They can't be silly enough to sell crude oil to a bunch of advertising people.
We may be having a mileage claim problem with the rise of petrol prices, but still!
Maybe they are targetting those people who work on Petronas or Shell or whatever. Or the scammers who want to take advantage of the situation and do a few...ahem...ads.
Then again, it might be a gentle reminder to those who had posted entries in this website that this is still an advertising blog at the end of the day.
Not a Korean Penis Fish fansite.
If they so wish to digress, we could always post them the ultimate mind-boggling question:
Just how do you think our opposition parties can hope to bring down the petrol prices?
And halt them where they stand!
Gulf Tanker
Has it got anything to do with the Petronas "Takeshi" rumour?
June 12 2008, 11:31 AM
You spooked them ah?
Nawww...
Anyway, bringing petrol prices down CAN be done (You have to do it creatively).
Massive, yes. But it can be done!
Waaait! Is this what this post is about?
Fishing in oil-spilled waters?
Hmm...
Anonymous
Is there anything in this?
June 12 2008, 11:58 AM
how to bring down Petrol prices in the UK
I got this email sent to me today and I found it quite an interesting idea and it certainly rang true because Petrol prices seemed to have been going up recently without any real reason. It's almost as if the petrol selling companies have realised they can just keep rising the prices without any consequences.
So lets try this and see if we can change their minds
THE IDEA
See what you think and pass it on if you agree with it
We are hitting 123.9 a litre in some areas now, soon we will be faced with paying 2.00 a ltr. Philip Hollsworth offered this good idea:
This makes MUCH MORE SENSE than the 'don't buy petrol on a certain day campaign that was going around last April or May! The oil companies just laughed at that because they knew we wouldn't
continue to hurt ourselves by refusing to buy petrol. It was more of an inconvenience to us than it was a problem for them. BUT,whoever
thought of this idea, has come up with a plan that can really work.
Please read it and join in!
Now that the oil companies and the OPEC nations have conditioned us to think that the cost of a litre is CHEAP, we need to take aggressive action to teach them that BUYERS control the market place
not sellers. With the price of petrol going up more each day, we consumers need to take action. The only way we are going to see the price of petrol come down is if we hit someone in the pocket by not
purchasing their Petrol! And we can do that WITHOUT hurting ourselves. Here's the idea:
For the rest of this year DON'T purchase ANY petrol from the two biggest oil companies (which now are one), ESSO and BP.
If they are not selling any petrol, they will be inclined to reduce their prices. If they reduce their prices, the other companies will have to follow suit. But to have an impact we need to reach literally millions of Esso and BP petrol buyers. It's really simple to do!!
Now, don't wimp out at this point... keep reading and I'll explain how simple it is to reach millions of people!!
I am sending this note to a lot of people. If each of you send it to at least ten more (30 x 10 = 300)... and those 300 send it to at least ten more (300 x 10 = 3,000) ... and so on, by the time the
message reaches the sixth generation of people, we will have reached over THREE MILLION consumers! If those three million get excited and
pass this on to ten friends each, then 30 million people will have been contacted! If it goes one level further, you guessed it... ..
THREE HUNDRED MILLION PEOPLE!!!
Again, all You have to do is send this to 10 people. That's all.(and not buy at ESSO/BP) How long would all that take? If each of us sends this email out to ten more people within one day of receipt,
all 300 MILLION people could conceivably be contacted within the next 8days!!! Acting together we can make a difference . If this makes
sense to you, please pass this message on.
PLEASE HOLD OUT UNTIL THEY LOWER THEIR PRICES TO THE 69p a LITRE RANGE
It's easy to make this happen. Just forward this email, and buy your petrol at Shell, Asda,Tesco, Sainsburys, Morrisons Jet etc. i.e. boycott BP and Esso
Anonymous
You mean to boycott all foreign petrol kiosks here ah?
June 12 2008, 12:10 PM
Or get our government to inflict upon them ...ahem...'policies'?
My, my, my...that would make Petronas rich.
Wait a minute. Petronas?! Hmmm...
Well on principle you can lower petrol prices for local cars
but that would mean raising prices for foreign cars.
Hmm...
You need multiple-pronged strategies to tackle this problem la.
