1 barrel is approximately 160 litres x RM2.70 = RM 432 or USD 135
On 1 hand, we are paying the full cost of 1 barrel of crude oil with RM2.70 per litre but on the other hand the crude oil only produces 46% of fuel.
Also since we are buying back fuel after we sell off our crude oil, there isn't much loss in the fact, if it was 1 for 1 trade off, it would be a break even.
For instance
Malaysia sells crude oil per barrel at USD130 and buys back fuel per barrel at USD135
This means that we would have to sell 2 barrels of crude oil to buy back 1 barrel of fuel...
The brain teaser part is when the governmnt sells it back to us at the fuel station making lots of money they yet dare say that they are giving us SUBSIDIES???
1 comment:
Wow. That's really unfair. They shouldn't do stuff like that. But you're not the only ones going through that. Oilheat users in the U.S. are struggling as well. Paying more than $3,000 sometimes. But you know, there's a new B5 oil avaialable. It produces NO greenhouse gases, conserves 400 MILLION gallons of oil, and it also reduces emissions. I found out about it while working for NORA. Here, check it out: http://oilheatamerica.com/index.mv?screen=bioheat
Post a Comment