This from our Prime Minister: (bold, my 2 cents take)
“Please trust us – we are your government. (Not for long we pray.)If you look at the economy, we are doing well. That is a fact proven by figures.(4th floor figures?)But people still claim otherwise because of increasing prices. (which will jettison after elections, unless BN is ousted).This is a very simplistic way of analysing the economy. (Simpleton's way or simplistic way?)
“Nobody is happy to see prices rising (Stop fibbing...Petronas oil barons, not happy?) but this is out of our control(so says you). The question is not how to bring down prices but how to help the rakyat cope. (with pre-election freebies ? Najib says 40,000 houses will be built....WILL BE....if BN wins?)
“Every country in the world is faced with rising oil prices except maybe
Anyway, here is some bedtime reading for the very hard working PM:
Prices of oil around the world (by litres and USD):
Norway (6.82); London (5.96); Rome (5.80); Brussels (6.16); Hong Kong (6.25); Japan(5.25); Brazil(4.42); Buenos Aires (2.03); Mexico City (2.22);Sydney (3.42); Johannesburg (3.39); New Delhi (3.71)......and here is the SHOCKER!!!!!
Let us do some simple calculation here. [below measurement is taken from internet metric converter, so no doubt on the figure given]
1 Barrel = 158.98756 Liters
1 Barrel = RM 217.62 (as at today, 1 barrel is USD62 & 1USD=RM3.51)
1 Liter = RM 1.36878
SHOULD ANYONE FEEL THAT THESE FIGURES ARE PLUCKED FROM THE BRIGHT MALAYSIAN SKY, I STAND CORRECTED.
BUT THE BIG QUESTION IS: WHO IS SUBSIDIZING WHOM?
Light, sweet crude for March delivery rose 40 cents to $95.90 a barrel in electronic trading on the New York Mercantile Exchange by midday in Europe.
The Nymex crude contract rose 4 cents Friday to settle at $95.50 a barrel after alternating frequently between positive and negative territory. Oil prices have risen more than $8 in little more than a week.