Chương 319: Continue Being Patent Hooligans

Following this announcement, there were many ramifications abroad. The response overseas was totally within Chen Jin's expectations. As a repercussion to the announcement of Xing Hai Technologies' High Energy 1, on the 18th of March, which was the following day, international oil prices plummeted! From the highest price of 140 dollars per barrel, it tumbled down to 120 dollars per barrel. It even fell through 100 a few days later, returning to the normal price range. Aside from that, many western powers couldn't sit still any longer. They stated:

"Xing Hai Technologies achieving a breakthrough in the energy technology field has brought upon hope to mankind's governance on the global environment. There's hope for carbon emissions to be reduced and the greenhouse effect to be effectively curbed, all based on whether Xing Hai Technologies is selfish or not."