Petrol And Diesel Below MR1.50 A Litre ?

Hantu Laut

In my post 'Where Crude Oil Heading For' I predicted the price of crude would fall below US$50 per barrel.The likelihood of it going below that level look more and more realistic now.The huge stockpile in the US helped to drive price down.OPEC's production cut have not helped to stabilise price.The cut of 2 million barrel a day since September had no effect on keeping price sliding further down. The group are calling for further cuts.

India and China would require less need for energy as their economies begin to slow down in the next few months.Japan, one of the largest economy in the world is in a recession.The US,Europe ( the largest in the world) and most other countries are already in a recession.Only Malaysia and most third world countries are not ?

The current US crude price stand at US$53.90.The London Brent closed nearer the $50 mark at US$51.84 a barrel.Unusually cheaper than WTI ( West Texas Intermediate) which used to get around $1.00 to $2.00 higher than Brent.WTI is sweeter than Brent with lower sulphur content hence the higher price.

In 1998 the average price for crude was about US$12.00 a barrel and 4 years ago the average price was about US$38.00 a barrel.The price peaked at $147 few months back not so much due to supply and demand but more due to speculations by nasty speculators.

Middle East producers which have lower production costs may be able to sustain such low prices but new oilfields and those in deep waters may lose money due to higher production costs.

Those in Petronas may not be the happiest people now if they don't have huge forward contracts. If they didn't have any than production cut should be an option to cut down losses.

Malaysian motorists should be happy soon if the government continued to pass on the cheaper price.If price falls below US$50 a barrel than the price of petrol and diesel can posssibly be adjusted to as low as RM1.50 a litre.

Before 1990 the price of petrol was RM0.89 a litre.The drastic increase was this year when crude price shot up to as high as US$ 147 a barrel.At least for the next few months Malaysians should be happy with cheaper fuel and falling prices of other consumer goods.

Farmers must be the dumbest people. At least in Sabah they are.The prices of green had gone up about two weeks ago when most other items are falling.

The price of crude may pick up again during the 1st or 2nd Quarter of next year if the global economy do not slide further down and those greedy hedge funds stopped screwing the world's financial markets again.

The Malays Need Honest And Sincere Leaders Not NEP

Hantu Laut

My fellow blogger Jed Yoong asked me do I think the Malays still need the NEP.My answer is no. I don't think they need the NEP and I don't think the NEP are meant for the Malays.The NEP are there only to expedite wealth for politicians,their relatives and friends.

If giving huge contracts to relatives and friends to make easy money are part of the NEP than I think the NEP is a disgrace to the Malays and many ordinary Malays are ashamed that their race are being used to benefits a small group of power hungry and greedy politicians.

After more than 50 years of independence and over 30 years of the NEP it would be shameful to admit that we Malays have still not learned to walk properly to better ourselves in business and other endeavours and have to depend on crutches provided by the government.Those crutches are made exclusively for the use of UMNO and its lapdogs, other Malays are just like the non-Malays, with the exception of priority and privileges given on education and the civil service, have no use of the NEP.

There are many capable Malays who were just unfortunate to be born on the wrong side of the track and not been able to prove themselves.These are Malays who are not in UMNO and, therefore, didn't get the chance to prove it to the world that they are just as good if not better than the non-Malays or the Malays in UMNO.

Unless you are politically connected, getting a government contract is next to impossible.Even if you are a good Malay businessman but do not know how to oil the cogwheels you can wait till kingdom come to get any government job.Only the sycophants,cocksuckers and ball carriers will get what they wanted.It is who you know not what you know.The only expertise you need to know in this business is how to sell your contract to a China man to make that quick profit.If you know some politicians and do not know how to ride the gravy train with him than they would call you stupid.That's what some of my friends and relatives told me.You must use your politician friends to make money.

Even more disgusting are those who made money in this most appalling of ways and think of it as being smart.They can't discern between smartness and craftiness.That's how smart they are.You just have to take a look at the huge mansions and expensive cars of this 'cepat di masak sedap dimakan' instant riches.Some were stupid enough to show off their instant wealth and ill gotten gains by building their huge mansions in the petit bourgeois community and bear the resentment of the hoi polloi. Jack and the Beanstalk would be full of envy for these people.At least Jack had to climb the gigantic beanstalk to steal the giant's treasure and risked getting killed.

The biggest recipients of the NEP would be through nepotism and chronic crony culture.Many government linked companies were privatised and given to cronies on the platter.One shining bright example of where the NEP failed miserably was MAS.The company was given to Tajuddin Ramli to own controlling interest and management at over sweetened price.Within few years he successfully screwed up the company and brought it to the brink of bankruptcy.The government had to rescue MAS and paid him above market price for the shares and took back the company and injected fresh capital to save it from crashing to the ground.Than there were people like Amin Shah who screwed up the Lumut Naval Base and naval vessels contract to the tune of a few billion and abandoned the project.No legal or criminal actions were taken against him for this very expensive blunder that cost the government billion of ringgit.

There are many others like them who had become rich at the expense of taxpayer's money.Are these people true entrepreneurs or they are more suitable to run kedai runchit ?True entrepreneur starts from nothing and built his business empire from the ground up.Is this the kind of NEP the government wanted to perpetuate? Manufactured entrepreneurs with no business acumen that destroy more than they can build.

