The Joseon Prince Went To America And Didn’t Return – 189



< Your misfortune is my happiness (3) >

“We are continuing to signal to the market that the price of oil may rise further.”

“For example?”

“well.”

hmm.

What could there be?

I paused for a moment.

After that I looked at Rockefeller Jr. who was looking at me with longing eyes and I sorted out the thoughts that were in my head and said.

“Ah! There it is. Let me spread a rumor to New York and Chicago.”

“What kind of rumor are you talking about?”

“Let’s try to incite them by telling them that the world’s oil reserves are smaller than they thought.”

It is a marketing technique that is still widely used in the 21st century.

The so-called limited edition.

As the new millennium dawned people around the world began to worry that the Earth’s oil reserves would be depleted within the next 30 years.

Even in 2010 10 years later.

Even in 2020 20 years later.

The same rumors continued to circulate only the timing was different.

Although this is due to advances in exploration technology we are anxious about these ongoing reports.

Why is this false 30-year marketing still floating around in the market instead of being eradicated?

There is only one answer.

Well someone is benefiting from this.

The collusion of oil sellers to keep the selling price from falling below the fair price has allowed such rumors to continue to circulate in the market.

I intend to use this a little earlier than its original history.

“Will it work?”

“It won’t work. If you want to spread rumors to the public more convincingly you can quote the opinions of experts.”

I smiled and mentioned Standard Oil’s competitors.

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“Furthermore there are good examples all around us. Look at Texaco and Gulf Oil. What happened to the Texas oil fields they owned?”

Texas still has many underground resources including shale gas.

We don’t know this at present because exploration technology isn’t advanced enough.

I smiled as I mentioned the drilling rigs of our competitors that had stopped.

“Oh! That’s right. There was a rumor going around recently that it had hit rock bottom.”

“And isn’t that the case even with Royal Dutch Shell in which I invested?”

I also mentioned another case that adds credibility to that rumor.

“The Dutch East India Company is actively exploring new oil fields but continues to be fruitless.”

There are huge oil fields in Palembang or Brunei so exploration may be successful someday.

Now I’ve been having one failed attempt after another.

As I mentioned this advantage Rockefeller joined the conversation.

“That’s true. Standard Oil has also failed repeatedly in oil exploration in regions other than the United States.”

“This is the first time I’ve heard of this… Has your company also conducted overseas mining exploration?”

“Yes. We kept it a secret and didn’t announce it separately for fear of it having a negative impact on the stock price.”

That’s right.

I shouted “Eureka” in my head and snapped my fingers with my right hand.

“Really? Then let’s compile all those failures and announce them this time. Oh! I see. When you take office please bring this up.”

Rockefeller Jr. looked slightly puzzled.

“Yes? Me?”

“okay.”

“The stock price may go down Your Majesty.”

The public’s attention is already focused on the replacement of the representative.

But why at this time of all times?

Do you think I made Rockefeller Jr. do this self-harming thing?

He looked as if he didn’t understand at all.

“Is that really so?”

“….”

“If we were to leak information to the public in a way that would suit their taste they would start to fear that we might run out of oil. I think the price of oil would fluctuate and the stock of Standard Oil would go up.”

I told the two rich men another way to raise the price of oil that I had been thinking about.

“If you’re really anxious this might be a good time to renovate the aging oil drilling facilities.”

“It is time to reorganize the Northern Pipeline’s fluid facilities.”

It’s Rockefeller after all.

If you pretend you pretend.

Rockefeller Jr. also opened his eyes wide as if he realized my intentions belatedly.

“Ah! If you shake up supply while demand is constant the market will fluctuate.”

“okay.”

In the 1870s the price of gasoline was 35 cents per gallon.

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The price of oil fell to 6 cents a gallon in 1910 all because Rockefeller monopolized the market.

It has contributed very effectively to stabilizing the oil market by identifying future demand and increasing supply just in time.

I intend to upset this golden balance and cause the price of shale to skyrocket like crazy.

‘During the Civil War the price of oil soared from 35 cents to $13 during the day.’

Of course it won’t skyrocket like crazy this time.

But everything is relative.

What if oil prices fluctuate even a little bit as Standard Oil has enjoyed the benefits of low prices?

