Desi has heard the Government's rationalisation of having to cut the subsidies element in many utilities to "explain away" the rising costs of living encountered by the people. The Rakay is being told ONLY HALF THE STORY as far as our nation's rcihest oil resource -- petroleum and its related product, gas -- is concerned.
First, PM Najib Razak uged the people to tighten their belt. His prosperous wife Datin Rosmah Mansor chirps in with similar motherly-sounding appeals, but we all all it's crab -- she's given a budget of RM110million to run a programme named Permata for socalled "young giftted children", and she runs up huge travelling bills representing Malaysia overseas as if she held the Foreign Minister's portfolio. And continuong to justify prestigious sounding programmes selling her First Lady status as if she has special IQ to offer other countries ladies of similar status BUT NOT BRAGGING IT!
This is pulling "wool over the people's eyes" -- and the Deputy Finance Minister Dr Awang is joining in the chorus of government's lamenters, but doing doing much to help the suffering Rakyat.
From The Star Online, viz:
*
Saturday May 21, 2011
Awang: Support move to reduce subsidy
BACHOK: Deputy Finance Minister Senator Datuk Dr Awang Adek Hussin has urged the people to support the Government in its initiative to reduce mounting subsidy bills, which had shot up from RM10.3bil last year to RM20.58bil this year.
He added that the Government would conduct a detailed study to ensure that any move to review the subsidy would not burden the poor.
Speaking to reporters after meeting residents of Kampung Telong here yesterday, he said the results would be announced once feedback had been received from agencies conducting the study.
He was commenting on fears, especially in the rural areas, of rising costs following the possibility of subsidy revision which includes the subsidy for RON95 petrol.
Deputy Prime Minister Tan Sri Muhyiddin Yassin had previously said RM18bil of this year’s subsidy was petroleum related compared to RM8bil last year.
“The increase is too steep ... no country would be willing to shoulder such a burden,” Awang Adek said. — Bernama
DESIDERATA: Every time PETRONAS -- the company supposedly to hold the nation's resource IN TRUST for the Rakyat -- announced its annual revenues and profits, it has been an uptrending line for the past five years since this Blog started tomonitor the figures. BUT DID/DO THE RAKYAT SEE ANY BENEFITS ACCRUING FROM "OUR" NATION'S RESOURCE?
NO! You know why?
Every time the world oil prices goes up, the BN government keeps harping on the "subsidy" element on the imported oil which we use, then justify a subsidy cut to justify the prices AT THE PUMP BEING RAISED>
Desi has been lamenting every year that the BN government is plainly BULL-SHITTING US justifying the subsidy cut, hence followed by pump price rise.
The OTHER HALF of the story NOT TOLD, but quite lone-voice Desi hear pushing till his voiz goes hoarse -- like the desert sun is burting me through the skin! -- si that whatever the subsidy element, say x, that is reduced, PETRONAS GETS A REVENUE, and PROFIT INCREASE!, say Y, where Y IS GREATER THAN x.
If fact, Desi stands corrected by recalling that a Reuters report he once read that for every USD1 rise for a barrel of oil, Malaysia stood to gain like USD1billion or is it 2 BILLION USD! ( searched my email and blog archives, could NOT retrieve these numbers -- any one out there who can help me, please put in under COMMENTS, please! Endless rounds of oil -- oops, tehtarik! -- on Desi for the favour.
That's the reality of world oil price increase -- NegaraKu is a NET GAINER, You know WHY?
Because as I keep drumming into the Finance Minister and Deputy Finance Ministers' heads that MALAYSIA IS A NET PRODUCER AND NET EXPORTER OF PETROLEUM.
Furthermore, our OIL EXPORTS ARE OF A HIGHER GRADE THAN OIL IMPORTS -- hence they call it sweets, not for no reason! -- AND HENCE COMMAND A PREMIUM PRICE.
So everything being equal, every time there is a world oil price increase,we should be given a REDUCTION in pump oil price...
I remind our ER that Opposition Leader Anwar Ibrahim in fact promised during the GE12 campaign that BARISAN RAKYAT, SHOULD IT BE ELECTED AT THE FEDERAL GOVERNMENT LEVEL, WOULD REDUCE THE OIL PPRICES AT THE PUMP THE DAY AFTER TAKING OVER FROM THE BN GOVERNMENT.
He reiterated the same [romise when campiging at the recent SARAWAK STATE ELECTION>
Anwar knows what he can, or cannot deliver, BECAUSE AS A FORMER DPM and FINANCE MINISTER< HE KNOWS THE REAL SITUATION AT PETRONAS. The current BN government is hiding the real story from the Rakyat!
I will end with a prayer of desperation...
O'Mighty God, How much loner can we tolerate these BN ministerial liars and their wives and their lackeys?
