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RM2.70/litre is crazy.

I can sense that riot is coming.

It is also speculated that by August this year, the oil price will increase to RM4.

When oil price increases, everything else will increase,
When everything else increases, nobody is willing to spend anymore,
And thus, inflation begins,
Economy will become bad when nobody is willing to spend their money,
And when this happens, company will need to cut cost,
Cutting cost means cutting human resources,
So a lot of people will be jobless,
Suicide and crime will increase.

Hi Leremy, you didn't finish the last part of Economics 101. :D .. Finally costs will come down, then we will be talking about recovery.

Leremy,

come to puchong jaya. i just bought a electric heater for cooking porridge and rice cum goreng sayur.

First 2 days tough....one wanton mee cost me 4.30, one kopi ice 1.80,now dont mention abt the petrol hike..!

Welcome to join the kiamsiap society...heee.....!

Hi Tee.
Thats KL standard isnt it. Anyone knows about Penang prices. Goodness, I seldom eat out so I dont know. What I know is rice l0 kilo gone up from RM9.50 to RMl5.50 before petr. hike. Shop keeper says now dog rice has become raw material for making beehoon. Goodness me. All better tune in to asianfoodchannel and start cooking. heheh!!

I just landed there for 4 days....seriously no idea abt it. btw, now i just cook rice and buy food from outside to eat after work. Kiamsiap or not, its all upto individual planning. For me...I think I am quite happy this way.

Problm is the petrol thingee, which will indeed cot me as i need to shuffle between Melaka n KL.....hmmm....maybe train from midvalley to tampine is not a bad idea........!

Dont know if Bodowi has received his death certificate now or not.....heee...?

As an oil producer and net exporter, the price RM2.70 per litre is indeed absurd.

While, it the "subsidies" may be channelled to other more "meaningful" projects, it raises doubts as to whether the funds would be properly managed or will it be another disaster like the numerous projects which were exposed recently.

I think this is Bodohwi and Najis last breath before BN is going down to the opposition.

Or maybe this is a plan for the new leader in this August to "pretend-to-do-some- good-deeds-by- lowering-the-petrol- rate" and let people support BN back.

Now this might be the solution for the increase of oil price.

A water powered car.

See the video about it at

http:// www.youtube.com/ watch?v=42D6GZLp1DE