Comments on: Ensuring Our Oil Bounty Will Not Be A Curse

By: saiful

saiful — Wed, 11 Jun 2008 23:59:26 +0000

yerp….its most true for that solutions………………

It should be utilized for public transportation enhancement………not just subsidize

but Its just not like LIM KIT SIANG think……u’re typical politician Mr Lim, everything seems wrong to u……

Be more reasional like yor son…..you might capturing more voters

By: Quick Thinking

Quick Thinking — Wed, 11 Jun 2008 10:09:24 +0000

I agree with Cheong On Soo statement.

Do you know that a junior worker in Alberta oil sand industry can easily earn over USD100,000 annually? With such an income what is the problem for them to pay the market price for petrol. But average Malaysian earning is about USD12,000, is it fair for us to pay the same price for petrol?

I known a lot factory workers n petty traders friends in Butterworth, Penang earning less than RM1,200 monthly. To take out extra RM100-RM200 for petrol is already a burden to their family, what about price increase in food, rental, school bus and other necessities that might easily cost them another extra RM300 in near future? How their family is going to survive? Their family will
be ruined because husband and wife is going to quarrel over money everyday, how can they have family happiness?

So, please don’t plan big and long term if a lot of families are going to suffer here and now. Feed them well and let them have a stable life with whatever resources we can find in Malaysia first before we move forwards.

By: Jack Daniels

Jack Daniels — Tue, 10 Jun 2008 10:59:15 +0000

When we talk of high tranport cost, I believe there are 2 major costs involved in transport cost;
a] fuel cost
b] vehicle cost (which include basic vehicle cost + custom duty, govt tax)

Since govt said our previous fuel cost compared with countries all over the world was cheap so govt raised it, I think it’s fair for rakyat to compare our car cost (especially our car custom duty) with countries all over the world.

That way it’ll be fair and govt must bring down our car custom duty since our custom duty for car/vehicle is the highest in the world and because of this our transport cost is so high.

I urge govt to cancel vehicle/car custom duty so car/vehicle cost is comparable with other countries around the world just like how govt compare our fuel cost with other countries.

By: lextcs

lextcs — Tue, 10 Jun 2008 08:01:48 +0000

Godfather, God bless you.

By: lakilompat

lakilompat — Tue, 10 Jun 2008 01:08:10 +0000

“Well, First things first, people living in Malaysia only have themselves to blame for the mess that they are in right now. Of course, the education system is the root of all problems but then again, shouldn’t the parents themselves teach their children how to think logically and have better analytical skills?”

Blame the goons dun blame the people, the people are innocent, they pay their due taxes.

Most successful people don’t rely on their parents, like Lim Goh Tong, Lee Ka Shing, Bill Gates, Michael Dell, Alan Greenspan, Bill Clinton, Barrack Obama, Hillary Clinton, Sir Elton John. The parents are there to feed u and ensure u r strong enuff to endure tomorrow challenge, the future rely in your own hand.

By: isahbiazhar

isahbiazhar — Mon, 09 Jun 2008 21:16:33 +0000

Abdullah is already thinking of saving himself after the close knit cronies had left or leaving .They had given the wrong advise.The world is an example.They wanted to enrich themselves but the ralyat realised and put a halt to it.Now he has to scratch his head and tell all his advisers to wear a different thinking cap.They have started and the result no more subsidies.I was told that the price of chicken will touch RM12a kilo but importred frozen ones will come to the rescue.So Abdullah will import good ideas soon and save the nation.Already he is thinking of withdrawing social welfare benefits and introduce food coupons so the lazy will work for the material.In this way the government will not allow anyone to go hungry.If you are in KL you can get free food from organisations which have indirect monetary support.It is a good move because some people are too old to work and the lazy will know that they cannot just live on food.They need the little bit of luxury.

By: cancan

cancan — Mon, 09 Jun 2008 13:49:13 +0000

When the clowns act,there is no laughter.

Link: http://www.kingsmary.blogspot.com/

By: raverus

raverus — Mon, 09 Jun 2008 08:27:51 +0000

Brilliant thoughts!

Wonder why the whole dodo-cabinet can only come out with half past six solutions. What a joke… behind the smoke screen there is a huge doubt of cronyism! Just too damn obvious!!!

By: lakilompat

lakilompat — Mon, 09 Jun 2008 08:22:00 +0000

No matter what happen, when 2molo come there are still people supporting the Barang Naik party, wat we can do just wait in Malaysia and died, wait for other the govt. to confiscate our wealth, wait for rising criminals to harm us, let to see our children starving and losing their future savings.

Nowadays, we have to save less for our childrens, what’s wrong with Malaysian children, why Singaporean children are richer, while Malaysian children have to suffer for the leader’s sin.

By: riversandlakes

riversandlakes — Mon, 09 Jun 2008 08:15:16 +0000

“Let us have a full-blown, trustworthy, independent ACA Department set up before talking about the Petroleum Trust Fund!”

I second that motion!

By: ahkok1982

ahkok1982 — Mon, 09 Jun 2008 07:52:26 +0000

Well, First things first, people living in Malaysia only have themselves to blame for the mess that they are in right now. Of course, the education system is the root of all problems but then again, shouldn’t the parents themselves teach their children how to think logically and have better analytical skills?
So right now we have a 40% increase in petrol and 60% increase in diesel. So what? I dont really see that many people out to protest on this issue. Sure there have been a handful of people out there holding banners and shouting slogans but then when you look closer, what is gained from such a move?
- Did the people in gov do anything? Ans: No
- More people spent on petrol to travel to places to protest

All in all, it is equivalent to nothing being done. The people living in Malaysia just accepts the fact that making a living becomes more difficult. Many people condemn AAB for saying “change your lifestyle” but then does exactly that.

