Chapter 347: 151, Oil Consortiums_2
As for why?
"I think you must have guessed when you invited me to Atlantic City, right?"
It's naturally because you're the spokesman for the Oil Consortium, and your entanglements with them are even more profound.
Donnie knew the reason, but he hadn't expected Albert Furr to be so firm.
"Albert, is there really no room for manoeuvre in this matter? I just hope to get one oil field at Teapot Dome!"
Donnie didn't want to give up just like that!
This opportunity was his best chance to enter the oil industry!
Although these three oil fields were coveted by many oil tycoons, the best point was that this place didn't involve Rockefeller, the oil industry giant.
If he waited any longer, next time, Donnie might have to face Rockefeller himself!
"Donnie!"
Albert Furr said somewhat helplessly, "Just that one oil field? Do you know how many people are eyeing it?
My friend Donnie, isn't your current business doing well? As far as I know, you've already established contacts with bootleggers across the country, and once you set up your transportation team, you'll be the largest bootlegger in the nation.
Even by conservative estimates, the profits from that could bring you close to a hundred million US dollars in income each year, right?
And then there's the Surf Hotel, which is opening this year. As the only hotel with a gambling license in the first city in the country to legalize the gaming industry, it'll attract the nation's wealthy.
With the additional income streams, I believe they could bring you at least tens of millions of US dollars each year.
My God, speaking of which, I'm starting to envy you. Why would you still want to enter the oil industry?
That's an arena, where brutal fights break out every day. Isn't it good to just manage your Atlantic City?
Donnie understood what Albert Furr had said, but he also knew that the two businesses Furr had mentioned were, after all, ostensibly splendid businesses to him.
The bootlegging business was indeed profitable.
But the prohibition in the United States would eventually be lifted, and when that happened, the bootlegging market would shrink rapidly. In other words, Donnie would lose this market, and nearly a hundred million US dollars in profits each year was just on paper.
It would take at least a year or two for Donnie to establish a nationwide transportation network!
Moreover, bootlegging was a black business in the United States; frankly, if Donnie hadn't had the Atlantic City Broadcast, a media company that seemed very useful,
his bootlegging business would just be a puppet for some big shot, who could easily take away all of his businesses!
With the gaming industry legalized in Atlantic City and the Surf Hotel holding the city's only gambling license, the hotel business was legitimate.
But this business depended too much on government policies.
Now, with Nucky and the joint interest, the state government allowed only one gambling license in Atlantic City!
But what about the future?
In the future, if the state government thinks that adding more gambling licenses could bring them more profits, or if some huge players wanted to get in after seeing the profits of the Surf Hotel,
then the exclusivity of the Surf Hotel could potentially be lost!
Although the chances of these things happening were very slim.
Donnie couldn't ignore them.
That's why Donnie thought of getting involved in Hollywood, banking, and now the oil industry!
Only by leveraging these industries to gain more power and greater influence could Donnie truly be in control of his own affairs.
Past experiences filled Donnie's heart with insecurity.
If fate wasn't in his own hands, then everything was an illusion!
"My friend, I'm very grateful that you've shared so much with me, but I still hope to own more businesses. If you think the benefits aren't enough, I can offer more!"
Donnie said resolutely.
Albert Furr greedily looked at everything on the table, but finally shook his head helplessly, "Donnie, I've told you everything I can. I really can't do anything about this issue!"
No matter how much Donnie persuaded afterward, Albert Furr remained unyielding. Clearly, the negotiation had not been successful for both parties.
When Donnie was about to leave, Albert Furr gestured for him to take the two items on the table.
"My friend, once a gift is given, there's no taking it back. Although you haven't helped me with this matter, I am still very grateful for your honesty. If you consider me your friend, then please keep these things!"
Donnie did not take back his favor.
Albert Furr struggled for a while but eventually accepted Donnie's favor, once again stating that he really couldn't do anything about the oil field matter!
Donnie simply nodded to Albert Furr's words. Discover hidden stories at My Virtual Library Empire
When Donnie stepped out of the villa, Alice was already waiting for him in the car.
"It seems Albert Furr didn't agree to your proposal!"
Seeing Donnie's expression, Alice guessed the result of the negotiation.
Sitting in the car, Donnie nodded, somewhat helplessly.
This business venture made Donnie feel helpless for the first time. He had never encountered real trouble with the bootlegging business, the broadcasting business, or even the Surf Hotel, due to open in half a year.