Switch Mode

Wall Street of the third generation chaebol Chapter 195

< black gold. (2) >

Gulf Oil.

While Texas was protected from Standard Oil, which monopolized 90% of the U.S. oil industry, Gulf Oil absorbed the Texas oil field, centering on Spindle Tower.

However, it is far behind Standard Oil.

For Gulf Oil, who has to fight the oil monster Standard Oil, the Treasury’s proposal was a sweet fruit.

“Proposal from the Ministry of Finance. Accept this unconditionally. We will not take any objection.”

Andrew Mellon.

This novel was posted at https://noblemtl.com

Owner of New York Mellon Bank, one of the largest banks in New York. He was obligated to save the businesses owned by the New York Mellon Bank.

This novel was posted at https://noblemtl.com

One of the most promising businesses is Gulf Oil.

The oil business that extracts black gold was the most promising business in New York Mellon Bank’s portfolio.

As long as the Texas oil field was protected from Standard Oil, it seemed the only way it could be rubbed.

“But Melon, most of the information in the correspondence from the Ministry of Finance is blinded. Besides, the newly appointed finance minister is only in his twenties. Can you believe it?”

The Board of Directors of the New York Mellon Bank posed a question to Melon Chairman.

In this situation, Standard Oil is chasing them.

Can you trust the US Treasury and gamble at this time when you need to approach with caution?

But Melon’s trust in Secretary Morgan was at a level that would tear the sky.

However, the company does not run alone.

Melon found a reason to persuade the board of directors and brought it to the table.

“Are you aware of the New York Canary case?”

“Yeah? Yes. Melon, how can someone who does finance on Wall Street not know about the incident? Isn’t it an incident that soaked up all of Wall Street’s speculative capital?”

“Oh you know. The person who designed it is the current Secretary of State Morgan. From start to finish.”

“…!!!”

“Was the rumor true!”

Not knowing this, Melon Bank’s board room began to murmur.

‘I do not know.’

Melon smiled inwardly.

Minister Morgan, whom Melon knows, does not usually reveal his achievements. He had some intention of hiding it, but he didn’t seem to feel the need to say it.

‘Morgan, he looked like he was busy covering himself.’

he is greedy

There are a lot of things I want to do, so I don’t risk my life for PR.

In fact, it may not be

Wall Street hero.

Because the top tycoons on Wall Street, including the big New York banks, already knew it.

For the money-chasing Dementors, the existence of Detroit and Morgan was something they couldn’t miss.

‘Recently, Detroit Morgan hooligans have started to appear among Wall Street workers.’

A rising supernova on Wall Street.

The title is gorgeous.

But the conservative New York Commercial Bank board couldn’t trust either Detroit or Morgan blindly.

Gulf Oil could have turned into a standard oil breakfast if it slipped a bit.

“Dear Board of Directors, that is why Gulf Oil must accept this proposal from the Ministry of Finance.”

Chairman Melon looked around the board members with a serious expression.

“Standard Oil has devoured all of the U.S. oil fields except Texas. We have only Texas where we can extract oil. This causes serious problems in the supply chain.”

Not verified yet.

A Texas oil field that just pops out of the spindle tower. Now that we don’t know how much oil lies at the bottom of Texas, we could be left behind by relying only on Texas.

“We need a new oil field.”

standard oil.

Because the Texas spear alone might not be enough to survive the Kraken of the oil industry.

“We have to check Standard Oil. At least we shouldn’t fall behind them. This offer has also been made to Standard Oil. They will unconditionally accept it.”

Melon walked around the conference room.

an executive raised his hand

“Why?”

“Because the current Chairman of Standard Oil Rockefeller is Secretary Morgan’s personal guardian. It’s hard to believe that Secretary Morgan bluffed Rockefeller like that.”

“Yes? Then you can only propose to Standard Oil, why are you bringing Gulf Oil to it?”

“You really don’t know?”

Melon wrinkled her face.

He opened his arms wide toward the frustrated directors.

“This means that it is a national project of a size that cannot be covered by standard oil alone!”

“…..!!!”

can’t seem to believe it.

Silence fell on the left. I just roll my eyes in amazement.

Melon shrugged.

“The same day the proposal came from the Treasury, I was informed that it had been passed at once by President Rockefeller.”

“then….”

“Yes, now is the time to trust the US Treasury.”

This novel was posted at https://noblemtl.com

One point overlooked by the Board of New York Mellon Bank.

In fact, Chairman Mellon was one of the Detroit Morgan hooligans.

So the trust in Secretary Morgan was almost infinite.

“This is the only opportunity God has bestowed upon us by the U.S. Treasury.”

golden omnipotence.

Secretary Morgan was their golden calf.

