Malaysia Oil Production

Malaysia production of oil have improved tremendously.

In a recent report by Petronas, Malaysia daily oil production is 1.5 Million barrels per day (BPD).

The breakdown is as follows :-

-----------------------------------------2012---------------------2011

-----------------------------------------(BPD)--------------------(BPD)

SABAH--------------------------------163,000---------------196,000

SARAWAK----------------------------845,000---------------820,000

PENINSULAR MALAYSIA---------520,000---------------580,000

------------------------------------------------------------------

---------------------TOTAL---------1,528,000-------------1,596,000

-----------------------------------========---------------========

Currently, the price of our oil TAPIS in the spot market is US $134 Per Barrel. The TAPIS is the most expensive oil in the world because it contain very little SULPHUR AND IT IS A VERY HIGH QUALITY OIL.

At a CONSERVATIVE price of US $100 per barrel,the daily income from the oil is US $150 MILLION which is equivalent to RM 450 MILLION.

Currently, Malaysia daily consumption of oil is 700,000 BPD and hence we have a daily surplus of 800,000 BPD.

Therefore, the INCOME amount from being a daily net exporter of oil of 800,000 barrels at a price of US $134 is US 107 MILLION daily.

If all this is taken into account,our petrol RON 95 should be RM 1 per liter.

Due to massive corruption by Umno and BN,the money from oil export have gone missing.

In order to protect our younger generation, in the coming election,we MUST VOTE AGAINST UMNO AND BN TO PREVENT THEM FROM DESTROYING MALAYSIA FURTHER.

EPF

The EMPLOYEES PROVIDENT FUNDS (EPF) currently manages RM 407 BILLION belonging to 12 millions members.

As a EPF member, I am very worried of my savings as the govt is the using my money in the EPF TO SOLVE ITS FINANCIAL PROBLEMS.

As every malaysian knows,currently the govt of Malaysia is BANKRUPT BECAUSE OF CORRUPTION BY UMNO and BN. It would not be long before our national oil company PETRONAS will be BANKRUPT like PERTAMINA.

Recently,the govt ordered EPF to finance RM 1.5 BILLION for a housing project by the Ministry of Federal Territory for malaysians who are not qualify for bank loans to buy houses. This was announced by the Raja Nong Chik.

This is a risky investment as the loan may go bad due to the poor financial background of the borrowers.

I want to ask Nong Chik,why should EPF finance this project when Dewan Bandaraya KL can finance this project.The annual turnover for DBKL is around RM 11 BILLION.Where have this money gone?

Therefore,it is time we amend the EPF ACT which will state clearly:-

a) The type of investment it should invest.

b) The type of project it should financed

c) No govt influence in its decision to invest or not.

Thus,we can ensure that all investment decisions made by EPF is tranparent and accountable to members like me.

I am very worried because the govt is influencing EPF in its investment decision to benefit Umno and BN like what is currently happening in PETRONAS.

The corrupt MOF II Yakob will able to influence EPF because his machai Shahril Reza is in EPF.

To get rid of all this nonsense and to safeguard our EPF savings,we should change the govt in the next election.

Great Year of the DRAGON 2012

I would like to wish all malaysian A GREAT YEAR OF THE DRAGON 2012 and MAY THE DRAGON PROTECT MALAYSIA FROM ALL NATURAL DISASTER AND BRING HAPPINESS TO ALL MALAYSIANS.

Why Anwar should not be finance minister if pakatan win.

Anwar Ibrahim was the financed minister of Malaysia during the A,sia financial crisis in 1997.

The crisis erupted because George Soros with the financial backing of the US Federal Reserve start "SHORTING" the ringgit. At that time,Malaysia have only US$ 20 BILLION in foreign reserves and this amount is insufficient to defend the ringgit.

As a result,the economy of Malaysia collapsed and heading into depression.

Under the keynesian economics theory,when the country economy is heading towards depression and collapsing,it is the duty of the govt to PUMP PRIME the economy by spending money on project like infrastructure and other developments projects in order to create jobs and business growth and the economy will expand through the MULTIPLIER EFFECT.

This is due to the fact that foreign investment is non existent and Pump Priming is the only tool to get the economy going towards recovery.

Instead of doing the above move,Our Friend Anwar do the opposite and introduced the followings measure:-

1)Tightening and reduction in govt spending. THIS IS A STUPID MOVE as reduction of spending is a negative move that reduce economic activities which result in high unemployment with an increase in social problems.

2)Anwar like to listen to advice from the Americans and all this advice is DETRIMENTAL to the economy of Malaysia as the americans want to use Anwar to control Malaysia economically and politically.

3)Telling the Rakyat to tightened their belts by reducing personal spending and comsumption.This is a BODOH move by Anwar with the hope of KICKING OUT OLD MAN M as PM.

I am not a fan of Orang Tua but I respect him as he was right to implement Capital Control to save Malaysia and also in sacking Anwar.

I will be very worried if Anwar is the finance minister if Pakatan win the next election and I would prefer accountant Guan Eng to be the finance minister as he is known to be careful with the Rakyat money.

GREAT YEAR OF THE DRAGON 2012

2011 IS COMING TO AN END.

May I take this opportunity to wish all my readers a GREAT YEAR OF THE DRAGON 2012 to all of you.

May 2012 will be a GREAT YEAR FOR THE COUNTRY WE LOVE CALLED MALAYSIA.