So in the end, those who do nothing but just change your lifestyle as per the advise of AAB should just shut up and don’t complain. You did not do anything to change your condition so live with it.

By: wantonhead

wantonhead — Mon, 09 Jun 2008 07:27:58 +0000

And why not channel the funds for R&D into bio-fuel, bio diesel and the likes. The goment could do this ten years ago, but perhaps it would kill petronas in the way. Profit it what matters to them most … it is most obvious.

By: Bobster

Bobster — Mon, 09 Jun 2008 07:11:21 +0000

BN bukan lagi Barang Naik.

BN akan jadi Bankrupt Negara!

Negeri-negeri yang paling kaya ie Selangor and P.Pinang jatuh ke tangan pembangkang. BN kehilangan sumber kewangan. Justera ini, Petronas sekali lagi dirogol and hakikatnya rakyat menderita!

BN BOLEH!

By: yhsiew

yhsiew — Mon, 09 Jun 2008 07:02:44 +0000

The petrol rebate system of RM625 will not work because a guy can buy in 10 scrap cars at RM300 each, get every one of them registered and a tax disc. 12 months later the guy takes the 10 registration papers to a post office to get a rebate of RM6250.

Assuming the money spent on each tax disc is RM200 or RM2000 for 10 cars, he still can make a profit of RM6520 – (RM300 X 10) – RM2000, i.e. RM1520, or even more, if he dismantles the scrap cars and sells the parts to garages.

In the subsequent years, the guy will make a profit of (RM6520 – RM2000) or RM4520 annually (even though the cars no longer exist). Soon our petrol rebate system will become a means by which ordinary people make a quick buck!

By: rainbowseahorse

rainbowseahorse — Mon, 09 Jun 2008 07:01:10 +0000

At first, on the face of the sudden and drastic fuel raises, I thought that somebody closed to that Bodohwi gave him some very bad advices in order to hasten his departure as PM. A few days past and nothing BIG seem to be happening by way of that Bodohwi being ouster out .

Then I though and puzzled over that mystery, and another theory emerges which was reinforced by some reports and also by fellow bloggers. Someone must have screwed up badly in crude oil futures trading and the time for oil delivery is here and there is not enough money to make up for the shortfall. If that trader has sold Malaysian oil futures at closed to the USD100 mark, now with world crude oil trading at USD135, there is at least USD35 p/barrel shortfall to make up for. Haiyoh-yoh! That means RM113 for EVERY BARREL of oil promised for delivery NOW. 1 million barrel will mean RM113 million and RM1.13 billion for 10 million barrels. No wonder that Bodohwi has to hastily raise fuel prices from 40 to 63 percent! That someone MUST Have ONLY JUST informed him of the bad news. Remember that Diam when he played the world money market with our Malaysian foreign reserves?? He HELPED Malaysian LOST millions!

By: drngsc

drngsc — Mon, 09 Jun 2008 06:48:10 +0000

I share many of MBakri’s view, except that I think Mr Bakri forgot to mention that in Norway and in Canada, there is a rule of law and transparency in government. The citizens and government have the nation at heart. It is Negara first, not Bangsa.

By: Damocles

Damocles — Mon, 09 Jun 2008 06:40:22 +0000

There is nothing much that Malaysians can do but to hope that the PR will clobber the BN by Sept 16th.
Nothing else will do; especially empty promises from the BN.
Hopefully, once the PR is in power, it will put all those corrupt politicians, present & past, together with their beneficiaries on trial to recover all the ill gotten gains.
Also, let them cry all the way to jail instead of laughing all the way to the bank.

By: lbn

lbn — Mon, 09 Jun 2008 06:34:47 +0000

Don’t talk about setting up a fund now. There’re so many trust funds. One that I know is the Energy Trust Fund from the electricity providers. What is the point? Alot of money but not properly utilised. So don’t waste time! PR should put the pressure on BN to do up a comprehensive public transport and get it implemented soonest. Otherwise it’s just talk only!

By: cheng on soo

cheng on soo — Mon, 09 Jun 2008 06:04:30 +0000

Winners in this petrol hike,
a) the car rental co. each car get RM625 cash rebate, but actually, the petrol is pumped in by customers.
b), 2nd hand car dealers, suddenly, all want to pay 3rd party insurance & road tx, can get RM625 lah! still got net profit for small cars. (but may suffer drop in sales for 2nd hand big cars)
c) petrol kiosk owners, suddenly get extra 78 sen/litre for petrol in their underground tanks. RM19,500 if got 25,000 litres

By: HJ Angus

HJ Angus — Mon, 09 Jun 2008 06:04:27 +0000

In a perverse way, the sudden oil price hike may be a blessing in disguise.
It really focuses the thinking of most Malaysians that the government is now bankrupt of ideas.
Just imagine that – we are truly a blessed nation with so much natural and human resources and our BN government has squandered all that.

This oil shock could be the last nail in the BN coffin.
http://malaysiawatch3.blogspot.com/2008/06/opening-petronas-accounts-and-toll.html