It starts with all of us. Use less petrol. Boycott the petrol giants. Let them have a price war. Start go green campaigns. Find alternative fuel sources.
Wait. We already have that alternative fuel sources already - water, solar, bio-fuel, alcohol, etc...
Hey, even cars designed to run on these have been created.
What have you got in mind? Tell, tell...
Orang Minyak
There are creative ways.
June 12 2008, 4:02 PM
Did you see all the headlines today? Posting the entry in this thread is deliberate of course. No harm in a little discussion is there?
But have you ever wondered where all the money from Petronas go to? And why the world is suddenly taking the easy way out by raising fuel prices?
Check the world events. Somebody needs huge fund in a jiffy.
Battles are being fought without us normal folks realising it.
You think the battle stops after the ceasefire in Iraq and Kuwait?
Do you really know what is at stake?
Jedi Master
Gua ade theory I.
June 12 2008, 4:31 PM
Macam macam terjadi after this week's massive record-breaking petrol price hike. Bawak keluar semua conspiracy theorists yang blaming everyone from war-mongering Americans to greedy Arab states, Martians and particularly our own government that they claim is screwing us blind
(fund to keep them in power).
Diesel pun ada conspiracy. It wasn't too long ago that diesel was a lot cheaper than petrol. And the way gua understand it, when refineries produce petrol one of the by-products is diesel and it wasn't too long ago that South Africa was exporting diesel to try to get rid of the surplus.
Out of a sudden, diesel pulak jadi more and more mahal than petrol. Mungkin tak ade dua reasons for this. The first is that taxis use petrol right now dan because of the massive size of this industry and kerana takut taxi drivers go on strike and protest dan disrupt traffic all over the place, the last thing the government wants to do is upset the taxi industry. Or, admittedly, make it too expensive for poor people to commute.
Jadi diesel price kena hiked more than it should be just to keep the petrol price hikes to a minimum untuk benefit taxi industry. Analyse lebih mendalam, that's a pretty safe move because the only people who guna diesel are companies who tak complain but just push their prices up, so you and I pay more and of coz, rich people with diesel 4x4's who really don't care what it costs to fill up kan?
Teori kedua I tentang the way diesel is going up more than petrol is kerana the Department of Energy and load shedding has worked out that diesel is about 15% more economical than petrol. So, with a major source of revenue to the government coffers being taxes on fuels, if sales of petrol fall due to the efficiency of diesel, what does the government have to do to stop getting less tax? Betul tak?
It's a global greed bandwagon tak?
Gua denger ada yang charge local refineries the going world price for oil - right now $100 lebih a barrel.
Orang nak prfit le. You tengok baik-baik. In a lot of oil producing countries automotive fuel is very the murah and in some Arab states it's even percuma.
Stinks like greed.
Sheikh
You think tha Arab countries tak tahu hantam balik?
June 12 2008, 4:41 PM
You think war is being fought with bullets eh? You think why America is going for the jugular in Iraq? You think this is not about control and domination? It's about power le, pardon the pun.
Sammy Cheng
Has everyone forgotten the 'market price' of oil?
June 12 2008, 5:03 PM
This price does not reflect its cost. It only reflects its value on the market. The true cost of producing a barrel of oil is much less. We are paying more because demand has increased and it's going to the highest bidder. This is the system on which to blame the rip-off prices. It doesn't help that political power and survival depend on oil.
And that people can be just plain greedy.
Sorok Duit
Is high finance nobler than betting on horses?
June 12 2008, 5:31 PM
George Soros says investors are not responsible for the action of corporations
It’s like a Greek tragedy,” says George Soros. “You can see the trouble coming, and you can’t avoid it.”
Welcome to global economic meltdown. Petrol prices are shooting up, staple foods cost a small fortune. Just going to the shop at all, these days, seems to require an overdraft extension – or would, if you could find a bank still willing to lend money. But Soros, the Hungarian-born speculator, whose name causes central banks and governments to tremble, seems to be enjoying what he calls the worst financial crisis since the Great Depression.
