I wrote before about Petrol Price in Malaysia.
I am compelled to write this after watching KJ’s Video Campaign being shoved into my face. Firstly, I would like to congratulate KJ on his website, it was completed 1 day before the General Election, *bravo*.
Secondly, you don’t have to mention your dad’s secondary school, it has nothing to do with you.
In his video, he butted in some of Anwar’s clip about petrol hike. He said that in the 90’s, petrol per barrel was USD 14-20. Today, it’s USD 100++. He also said that KIDS CAN do the calculation to sell petrol, I take that as an insult 😡
1st Point – 90’s Per Barrel Price and Today
In those days, Petronas sold petrol at USD 14-20 per barrel. Question: Is Petronas still selling at USD14-20 today? If it is, then it shows either Petronas is stupid (which I highly doubt), KJ’s researched was half-assed effort or KJ is trying to make me look stupid.
It’s a simple trading skill, sell above your cost to gain profit, everyone knows that. So if Petronas sales is banked on the international market, do you think Petronas wants to make lost by selling at USD 14-20? I highly doubt so, in fact, Petronas managed to secure RM 86 Billion of profit in 2007 (which was not listed nor mentioned in Forbes).
He also said that Petronas used that profit to venture and expand the national oil & gas business. Now, allow me to shove this into your face KJ, Petronas used 27.1% of the profit, to expand their business (according to theEdge). So what happened to balance?
2nd Point – Price Hike and Profiteering from Rakyat
If you look at the graph above, you will see a steep price hike between 2005-2006, 30 cent to be exact. Before this, it was (at most) 10 cent increase and you called this subsidized?
My peers, friends and family obviously have no problem paying RM1.92 per liter but lets put this on Macro level. Higher petrol price = higher logistic = higher cost = higher sales = higher price in everything, and that includes our teh tarik, roti canai, cooking oil, oh darling, do I have to spell everything?
Lets put this the other way around. Lower petrol price = lower logistic = lower cost = lower sales = lower price in everything. In the end, Lower Sales – Lower Cost = Profit, same as above, with exception, bigger spending power and more savings. With more savings = more investment = more business = more jobs = more tax return = more government profit. Get my drift y’all?
In the end, government gets all the credit, spends money vigorously, first class facilities, and in return the rakyat still gets dirty water, pollutions, more traffic jam and more headache. So who to blame?
3rd Point – Do I hate KJ?
Yes. It’s very, very hard for me to hate others, especially those I am not close to (even more a stranger). But when someone starts telling bluffs and degrades intelligence, that’s where they crossed the line. In this case, he said “even a kid could sell petrol and gained profit”. Although that was not referred to me directly, I find it hard to accept, especially when KJ used it against Malaysians.
ps: On 2nd thought, I like KJ. If not for his remarks, I don’t think I have anything to blog about ➡
pss: KJ, next time bro, think thoughtfully before making any statement. You keep changing lanes so often its very hard to catch your ‘sales pitch’