For Wall Street Morgan hooligans, he was a religion.

***

Washington DC

US Treasury Building.

At 5 a.m., dozens of black wagons through the fog stopped in a line at the front door of the Ministry of Finance.

After that, the doors of the wagons opened one after the other, and the coaches who came down from the seats took the VIPs out of the wagon.

again.

The directors, dressed in black suits, got off the wagon with the secretaries.

“This is it.”

The Treasury staff, who had been waiting at the main gate of the Ministry of Finance in advance, took the VIPs to the conference room of the Ministry of Finance.

Coincidentally, among the VIPs, there was President Rockefeller. Melon Chairman was the first to go up to the main gate of the Ministry of Finance.

Rockefeller made eye contact with him.

“I think Gulf Oil is also planning to accept this quest.”

“It is a crime when a businessman is deceived when the smell of gold vibrates.”

“That’s right.”

Rockefeller agreed.

Standard Oil is also because no matter how much gold you put in your stomach, you are endlessly hungry.

However, it was difficult to estimate the size of this proposal from the Ministry of Finance, and I did not know that Gulf Oil and a large oil field might enter into a stake battle.

Rockefeller secretly narrowed his brow.

“But you ate Texas with endless possibilities, so how about yielding to this old man this time?”

“Are you kidding me? If you don’t act now, you’re lucky enough that you don’t eat Standard Oil. Take care of yourself. Then you’ll die of full stomach. If the U.S. Department of Commerce splits it into 30 pieces, are you going to stop at that time?”

“Twtt. With the little boy talking.”

Rockefeller held a cane.

“Melon, you can tell me whenever you want. The door of standard is wide open for you, so let’s have a 24/7 acquisition team ready to take over your business right at any time.”

“I will return it as it is. You must tell me before the contents that you have already stuffed into your throat reflux. For the national interest of the United States.”

“Haha, don’t worry about that. It’s like a little kid taking care of an adult. It just looks cute.”

“haha….!”

As a tendon sprouted from Melon’s forehead, Rockefeller became as happy as if he had drunk soda.

While arguing with Melon, a Treasury employee arrived at a conference room inside the building.

This is the conference room where the old soundproof wall was installed.

In front of the conference room, a small group of agents from the Secret Service of the Ministry of Finance stood a bloody guard.

‘Security is tight.’

Rockefeller stuck out his tongue.

I can understand why you were told to enter at 5 am.

Rockefeller realized he was right. This is no ordinary business.

Perhaps even the executives who have entered the Ministry of Finance right now may not be able to handle it.

“Everyone, you’ve been working hard since early morning.”

rattle.

The door to the conference room opened and a young man walked out. The VIP’s eyes were focused on him.

Rockefeller smirked.

A familiar face appeared on him.

“I’m Detroit and Morgan.”

It was the long-awaited visit of the US Treasury Secretary.

“But before entering…”

Secretary Morgan spread his palm forward.

“We will only allow 5 people each from Gulf Oil and Standard Oil to attend.”

There was still one more strainer.

At Secretary Morgan’s words, the entrance to the conference room began to get cluttered.

“This is the power.”

Gulf Oil and Standard Oil.

Texas and Pennsylvania.

The Melon and Rockefellers.

When two oil companies, opposite to each other, came together, the two giants did not stop snowballing.

“Haha, I’ll punch a hole in your face.”

“It’s better if it’s pierced. Man, it’s called Melon, but it’ll be fun to slice and eat like a fruit.”

“The Rockefeller family must be a rock. Would you be satisfied if you drilled a hole and made a Greek statue?”

it’s brutal

After all, no race has ever lived as harshly as the oil traders. Rather, those who fight with words without mixing profanity will be on the noble side.

But they didn’t have to fight each other.

“Everyone. If you listen to me, you may have to worry about how to handle the scale, not the fight right now.”

“…..?”

The eyes of the left were focused on me.

“Secretary Morgan. First, let me ask you one question, is this project an oil field or a coal mine?”

“It’s hereditary.”

“…..!”

Rockefeller clenched his fist.

Yes, oil is more attractive to them than coal. They were entrepreneurs with a vision for the future. Slowly, you know that coal is lagging behind oil.

‘Well, it would be different if we found out that an enormous amount of coal goes into electric power plants or nitrogen fertilizers.’

I didn’t have any intention of choking.

It is also true that oil is a more lethal national strategic resource.

“Secretary Morgan.”

“Yes, Chairman Melon. Please tell me.”

“What do you mean we don’t have time to fight?”

“Ah. Is that what you mean?”

I shrugged.

“Literally. There is so much oil pouring in one after another that you doubt whether you can afford it.”

“Where is it?”

