Chapter 329: Piled Up Like a Mountain

The chairman of Fanghuan Asset Management Company, this new company, is still Su Hao.
However, he's content with being a hands-off manager and doesn't need to worry about many specific matters.
Most asset management companies raise money from ordinary investors to form funds.
But Fanghuan Asset Management is different. Its primary task is to take over a portion of the national team's funds.
Its investment logic and risk control system are completely tailor-made for the Huaxia Strategic Investment Fund.
In other words, this isn't a large asset management company open to ordinary people.
"How's Wu Jianlin doing? Is he willing to come?"
Huang Fengwen asked in the chairman's office of Fanghuan Group.
"Yes, he signed the contract a few days ago. He's now an honorary advisor to Fanghuan Asset Management."
Su Hao smiled. "And I told him he doesn't need to come every day, just nominally, but he still insists on coming to work every day, full of enthusiasm."
The current Wu Jianlin is no longer Secretary Wu, but an honorary advisor to Fanghuan Asset Management.
Fanghuan Asset Management was to take over a portion of the national team's funds, and Wu Jianlin had spent his entire life immersed in that system.
With him there, communication with those people would naturally be much more efficient, which was one of the reasons Su Hao strongly invited him to join.
Of course, Su Hao didn't really expect him to achieve any great feats.
More than anything, he couldn't bear to see a national hero, after bearing everything, end up so lonely in that way.
"Yes, well done." Huang Fengwen nodded in satisfaction.
"Wu Jianlin is at the peak of his experience at this age. He's spent his entire life working; suddenly leaving him idle would be incredibly difficult.
Bringing him here is both a way of repaying his kindness and making the best use of his talents."
"Yes. Moreover, our asset management company's first step is to take over a portion of the national team's funds. His understanding of that system is unparalleled."
"And the operating model?"
"The same as now," Su Hao replied.
"I'll decide the overall investment direction and asset allocation; the specific execution and daily management will be handled by the team below."
This model has been running flawlessly at Fanghuan Investment.
Su Hao is responsible for envisioning the future; the others are responsible for turning that vision into reality.
"Okay, anyway, it's good that this matter is resolved satisfactorily.
This outbreak was unusually fierce and unexpected; I was really worried."
Huang Fengwen changed the subject, "Is vaccine production going smoothly?"
"Yes, starting next month, the first batch of vaccines will be simultaneously launched in my country and the UK.
Subsequently, the vaccine will be distributed to all countries that have signed agreements with us.
The production line and distribution channels are all in place."
Vaccines are medications injected into the human body, and the testing process should be extremely cautious.
But faced with the terrifying speed of the global pandemic's spread, governments around the world were terrified and rushed to streamline all procedures, hoping to distribute this life-saving vaccine as quickly as possible.
"That's good, that's good. By the way, Mr. Du, how's it going on your end?" Huang Fengwen looked at Du Yuanhang.
"Don't worry, Chairman Huang, everything is going smoothly on the shipping side," Du Yuanhang replied.
“We are gradually acquiring back all the companies that were previously seized by the EU at extremely low prices.
However… recently, a shipping company backed by a Middle Eastern conglomerate has emerged and is rapidly expanding.
But rest assured, we will strive to regain control of the global shipping market!”
As he spoke, Du Yuanhang turned his gaze to Su Hao.
“Oh, by the way, Chairman Su, have you heard about the recent news regarding crude oil prices?”
“Yes, I have. Because of the pandemic, demand has collapsed, and oil prices have plummeted, right?”
Crude oil, which was originally close to $60 a barrel, has cascaded down to below $40 since the start of the pandemic, and is now plunging towards $30.
The global economy has ground to a halt, shipping and aviation are almost paralyzed, and even the number of cars on the road in cities has decreased significantly, leading to an unprecedented severe oversupply in the global crude oil market.
“Because of this, Russia and Saudi Arabia are currently negotiating production cuts, and the market generally believes they will reach an agreement soon.
The mainstream view is that once they reach an agreement, oil prices will rebound immediately, at least returning to above $39,”
Du Yuanhang analyzed.
Oil prices have halved, and oil-producing countries are hurting more than anyone else. A production cut agreement between Russia and Saudi Arabia is almost a certainty.
Once the agreement is reached, oil prices will inevitably surge.
“So, Mr. Du means we should buy now and stockpile some crude oil?” Su Hao instantly understood.
“Yes! Buy more while it's cheap and stockpile it; it will save a lot on transportation costs later.
This is the analysis report our team prepared; please take a look.”
Su Hao took the report.
He even felt he didn't need to read it carefully.
The logic was clear, and the conclusion was correct.
Russia and Saudi Arabia will inevitably reach a production cut agreement; oil prices will inevitably rise.
Buy now at a low price, and you can save astronomical costs on your shipping business in the future. Even a three-year-old could do the math…
If… this world were still normal.
“!?”
However, the instant his gaze swept over the data on the report!
A sudden change occurred!
A bizarre and surreal vision, like an apocalyptic movie, exploded before his eyes!
Mountains of oil barrels, like garbage, filled every warehouse, tanker, and even open space!
Countless frenzied people were desperately dumping barrel after barrel of what should have been “black gold” oil into the azure sea!
This wasn't a hell caused by an oil shortage, but a hell on earth formed by too much oil, so much that it was worthless, so much that it could crush the entire world!
“Chairman Su?”
Su Hao snapped back to reality, blinking hard, feeling his eyes dry and stinging.
"Are you alright?"
"Ah, I'm fine."
That hallucination just now... what did it mean?!
"Mr. Du."
"Hmm?"
"Immediately! Right now!" Su Hao's voice suddenly became incredibly serious, carrying an undeniable resolve.
"Go and buy every oil storage tank, warehouse, tanker, anywhere on the market that can store oil!
The more the better! As many as you can get! Money is no object!"
"What? This...this is so sudden?" Du Yuanhang was utterly astonished.
Su Hao offered no explanation.
His intuition, through that terrifying vision, had already laid bare the bloody truth of the future before his eyes.
Mountains of oil.
And the people dumping that oil into the sea.
What did that mean?
It meant that a world where no one wanted the oil even for free, where people even had to pay others to haul it away, was about to arrive!