Write your abstract here. PART IV "Strategies that Effectively Resolved Global Oil Crisis". 500,000-ton ULCCs started to lift Arabian Light crude from Rastanura terminal and offloaded at Monteverdi tank farm. It was the first time in decades for Monteverdi to run at their full throughput. No refinery in the world able to do the same because of limited resources to pay for feedstock, it was fortunate for any capable of maintaining output just to cover operating cost. The majority of our derivatives were transfered to Rotterdam terminal for distribution by our trading companies established to intervene the market satisfactorily. Revenues from our sales of derivatives added to those of crude oil toppled up the three Swiss banks' head offices, UBS
; SBS , CS , and BIL . After Christmas, the three signori, President & CEO, COF, and COO of Monteverdi paid me a visit expressing their profound thanks as their positions were secured and had 3-month bonus for the first time. They presented me 10 boxes of Davidoff Dom Perignon cigars and one case of superior wine from Chateau Haut Brun. Then asked me to help convince the Crowned Prince to takeover Monteverdi refinery & Montecatini Conglomerate at an offered price of two billion dollars assuring me it was a good deal. I requested for three years annual reports and the latest auditor reports of respective assets in possession of all the companies in the conglomerate which were included in their offered package. February 1976, the documents were delivered me evidencing their combined assets of three billion dollars. I employed an independent chartered surveyor to double-check the evaluation and found that the auditor report covered combined assets of three billion dollars at depreciated values of properties, office and plant buildings, installed machineries, but other tracts of land, feedstock and finished products, uninstalled machineries and spare parts and other fixed and movable chattels were left out which were evaluated at two billion dollars. From what I gathered, I wrote up the pro and con of takeover and presented to the Crowned Prince for directive which he said to me if it is good, do it right away. He was very pleased with the takeover for two billion dollars against the combined assets of five billion dollars and extolled me for the gainful deal and gave directive for me to chair his board of personal investment where bank presidents and their team staffs attended every month in Geneva. From thereon, I was involved actively as an oil man and responsible for his investment. August 6th is the Swiss Confederation Day, people in Geneva crowded along both sides of the lake overlooking the old town and the city. At 7.30 PM spectacular fireworks alighted from different locations alongside the lake and at the Jet d'Eau continuously for 40 minutes in the celebration programmed by computerised sequences. Under the lake is the car park and a 4-floor shelter for the entire population in Geneva at time of Nuclear bomb alert, fully equipped with utilities and amenities, oxygen generator, carbondioxide disposal, ozonised drinking water reservoir, UV-airconditioning system and F&B to last 4 years. Apart from regular board meetings in Geneva base, I had to attend meetings in Zurich, Paris, Vienna, Dusseldorf, Luxembourg, Milan and London that occupied all my time. As a rule, I walked along the lake for 4 hours every morning on week days and 8 hours on weekends. I like to take the train to Lausanne and cable shuttle to Pully and Ouchy for lunch at the famous lakeside restaurant and got on the lake cruise to France. I do treasure the pollution-free cold dry air in Geneva and Lausanne and occasionally took the train to Milan and Paris in my leisure time. June 1978, I had an unexpected visitor from Florida. Gus Elias Musleh introduced himself as Congress Attorney and President of Western Crude Reserves mandated by Executive Command to buy the entire parcel of 3mbpsd Iranian Light under a 5-year Sales/Purchase Agreement. His Texas accent was extremely difficult to understand and took me two weeks to ease up. I had to assume the role of an interpretor to translate his conversation into plain English as the bank officers could not understand what he explained. The IRA suspected tax evasion and imposted injunction on all his accounts so he had to use his wife's VISA Platinum and AMEX Oynx until IRA completed examination and acquitted him. He lived on a MacDonald Max and 2 bottles of Coke and was delighted to dine with me to take something else. Sumptuous cuisine at the Gentilhomme main dining room of the Richemond are the very best one can cater for, their Crab meat salad, T-Bone steak, Lobster Thermidor, steamed le Lupe were topnotch. They served Gratin on Sundays, prepared from sliced potato garnished with fried onion and Gruyere cream butter and cheese covered with Gruyere cheese pad and baked until golden brown which was exclusive to the Gentilhomme. I always had Pulley Fussi to compliment seafood and Champertin for meat. Because of limited space, please read continuation in PART V "The Crowned Prince resolved US Effective Bankruptcy"