New PETROL PRICE! RM2.70/litre

[wmp6983]

kerajaan kerah duit rakyat..
Open bicycle shop more profit la..huahuahua

 

[aku_sangap]

LOL no bro

Water has virtually no molecular/chemical energy.



Petrol has the second highest energy density (which means.. 1 Litre of petrol contains soooo much energy that can drive the whole car to 10km+ distance)


For water, you need the entire sea to do that



To use hydrogen gas also, you need to attach a gas tank twice bigger than the car itself.



The only hope in the future is nuclear :)


Nuclear has the highest energy density (Small sample can release huge-ass amount of energy. You can drive almost forever)

waa....car running on nuclear power...scary wei..once accident..aiyoo!!..haha..

 

[TitanRev]

I also hope that 1 day our car can be powered by nuclear power just like those US subs. They only need to refill for 15 years or so..if i'm not wrong...
but now we still don't have the technology to come up with a small reactor which can be fitted in to the engine. Nuclear reactor is complicated. You need to have the reactor itself and other stuff like cooling for the reactor and the reactor core....fuh~~~complicated...

 

[joethurr]

So the demonstrations going to start again?? KLCC tomorrow? Whats going on?

 

[nitrus]

F*ck people who voted BN in the past election...

Sabah, Sarawak....and all

Tu la pasal.. LOL. Now see they regret or not?

Current Government know they are going down already. So why not make everything go their way (at the expense of the nation) first before they go down fully the next election?

 

[BlackSamurai]

waa....car running on nuclear power...scary wei..once accident..aiyoo!!..haha..

once accident, you will see nuclear mushroom cloud.

judging from few hundred accidents happen in malaysia, you will see this very frequent.

"Bohhhhhh"..... "Chooooooo"....

 

[BlackSamurai]

I also hope that 1 day our car can be powered by nuclear power just like those US subs. They only need to refill for 15 years or so..if i'm not wrong...
but now we still don't have the technology to come up with a small reactor which can be fitted in to the engine. Nuclear reactor is complicated. You need to have the reactor itself and other stuff like cooling for the reactor and the reactor core....fuh~~~complicated...

Titan, normal nuclear powered sub can run for 30 years on the sea without refueling.

 

[prolog]

once accident, you will see nuclear mushroom cloud.

judging from few hundred accidents happen in malaysia, you will see this very frequent.

"Bohhhhhh"..... "Chooooooo"....

Sorry pal,

There's a thing called critical mass (which is 15Kg for Uranium-233).
Below the critical mass, it cannot sustain a chain reaction. On other words, 1Kg (which is below the critical mass) of Uranium-233 cannot cause nuclear explosion.

It's perfectly safe

http://en.wikipedia.org/wiki/Critical_mass

The only concern is the difficulty in constructing a small nuclear chamber and getting rid of the waste products (which are also radioactive)

 

[RERider]

From Tun's Blog

Thursday, June 5, 2008

Oil Price


(VERSI BAHASA MALAYSIA AKAN MENYUSUL)

The price of crude oil has increased by 400 percent in the last three years. It follows that the price of products must increase, sooner or later. In other countries petrol prices had already increased. In the United Kingdom one litre of petrol sells for more than one pound sterling or RM7. In the United States it is about RM5.

That the price in neighbouring countries has gone up is shown by the rush to fill up by Thai and to a lesser extent Singapore vehicles.

The Government has now announced an increase in petrol price by 78 sen to RM2.70 per litre, an increase of more than 40 per cent.

I may be mistaken but there seems to be less vehicles on the road today. But obviously that is not all that will happen. All other consumer goods, services and luxury goods would increase in price.

The cost of living must go up. Put another way there will be inflation and the standard of living will go down.

Obviously our increase in petrol price is far less than in the United Kingdom or the United States. But our per capita income is about one-third of theirs. In purchasing power terms our increase is more than in the UK or the US.

The increase hurts but the pain is greater not just because of the increase percentage-wise is higher than in developed countries but because of the manner the increase is made.

A few days ago the Government decided to ban sale of petrol to foreign cars. It flipped. Now foreign cars can buy again. Flopped.

Knowing that in a few days it was going to raise the price and foreigners would be allowed to buy, why cannot the Government just wait instead of banning and unbanning.

But be that as it may what could the Government have done to lessen the burden on the people that results from the increase in petrol price.

In the first place the Government should not have floated the Ringgit. A floating rate creates uncertainties and we cannot gain anything from the strengthened Ringgit. Certainly the people have not exprienced any increase in their purchasing power because of the appreciation in the exchange rate between the US Dollar and the Ringgit.

Actually the Ringgit has increased by about 80 sen (from RM3.80 to RM3.08 to 1 US Dollar) per US Dollar, i.e. by more than 20 per cent. Had the Government retained the fixed rate system and increased the value of the Ringgit, say 10 per cent at a time, the cost of imports, in Ringgit terms can be monitored and reduced by 10 per cent. At 20 per cent appreciation the cost of imports should decrease by 20 per cent. But we know the prices of imported goods or services have not decreased at all. This means we are paying 20 per cent higher for our imports including the raw material and components for our industries.

Since oil prices are fixed in US Dollar, the increase in US Dollar prices of oil should also be mitigated by 20 per cent in Malaysian Ringgit.

