A major northern power?
You mean Russia?
Azawi nodded and continued.
"Sam, the only country in the world that can rival the United States is Russia."
"The United States' relentless efforts to suppress international crude oil prices are largely aimed at curbing Russia's domestic economy."
"We're just innocent bystanders caught in the crossfire!!!"
At this point, Azawi became very emotional.
Sam wasn't much better off; his hand holding the cigar was visibly trembling.
Those words are truly hurtful!
But it cannot be denied that what Azawi said is also true.
Sam took several puffs of his cigar until he felt dizzy, then exhaled a series of smoke rings.
A weak nation has no diplomacy.
This saying remains unchanged throughout history.
This is also the reason why Sam has been relentlessly developing its military power.
However!
Whether it's military power or national welfare, everything must be built on a foundation of money.
With money, one can have advanced weaponry and luxurious living.
But if you don't have money, like Sam, you can't even sleep well.
In this world, whoever controls the narrative surrounding crude oil controls the world.
This is not just empty talk.
With the rapid development of science and technology, the importance of energy is becoming increasingly prominent.
It is an indisputable fact that Iraq has abundant underground crude oil reserves.
But problems also lie ahead.
The pricing power of crude oil is not in the hands of Iraq.
This is also what troubles Sam the most.
If he had the power to set the price of crude oil, he wouldn't have to worry about money.
Sam is an ambitious and ruthless man.
To be called a ruthless and powerful figure, one must naturally possess ambitions befitting that title.
Nearly 20 years of dedicated development, followed by the eight-year Iran-Iraq War.
Although Sam did not gain any advantage, he did train a modern army of 1.2 million men.
This army was his source of confidence and the trump card that enabled him to achieve his ambitions.
inside the house.
It was eerily quiet.
Only Sam's heavy breathing could be heard.
After a long time.
Sam's eyes were bloodshot as he shouted.
“Azawi, hand this matter over to Hussein and let him go to the north himself.”
Hussein is Sam's eldest son and holds a high position of power throughout the entire country of Lach. It is no exaggeration to say that he is Sam's successor.
Azawi nodded in response.
“Okay, Sam.”
"So, is our plan proceeding as scheduled?"
"Proceed as planned; I want to raise the price of crude oil."
"Yes, sir!"
Sam simply nodded; his attention was no longer on that matter.
If Iraq can gain the support of the major northern power, he dares to guarantee that the leveraged funds could tap into a trillion-dollar oil market.
By then, the surge in wealth from profits will likely not only pay off the debts incurred during the Iran-Iraq War, but also provide the resources to elevate Iraq's national strength to a new level.
For three consecutive days, Chen Dong stayed at the villa, personally supervising the employees in installing and debugging the network.
After learning that Wangcai had already established a long position, he was no longer in a hurry.
Next, it's Sam's turn to perform. Chen Dong just needs to quietly be a bystander and glean the benefits from the sidelines.
To paraphrase a classic line from a movie, let the bullets fly a little longer.
Compared to Chen Dong's good mood, Wangcai's mood was like a rollercoaster.
Ever since Chen Dong returned, Lady Luck has been on his side.
The international crude oil market has reversed its previous downward trend and become incredibly strong.
From a low of $16.25 on July 9 to $17.32 on July 11.
It only took three trading days.
The price of international crude oil rose by $1.07.
Could it be that Chen Dong is truly the reincarnation of the God of Wealth?
Otherwise, how could it be such a coincidence?
Not only that!
On July 11, the bulls continued to exert their strength on the market.
It seems that recovering the June 25 high of $17.62 is within reach.
"We're still $0.30 short."
Wangcai stared at the computer screen with bloodshot eyes, muttering to himself.
The European session begins at 5 PM.
The American game begins at 9 PM.
As time went by, crude oil prices entered a period of consolidation.
No!
To be precise, a volatile market has emerged.
International crude oil prices fluctuated between 17.5 and 17.45, with trading volume increasing rapidly.
3000 lots.
5000 lots.
hand.
Within ten minutes, a total of 50,000 contracts were traded in the price range of 17.5-17.45.
At the $17.50 price level, there are still nearly 5,000 lots of sell orders.
Several times in a row, whenever the bulls surged to 17.5, the price would quickly plummet, and then stabilize at 17.45.
Looking at the charts...
The short sellers have set $17.50 as their front line.
The bulls established a defensive line at the $17.45 level.
Those who followed the trend and retail investors either hedged and closed their positions to exit the market, or joined one of the two major camps.
It appears that the short sellers have a more obvious advantage.
Nobody knows how many bullets the short sellers still have left to fire in the 17.5-17.62 range.
In addition, $17.62 was also the highest point for international crude oil prices on June 25.
Upon seeing this!
Wangcai also felt a little guilty.
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