"Two, do you think that even if China does not engage in the research and development of coal-to-oil technology, other countries will not engage in the same research?" Feng Xiaochen began to reason with Bradman and the others.

Graeme thought about it, shook her head, and said that Feng Xiaochen's problem made sense. The coal-to-oil technology has been around for decades. Even if China does not study it, other countries will also study it. However, if China invests $3 billion in one go, it may not be possible to find it. Graeme thought of this, but he is not in a hurry to say it. He decided to listen to Feng Xiaochen's reason first.

"China is a country rich in coal resources. Whether we can obtain oil supply from OPEC or not, the technology of coal-to-oil is something we must develop. If we don't develop ourselves, other countries will develop such technology in the future. If we go back and use this technology to stuck our necks, we will feel very uncomfortable." Feng Xiaochen continued.

"How could other countries use this technology to get stuck on your neck?" Grame asked strangely.

Feng Xiaochen said: "It's very simple. If Americans or Japanese break through this technology first and the cost of using coal to oil drops to the level of US$200 per ton of refined oil, do you think it's better to import crude oil to refine refined oil, or to use our abundant coal resources to refine cost oil?"

"This is impossible, and the cost of coal-to-oil cannot drop to this level." Bradman directly denied Feng Xiaochen's hypothesis.

Feng Xiaochen smiled and said, "Mr. Bradman, don't make conclusions arbitrary. We have verified a new transformation process in the laboratory, and the next step is to conduct industrial experiments on small devices. If this process can be put into mass production, the cost of $200 per ton of refined oil is completely possible."

"What you said is true?" Grame asked glaring at Feng Xiaochen.

Feng Xiaochen shrugged and said, "Of course Mr. Grame can think I'm bragging. By the way, did you feel this way when you came last time?"

One sentence made the two OPEC officials' faces angry purple. It's really a pot that doesn't open. I did ignore the threat from General Manager Feng last time, and it caused me such a great passiveness. But this does not mean that I must completely believe the other party's words and reduce the price of refined oil to US$200 per ton. Isn't this a fantasy?

However, before the Chinese people's Shanbei coal-to-oil project was laid, didn't I think the price of US$650 per ton was a fantasy? I misjudged the situation last time, but if I misjudged the situation again this time, the consequences would be very serious.

"Mr. Feng means that if Americans or Japanese master such technology, then you will be in a state of backwardness in technology. At that time, you have to introduce technology from Americans or Japanese, and this will give the other party the opportunity to get stuck in your neck." Gram straightened out the logical relationship for Feng Xiaochen.

Feng Xiaochen nodded: "Mr. Grame summed it up very well."

"So what are your plans?"

"We will continue to invest in the coal-to-oil project. At present, this project in Shanbei Province still has the nature of experiments. We must build it up and then accumulate relevant data during operation to guide the next step of research and development."

"Until you cut the cost of refined oil to $200?"

"Maybe it can be lower."

"What conditions do you hope we can give up your current research work." Bradman asked bluntly. Of course, he does not have the right to agree to all the conditions of China, but he needs to at least ask what conditions China has in order to bring this information back and let the top leaders of OPEC think.

Feng Xiaochen shook his head and said, "We will not give up this research under any circumstances. The further development of coal-to-oil technology is not within the scope of our negotiations."

"Then we don't need to agree to the conditions proposed by Mr. Xu just now. If China has such an attitude, we can only adopt a retaliatory policy and implement stricter export quotas for China." Bradman said with a stern face.

Feng Xiaochen said tit-for-tat: "If this is the case, we can only transfer this technology to Australia and other countries as quickly as possible to help them increase coal-to-oil production, thereby reducing global crude oil demand and ensuring our interests."

"I think Australia may have other ideas. We can sign a crude oil supply agreement with Australia alone. Without access to cheap oil supply, the Australian government will not be interested in coal-to-oil projects," Bradman said.

Feng Xiaochen smiled and said, "Is that so? Mr. Bradman might as well give it a try. Our bottom line is to provide Australia with coal-to-oil equipment for free."

"Free?" Bradman's eyes widened. A set of devices is worth more than one billion US dollars. Why should Chinese people give them to Australia for free? Just to be angry with OPEC?

Feng Xiaochen said: "What I mean is that the Australian government does not need to use cash to purchase immediately, but can use the profits of coal-to-oil projects to repay the equipment. At the same time, we can cancel the cost of technical patents, so that the cost of equipment can be greatly reduced."

"What if we promise you?" Bradman asked in turn.

Feng Xiaochen answered quickly: "Then we can promise not to start construction of coal-to-oil projects in Australia within two years. At the same time, we will increase the cost of technical patents more than triple, so that the Australian government will give up the problem and give up its consideration for this project."

"Is this what you mean more cautiously?"

"Yes."

Bradman and Graeme were silent for a moment. Feng Xiaochen's threat was not empty. If the Chinese really wanted to break up with OPEC and transfer the coal-to-oil projects they currently owned to other countries for free, other countries would not accept it. This is a waste of money for OPEC, and OPEC dared not bet with the Chinese. But if you agree to China with so many conditions, it would be too frustrating to just change to one China not to transfer this technology to other countries. Oh no, just being "more cautious" when transferring technology is just "more cautious".

"For us, Mr. Feng's promise is very limited in value, and this is not a cooperative attitude. OPEC has had many years of cooperative relationships with China. Shouldn't you consider the feelings of your old friends?"

Bradman started playing the emotional card. The general manager in front of him seemed not afraid of being arrogant. So, will the effect be better if you are polite?

Feng Xiaochen said: "Mr. Bradman, how could you think my promise is worthless? The representatives of the Australian Ministry of Industry are in Beijing. They hope to obtain coal-to-oil technology from China to replace oil imports. If we do not transfer this technology to them for the time being, wouldn't they have to accept high-priced crude oil from OPEC?"

"They don't really want to obtain this technology, they just want to use this as a reason to force us to lower prices." Bradman replied angrily.

Feng Xiaochen laughed and said, "Congratulations, Mr. Bradman, they no longer have this reason."

"Uh?" Bradman was stunned, and a little bit of a living aura began to appear on his face. By the way, at that moment, his face and Grame were no different from those of the mummy.

"Can you guarantee that Australia will not be able to obtain this technology?" Bradman asked.

Feng Xiaochen said: "They will not have the potential to obtain this technology within at least three years. As for three years, I cannot guarantee it. If other countries also break through this technology and are willing to export it to Australia, we can't look at the opportunity to make money instead of it?"

"What if Australia is willing to pay a high price to buy this technology from China?" Bradman asked.

Feng Xiaochen said: "If they can afford high prices, of course we are not inconvenient to refuse,... But you have to know that it will take some time to build a set of such devices. This period is enough for OPEC to make some necessary responses."

"I understand." Bradman nodded. He not only understood the meaning of Feng Xiaochen's words just now, but also understood Feng Xiaochen's entire abacus.

Feng Xiaochen's meaning is to use not to transfer coal-to-oil technology to other countries in exchange for preferential conditions OPEC gave to China, and at the same time, it does not promise to give up the construction of its own coal-to-oil project. OPEC suffered losses in China and could make money back from other countries. As long as China does not transfer coal-to-oil technology to these countries for the time being, these countries will have to endure OPEC's high oil prices. Australia wants to use the introduction of coal-to-oil technology to force OPEC to give them special treatment. After Feng Xiaochen's promise, OPEC can ignore their threats.
Chapter completed!