Chapter 181 Terrible Capital

Li Han was working on the job, and suddenly a chocolate was stuffed into his mouth. It was still warm and did not solidify completely. It was soft when bitten and tasted quite good.

Then, Wang Man hugged his neck from behind and kissed him on the face, and smiled happily: "Honey, happy Valentine's Day, our first Valentine's Day."

"Be good." Li Han touched her head and sighed: "I spent the first Valentine's Day in the store."

"Oh, that's not the day I got my certificate and rested for one day two days ago." Wang Man rubbed his face and said, "It's not good to rest again after two days."

"What should we do after we get married?" Li Han's index finger gently stroked Wang Man's face, "Are you going to have a honeymoon?"

"Of course I want..." Wang Man said happily, but then his face darkened and he sighed in frustration: "Of course I think about it, but I have to take care of my mother and can't go out... and the cake shop can't be closed for a month, right?"

"My parents can help you take care of her." Li Han held up Wang Man's chin and said, "No one month can do, how about that week?"

"Sounds good..." Wang Man bit his lower lip and smiled.

"Or..." Li Han thought for a while, and suddenly had an idea, "I'm a little embarrassed!"

"What idea?" Wang Man blinked his beautiful eyes and asked with anticipation.

"Now, keep it secret with you, and let us know when we finish the wedding." Li Han tapped her nose lightly, then smiled proudly, "It's simply perfect..."

"Oh, you hate it." Wang Man said angrily, "Why say it, it makes me feel itchy!"

Li Han took a sip on Wang Man's mouth: "I'll tell you then."

Wang Man seemed a little unwilling to accept it, but she still held it back for this surprise.

In the next week, Li Han's company was stable, and Li Han himself took advantage of the time when nothing special was going on to consider the wedding.

Although he can directly recommend it with the big data APP, at least he wants to decide with Wang Man on the wedding matter.

A week later, the blizzard in New York arrived as scheduled. This blizzard not only hit New York, but also caused serious snow disasters in many places in the United States.

From this day on, although the power system has not yet been paralyzed, electricity prices have begun to soar.

Li Han was not surprised at all. After all, there have been many precedents in the United States.

The most typical example is the notorious Enron Energy Company, which caused a financial scandal.

Enron Company was founded in 1985 and started with natural gas energy. It then joined the power industry in the era of liberalization of power distribution.

In that era, electricity was pushed into the spot market, and electricity prices were dominated by short-term supply and demand. In other words, electricity prices were expensive during peak electricity consumption, while electricity prices were cheaper at low electricity consumption.

At first glance, there seems to be no problem. Supply and demand determine prices, but in fact this makes the power market more "operable".

For example, capital can sell electricity at a high price when power is short, and then buy it at a low price when power overflows, making crazy arbitrage.

Relying on this method, Enron made a lot of money, and the company's market value once reached 80 billion US dollars.

However, with the development of the times, electricity production has gradually increased, and people are not short of electricity, so the electricity price will inevitably drop.

However, this cannot prevent Enron from making profits: if there is no power shortage, then artificially create power shortages.

For example, irrigating the circuit of a power plant will cause large-scale power outages, or requiring the power plant to be closed for a period of time on the grounds of maintenance, and then selling the power at a high price of three or four times when the public facilities are out of power.

In the 2018 California fire, when the power system was overloaded due to high temperatures, traders at the power company were shouting "Let it burn!" and then raised the electricity price while praying for another earthquake to help the fun.

So when you really encounter natural disasters like Blizzard, these capitals are simply ecstatic: the opportunity to make money is here!

Seeing these people operating crazy in the futures market, Li Han secretly thought that this country was really terrible.

Before he went to the cake shop during the day, the electricity price was still $4 per kilowatt-hour, but when he was having lunch with Wang Man at noon, the electricity price soared to $12, and there was no large-scale power outage due to the Blizzard.

Li Han checked the following curve while eating. This curve made him frightened: starting today, the curve will surge to a terrible level, and the electricity price will soar to more than 200 US dollars per kilowatt-hour in just one month.

Of course, this is a good thing for him and Hashiguchi Company, but this incident gave him a very bad premonition.

Because if this happens in their country, the country will have taken action long ago, and those who maliciously speculate on electricity prices will probably be in prison.

But New York is not their country after all, and it is unpredictable when the New York government will take action.

