well, after much sought anticipation. the moment actually comes where all rumors become reality.
People are queuing in every pump station that i see...
i guess for the next few weeks, people will be gathering in front of KLCC after friday prayer...particularly blaming the Oil and Gas Company there for the price hike..
aiya...like a dog barking at stone la. no use, its not them who govern the hike. without them exploring for more resources, this hike would happen long ago..
this is inevitable situation after all, blame those who started the war on the other side. With the current demand for petroleum and escalating cost in material, skilled manpower, logistic, together with the exploration and production cost at never before imagine places had all taken its toll worldwide. That's not including all the political event that leads to the price hike. when the barrel price goes up..so does others...its a linear equation. do the math.
i get daily updates on how much the crude price is..so here is what the crude price is last january 14th, 2008
| Early Morning Brent | ||
| Delivery | US $ | +/- vs. 14-Jan-2008 |
| OPEC Basket | 88.62 | 0.12 |
| Brent (Dated) | 93.20 | 0.70 |
| WTI | 94.20 | 1.50 |
here is it today...
June 4th, 2008
Early Morning Brent | ||
| Delivery | US $ | +/- vs. 3-Jun-2008 |
| OPEC Basket | 121.69 | -0.41 |
| Brent (dated) | 125.90 | -2.25 |
| WTI | 124.30 | -3.40 |
see the differences? in just over 6 months..crude prices jumps almost US40. on a bigger scale, Drilling barges rental goes as much as US400K/day. More than 100% hike compare to it used to be 6 years ago.
and of course, this is a chain reaction. other things will follow up soon...taxi's fare, roti canai, burger tepi jalan. Those which not affected by the hike will automatically adjusted to the hike.
airasia low fare ticket?....they won't be more i guess
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