“Before I tell you there… First of all, let’s make an oath of confidentiality.”

As I beckoned, Secret Service agents flooded in, offering each of them a copy of the contract.

This performance was proof that you paid that much attention to security, and it was an unspoken pressure that you, too, must protect.

“For reference. If this oath of confidentiality is broken, the charge of causing a fatal harm to national security will be applied. Please risk your life.”

I was wondering what to do if I didn’t.

Melon and Rockefeller finished the autograph as quickly as if they were competing.

They signed autographs and waited for the officers.

“If you are uncomfortable signing the confidentiality agreement, you can replace it with someone else.”

“….no.”

Even if my words were my pride, the remaining executives scribbled their autographs as if they had been scratched.

“Okay, now I’m done. Morgan, let me explain.”

Rockefeller urged me with a calm expression.

I shrugged.

“It’s actually simple.”

“simple?”

“Yes. It’s very simple.”

👌👌👌

A huge map of Latin America was spread out in the middle of the conference room. In the middle of it was Venezuela.

“I have good news and bad news. Which one would you like to hear first?”

“Please don’t do it the wrong way.”

“good.”

I took out the Erlenmeyer flask.

Black oil was sticky inside the glass flask.

“This is the oil found in this Venezuelan oil field.”

“……?”

As I lifted the flask, Rockefeller wrinkled his eyebrows. He then came closer to me and looked at the flask carefully.

I twisted the corners of my lips.

“Did you notice?”

“It’s cloudy. Is it too cloudy than I thought?”

“Yes, the oil field discovered this time is of poor quality. It contains the highest amount of sulfur and impurities among all oil drilled so far.”

I put the flask down.

“If you put it in an oil refinery like this, it will burst into impurities.”

“It seems so.”

“It will cost some money to normalize the oil.”

“That’s bad news. But not bad.”

Even though I clearly said something bad, the eyes of the left were burning even more.

This novel was posted at https://noblemtl.com

Of course.

Because the future oil market was too attractive to give up oil just because it was cloudy.

“Morgan, as you know, in the future, large ships and warships going through the ocean, including boilers, will use oil instead of coal. All merchant ships floating on the sea will use oil.”

“I would.”

“The era of automobiles is not far away. Demand, which was overflowing with only kerosene, has exploded.”

Rockefeller sat at his desk.

“From now on, there will be a time when oil will be scarce for a while.”

Rockefeller is right.

There will come a time when oil is scarce.

The cause is a little different.

No, isn’t it different?

‘Chairman, World War II will skyrocket oil prices.’

Rockefeller’s prediction is consequently not wrong.

“Now, why don’t you tell us now. The guy called good news.”

At Rockefeller’s urging, the attention of the crowd was fixed on my lips.

Burning interest began to burn with the momentum to burn down the conference room. There is no word that resonates with their hearts as much as heredity.

I raised my hands.

“I’ll tell you.”

He picked up the pole and pointed at the oil fields of Venezuela. The diagonal lines were focused on the tip of my pointer.

“The oil field discovered this time is rather large.”

“Is the size a little big?”

“Yeah, a little too much…very big.”

“Hey…how big was it?”

how big…

In fact, because of this, he risked his life to protect security. It was such a huge amount of information that if this fact spread outside, a war could start.

Although only a part of this huge oil field was discovered in the original history, almost all of the oil companies around the world were stuck.

Will they be able to afford them all?

“There’s a lot of oil all over the US, right?”

“That’s it. Pennsylvania is no joke, and even this Texas alone, the estimated reserves are on the rise. My stomach hurts.”

“The Bakuyu field is also quite large.”

“Bakuyu? Don’t tell me. That’s a monster.”

“Yeah, that’s right. It’s a monster, though.”

bang-!

I snapped a map of Venezuela with a pointer.

“Perhaps all three combined would be smaller than the oil field discovered this time.”

“…”

Tuk, I heard the sound of a pen falling from somewhere.

are they wrong?

In an instant, the brains of the boardroom executives stopped at the ridiculous information value.

A creepy silence fell in the conference room, to the point where the sound of the pen rolling down was clearly audible in my ears.

“……What?”

At the satisfactory response, I smiled and adjusted my posture.

Negotiations started now.

< black gold. (2) > end

Wall Street of the third generation chaebol

Wall Street of the third generation chaebol

Status: Ongoing Type: Author:
Wall Street of the third generation chaebol mtl late 19th century. The United States was ruled by oil king Rockefeller, steel king Carnegie, and finance king JP Morgan. I fell on Wall Street in New York. “… Detroit or Morgan?” I didn’t just fall off, I was the son of the finance king JP Morgan.

Comment

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x

Options

not work with dark mode
Reset