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I have to say that Edmund's ranch is indeed big enough. It took more than half an hour to drive to the location of his so-called oil and gas field. Of course, this is also related to the fact that the entire ranch is not paved with the asphalt road that goes straight to here.

Fortunately, the pickup they were riding was not young, but was still strong enough. Otherwise, if they were walking along the way, they might have to be broken up if they were other cars.

When he got out of the car and arrived at the location of the oil and gas field that Edmund pointed to, Li Yifan felt that his bones were almost dispersed.

On the endless wilderness, these dilapidated derricks stand, which are still working at this time, and the oil and gas mined are directly transported to the direction of the ranch by a pipeline.

I saw someone coming, and a big man in his forties ran over in a simple office next to the derrick.

"Hey! Edmund, why are you free to come here today?"

The big man's voice was very loud.

"Nothing, there is a buyer here today, and I'll take them over to see. How about it, okay, John!"

"There is no problem with the equipment. It's just that working in this place where birds don't poop is a bit too lonely."

The big man with red face was not shy. It seemed that his relationship with Edmund was very good.

"Haha, don't worry, the weekend is coming soon. By the weekend, you can go around the city. Then I will come to take the shift."

"Okay, you guys talk, I'll go back and stare at the equipment."

The big man nodded at Andy and Li Yifan, and then walked towards the simple office again.

"You have also seen that this is our oil and gas field. The oil storage capacity is not large, about a few million tons, but the natural gas reserves are still quite good, about one billion cubic meters. You also know that I don't have much money to ask those exploration teams to conduct detailed investigations. If those exploration teams are invited to conduct detailed investigations, the reserves may be higher."

Edmund briefly introduced to them the oil and gas field. If he hadn't seen those machines and were working, Li Yifan would not believe that this place was an oil and gas field.

No wonder the old man insisted on such a quotation. If what he said was true, this ranch would be really not expensive, with a 100 million US dollars to buy a ranch and an oil and gas field. If anyone can get such a quotation in ten years, he would probably be happy.

A few million tons of crude oil reserves are simply useless for Canadian or American oil giants, and they are not even considered useless.

Because according to their construction and mining standards and labor costs, mining such oil fields is definitely a loss-making business. After all, oil and gas fields with annual volume of tens of millions of tons are everywhere, not to mention the entire North America, even in Alberta, which is rich in oil and gas resources.

Such an oil field with a reserve of only a few million tons is not enough for a small and medium-sized oil field to produce half a year, so of course no one is willing to develop such an oil field.

If such an oil field is obtained in China, it may be a treasure land for ordinary businessmen, but even for giants like CNPC and Sinopec, it is a waste of money.

Compared with the poor oil here, Li Yifan is more interested in the oil and gas field below the ground. The reserves of more than one billion cubic meters are definitely not a small gas field. If Edmund had not lie, it would definitely be a medium-sized gas field.

The concept of natural gas has not yet emerged in China these days. After all, China's economy has developed rapidly in recent years, but it has not yet reached the point where a behemoth looking for resources all over the world ten years later.

Moreover, the pursuit of natural gas is far less exaggerated than it will be ten years later, because of the difficulty in storage and transportation of natural gas, this kind of thing is not very important even in North America.

In addition to people using it to cook and winter to keep warm, the biggest use of natural gas in North America is that factories that require a lot of energy will use it as fuel.

After all, in the face of increasingly strict environmental regulations, natural gas is still a very good clean energy, and because the demand is not very large, the price is not very expensive.

Now you can't see the value of these natural gas at all, but you don't have to wait until ten years later, even five years later, the prices of these natural gas will rise all the way up.

At that time, China was attacking the world, looking for stable and suitable oil and gas supply sources everywhere to ensure the growing domestic demand for energy.

You should know that at that time, Canada became the world's top resource powerhouse by relying on exports of oil and natural gas, such as China.

At that time, the exchange rate of Canadian dollar to RMB even exceeded that of the US dollar to RMB. When the exchange rate of US dollar to RMB still hovered around 1 to 6, the exchange rate of Canadian dollar to RMB had even exceeded 1 to 7.

It is precisely with such strong resources that Canada's economy ushered in a period of rapid growth and prosperity.

But now, the price of these natural gas is...

Uncle Andy and Li Yifan, led by Edmund, walked around the entire mining area, and then went to the office where John was and took a rough look.

"The oil and gas fields we mine are mainly supplied to the ranch. Our ranch has its own power generation equipment. It can be said that as long as we operate it well, we can be completely self-sufficient. The power supply of our milk powder production line depends entirely on the natural gas here..."

Edmund continued to introduce the situation here to them, while Li Yifan became more and more satisfied as he listened, but Uncle Andy frowned after hearing this.

"Edmund, to be honest, I'm very surprised and happy that there is this oil and gas field here, but I still think your offer is a bit high."

Li Yifan simply wondered if his ears were wrong. Andy actually felt that Edmund's offer was a bit high. Oh my God, is he crazy? You must know that such a Feng Shui treasure land will not be able to buy it in ten years, even if you take out 500 million US dollars.

However, Edmund's next performance made Li Yifan feel a little dumbfounded. Edmund did not argue with Andy with anger as he imagined, but instead was a little dejected. It seemed that Andy was right, but why was this?

"Edmund, it's true that you have rich oil and gas resources here, especially the natural gas reserves, but such oil and gas fields are everywhere in Alberta. And I have seen the location of your oil and gas field. Not to mention Edmonton, at least more than 300 kilometers. Such a distance can be said to have no advantage in your oil and gas field."

I'm sorry, is it a sin to have rich resources? It's so fucking, living in such a country is so happy.

After hearing Uncle Andy's words, Li Yifan suddenly felt an impulse of being overwhelmed. They really didn't know that ten years later, people living in China were thirsty for fuel resources such as oil and natural gas.

When people in areas that are rich in oil and natural gas can enjoy one or two yuan of gasoline, while people in China have to pay several times the price to add inferior fuel to their cars, people who have not enjoyed such treatment will completely fail to understand the desire of Chinese people for oil and natural gas resources.

"I know, Andy, these are the disadvantages of my oil and gas field, but no one can guarantee it. The future..."

Edmund wanted to argue for his ranch, but he was a little dry when he said this. After saying a few words, he couldn't continue.

Andy looked at Li Yifan who was still dazed behind them, and knew that his mind was a little too hard to turn, so he explained to Li Yifan.

"Alberta is rich in oil, but most of the oil here is not extracted from oil wells, but comes from the processing and refining of oil sands. At present, several large oil sand refineries in Alberta are near Edmonton, the state capital. The most important raw material needed to extract gasoline from oil sands is natural gas. Alberta is also a place rich in natural gas, and there are many places where natural gas reserve resources are very rich, enough for us to refine a large amount of cheap gasoline.

There is also a degree here. When the international crude oil price is less than 35 US dollars, then refining gasoline from oil sands is definitely a loss-making deal. Now the international crude oil price has fallen to twenty dollars per barrel, so many of the oil sand refining factories near Edmonton have stopped production, because they will lose five to ten dollars without refining a barrel of crude oil. So the most valuable thing in Alberta is oil sands and natural gas…”

God, you are so nice to me. Such a big piece of cake, you just hit my face. Although it made me covered in flowers, you should still make such cakes come more violently.

After hearing Andy's explanation, Li Yifan suddenly felt speechlessly asking the sky. Thanks Soros, and Quantum Fund. If it weren't for your trouble, how could the international oil price have fallen from the original more than 40 US dollars to less than 20 US dollars now?

If it weren't for your trouble, how could we have found such a big advantage?
Chapter completed!