The fatigue caused by rising prices that you feel on your skin will be beyond your imagination.

‘There is no reason why I cannot do what OPEC did.’

“If speculative forces are attracted to the gift market like moths to a flame….”

“Things are going to get a lot of fun Prince.”

“Yeah. Morgan Roosevelt Rothschild. They’ll all shit themselves.”

Oil company stocks have always been linked to oil prices.

If the price of crude oil rises sky-high it is only natural that the stock price will also fluctuate.

‘Furthermore Standard Oil’s stock price is currently at an abnormally low level.’

The stock price is rising albeit little by little.

The recovery was slow because short sellers were still working hard unable to give up their foolishness.

What if the price of coal goes up drastically in that situation?

What if Standard Oil’s later splintered subsidiaries start reporting outrageous results?

‘The dive is over. It’s time to launch the rocket.’

I patted Rockefeller Jr. on the shoulder still looking nervous.

“Usually when new management takes over they just take out all the bad news that was there before. Have you heard of the Big Bath?”

“I’ve heard of it. Isn’t that a classic bad news-sharing technique?”

A technique where a newly inaugurated representative places all the blame on the predecessor.

We don’t have to worry about being beaten up by public opinion because we can justify our actions by mentioning this.

I nodded and answered Rockefeller Jr.’s question.

“Yes. It’s time for you and I to do this so that we can carry out our duties as representatives with a lighter heart.”

“….”

“Let’s start by getting rid of all the bad things.”

Rockefeller Jr. looks at his father.

This may be because doing so could have easily resulted in Rockefeller being criticized.

“Go ahead. If I can sacrifice myself so that you can be safely inaugurated as the new representative then so be it.”

As expected Rockefeller approved my proposal.

A situation where one is burning with revenge.

The Rockefellers of today are the ones who will do anything to embarrass Morgan Rothschild and Roosevelt.

“Then I will only trust you.”

“yes.”

ah.

I’m looking forward to next month.

How will the Chicago Oil Futures Market react to our announcement?

* * *

『Princeton University Geology Professor MacCoyle warns that oil will run out in 30 years.』

『Royal Dutch and Standard Oil’s successive overseas exploration failures.』

『Oil prices break 50 cents per barrel on Chicago futures exchange.』

『Following maintenance on the Sokal Northern pipeline a fire breaks out at a Gulf Oil drilling facility further shaking up already volatile oil prices.』

『Oil prices break 70 cents a barrel on the Chicago futures market. $1 is just around the corner.』

“Phew. That’s a relief.”

Morgan put the newspaper down with a sigh of relief.

An image of a person flashed through his mind.

He sipped a glass of scotch and recalled a conversation he had had with Lee Kang in the past.

‘I lived because of this prince’s slip of the tongue. No it wasn’t a slip of the tongue but maybe it was advice. It doesn’t seem like he’s trying to completely turn his back on me.’

Morgan considered himself lucky.

Unlike Rockefeller whose eyes were turned away.

At least his partner Lee Kang seemed to have not yet lost his sense of reason.

‘You wouldn’t dare to flirt with me would you?’

American business is now Morgan’s world.

Of the two industries that Morgan had not entered the steel industry had already been Morganized.

Even the oil industry which had been struggling for a while was gradually being eroded by Morgan’s influence with the acquisition of Standard Oil of Ohio.

Morgan smiled happily as he organized his web of companies into a table.

It was at this time.

Henry Davidson Morgan’s right-hand man appeared before him.

“Sir if we do this well we might hit the jackpot.”

“Yeah. If I had known this would happen I should have saved more when I bought it. What a shame.”

Short selling of Standard Oil has long since stopped.

It didn’t stop there he also repaid all of his short selling contracts.

Rather Morgan smiled as he watched the stock price rise since he now owned 10% of Standard Oil.

“It looks like Standard Oil of Ohio will be acquired one way or another.”

“okay?”

Even if Rockefeller rebels Morgan can still swallow up some subsidiaries as he owns 10% of the total stock.

It was possible to acquire some of the spin-off subsidiaries of Standard Oil by exchanging shares with existing minority shareholders at a high cost.

Morgan wanted to grow further by merging the companies he acquired this time with U.S. Steel.

“Let’s use this as a basis to dominate the oil market.”

