Comments on: Reliance on Oil & Gas http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/ for Malaysia Fri, 21 Nov 2008 23:11:25 +0000 http://wordpress.org/?v=2.6.3 By: Manifesto Pilihanraya PAS, DAP dan PKR..Harga Minyak Turun? Malaysia’s General Election 2008 - Political Parties’ Manifesto’s at Weddings, Celebrity Gossips & Personals @ Syokkahwin.com http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/#comment-81267 Manifesto Pilihanraya PAS, DAP dan PKR..Harga Minyak Turun? Malaysia’s General Election 2008 - Political Parties’ Manifesto’s at Weddings, Celebrity Gossips & Personals @ Syokkahwin.com Wed, 27 Feb 2008 17:49:26 +0000 http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/#comment-81267 [...] COMMENT BY LIM KIT SIANG on PETROLEUM RESOURCES MANAGEMENT on his blog - “Therefore the DAP proposes that the Government legislate that 50% of our windfall from oil and gas is kept under lock and key, with the sole purpose for investment in human capital as well as research & development, over and beyond our typical expenditure on education and training“. If he suggests it should be kept under lock and key, why asking PETRONAS to contribute more that it already has? It has already contributed almost 50% of it NPBT to Government (Dividends, taxes, royalties and export duties). So what now? So you know who to vote now! [...] [...] COMMENT BY LIM KIT SIANG on PETROLEUM RESOURCES MANAGEMENT on his blog - “Therefore the DAP proposes that the Government legislate that 50% of our windfall from oil and gas is kept under lock and key, with the sole purpose for investment in human capital as well as research & development, over and beyond our typical expenditure on education and training“. If he suggests it should be kept under lock and key, why asking PETRONAS to contribute more that it already has? It has already contributed almost 50% of it NPBT to Government (Dividends, taxes, royalties and export duties). So what now? So you know who to vote now! [...]

]]> By: malaysiachinese http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/#comment-76440 malaysiachinese Tue, 12 Feb 2008 04:41:12 +0000 http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/#comment-76440 Luckily Malaysia have oil, otherwise we are nothing better than Indonesia. What else can the government owned company can do for Malaysia? MAS is like shit. Telekom & TNB can't make good profit, Proton nearly "bungkus", profit from Petronas "don't know go where", etc. This is how BN manages Malaysia. Vision 2020 go to hell lar !!! Luckily Malaysia have oil, otherwise we are nothing better than Indonesia. What else can the government owned company can do for Malaysia? MAS is like shit. Telekom & TNB can’t make good profit, Proton nearly “bungkus”, profit from Petronas “don’t know go where”, etc. This is how BN manages Malaysia. Vision 2020 go to hell lar !!!

]]> By: lkp http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/#comment-76010 lkp Sun, 10 Feb 2008 08:42:12 +0000 http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/#comment-76010 another grand-old story about the GLC in KL...........but agreed. another grand-old story about the GLC in KL………..but agreed.

]]> By: ktteokt http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/#comment-47973 ktteokt Sat, 15 Sep 2007 00:47:59 +0000 http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/#comment-47973 Malaysia is so lucky to have petroleum but look at what they did? They prefer to export the Malaysian petroleum and buy some cheap and lousy petroleum back, claiming that Malaysian petroleum is of superior quality and it would be more beneficial to export our own petroleum and purchase cheap petroleum from overseas. This is analogous to planting nice vegetables in front of the house and just because they are to nice to be eaten, we sell them to others and then purchase some cheap and rotten vegetables for self consumption. The logic is what if we have already promised to sell our nice vegetables to others and others refuse to sell us their "rotten vegetables"? What is there left to eat? I still remember Mahathir saying that we close our doors when our currency was speculated by Soros. How can we close our doors when we are not the least bit self sufficient? Malaysia is so lucky to have petroleum but look at what they did? They prefer to export the Malaysian petroleum and buy some cheap and lousy petroleum back, claiming that Malaysian petroleum is of superior quality and it would be more beneficial to export our own petroleum and purchase cheap petroleum from overseas.

