Comments on: World crude oil below US$78 a barrel – Najib should “burn midnight oil” to present lowered pricing for petrol on Monday

By: ahkok1982

ahkok1982 — Mon, 13 Oct 2008 10:31:57 +0000

what? only lower the price of petrol? talk about having low expectations… with nothing done now, i think most malaysians will lose their jobs and unemployment will be at an all time high. without jobs now, who cares about lower petrol prices.
the effect of higher petrol prices has taken effect. Higher food prices, higher, electricity prices, higher bus fares, higher train fares… you name it, it is more expensive now. If the price of petrol is cut down more, do you think that the prices of such things will also follow suit to go down? in your dreams!!!
a total overhaul is in place starting by cutting the head of the biggest leach in the country.

By: richard.wong8

richard.wong8 — Mon, 13 Oct 2008 05:50:49 +0000

When price of crude oil increased, so did Tenaga Nasional Bhd! I wonder if Tenaga Nasional Bhd will lower it’s price now since crude oil has come down.
Don’t dream……for Tenaga Nasional Bhd, what goes up, never come down. :(

By: Yee Siew Wah

Yee Siew Wah — Mon, 13 Oct 2008 04:56:05 +0000

The sleepy flipflop lame duck guy listened to his stupid bum in the Domestic trade and consumer dept to increase the pump price by 78 sen in TWENTY FOUR HOURS. He thought he did a “great” job.
Now the crude has dropped below $90. What is that stupid bum adviser going to do??. Pretending or trying to delay so that they can milk more money from the rakyat??.
This bum has shown his true colours after becoming a minister in charge of Trade and Consumers affairs. He iscan be best described as worst than a chameleon.

By: riversandlakes

riversandlakes — Mon, 13 Oct 2008 02:37:37 +0000

We are all waiting for petrol prices to drop. Hey, government, you hear that? Petronas is our cookie jar, not yours!

By: cinaindiamelayubersatu

cinaindiamelayubersatu — Sun, 12 Oct 2008 10:32:42 +0000

harga runcit C4 berapa hah ?

By: cinaindiamelayubersatu

cinaindiamelayubersatu — Sun, 12 Oct 2008 10:29:38 +0000

turun ? mana boleh turun !!! rugi lah aku : dolla bin umno

By: imranj78

imranj78 — Sun, 12 Oct 2008 08:55:01 +0000

bclee,
I will not lower myself to your level and start name calling as you have done. Lets keep this debate healthy and constructive shall we?

I disagree that ISA cannot be revised. Infact it can be improved to focus on matters that truly threathen national security such as terrorism. Loopholes should be plugged to prevent its misuse and allowable duration for detention before trial be firmly limited. Similarly, authorization on the use of ISA should not rest on only on the PM or the Home Minister. Keep an open mind, understand the true purpose of ISA and be constructive. You will find that ISA can be turned into an act that can co-exist with principles of human right and justice. Do you think the governments of US and UK would have followed through with similar acts if it serves no purpose for the safety of their nations?

By: Anti_NEP

Anti_NEP — Sun, 12 Oct 2008 08:45:05 +0000

Damage already done. No matter how much the petrol price is decreased now, the prices of consumer goods will not be lowered. Only businessmen are making more money now. The coffee shop increased a cup of coffee by 20sen when Bodohwi announced 41% jumped in petrol price will not lower the his coffee price even the petrol price is lowered.

Be End has screwed up the country’s economy!!!!!

By: bclee

bclee — Sun, 12 Oct 2008 07:12:27 +0000

“In my view, we still the ISA but in a revised form that strongly limits and curtails the duration of any detention without trial. “quote mranj78

what ? u still want to revised the so call ISA ha..a..lomak
how good you change it is still bad mah!
I think u also have a retarded mindset.

By: bystander

bystander — Sun, 12 Oct 2008 05:26:00 +0000

yeah, why is rpk charged under sedition act? why didnt najib sue him under civil? take him to court and forced him to produce evidence. be man enough to fight him in court rather than hiding and using police to do his dirty work. [deleted]

By: madmix

madmix — Sun, 12 Oct 2008 04:37:58 +0000

A few thing have happed lately: Aussie dollar is now RM 2.3 or so. So make sure price of milk products, wheat based products, beef come down accordingly. What about transport costs for goods which have been hiked 30%?

By: imranj78

imranj78 — Sun, 12 Oct 2008 04:35:58 +0000

bclee.
Did I mention anywhere that I strongly support ISA in its current form? No right? So your unsubstantiated claim that I am practising double standard is without any basis and totally slanderous. In my view, we still the ISA but in a revised form that strongly limits and curtails the duration of any detention without trial.

lakshy,
The method of calculating fuel pump prices is available in the open. I guess you want to be spoon fed with the formula? May I suggest you do some research through legitemate channels rather then making unsubstantiated claims on the use of `a secret formula’.

waterfrontcoolie,
Our subsidy mentality esp. on electricity and fuel makes it unattractive for any company to strongly invest in solar energy. Why invest in solar electricity when you can buy electricity from the grid at such subsidised prices? Similarly, who won’t ESSO, Shell etc invest in NGV? Because the subsidised NGV prices set by the government will make them loose their money. That’s why all fuel subsidies must go but it seems PR is more interested in getting votes rather then looking at the long term interest of the nation.

bongkk,
I am in the oil and gas industry as well but your claim that oil and gas firms budget their expenditures on only USD20/bbl crude price might be a true a decade ago, but it will no longer be realistic to maintain the same now.