After all, it confirms what he’s been saying for years. What’s more he was smart enough, as the house of cards collapsed last year, to make nearly $3bn for his own investment fund while others went belly up. Now, to be sure we know how clever he is, he has has rushed out a book which tells us that mainstream economics is fundamentally flawed – and we’re doomed.
“I think it’s going to be pretty bad,” he says, and I’m dismayed to note a smile playing round his lips.
“You have a housing bubble in the UK; household debts are higher than in the US. The banking and financial industry is much bigger as a proportion of the economy in this country, and that’s been badly affected. People are losing their jobs. “Also, taxation of foreigners has come at the wrong time, so there is a small exodus. You face higher prices for food and energy, and the budget allows little room for fiscal growth.”
Is there any hope? “The decline is likely to be more gradual than in the US, but longer-term.”
He’s still smiling.
“I don’t think the government is going to be able to prevent the trouble,” he continues. “And I don’t think it matters which party is in charge.” But the Bank of England could have handled things better, he feels. “It was doctrinaire and orthodox in its management of the credit crisis. They bought into the idea that markets can correct their own excesses. Marvin, er, Mervyn King was quite inflexible, and then he suddenly had to make a U-turn over Northern Rock.”
Aged 78, the man who famously “broke the Bank of England” on Black Wednesday – forcing Britain out of the Exchange Rate Mechanism and dealing a fatal blow to John Major’s government – has watery eyes and wears a hearing aid. He says at one point that he hopes to write more “if he has time” – by which he means, if he lives long enough. Despite a twice weekly game of tennis, and a blossoming relationship with a violinist who is easy on the eye and very considerably younger than him, the general impression is of a man past his peak. But he still keeps a keen eye on the world economy, and was quicker than most to suggest the sub-prime housing bubble might pull both the US and British economies down in its wake.
“The period of the US consumer acting as the motor of the global economy has come to an end,” he tells me, with finality.
But Soros’s Cassandra-like predictions aren’t always right. In 2001 he acknowledged making a mistake predicting serious calamity in an earlier book, The Crisis of Global Capitalism. “I got a bit carried away,” he admitted.
Is he wrong again? Surely, the US won’t allow the dollar to lose its special status? “There’s not much they can do.”
So which currency does Soros believe will take the dollar’s place?
“No other currency is sufficiently attractive. They’re all overpriced. So there’s a general flight from investing in currencies to commodities – and that partly accounts for the explosion in the price of oil and food.”
So one reason we’re in difficulties, he seems to be saying, is the sheer range of currencies used for trade. Does that mean we need a new approach? Should we, for example, revisit the economist John Maynard Keynes’s proposal just after World War 2 for a special currency for international trade – he called it the bancor – which would not be issued by any single country? (At the time, the US overruled this, and insisted on the supremacy of the dollar). Soros nods. “I would welcome something like the bancor – it could come to that. The existing system is – I don’t want to say it’s breaking down, but it’s pretty creaky. We’re in a period of great uncertainty. Eventually, the system is going to need to be reformed.”
The irony, of course, is that the man proposing some new kind of international currency unattached to any particular country is the same super-speculator who has made billions by betting on national currencies.
Born in Hungary in 1930, Soros was the son of the Jewish writer Teodoro Schwartz (he changed his name to Soros in response to rising anti-semitism), who was a passionate exponent of the international language, Esperanto. George Soros was taught the language from birth, making him one of a small handful of native Esperanto speakers.
It occurs to me that perhaps this early immersion in Esperanto explains his interest in the bancor – an international means of exchange which, alas, has little prospect of being widely adopted.
Having survived the brief period of direct Nazi rule in Hungary, he escaped the incoming Communist regime by travelling west (to an Esperanto conference, so it had its use after all). He was 17 when he came to London, where he studied at the London School of Economics before landing a job with the merchant bank Singer & Friedlander; and in the 1950s, he moved to New York. By the seventies, he had set up his own investment fund, Quantum, and Soros Fund Management, both of which returned enormous sums on investment. Last year alone, Soros is estimated by Institutional Investor Magazine to have made $2.9bn for himself.
In his other career, as a philanthropist, he has given away several billion dollars to a variety of causes through his Open Society Institute. Unusually, for a speculator-cum-philanthropist, he is fearless about getting involved in political matters. Decades ago, he smuggled photocopiers into Hungary to get round the censorship of the communist regime, and he was one of the first westerners to give money to the Polish dissident group, Solidarity.
