Posted: 18 January 2007 at 9:54am | IP Logged

I say man....how do you think the government is going to pay for sending a tourist into space or build a new sporting complex in London or sponsor a new F1 car racing team?

Brother, someone has to pay for it. In pure economic terms petrol can be termed as a "superior" product i.e. no matter how expensive you also have to buy (maybe a bit less, or you buy less of something else but you still have to buy). Hahaha don't rob you at the browser, rob you where ah??  Legal highway robbery.  

Posted: 17 January 2007 at 8:35pm | IP Logged

Dear Johnny,

I have the same view as you.... and I have said so some time back in a right timing special article:  

http://arifin-rts.tripod.com/feedbackTheEDGE-13.htm,

and in a series of commentaries:

http://arifin-mysay.tripod.com/feedbackTheEDGE-14.htm and http://arifin-mysay.tripod.com/feedbackTheEDGE-16.htm

Hope we are both wrong... or else some more hardship shall befall on us all!

Why does the Govt refused the call of the people-in-the-streets to revise the petrol price at the pumps despite crude oil prices falling to near US$50 a barrel now? Give it a thought.... to me I presume the Govt is not convinced that global oil prices can't resume the 'stalled high levels'!

Posted: 16 January 2007 at 9:55pm | IP Logged

I do not know any news or any rumours about the crude oil, production cuts, etc. but I know that the crude oil will always be at high and will surpass USD60 per barrel by year end and all the way up to USD100 per barrel in 3 years time.  You must always remember crude oil is scarce commodity and the number population growing and products derived from petroleum are increasing.

Adios!!

Posted: 14 January 2007 at 4:31pm | IP Logged

Nik & others....

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• Friday, October 13, 2006—Venezuela's oil minister announces that OPEC's cut of 1 million barrels a day will begin in about six weeks.
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---------------------------------------------------------------------------------------------------------------------

My first comment:  I'm convinced the world has already factored in energy prices at US$60 a barrel.... beyond that cannot be sustainable, likewise closer to US$50 don't jive well with the supply-demand picture at all!

Secondly, the ethanol fuel story is now a big thing in the West.... and even the 6 Sisters may have to live with it!

Posted: 12 January 2007 at 12:57pm | IP Logged

arifin34 wrote: Yo there! Don't underestimate the wonderful nipah fruit... lest we forget it's that particular fruit that has saved someone drifted in the Indian Ocean for a week or so.... during that dreadful tsunami! And our great, great grandparents utilised the nipah fruit since the beginning of time (at least in this part of the world!).... I think the other tree that can be tapped is the sago palm. The Brasilians used sugar as the feedstock cos they have surplus of it. We should use CPO? I dunno, for as long as CPO prices trended upwards who wants to sacrifice the ffb for biodiesel? Just a thought...

Brother Ariffin, dublinohio and myself are not underestimating the 'nipah'. Our concern is something else - also quoting yours "our great granparents utilised the nipah fruit since the beginning of time" - which brings me to the following issue :

nikzafri wrote: I'm also watching this development seriously due to the fact that the source may have been taken from 'nipah'. And the 'nira' of the 'nipah' (can somebody translate these?) - have been; for years; currently linked to the villagers activity for making 'gula melaka', 'syrup', 'vinegar', 'preservatives' etc. I need to understand how would this development  not affecting the villagers economically. Although I understand that this could be an alternative source of income and more infrastructure may come in place as a result of plants being built, but my hopes would be that this conventional activity would somehow be maintained.

I also did mentioned about the previous biodiesel's problems which have been linked to 'unconstant supply', 'processing cost' including some parts for automobile may need to be turned into 'plastic'. Well, since this is not an oil field we're talking about but plantation, then probably in the long run, there could be similar productivity problems (inability to cope up with demand) may appear if fast action not taken (I'm currently doing some 'homework' on this matter)

My quick survey and observation to the new nipah ethanol plant have shown that the technology esp. plants/equipments/machinery have been 'borrowed' from foreign countries which I do hope that there will be some 'transfer of technology' going on.

Of course, am not against it but hopefully some 'hiccups' can be resolved or minimized.

Posted: 10 January 2007 at 11:19pm | IP Logged

Crude oil fall to USD55 per barrel.

Posted: 09 January 2007 at 9:58pm | IP Logged

well, m'sia is world's largest exporter for palm oil. Using part of it as biodiesel shouldn't be a problem.

Posted: 08 January 2007 at 9:49pm | IP Logged

Yo there!

Don't underestimate the wonderful nipah fruit... lest we forget it's that particular fruit that has saved someone drifted in the Indian Ocean for a week or so.... during that dreadful tsunami!

And our great, great grandparents utilised the nipah fruit since the beginning of time (at least in this part of the world!).... I think the other tree that can be tapped is the sago palm. The Brasilians used sugar as the feedstock cos they have surplus of it. We should use CPO? I dunno, for as long as CPO prices trended upwards who wants to sacrifice the ffb for biodiesel? Just a thought...