By: johnboy

johnboy — Sun, 12 Oct 2008 04:34:46 +0000

YB,

I believe that the 2008 hike in the ELECTRICITY tariffs should also be reviewed.

We, Malaysians are so blessed compared to many Asian countries. Therefore, good governance is of paramount importance.

Most certainly, the PETROL pricing, ELECTRICITY tariffs and the recent 2009 BUDGET should be reviewed and revised – taking into account relevant considerations for the best position to be adopted for Malaysia and not to be based on political grounds.

By: bongkk

bongkk — Sun, 12 Oct 2008 03:43:03 +0000

When it comes to consumers prices msia is famous for “what goes up never comes down”. Bringing down the fuel price will benefit only vehicle owners temporarily. DOnt expect prices for consumer items to come down with it. But do expect consumer prices to go up when the next round of fuel price increase comes around. I am no economic expert. WHat the bloody gomen need to do is to set a base line of crude oil price to work on. I reckon US80 is a good value. This way pump price can be buffered and stabilised for longer periods, maybe needed to be revised every 2-3 years. This will also stabilise consumer prices as as well. Believe me, i work for the Oil and gas industry. I know the oil firms budget their expenditures on only US20.

By: wtf2

wtf2 — Sun, 12 Oct 2008 02:33:59 +0000

Would rather have LKS, AI, T and RPK in government then to be scorned by the whole world as having a mickey mouse government that’s in power right now.

Malaysia is a global joke courtesy of UMNO.

By: counsel888

counsel888 — Sun, 12 Oct 2008 02:24:25 +0000

World crude oil prices are not down for economic reasons. The oil party, the Redpublicans are on the nose and that requires some fast footwork. Oil will always be over $50 a barrell and will return to that benchmark sooner rather than later.

The US has one of the worlds largest reservees of oil. It is third largest in terms of its proven deposits much of which it strategically keeps in the ground whilst it continues to control production in places like Saudi Arabia and the Gulf excluding Iran.

In addition the US also owns or controls distribution of oil and its distribution routes worldwide. So if you want cheap oil make sure you don’t have a republican in the office.

Oil at $130 was a clever tool to force China to free up its foreign reserves which was seen as a threat to the west. They succeeded to a point. China is also one of the worlds largest consumers of oil not a net producer and it fell victim to that move.

When after coaxing it refused to free float the Yuan oil was used as a two pronged tool to attack its foreign reserves. The other being its holdings in US Treasuries. The financial system collapse in the US serrves the use of the second tool against China’s holdings of foreign reserves and a fixed Yuan.

Perhaps you should take a wider and more analytical view of the world. Otherwise you will have Lim Kit Siang, Anwar and Theresa in government with raja Petra Kamaruddin as foreign minister. Then you would really be in hell.

By: Bigjoe

Bigjoe — Sun, 12 Oct 2008 01:14:07 +0000

At this level of price, Malaysian are getting taxed for petrol. Welcome to semi-deregulated pricing. I have seen all sort of pricing schemes all over the world and semi-deregulation is probably the worst choice of all.

Mind you, I am not against taxes for gas use. We waste too much anyway. Our public transport is pathetic and its really not necessary. I am just against taxing transportation to fund cronies…

By: negarawan

negarawan — Sun, 12 Oct 2008 01:07:06 +0000

UMNO is bankrupt and needs the money desperately to pay debts. They will do everything possible to delay the reduction of petrol prices.

By: wizzerd

wizzerd — Sun, 12 Oct 2008 00:58:31 +0000

The Half Past Government will find every excuse in the book to keep petrol price at RM2.45. When it is at USD120, they said wait until it drops below USD100, then when it drops to USD90+, wait till it stabilises.
Now it is USD70+, what other excuses they have..?? I bet they will say wait till end of the month, it it goes up again..then yay..BN will rejoice..cos no need to bring the prices down…
The rakyat can only hope and hope ..there is nothing we can do…Bodohwi may want to launch another Commision, “Commission to Look at Lower Oil Prices” before he leaves.
What a stupid irresponsible govt.
UMNO elections are more important than national welfare

It sickens me to the core !!!!
Hell..what a way to start a Sunday morning

By: waterfrontcoolie

waterfrontcoolie — Sun, 12 Oct 2008 00:39:05 +0000

talking about high fuel prices, we must remember crude oil price will eventually go up; though through international market manipulations the price has been pushed up and down. The sad thing is our gomen’s reluctance to promote solar and wind power! I was told when Megaglomania was in power, UN had agreed to experiment the solar energy in Malaysia by jointly pay for half the cost of installation. This was not encouraged then because we were pushing for IPPs operations in the normal form.
With our sunshine all year round, we should be pioneering this resource of renewal energy!
With twisted objective in focus, the natural strength of the country is squandered for more expensive input to suit the objective of a group of cronies. Here we Malysians are pretty smart and generally rather blind, hence the repeat performances over the last 30 years! [The first 20 years were still reasonable]