Another even more strange phenomenon and most noticeable are the business successes of almost all of the male offspring of former and current prime ministers of the country, from the late Tun Razak to Abdullah Ahmad Badawi.They all seem to have their own businesses listed on the KLSE or in private holdings.It must be a miraculous coincident that most of them are such good entrepreneurs.

When the late Tun Razak mooted the idea of the NEP he had the noble intention of helping the Malays to improve and be at par with the other races in the country, never in his wildest dream he intented it for amassing wealth.

You don't need the NEP to help poor Malays.What you need are honest, sincere and dedicated leaders.

With the new regime soon to take over let's hope things will change.

Di-antara Chameleon dan Biawak ?

Hantu Laut

The Malay would say "Cakap Tak Serupa Bikin"(Not doing what you preach) or "Lidah Bercabang Bagai Biawak"(Forged tongue like an iguana).

Now, the great Anwar Ibrahim is changing his tune back to ketuanan Melayu(Malay supremacy),Islam as the official religion and Bahasa Melayu as the national and official language and not to question those that have been agreed and laid down in the Federal Constitution.He claimed all components in his Pakatan Rakyat have agreed to this sudden change of direction.

Aren't they the same as what UMNO and the BN have been practicing all along. Now, what have happened to his 'ketuanan rakyat',dismantling of the NEP, fair and equitable distributions of the nation wealth to all irrespective of race,colour and creed.


Isn't he true to his colour, the chameleon that many who knew him well have said before.Can you trust him and his band of desperadoes to govern and govern fairly when they can't even have a consistent ideology.

We have heard one lie after another and listen to his fairy tales from time to time.

Give him enough rope he will hang himself.

A Squint-Eye Environmentalist

Hantu Laut

In Malaysia some people took pride in calling themselves environmentalists and object to anything and everything they perceived can cause grievous hurt to mother earth.Some joined environmental organisation because it has become fashionable to do so.Than there are those who are mad enough to risk their lives to pursue their ideals.

The extreme end of the spectrum are those highly glorified kamikaze environmental warriors of Green Peace.If you have nothing better to do and think mother earth is going to die soon because of human folly than you can join the Green Peace and chase Japanese whaling ships all over the world's oceans.These are the true warriors of mother earth.

If you are a lazy environmentalist like me than you can just sit on your arse and do nothing.If you are lazy,ignorant and with some degree of stupidity and need some publicity to promote yourself than go to your nearest news hungry reporter and spill your guts out on how some destructive force is out to kill our dear beloved mother earth without first checking your facts.

If you are really stupid and ignorant, just stay that way and you wouldn't become a prick and used by someone to make noise and object to any project under the guise of protecting the environment.

When come to the environment Sabahans are probably the most conscious among all Malaysians but they are also the most confused.

For the past two years the question still lingers whether Sabah should have a coal-fired power station or not.In spite of the fact that the state suffers frequent power breakdown due to acute shortage of power generation there were still strong objections from environmentalists and majority of the population when the government first announced the project to be sited near Lahad Datu.The location has now been moved to Sandakan and the people stood their ground and insisted not to have it.They would rather live in darkness than face the prospect of living in a polluted environment.

Gone were the days when coal were mined in Newcastle and we often see the ugly faces of coalminers in newspapers and magazines that scares the shit out of us how shitty coal was.Today's technology had made using coal more friendly to the environment.It may not be 100% pollution free but are much better than 50-60 years ago.It is also an alternative source of cheaper fuel for power generation if other sources are not available or too expensive.

A new voice of disapproval against another project has risen, more out of commercial consideration, rather than care of the environment.This time it is the proposed resort development on waters of Mabul Island.

The President of SEPA(Sabah Environment Protection Association) Wong Tack asked if the resort development was necessary because one could easily see fishes swimming in the clear Mabul waters.He went to say "How can approval be given to such a massive project before the terms of the EIA are known?”

Obviously, Mr Wong had been used by existing resort operators to voice their unhappiness under the pretext of caring for the environment.It has been proven that where there are proper environmental friendly resort built over waters the reef takes on a new dimension under natural regeneration because all resort operators won't allow any fishing or fish bombing anywhere near the resorts.









My Wong should visit Lankayan,Kapalai,Sipadan Water Village and see for himself that he was wrong.There are more marine live now than before those resorts were built. The coral have grown back attracting more marine creatures.If he can't afford to visit those islands than he can go to Gayana on Gaya Island which probably is the nearest to him if he lives in Kota Kinabalu.

If you have visited Mabul ten years ago you be utterly shocked to see that every bit of coral surrounding the island are dead and broken due to constant fish bombing.Fish bombing are still being carried out in outlaying reefs.The fishes swimming in the waters of Mabul that Mr Wong saw are the results of the many resorts on the island's waters.

Kapalai which was completely built over a reef isolated from the main land is another example of a properly planned resort with no discharge of sewers into the sea.The sewers go to a treatment plant on the resort itself.The waste water are used to water plants in the resort.The reefs are teeming with all kind of marine creatures.

Well, the next time you feel you need to go and object to something and before you embarrass yourself go and do your homework first and make sure people don't use you to further their own business and political agenda.

The people of Mabul are quite happy to welcome more development on the island that can provide more jobs for them and their children.

Guess which politician stir up the villagers of Mabul with his crap story of the people losing their land to outsiders? Read the story here.