Oil Price Hike

As we, football lovers waiting for the Euro to start, our Government gave a nationwide shock. A sudden oil price hike from 1.92 to 2.70. Haha. Bagus. Another brilliant move. Well, we all know that price for crude oil already increased to a whopping usd100++, and the subsidy are better used for another purpose that will 'benefit' the people. Ceh!

But why the sudden move? And why the flip flop decision of banning the foreign car from purchasing local petrol & diesel. This price hike might resorted people to opt the public transportation but look at our public transportation quality. Pity. Then, I read that public transportation companies are warned not to increase their charges, but with the whopping increment of petrol & diesel how can the company barely survive. The are running a business not a Pusat Kebajikan Masyarakat. I am not writing to blame anyone, but better to take brilliant measures with the 'people' in focus.

Talking about the world crude oil price. Few weeks ago, I read a newspaper column that discuss about crude oil price. Early 2008, Bush made a visit to the Arabic nation, mainly to discuss how to control the increasing oil price & put a ceilling price for it. But then, OPEC refused to succumb to the US president. After that OPEC (mostly Islamic country) celebrate the victory, that they will not fall to US pressure & request. Ceh. Is it really a winning situation? The excuse they gave, a sudden increase of oil consumption mainly from Asia (China, India). Without any big increase in cost operation, the oil supply country must be making big profit. But for Malaysia, our oil will be running out on 2014. Less than 10 years. Our country have been depending on Petronas heavily (subsidy, etc.), but then what will happen after 2014? Have we prepared for the outcome? Are the government prepared? Have Petronas study thoroughly their business? Ahh...let them to decide.

Back to reality. Euro already start. Spain, Portugal & Holland have shown what they are capable of. Especially Holland. For me, just get back. Went to a wedding reception in Segamat. Spend a nice weekend in Malacca with my wife. Now sat in front of the idiot box cheering for Spain.

End.