a Malaysia for Malaysians

Enough of politicking , PM Abdullah no longer relevant to Malaysian.  If he implements all his promises it’s benefiting us or if he decided sweep under carpet then he accumulates his KARMA.

It’s time for serious Economic consideration. World oil price tumbled more than $4 to a one-year low on Friday as growing fears that financial market turmoil will squash demand for fuel outweighed the possibility of an OPEC production cut at an emergency meeting in November.

So , what’s holding you Shahrir ? Finding ways to maintain price with illogical theories? Exchange rate has nothing to do with domestics oil price. The Malaysian Oil is produced in Ringgit and it’s sold in Ringgit.

No need to wait till end of the month . Why never wait when increasing prices?  The price expected to drop to next resistant of US$80/barrel and if Demand still sluggish it may touch US$75/barrel soon. OPEC too targeting US$80/barrel as stabilization level.

Government can easily drop the price back to RM1.92/litre now . At least consider this as gift by outgoing Prime Minister to Rakyat.