America 1919-Chapter 405 - 169. The Real Counterattack Begins (10,000-word chapter, continuing to repay the debt~)_2

"What exactly is the cooperation you’re talking about, Donnie?" Eduardo Doheny decided to give up the idea of asking about Donnie’s plan for several reasons: one was that his current status was somewhat awkward, and the other was that the relationship between the two parties had not yet reached that stage.

Donnie smiled and said, "Currently, although Pandora Oil Company has the drilling rights near the three major oil fields, as I mentioned earlier, Pandora Oil Company is after all a newly established oil company and in many aspects still a novice. So I was thinking, if I could establish a refining plant, it might help Pandora Oil Company a lot more.

However, when it comes to refining, our company indeed lacks experience, while it is a different story for Pan American Oil. If our two companies could establish a new joint venture refining company, I’m convinced that we could achieve great success!"

Eduardo Doheny looked at Donnie in disbelief.

He had not expected that the cooperation Donnie was talking about would be this.

If that was really the case, what had he been competing with Donnie for in the first place?

Establishing a new refining plant in cooperation with Pan American Oil was something that Donnie had in mind when he called Eduardo Doheny to arrange their meeting.

The actions of Andrew Mellon in the previous affair served as a wakeup call for Donnie. Even if he managed to have only Gulf Oil as a partner, and even if Andrew Mellon settled down for a while after this incident, the other party would surely continue seeking opportunities to acquire more shares in Pandora Oil Company.

The only way to escape such a predicament was to introduce another partner!

But in order to ensure his absolute control over the company, he could not allow these two individuals to be involved in the same company at the same time.

Therefore, Donnie preferred to make extra preparations and establish another new refining company under the name of Pandora Oil Company. Then, the shareholders of the new refining company would be Pandora Oil Company and Pan American Oil. Continue reading stories on novelbuddy

And he would be able to perfectly control both companies!

At the same time, he could also send a message to Andrew Mellon, letting him know that he did not only have one partner!

After carefully considering this, Donnie confirmed that the best candidate for the new partnership would be one of the four major oil companies.

By the year ’23, once the Teapot Dome scandal broke out, all of these individuals would be affected, and some might even lose control of their companies, and that would be Donnie’s best opportunity!

Eduardo Doheny was unaware of future events, and at this moment, he felt as if a pie had fallen from the sky right into his lap, and even better, as if a beautiful woman was feeding it to him.

Why had he chosen to collaborate with those three companies against Donnie before, if not for the benefits in Donnie’s hands?

Now Donnie, having already won, was voluntarily handing these benefits to him, making Eduardo feel that his previous actions had been foolish!

With Eduardo Doheny’s attitude, the matter of discussing the establishment of a new company in cooperation with Donnie went much smoother.

Soon, the two parties agreed that Pandora Oil Company would contribute $700,000 in cash for a 70% share in the new refining company, while Eduardo Doheny’s Pan American Oil would take a 30% stake in the company through cash and technology.

Once this matter was settled, the two parties had transformed from initial rivals into cooperative partners, lending a dramatic twist to the whole affair.

As a shareholder of Pandora Oil Company, Andrew Mellon was naturally one of the first to learn of this development.

"I cannot agree to this!"

Andrew Mellon knew that Donnie was retaliating against his previous inaction during Pandora Oil Company’s crisis, but he still expressed his opposition.

"Gulf Oil has much more advanced refining technology than Pan American Oil, and now you, Donnie, are willing to give up working with Gulf Oil to spend more money on cooperation with Pan American Oil; this is entirely a challenge to the company’s profits!"

Donnie, holding the phone and listening to Andrew Mellon’s objections, said, "Andrew, I acknowledge what you said, but there is no need for us to beat around the bush. The reason for my actions is clear to you. Gulf Oil indeed has more advanced refining technology than Pan American Oil, but the extent of this advantage isn’t significant enough to make a difference in the current oil market. More importantly, only by doing so can Pandora Oil avoid the possibility of being taken over by Gulf Oil.

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As partners, I hope that we are close-knit, not calculating against each other. Andrew, your previous behavior has made me see things I didn’t want to see, so to avoid further rifts between us in the future, I think it’s best to work with Pan American Oil."

Andrew Mellon was at a loss for words. He was unaccustomed to such straightforward expression from Donnie, something he rarely encountered. While many said that Westerners are direct in speech and action, that only applies in a minority of instances; it’s just that some have come to view this minority behavior as the norm.

If Westerners were so direct in their speech, there wouldn’t be so many business wars erupting.

Especially the Western business invasion of the East is nothing short of a sordid history of commercial conspiracy.

Thus, when Donnie revealed his inner thoughts to Andrew Mellon, he was, for a moment, unsure of how to respond.