Chapter 426 The Oil Stock Market Crashed

Chapter 426 The Oil Stock Market Crashed

Huaxia Economic News: Since three months ago, China's imports of oil have been decreasing. It has been reduced by 20. The reason is that a large number of people in China no longer buy fuel vehicles, fuel buses, fuel trucks, etc. Instead, many people are crazy about buying new energy vehicles.

As a result, the demand for oil is decreasing.

According to expert estimates, starting next year, China's total oil imports will be cut by more than half. Two years later, Huaxia no longer needs to import oil, and its own domestic oil fields are enough for consumption.

There is only one reason. Now, Huaxia has officially entered the new energy era! The oil age will be farther and farther away from us.

Global News Weekly: Shocked! A few days ago, the Galaxy Group announced that it had invented a new X element, which would perfectly replace nuclear fuel. A Galaxy reactor can produce 80 billion kilowatt-hours of electricity per year! The Galaxy Group also announced that it has started the construction of the Galaxy Reactors, which means that Huaxia has mastered mature technology, if these Galaxy Reactors are built. Will be a disaster day for the oil industry!

Thankfully, humans will no longer worry about depleting oil resources.

U.S. Emperor News: Absurd, Professor Brange believes that whether this X element is as perfect as announced, this point cannot be verified. Second, the Galaxy Ark reactor can really produce 80 billion kilowatt-hours of electricity per year? This is still unproven!

So please don't believe it easily! Petroleum is still the mainstream energy resource at present!

U.S. Economic Daily: The power output of the Galaxy Reactor is dozens of times that of a nuclear power plant? The editor thinks it needs to be verified!

All kinds of news are flying all over the sky.

The whole world was shocked by the advent of the X element and the Galaxy reactor, and was also shocked by such a terrifying power output. Of course, many media have questioned it. After all, they don't want to see Huaxia possess such heaven-defying technology.

Because, this is not good for them.

Anyway, countless netizens in Huaxia are discussing fiercely one by one.

"Fuck, the Galaxy Group actually develops new energy projects? This is definitely supported by Huaxia."

"It is said that Huaxia owns shares!"

"No wonder."

"If a galaxy reactor can produce 80 billion kilowatt-hours of electricity for a year, then oil will really be replaced in the future."

"So we Huaxia will become the overlord of new energy?"

"Nonsense, that's for sure. Now that the Galaxy Group is already engaged in a new energy industry chain, who the hell will use oil in the future?"

"Mr. Xiao is mighty!"

As for those overseas netizens, they are also shocked that this X element still uses a galaxy reactor. Some people believe it, and some people don't believe it.

But considering the strength of the Galaxy Group, it is impossible for many people to research this kind of thing. If the technology is immature, it would not be such a high-profile throw out this heavy information.

After all, people have even achieved space mining, and even new technologies such as neutrino communication technology. It is not impossible to do new energy.

The United States, a certain building.

"The Galaxy reactor in Huaxia has an annual output of 80 billion kilowatt-hours. How reliable is it?" A big man asked in a deep voice.

"According to the information, Huaxia Capital has invested 200 billion yuan in shares! Galaxy Group has invested in technology. In addition, the other party will start construction next month, and the credibility is estimated to be as high as 70% or more!"

"So, new energy has brought a huge threat to our traditional oil industry?"

"This, it must be." A big man shook his head helplessly.

"Galaxy Group is already ahead of the world in the new energy industry chain. China is indeed reducing the total amount of oil imports. On our side, many people are willing to buy new energy vehicles..."

"It's tricky."

"We should also step up investment in the construction of new energy industries and urge those companies to speed up investment."

"Many companies are doing it, but there is a technological gap with Galaxy Group, and it is very difficult for us to catch up."

However, the news about the Galaxy Reactor, X Element, and 80 billion kilowatt-hours of electricity is flying all over the sky, and it will eventually affect the oil industry.

Anyway, starting from the second day, the rhythm of various oil system collapse theories appeared.

For many oil companies, this is definitely a fucking thing.

Because many media have said that oil is worthless, not only expensive, but also pollutes the environment, difficult to extract, and expensive. On the other hand, new energy, clean energy, cheap, and low cost completely compare to petroleum.

Take electric vehicles as an example, with oil, it costs 5 or 6 cents a kilometer, but now with electricity, it costs 2 cents a kilometer. Will electricity bills get lower and lower in the future? 1 cent a kilometer?

Although the Galaxy Reactor has not been built yet, can its production capacity reach 80 billion kWh?

However, the global oil stock market has begun to fluctuate.

The global oil stock market has begun to fall one after another, and it has continued to fall, and it cannot be stopped at all.

In the oil stock market, only a large number of oil stocks are sold, and no one is willing to buy. There is only a buyer's market, not a seller's market.

Anyway, the stocks of world-renowned oil companies have all begun to fall sharply, such as Royal Shell, Exxon Mobil, Hat Aramco, British Petroleum, Dahl, Chevron...

Countless stocks that bought oil stocks are now selling one after another, because they have been hit hard by the previous gold stock market, and now they have all learned their skills, so sell them quickly, or they will cry when they can't sell them. It's okay to lose a little now, but I'm afraid of losing blood in the future.

At the same time, the stocks of companies related to the new energy stock market have soared!

For example, solar energy companies, battery companies, new energy vehicle companies... Anyway, companies related to electricity, the stocks of many large companies are growing slowly.

If Galaxy Group is a listed company now, it is estimated that the stock price will skyrocket!

Although Galaxy Group is not listed, its BYD company is listed.

Ever since, the stock of BYD Motors has skyrocketed again these days!

The last time a new energy vehicle was launched, it skyrocketed for a month, and now with the advent of new energy projects, it has skyrocketed again!

At the beginning, the stock of BYD Automobile Company was 60 yuan a share. Later, when the new energy vehicle was launched, it skyrocketed to 100 yuan a share, and now it has skyrocketed again, and it has skyrocketed to 140 yuan a share in just one week!

And it continues to skyrocket.

On the other hand, the stocks of those oil companies have plummeted one after another, one by one, and they are all crying together! Miserable.

As everyone knows, with the world's oil stock market plummeting, an important hidden danger is happening quietly. It will cause a global catastrophe in the near future!