Protect our nation's natural riches, Save us from daylight, and midnight, robbers!
AMEN/AMIN
First, PM Najib Razak uged the people to tighten their belt. His prosperous wife Datin Rosmah Mansor chirps in with similar motherly-sounding appeals, but we all all it's crab -- she's given a budget of RM110million to run a programme named Permata for socalled "young giftted children", and she runs up huge travelling bills representing Malaysia overseas as if she held the Foreign Minister's portfolio. And continuong to justify prestigious sounding programmes selling her First Lady status as if she has special IQ to offer other countries ladies of similar status BUT NOT BRAGGING IT!
This is pulling "wool over the people's eyes" -- and the Deputy Finance Minister Dr Awang is joining in the chorus of government's lamenters, but doing doing much to help the suffering Rakyat.
From The Star Online, viz:
*
Saturday May 21, 2011
Awang: Support move to reduce subsidy
BACHOK: Deputy Finance Minister Senator Datuk Dr Awang Adek Hussin has urged the people to support the Government in its initiative to reduce mounting subsidy bills, which had shot up from RM10.3bil last year to RM20.58bil this year.
He added that the Government would conduct a detailed study to ensure that any move to review the subsidy would not burden the poor.
Speaking to reporters after meeting residents of Kampung Telong here yesterday, he said the results would be announced once feedback had been received from agencies conducting the study.
He was commenting on fears, especially in the rural areas, of rising costs following the possibility of subsidy revision which includes the subsidy for RON95 petrol.
Deputy Prime Minister Tan Sri Muhyiddin Yassin had previously said RM18bil of this year’s subsidy was petroleum related compared to RM8bil last year.
“The increase is too steep ... no country would be willing to shoulder such a burden,” Awang Adek said. — Bernama
DESIDERATA: Every time PETRONAS -- the company supposedly to hold the nation's resource IN TRUST for the Rakyat -- announced its annual revenues and profits, it has been an uptrending line for the past five years since this Blog started tomonitor the figures. BUT DID/DO THE RAKYAT SEE ANY BENEFITS ACCRUING FROM "OUR" NATION'S RESOURCE?
NO! You know why?
Every time the world oil prices goes up, the BN government keeps harping on the "subsidy" element on the imported oil which we use, then justify a subsidy cut to justify the prices AT THE PUMP BEING RAISED>
Desi has been lamenting every year that the BN government is plainly BULL-SHITTING US justifying the subsidy cut, hence followed by pump price rise.
The OTHER HALF of the story NOT TOLD, but quite lone-voice Desi hear pushing till his voiz goes hoarse -- like the desert sun is burting me through the skin! -- si that whatever the subsidy element, say x, that is reduced, PETRONAS GETS A REVENUE, and PROFIT INCREASE!, say Y, where Y IS GREATER THAN x.
If fact, Desi stands corrected by recalling that a Reuters report he once read that for every USD1 rise for a barrel of oil, Malaysia stood to gain like USD1billion or is it 2 BILLION USD! ( searched my email and blog archives, could NOT retrieve these numbers -- any one out there who can help me, please put in under COMMENTS, please! Endless rounds of oil -- oops, tehtarik! -- on Desi for the favour.
That's the reality of world oil price increase -- NegaraKu is a NET GAINER, You know WHY?
Because as I keep drumming into the Finance Minister and Deputy Finance Ministers' heads that MALAYSIA IS A NET PRODUCER AND NET EXPORTER OF PETROLEUM.
Furthermore, our OIL EXPORTS ARE OF A HIGHER GRADE THAN OIL IMPORTS -- hence they call it sweets, not for no reason! -- AND HENCE COMMAND A PREMIUM PRICE.
So everything being equal, every time there is a world oil price increase,we should be given a REDUCTION in pump oil price...
I remind our ER that Opposition Leader Anwar Ibrahim in fact promised during the GE12 campaign that BARISAN RAKYAT, SHOULD IT BE ELECTED AT THE FEDERAL GOVERNMENT LEVEL, WOULD REDUCE THE OIL PPRICES AT THE PUMP THE DAY AFTER TAKING OVER FROM THE BN GOVERNMENT.
He reiterated the same [romise when campiging at the recent SARAWAK STATE ELECTION>
Anwar knows what he can, or cannot deliver, BECAUSE AS A FORMER DPM and FINANCE MINISTER< HE KNOWS THE REAL SITUATION AT PETRONAS. The current BN government is hiding the real story from the Rakyat!
I will end with a prayer of desperation...
O'Mighty God, How much loner can we tolerate these BN ministerial liars and their wives and their lackeys?
Protect our nation's natural riches, Save us from daylight, and midnight, robbers!
AMEN/AMIN
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