At the last American presidential election, Soros openly opposed the re-election of George Bush, and spent money trying to prevent it. “I felt that Bush was violating the values that America stands for,” he says. This time round, he’s spending less but was one of the first to endorse Barack Obama.
At the moment, he is absorbed by the problems in Burma. “Nearly two million people have been hit by the cyclone and there is no way to get help to them. I feel pretty bad about that. I have had a Burma project for more than 10 years, and it’s a tremendous source of frustration.” Unwilling to admit defeat, he’s currently smuggling aid into the country for clandestine distribution through certain civil-society groups.
I ask him if he spends any of his billions on rich men’s toys – such as the painting by Francis Bacon which was bought by Roman Abramovich for $86.3m last week. “No, I have a much better use for the money. With that, I could educate 10,000 people.”
Nor does Soros own a plane, or collect unusual, expensive objects. The study in which we talk, in his house in London, is decorated like an upmarket but rather old-fashioned hotel – the carpet, bookshelves and armchairs are perfectly acceptable but entirely lack personality.
“I am not a skin-flint – well, I am a bit. I resist spending money for the sake of ostentation or showing-off. But I do own a Picasso. I don’t deprive myself.”
Twice married, he has recently been linked romantically with Jennifer Chun, a violinist several decades younger than him. He says that he met her socially, but declines to go into greater detail. Is he likely to marry again? “I would prefer not. I’m happy being unmarried at the moment.”
His sons by his first marriage, Robert and Jonathan, now jointly run his investment company. Their sister Andrea runs a trust devoted to helping resolve problems in Tibet. His youngest two, by his second marriage, are currently at university. He has set up a trust to ensure that none of them will ever need to work for a living, should they ever wish to make that choice.
His primary interest now, he says, is understanding the world. “Based on that, I try to make the world a better place.”
There’s a remarkable discrepancy, however, between his work on improving the world, and his day job plundering companies and economies. In 1997, during the Asian financial crisis, Thai nationals branded Soros “an economic war criminal”, believing that he had profited from their misfortune. Whether he did or not in that instance, his investment decisions have had consequences that often don’t benefit the poor – and they don’t appear always to follow the rules.
In France, for instance, he has a conviction for insider dealing, though he hopes that it may yet be overturned by the European Court of Human Rights. “There were thousands of people involved. Only one person got convicted. I can’t help thinking that is a miscarriage of justice. It’s a black spot, and I don’t like it. “
But what about the wider discrepancy between his philanthropy and his gambling on currencies and stocks? “There is this idea that by being a capitalist, I’m somehow squeezing blood out of peasants,” he says. “Which is absolutely not true. It’s nonsense. Maybe the companies in which I own shares are squeezing blood out of the workers, but I’m not involved in that. Being a shareholder in a company does not make you responsible for the policies of the company.”
If that’s true in the technical sense, this seems a remarkably complacent way to express it. Certainly it does little to suggest that his investment practices are intrinsically more constructive than betting on the horses.
“In an efficient market, your action as a shareholder does not influence the management’s behaviour,” he continues. “Markets are amoral, not immoral. The difference can be very difficult to explain. As a market participant, you can’t control the market. If I try to do something that goes against the market, I would have my head handed to me.
“Take the case of the breakdown of the pound” – when Soros bet against sterling in 1992 and forced Britain out of the ERM. “That would have happened whether I was part of it or not. Being part of it, of course, I made money. But I didn’t cause it. It probably would have happened without me.
“When the Bank of England raised the interest rate to stop speculation, I said that this was a counsel of despair. This means that they’re desperate.”
Taking advantage of a country’s desperation does not sound like the approach of a man who invests billions in good causes. “That is a good point. But markets are amoral,’” he repeats. “In a market, you have a lot of actors. An individual does not make a difference.”
You could say the same if you were part of a mob, setting fire to the palace.
“That is true. But then, if you have any money at all you are part of the same mob. If you put your money in the bank, the bank will storm the palace on your behalf.”
