Fuel and Electricity Hike, Money needed for final battle

Why did Abdullah Badawi press the “Self Destruct” button by raising the fuel price by a whopping 40.62 percent or 78 sen per liter? Not satisfied that the self-destruct button might work, he put in the second-layer security with another explosive – raising electricity rates by 18% for homes and 26% for business users. You […]

... written on Jun 04 2008

Fuel hike from RM1.92 to RM2.70, Char-Kuey-Teow RM7.50?

Breaking News: In-line with the government previous practices in announcing fuel-price hike last minute, it appears Abdullah Badawi government has did it again. Effective midnight tonight, 4th June 2008, the price of petrol would be increased by a whopping 78 sen and diesel by RM1.00. This means you’ve to pay 40.62% more for petrol from […]

... written on Jun 04 2008

From stockbroker to selling ePetrol, goldmine for Rashid?

Ask yourself if you’ve voted the opposition namely DAP, PKR or PAS during the 12th general election three months ago and if the answer is “yes” then give a round of applause to yourself. I was pretty sure there were hidden hands at work in manipulating the price of rice ever since the Padiberas Nasional […]

... written on May 26 2008

It’s above $135, House to sue OPEC over high oil prices

Another day another 200 points plunge as jaw-dropping investors watched the oil prices hit the roof of $135 ($135.04 in after-hours electronic trading) a barrel for the first time Wednesday thanks largely to the report from the Energy Department’s Energy Information Administration which said crude inventories fell by more than 5 million barrels last week. […]

... written on May 22 2008

Soros, Buffett and Trichet said It Ain’t Over Yet

Oil prices going for $130 a barrel – FinanceTwitter screamed back in early Mar 2008, slightly more than two months ago when the black gold was traded at $102 a barrel. While there’re only a handful of readers who thought it was possible, many readers wrote personally to say it was nonsense to think for […]

... written on May 21 2008

Oil prices continue to defy gravity, somebody said US$200?

Whoa! Oil prices soared nearing the $123 a barrel, just 7 bucks away from my prediction that the black-gold should find little obstacles to reach the $130 a barrel. For punters who wish to see the oil prices go up, they can surely rely on Nigeria – Africa’s largest oil producer and a major U.S. […]

... written on May 07 2008

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