oil is transported back through the Strait of Malacca, it risks being blocked.

The oil pipeline issue can only be put on hold for now.

Buying oil from the Soviet Union is just a small matter right now; the real money is in international crude oil futures.

As long as they can seize the opportunity presented by the Gulf incident, Wujiang Group can make a fortune. Even if they are sanctioned a year later, or even earlier, Wujiang Group will still have the strength to withstand the crisis!

To this end, Zhao Ye invested $2.4 billion in crude oil futures and used a leverage of 5 times, which is $12 billion, into the crude oil futures market.

P.S.: I'll be updating a lot starting tomorrow, and it will continue until the end of the month.