Amnesty International
Boycott Shell & Petronas
June 13 2008, 1:01 PM
They refuse to let non-bumis like you and me to even apply for dealership to run petrol kiosks.
Dont believe.
Visit their website.
Try to apply for a petrol kiosk dealership.
Cannot. you must be bumi.
In Petronas, 99% of staff are bumis. No place for anyone else.
So why pay our hard earned money to pump their petrol. This is apartheid racism happening right under our nose. Puki mak.
Orang Minyak
The Bancor as a world trade currency?
June 13 2008, 1:25 PM
Hmm...greed has reached its peak. Some philanthropist is set to earn more billions from the creation of Bancor
(While no country will own it, but someone has to 'conceive' it right? Then how is it going to beranak?")
Do we have an alternative? The US dollar? It's err...not based on gold or any other precious metal, just on 'perceived' value.
Oh dear. So many world currencies pegged to it.
If it collapses, it's economic meltdown for sure.
There has been a proposal for the Dinar to be a currency for world trade.
Yeah right.
Overpriced like so many others. And if they force you to use it, the power will shift to you know who.
After the oil fields are exhausted, they can live on the 'value' of world currency.
Hmm...
I see...the collapse of US dollar IS imminent (perceived value only mahh).
Dinar will NOT be accepted because it can be used to empower
America's rival.
So we're left with the Bancor.
Fuck! Someone is going to profit from its creation!
The world is being manipulated to accept the currency,
but I sense it has got its flaws.
It took Italy so fucking long to get its economy in shape
to meet the standards of the Euro.
Just imagine all those third world countries trying to shape up their economies to meet the standards of the Bancor.
Can meh?
Pinjam duit from the rich countries ah?
Aiyoh, these rich fuckers will colonise the third world countries' economies la.
The Bancor will collapse too la
And then we're left with a 'no money currency system".
Hmm...
Pig
Greed Greed Greed
June 13 2008, 3:03 PM
Such a sin. Economic meltdown imminent with rising petrol and food prices. People in Indonesia and Phillippines kesian. There will be more nations to come. Die Die
MSN
Thousands protest fuel price hike in Malaysia
June 13 2008, 6:43 PM
Some 2,000 protesters marched through the Malaysian capital Friday in the largest of a series of demonstrations against last week's steep fuel price hike.
Led by the Islamic opposition party PAS, they called for Prime Minister Abdullah Ahmad Badawi to quit over the decision to raise petrol prices by 41 percent.
"We want to show how unhappy the Malaysian public are with the oil price rise," said Salahuddin Ayub, PAS youth chief and organiser of the rally.
"The government has forced us to the streets to demand a reversal of this disastrous policy. This is more than a wake-up call for the PM," he told AFP. "We want the PM to resign after this unacceptable rise."
The crowd, which congregated at an inner-city mosque after Friday prayers, had planned to march to the city's iconic Petronas Twin Towers where dozens of police were stationed in preparation.
But faced with a police blockade near the mosque, rally organisers changed direction and proceeded into the crowded downtown district, causing serious traffic snarls as they sat down at a major intersection to make speeches.
"Overthrow the policy" they chanted, as they called for the destruction of the ruling Barisan Nasional coalition.
"We must support the people's rights to demand more help from the government because we are suffering from this price rise," said Siti Anisah, a 45-year-old clerk wearing a blue headscarf and traditional "baju kurung" flowing garments.
"I think there will be more protests because we definitely don't want to pay so much more. How do I feed my children? she asked.
There has been a handful of small protests organised by other opposition parties since the price hike, but activists say they are gearing up for a major demonstration on July 12 which they hope will attract 100,000 people.
Vivienne Loo
The marginalised people in Taiwan are commiting suicide.
June 16 2008, 10:55 AM
The standard of living has gone up to an unbelievable level.
Anonymous
The Americans have already gotten hold of Iraq's jugular.
June 16 2008, 11:04 AM
They have certainly learnt their lessons. The last petrol price hike in America caused a change of leadership.
This time the Republicans are not going to be that stupid.
To remain in power, they have wrestled the control of oil fields in Iraq. They 'hiked' the prices worldwide to make a new world order. In Malaysia, the effects of this move can already been seen. Just how long do you think Barisan can hold power?