From the equipment company, Bradman and Graeme through a variety of relations, contact with the current Beijing and equipment companies are currently negotiating the introduction of coal-to-oil technology of the Ministry of Industry officials, from them, confirmed Xu Zhenbo, Chen Mo said the situation, that is, several countries, including Australia, are planning to introduce this technology.Of course, such a large project, countries will not be easy to decide to introduce, from the initial contact with the final signing, the middle of the drag on three or two years is also normal.

“It is China’s equipment industry that has invited us to learn about their newly developed technologies.”Garled, an official of the Australian Ministry of Industry, explained to Bradman, "After we went to China, we listened to the introduction of experts from the National Petrochemical Design Institute of China, and in a few days, the equipment company will organize us to several petrochemical machinery manufacturing enterprises to inspect their production capacity.China is committed to keeping the price of refined oil products within the current price of coal, as measured by the current price of coal-to-oil, to keep the price of refined oil within the level of $650 per ton.”

“Do you believe in that promise?”Bradman asked.

Garrard said: "We brought several petrochemical technology experts, in addition to the United States, Peru experts also participated in the Chinese project briefing, they carefully analyzed the Chinese production process, that China's commitment is based."Even if the final production process is not as perfect as the theoretical design, it is absolutely certain to keep the price of refined oil in the range of $750.”

“But the latest international technology can only reach the level of $1,000.”Graeme reminded.

Garrard nodded and said in an appreciative tone: "You're right, before we learned that the technical situation was about to be able to keep costs around $1,000."So, this time we saw the technology provided by the Chinese, were shocked.I have heard from experts at the China Petrochemical Design Institute, who say that since five years ago, the Chinese government has invested no less than $3 billion in research and development of this technology.To sell cakes, this is really the biggest investment in the field of coal-to-oil development.”

“Five years ago...” Bradman groaned over his blushing, his wisdom teeth loomed again.Five years ago, China’s National Development and Reform Commission received a $20 billion loan from Middle East Oil Fighters to build three 10 million-ton refineries.At the time, OPEC ministers were convinced that the Chinese had been locked up in OPEC’s oil supply, and that the three refineries specializing in high-sulfur oil would have a heavy dependence on Middle Eastern oil, which means that OPEC had more say in China.

But who would have thought that just when the refinery started construction, the Chinese government invested a huge amount of $3 billion in coal-to-oil research.That is, they were aware of the dangers of dependence on Middle Eastern oil from the beginning and were well prepared.Bradman even imagines that the $3 billion that the Chinese government has invested is the money saved by getting a loan from the Middle East oil bull.

It was a deep layout, and Bradman had a grudge in his heart.

Western governments also have some foresight in the early years, able to carry out industrial layout ten or twenty years in advance, and can endure a long period of time without seeing the benefits of waiting.But in recent years, politicians and people have become more and more short-sighted, everyone is thinking about timely happiness, who will be willing to pay for the future.In some countries, people even want to eat food and overdraw the future.The most terrible thing is that this trend of thought is gradually spreading on the European continent, and the direct result is that the parties that can best satisfy the immediate interests of the people are the most likely to win the election, and this is the same policy they adopted after they came to power.

In contrast, the Chinese have been struggling to accumulate for the long-term future.Fifty years ago, when their per capita income was less than $100, they cut down on food and clothing, and established a relatively complete industrial system through “156 key projects.”Twenty years ago, when their per capita income was less than $300, they formulated an ambitious major technology and equipment development plan, with the goal of forming an independent and advanced equipment manufacturing capability in the fields of chemical industry, metallurgy, electricity, and transportation.

For such an opponent, OPEC is really too much to underestimate.

“Mr. Garrard, is the Australian government interested in introducing this technology from China?”Graeme asked.

Gallard smiled slightly and said: "Yes, in view of the rising international oil prices, Australia, as an oil importer, has to consider alternative oil solutions."The Chinese side promised to provide us with turnkey projects, and the project cost is within the scope of our ability, so the Chinese government has a positive attitude towards the introduction of this technology.Of course, if there is a new change in the international crude oil market, we may also consider other options.

Speaking of this, he handed two OPEC officials a deep look, whether he can understand this hint, just look at each other's understanding.

