How far it will Go
Oil price looking pretty settled at $126 a barrel having reached as high in recent days as $128, what is the government estimate the future oil price to be?
Apparently, someone is sleeping at the wheel, please wake up the guy, we got a problem here. Please do something !!!
The official energy gurus made oil price projections based on three scenarios of low, central and high prices which reflect uncertainty over the outturn of future prices. The low prices scenario assumes a level oil price of 25$ per bbl throughout the projection period (2010 – 2020), a central scenario assumes $57/bbl in 2010, $50/bbl in 2015 and $52.5/bbl in 2020 and in the high price scenario where oil is $70/bbl in 2010 increasing to $80/bbl by 2020.
But we are already at RM 126 in May 2008, and climbing
4 comments:
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Assalamuaalaikum Tok hasmi. Blog machina dulu tu apa jadi? cuba teka sapa aku :)
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Yo Hasmi,
Everyday now oil price hit new record. What we Malaysians are interetsed in is how high must it go before our Govt cannot subside fuel price any longer? What is the straw price that will break the Govt's neck? When they can't subside anymore, fuel price at the pump will rise, food price will rise even more, cost of living will over the roof, anger will boil and Govts must come down! Scary? Not necessarily. It's what some people has been waiting.
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I believe those in power is about to push the panic button. Lately you hear the hoo haas on tv3 (the mouth piece of the power that be) everynight about plans being proposed on ways to address the escalating oil price without burdening the poor. Who are they kidding? Since when they "really" care about the poor.