Malaysia's government has now stop subsidiary for petroleum since December of 2014. Crude oil price has dramatically dropped from 95 dollar/ Barrel to lowest of 47 dollar/ Barrel making it no sense if government still subsidiary for the petrol.
In Feb 2015, price has break the 55 dollar/barrel making our oil price recorded a 6 years lowest since 2008. However, the price gradually increased in the following months. Today is end of July 2015, rumours say our petroleum will raised in August 2015.
I believe it's unreal because the global crude oil has again recorded a new low 47.76 dollar/ barrel, however I don't think the price will drop back to 1.70/barrel in Feb mainly because:
1. Petrol station have to bear the price of purchasing which is slightly high
2. Ringgit Malaysia further declined in value making purchasing of petrol more expensive
3. Government cheating (as usual)
Knowing the market and factors affecting the economy can enhance business sense, making you thinking rationally. However, there's no need to proclaim to the public, because it's always issues and external factors you never consider about, which might making you feel arrogant and excessive self-esteem.
Since I started my course, I have started to think more frequently and critically in every big and small issues in Malaysia, either political, economy, business and so on. I believe everything happens for a reason and that reason is based on facts, not rumours.
Lucky I didn't pump my petrol with crowds, believing rumours are created by owners of petrol stations to trap consumers. It's 1st of August 2015 now.
That's what makes it interesting.
So interesting and Fun =)
No comments:
Post a Comment