Here is today's news :
- Oil hovers on top of $ 79 after US crude supply jump
- SINGAPORE (AP) Oil hovered on top of $ 79 abarrelWednesday in Asia after a inform showed a surprise enlarge in U.S. crude supplies, suggesting demand stays weak.
- Benchmark oil for Aug delivery was down 12 cents during $ 79.24 a barrel
- Crude has fallen to nearby eight-month lows from $ 106 less than two months ago
- crude to shortly dump to as low as a mid-$ 60s.
- heating oil was down 0.1 cent during $ 2.57 per gallon whilst gasoline futures slid 1.1 cents during $ 2.51 per gallon.
So a oil cost is crashing all over a world.
Actually oil prices have been starting down for a little time. On June 7th a cost of RON97 was cut 10 sen per litre from RM2.90 down to RM2.80. But this is theorang kaya petrol.All a orang kaya were happy because a Gomen marked down a cost of costly RON 97 gas. So bila harga minyak dunia turun,Gomen bantu orang kaya dulu.
The cost of RON 95, theorang miskin petrolhas NOT been reduced. Why?Pasal apa Gomen nak bantu orang kaya dulu?Nak jaga untung Petronas saja.Bila nak bantu orang miskin? The bulk of motor fuel sold (by volume) has to be RON 95. It is a bad peoples' petrol.
Now a cost of oil is crashing all over a world. They have been now already predicting oil during USD60 per barrel.! Some an alysts say even USD50 per tub is possible this year.
This means it will be a distressing time for a oil attention as good as a oil as good as gas business. Folks say a cost of production of oil is now on top of USD45 per barrel. Even if oil hits USD60 per barrel, a complete oil attention is starting to suffer really, unequivocally thin margins. If oil cost hits USD50 per barrel, mampus lah O & G industry.
Anyway, a cost of oil is dropping, Can a Gomen greatfully reduce a cost of RON 95 as well. Ituorang miskin punya minyak. we have to fill my tank as good ok. Petronas sudah kaya.
Please pass a lower oil prices to us a consumers. Thank you.
Please pass a lower oil prices to us a consumers. Thank you.
Posted bySyed Akbar Ali
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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