“Yes sir.”

That was when.

A secretary ran in front of Morgan.

“Mr. Morgan I tried to dissuade you.”

bang-

Then an angry man appeared in Morgan’s office.

“Representative Morgan!”

This is Watson the president of Chemical Bank.

A famous figure known as Baron Rothschild’s subordinate.

“How can you act so shamelessly!”

Watson glared at Morgan his face furrowing and he screamed.

“You are acting so shamelessly and shamelessly.”

Morgan informed the market of the financial condition of the Rothschild financial affiliates.

It was announced that Standard Oil was currently heavily shorted.

This is to directly refute the false rumors floating around the market.

When signs of a bank run appeared due to rumors that Morgan’s company had been shorted by Standard Oil he tried to save himself by passing the buck to the Rothschild-affiliated banks.

“Aren’t we partners in the same boat? But how come….”

Morgan’s current actions are closer to that of an enemy than a partner.

It’s not like I’m holding a ceremony to tell you to fall behind.

Morgan’s actions caused the Rothschild banks including the Chemical Bank to suffer.

The losses from short selling are already enormous.

Because the bank run occurred and the internal situation became chaotic.

“Huh? Partner?”

Morgan answered Watson pretending not to know and picking at his ears.

“You and I are partners?”

“Representative Morgan. Have you forgotten what you promised the Baron?”

“A promise? Oh! You mean the one where you asked for help with the Federal Reserve in exchange for handing over Morgan’s affiliates in Europe?”

“Besides didn’t we agree to short Standard Oil together? And now you’re not only hitting the Baron in the back of the head you’re telling the public about it?”

“I?”

The former contract was in writing but the latter was made verbally.

Is that why?

Morgan continued to pretend not to know.

“I’ve never done that before?”

“Representative Morgan!”

“….”

“How shameless you are!”

Morgan raised a corner of his mouth at this.

He displayed his rude behavior with ease putting his feet up on the table.

“Why do you keep blaming me?”

“….”

“Who threatened you with a knife to sell short? When you said it was okay to sell short why are you whining like a child now?”

Watson seemed to catch his breath at Morgan’s answer.

Fuck.

On Wall Street we were taught not to trust anyone.

Watson clenched his fists and made his final appeal.

“Aren’t you afraid of people’s eyes?”

“People? Who?”

Morgan tilted his head.

“I am the second largest shareholder of Standard Oil holding 10% of the stock. And you are suggesting to the Baron that we short the stock?”

Morgan and Rothschild had different views on Standard Oil.

Rothschild saw it as a purely short seller.

Morgan wanted to acquire it so he thought the stock was worth holding for a long-term investment.

That’s why Morgan owned shares in the original Standard Oil.

The Rothschilds did not.

“Would people believe that? Moreover I am the victim of an antitrust lawsuit. I am not a beast like your master who joined hands with Roosevelt.”

The fact that the Rothschild family joined hands with Roosevelt to beat Morgan and Rockefeller is a story that every New York capitalist with a little bit of brainpower knows.

Most capitalists in New York hate Roosevelt.

“Please use what’s on your head.”

“….”

I own Standard Oil stock.

Also a victim of anti-monopoly laws.

Should we believe Morgan who is also an ‘American’?

Or should we believe the words of Rothschild who boasted of having a noble title of Baron and was looked down upon by New York capitalists?

The answer was set.

“The Baron will not forget this. He will regret it.”

“What do you regret? You should worry about the bank first. Wasn’t the damage from this incident significant?”

“….”

“I heard that the known damage amount is over ten million dollars. And the situation got even worse when they invited a short-selling expert either Livermore or Liberty?”

Morgan snickered and flashed a rotten smile.

“If a bank run occurs the damage will be even greater so rather than causing trouble here I would quickly go back to my bank and discuss related measures.”

Watson trembled and then turned away.

He kissed Morgan one last time before leaving his office.

“Representative Morgan.”

“Tell me.”

“One day your arrogance will come back to haunt you. There are countless people who wish for your downfall.”

bang-

President Watson left Morgan’s office.

Then Morgan lit a cigar and watched Watson for a long time where he had left.

“Tch that’s funny. You loser but your tongue is long.”

<Your Misfortune is My Happiness (3)> End