Bradman and Graeme did this, and they didn’t understand the reason for each other’s suggestion.Bradman hesitated and asked, “Mr. Garrard, what do you think your government will abandon this project at what level of oil prices?”

Garrard said: "Coal-to-oil technology is very important to Australia, and it is impossible for our government to abandon this project.However, if international oil prices reach more than $40 a barrel, my Government may be more eager to move the project forward.”

That’s the art of talking, he didn’t promise to give up the CBM project entirely, but the last sentence suggests that if the international oil price falls below $40, the construction of the kerosene project may be postponed indefinitely.Government decision-making is the result of a balance of interests, in the case of rising oil prices, enterprises and residents will have greater motivation to demand the government to launch coal-to-oil projects, the government in order to please the people, naturally have to make a statement.But if oil prices are within everyone’s reach, and the cost of coal-to-oil is higher than oil refining, then the momentum of all parties will disappear and the government will not bother to re-embrace.

However, according to our estimates, even if the international oil price reaches $60, the use of Chinese technology of kerosene is still uneconomical.Is the $40 put forward by Mr. Gallard, too much an underestimate?”Graeme asked.

Gallard shrugged his shoulders and said, “Mr. Graham, you should reconsider the Australian government’s concerns about energy security.In the case of the similar cost of coal-to-oil and petroleum refining, Australia is rich in coal resources, and the relatively scarce oil resources of the country, is would rather spend some more costs, but also promote the implementation of coal-to-oil projects.”

“But the $40 limit is too low, OPEC can not ignore the interests of oil-producing countries, low oil prices are not conducive to the economic development of oil-producing countries.”

“We can understand OPEC’s concerns, but we also hope that OPEC understands our concerns.”In particular, in the past six months, OPEC has adopted an irrational policy of restricting production, which has led to a rapid rise in international oil prices, which has made our industrial sector feel a serious crisis.”

“We deeply apologize for that.OPEC will hold a congress in the near future to discuss stabilizing crude oil production and exports.”

"We are very much looking forward to the new OPEC policy."

The two sides ended the conversation in a cordial and friendly atmosphere, and Garrard took Bradman and took Bradman's party to a taxi and watched them leave, secretly feeling proud.He came to China at the invitation of the China Equipment Industry Company to inspect the coal-to-oil project, in fact, it is only a guise, the purpose is to put pressure on OPEC to consider increasing production price.The construction of a new coal-to-oil project, investment of billions of dollars, involving land acquisition, environmental protection and other troublesome matters, but also to damage the interests of oil companies, oil refining companies, these companies are have a huge lobbying ability.This kind of unpleasing thing, unless the Ministry of Industry is full of support, why should we rush to advance?

The rise in international oil prices has affected the Australian economy.To say that the simplest, due to the increase in oil prices, the sea freight prices have also risen sharply, and the CIF of iron ore, copper ore and coal exported by Australia has increased, which has affected the competitiveness of Australia's mining industry.The suppression of international oil prices is a top priority for the Australian government.Garrard went to China to make a plan to introduce a coal-to-oil device from China, and no, OPEC officials ran to the peace.

If OPEC can agree to increase production, keep oil prices down, or at least keep rising at current levels, Garrard is more than happy to promise Bradman not to introduce coal-to-oil units for the time being, but certainly not to do so.Such a choice in their own hands, there is a struggle with OPEC capital, why not?

Bradman and Graeme looked at each other in the taxi, and they had both been in amateur drama schools, and would not have known that Garrard was also a playper.They put the words out and waited for OPEC to make a statement.You can control the price of oil, and people will put it down.If you can't control the oil price, people can't really start construction, as long as you initialize a cooperation agreement with China, believe that the international crude oil futures price will fall to the bottom?

Can OPEC play such a game?In the past, it may be possible to play, after all, oil is the blood of industry, and mastering oil is to grasp the lifeblood of global industry.But the breakthrough of coal-to-oil technology has discouraged OPEC's bottom line.Coal-to-oil certainly cannot replace all of oil, but the problem is that OPEC does not own all of the world’s oil resources.If coal-to-oil could reduce global oil demand by 20 percent, OPEC’s producers would all collapse.