But the Government wants to please the International Monetary Fund and the World Bank and decided to float the Ringgit. As a result the strengthening of the Ringgit merely increased our cost of exports without giving our people the benefit of lower cost of imports.

This is not wisdom after the event. I had actually told a Government Minister not to float the Ringgit three years ago. But of course I am not an expert, certainly I know little about the international financial regimes.

I believe the people expect the increase of petrol price. But what they are angry about is the quantum and the suddenness. The Prime Minister was hinting at August but suddenly it came two months earlier, just after the ban on sale of petrol to foreigners.

If the increase had been more gradual, the people would not feel it so much. But of course this means that the Government would have to subsidise, though to a decreasing extent.

Can the Government subsidise? I am the “adviser†to Petronas but I know very little about it beyond what is published in its accounts. What I do know may not be very accurate but should be sufficient for me to draw certain conclusions.

Roughly Malaysia produces 650,000 barrels of crude per day. We consume 400,000 barrels leaving 250,000 barrels to be exported.

Three years ago the selling price of crude was about USD30 per barrel. Today it is USD130 – an increase of USD100. There is hardly any increase in the production cost so that the extra USD100 can be considered as pure profit.

Our 250,000 barrels of export should earn us 250,000 x 100 x 365 x 3 = RM27,375,000,000 (twenty seven billion Ringgit).

But Petronas made a profit of well over RM70 billion, all of which belong to the Government.

By all accounts the Government is flushed with money.


But besides petrol the prices of palm oil, rubber and tin have also increased by about 400 per cent. Plantation companies and banks now earn as much as RM3 billion in profits each. Taxes paid by them must have also increased greatly.

I feel sure that maintaining the subsidy and gradually decreasing it would not hurt the Government finances.

In the medium term ways and means must be found to reduce wasteful consumption and increase income. We may not be able to fix the minimum wage at a high level but certainly we can improve the minimum wage.

Actually our wages are high compared to some of our neighbours. The investors who come here are attracted not by cheap labour but by other factors, among which is the attitude of the Government towards the business community and the investors in particular.

From what I hear business friendliness is wanting in the present Government – so much so that even Malaysians are investing in other countries. There are rumblings about political affiliations influencing decisions. Generally Government politicians are said to be arrogant.

Malaysia is short of manpower. The labour intensive industries are not benefiting Malaysians. Foreign workers are remitting huge sums of money home.

The industrial policy must change so that high tech is promoted in order to give Malaysians higher wages to cope with rising costs of living.

The world is facing economic turmoil due to the depreciation of the US Dollar, the sub-prime loan crisis, rising oil and raw material prices, food shortages and the continued activities of the greedy hedge funds. The possibility of a US recession is real. In a way the US is already in recession. The world economy will be dragged down by it.

Malaysia will be affected by all these problems. I wonder whether the Government is prepared for this.

We cannot avoid all the negative effects but there must be ways to mitigate against them and to lessen the burden that must be borne by all Malaysians. I am sure the Government will not just pass all these problems to the people as the review of oil prices every month seem to suggest.

Posted by Dr. Mahathir Mohamad at 12:56 PM

Where does my tax money go to?

 

[Cow]

RERider: sending monkeys into space...LOL!!!

 

[normality78]

worse.... now they wanna buy the shuttle that carry e monkey

 

[jedi]

NGV conversion gogo!

I do agree with you, time for NGV

since the government say rebate of RM625.00/car, then i plan to buy a 2nd hand kancil 1995yr and modify it to run NGV. So I have 2 cars and I can get rebate of RM1250.00
Kancil running on NGV might cost me RM3/day, means RM100+/-per month. where my fuel consumption per month as per new price will be roughly RM600. So I can save up to RM500/month, means its RM6,000 per year!!!

 

[mengz]

Where does my tax money go to?

Mongolia!!!

 

[Grixism]

Mongolia!!!

agree..

or a beautiful mongols?

 

[Northiswara]

RERider: sending monkeys into space...LOL!!!

soon they send another one to bancuh teh tarik in the space. soon...........
then it would remind u that the suit that the angkasawan is wearing actually contain your tax $$ inside.

 

[Cow]

i think we can give Ethanol a try

 

[shah5755]

that's y dr. M owez get angry with pak lah lor.....now we really can c how did pak lah handle our country...for him the increment for fuel price doesn't bother him at all ma.........

 

[yyap2]

well... u all know all price increase... criminal will increase.. so better keep ur car save... i can confirm tis will made moe ppl do in crime.... if caught also better stay jail no need pay... got food eat.. kaka...

wat i do today wit my coll fren.. walk pass every car and c who pump full tank.. 8/10 all pumped full!!~~~ Will there b Gang curi petrol? kaka.... funny... but wat it is true?

 

[Civic-R]

I TRIPLE FU*K thos who vote for BN in the last election. Half of the nation ady woke up. Don't know y ther is still ppl vote for BN :damnmate:

 

[ACQ2305]

F*ck people who voted BN in the past election...

Sabah, Sarawak....and all

ok,BN did win alot in Sarawak n Sabah.. But,it is our MONEY that u ppl use 2 develop most of WM!!!!!!!!
its not im happy abt d increase,n im not with BN....