This is analogous to planting nice vegetables in front of the house and just because they are to nice to be eaten, we sell them to others and then purchase some cheap and rotten vegetables for self consumption.

The logic is what if we have already promised to sell our nice vegetables to others and others refuse to sell us their “rotten vegetables”? What is there left to eat? I still remember Mahathir saying that we close our doors when our currency was speculated by Soros. How can we close our doors when we are not the least bit self sufficient?

]]> By: AhPek http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/#comment-47891 AhPek Fri, 14 Sep 2007 02:09:21 +0000 http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/#comment-47891 If contributions from Petronas and other oil and gas companies make up 46.8% of the government revenue, it is not difficult to picture a scenario in 2010 when Malaysia becomes a net importer of oil.Oil subsidies will immediately be removed,transportation costs will zoom up along with food prices with demonstrations throughout the country and police adopting dragonian methods to quell them causing unrest throughout the nation. If contributions from Petronas and other oil and gas companies make up 46.8% of the government revenue, it is not difficult to picture a scenario in 2010 when Malaysia becomes a net importer of oil.Oil subsidies will immediately be removed,transportation costs will zoom up along with food prices with demonstrations throughout the country and police adopting dragonian methods to quell them causing unrest throughout the nation.

]]> By: wtf2 http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/#comment-47725 wtf2 Wed, 12 Sep 2007 13:35:19 +0000 http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/#comment-47725 would be interesting to find out where the oil goes to - breakdown by country and e.g a pie chart and then another chart to see if the revenue for the respective countries tally with the export. this will provide some transparency ....and perhaps confirm/reject the role Petronas played during the asian currency crisis.... would be interesting to find out where the oil goes to - breakdown by country and e.g a pie chart and then another chart to see if the revenue for the respective countries tally with the export.

this will provide some transparency ….and perhaps confirm/reject the role Petronas played during the asian currency crisis….

]]> By: ktteokt http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/#comment-47714 ktteokt Wed, 12 Sep 2007 10:58:14 +0000 http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/#comment-47714 Malaysia planted rubber, but rubber prices held by London. Malaysia dug for tin, but tin prices held by London. Malaysia dug for oil but oil prices held by OPEC. What else can't Malaysia do? Malaysia planted rubber, but rubber prices held by London. Malaysia dug for tin, but tin prices held by London. Malaysia dug for oil but oil prices held by OPEC. What else can’t Malaysia do?

]]> By: k1980 http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/#comment-47702 k1980 Wed, 12 Sep 2007 08:37:53 +0000 http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/#comment-47702 <b>Observing the long queues and detestable delays in purchasing ASW units (offering half the dividends of ASN), I believe that should this nascent discontent be translated into GE votes, it is capable of trashing Koh TK, Ong KT and the other despiscable MCA, Gerakan, MIC lapdogs into the garbage dump of history. These dogs need us, BUT WE DON'T NEED THEM! So, borrowing a quote from Admiral Nelson, "Malaysia expects that every man will do his duty" on polling day, the day when MCA, Gerakan etc no longer blight the land of our birth is near</b> Observing the long queues and detestable delays in purchasing ASW units (offering half the dividends of ASN), I believe that should this nascent discontent be translated into GE votes, it is capable of trashing Koh TK, Ong KT and the other despiscable MCA, Gerakan, MIC lapdogs into the garbage dump of history. These dogs need us, BUT WE DON’T NEED THEM! So, borrowing a quote from Admiral Nelson, “Malaysia expects that every man will do his duty” on polling day, the day when MCA, Gerakan etc no longer blight the land of our birth is near

]]> By: waterman http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/#comment-47699 waterman Wed, 12 Sep 2007 07:52:16 +0000 http://blog.limkitsiang.com/2007/09/12/reliance-on-oil-gas/#comment-47699 Oops! I mean In the 70’s - They didn’t love us, so keep quiet! In the 90’s - They didn’t care about us, so stop complaining! 201?’s - They don’t need us, so get lost ??? Oops! I mean

In the 70’s - They didn’t love us, so keep quiet!
In the 90’s - They didn’t care about us, so stop complaining!
201?’s - They don’t need us, so get lost ???

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