Li Han didn't want to take risks, so he planned to take the futures at hand as soon as the electricity price rose to the peak of the curve he predicted.

Otherwise, if the New York City government interferes with flashlight prices before they have time to sell, it will be more than worth it.

This heavy snow made Li Han feel uneasy. He has not had much time to deal with other things these days, so he just stared at the electricity prices in New York every day.

After two days of blizzards, large-scale power outages in New York State finally began.

That morning, Li Han got up and saw that the electricity price had risen to more than 40 US dollars per kilowatt-hour, and when their company bought it, the electricity price was between 3 to 8 US dollars per kilowatt-hour.

If they sell all the futures at hand now, their funds can be more than ten times more.

This price has reached the peak of the curve he saw initially using "branch calculation", so although the electricity price continues to rise, Li Han has decided to transfer the futures contract at hand.

This phenomenon will be caused by the fact that too much capital has been invested in this market, resulting in the results exceeding expectations.

Rich people smelled business opportunities, so they began to artificially raise electricity prices and take advantage of the situation to make a fortune.

The madness of these capitals exceeded Li Han's imagination. In his opinion, the New York City government should have ended soon.

Therefore, after arriving at the cake shop, Li Han did not participate in the operation of the cake shop, so he immediately began to instruct the company to sell futures, and he also began to sell the electricity futures contracts he bought.

Because the United States has now entered winter time, it is exactly the trading time from 5:00 to 9:00 in the morning in China, and it is just the right time to trade during this period.

During the transaction, Li Han was still worried about what problems would happen, but the facts proved that he still underestimated the capital of the United States. Not only was the transaction very smooth, but the price was still rising all the way during the transaction.

When the transaction was finally completed, the electricity price had risen to more than fifty US dollars per kilowatt-hour. After deducting various handling fees, Qiaokou Company's 200 million funds became 2.3 billion, while Li Han's own 30 million dollars became more than 300 million.

Moreover, the income of futures does not require tax payments, and the income is the amount you earn.

At this time, the electricity futures they had sold out, but they still had some gasoline and diesel futures that had not been sold, and they were also slowly rising prices.

When these gasoline and diesel futures are also sold, they can make another profit.

As for how crazy the power market in New York will be after this, it has nothing to do with them.

However, Li Han also plans to continue to pay attention to the electricity price issue in New York: although the electricity price has risen dozens of times compared to the beginning, which is a bit incredible to normal people, but this electricity price is not worth mentioning compared to the previous electricity price in California.

After Enron fell, according to the government's investigation, the company once hyped the electricity price to $9,999.99. The reason why it was not higher was that the system at that time had only six figures and could not continue to be higher.

Even the blizzard in Texas, the electricity price was once speculated to more than 600 US dollars per kilowatt-hour, and electricity suppliers made money.

The reason why electricity prices in New York did not rise so high this time is related to their power grid.

The power grid in Texas is completely independent, and other states have surplus electricity and cannot be imported. However, the power grid in New York is interconnected with the eastern power grid and can support each other to a certain extent, so the increase in electricity prices is not that exaggerated.

But even so, they have made a lot of money.

As for when the New York City government will intervene in this matter in the future, it has nothing to do with him.

After completing the last transaction, Li Han's concerns completely disappeared, leaving only a burst of ecstasy: It's done!

Now he has 300 million yuan in personal funds, and he can invest 200 million yuan in his own food company for development. In this way, the funds required to open a store in Beichang City are more than enough, and he can even establish branches in two to three other cities.

However, he is not prepared to invest so much at one time, and the risk is too great. It is not convenient to manage branches in other provinces, so it is best to run them by franchisees, and he can leave some of the funds for development.

As for Qiaokou Company's cash flow has reached more than 2 billion yuan, and the funds this year are enough.

"I've decided!" Li Han slapped the table, "In the next three months, open the vegetable market in other provinces!"

"What are you doing for fuss?" Wang Man looked at the book at the cashier and gave him a blank look.

"Oh, it's so beautiful." Li Han came to her, hugged her shoulder and sighed, "It's better to be born in our country."

"Why did you say that suddenly?" Wang Man asked curiously.

"Look, when we were in the Blizzard last month, we wouldn't talk about prices, at least the water and electricity prices did not rise, right?" Li Han sighed, "Look at the poor Texas and New York residents, a blizzard can make them bankrupt."

(End of this chapter)
Chapter completed!