USD$135 per Barrel of OIL?

Updated: Oil prices going to hit USD 262/barrel according to George Soros? Go read here. Where is the sense of balance and sense of justice? Major oil barons makes billions while some of us scratching day and night hoping to save that 2 cents and that glass of Starbucks daily!

And the corrected figures and updates about Exxonmobil. They make USD40billion last year! FREAKING 40 billion US dollar! Top 5 in Fortune 500 consists of 3 oil company and WalMart and General Motors. The 3 oil company, Exxon Mobil, Chevron and Conoco Phillips, are actually results of split up of Standard Oil, a millennium ago owned by this legend, John D Rockefeller. Superclass!


Oh My God! The gasoline price has just shoot through the sky! USD 135 per barrel. Whao! Thats the word i will use to describe the situation. Indonesia has just announced that there will be an increase in gas prices of 28.7%. Indonesians will scream and riot again? Most probably they will make street protests and demonstration. Our dearest Malaysians of course will not feel much of the effect yet due to our fuel prices are still controlled by our own government. Happy leh?

I think what general Malaysian will complain are not the increase of petrol prices, but more of what a general employee would do all over the world. Normally, their dissatisfactions are bound to salary increment or monthly wages are not comparable against the rise of inflation and increase in living costs. What to do? We, Asians, are in the grasp of the hands of those elites from Americas and Europes. You think they care about us in Asia? Hardly.

What are we, Asians, famous for in the world? Tell me....... Make a guess. Make a WILD guess.


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CHEAP LABOUR, EFFICIENT AND WORK LIKE A HORSE LA! What else? This is the only advantage we have against these normal Americans and Europeans. Cheap wages, willing to harder and longer hours. Thats why typical Aussies hates us so much, coz we take away their jobs. Now, please don't complain if we are to work harder than other people. That is what we are famous for anyway. Or perhaps, thats what gweilo think of us anyway, on the surface, of course. :)

Now, back to the story of the oil news. USD 135/barrel! I think this happen due to USD is losing its value as well and of course, other factors as mention in those reports. Read here for more. The best statement i like from that news is this:

"Oil has performed better than equities and bonds. There is money looking for better returns and oil has offered better returns and continues to offer better returns."

I guess those oil barons, oil companies and oligarch from Russia must be smiling like a fat cat. Supply is limited but the demand is constantly getting higher. I believe this is a chain reaction of the world economic outlook. The weakening of US dollar, the grow of India and China, the ever-rising demand of better lifestyle of billions of people, the inflation rate of these countries, the appreciation of living costs and bla bla bla.

I think the net profit of the top 5 Fortune company this year will grow over the roof, since 3 of them are oil company for the exception of WalMart and General Motors? Last year, if not mistaken, ExxonMobil makes 40billion USD of profit. Thats USD40,000,000,000. I almost miscalculate the total of zeros when i type that number out.

On the other hand, i am thinking about our own Petronas back home. Fat cat? Dunno la. Hopefully the profit will be put to good use. Just think or hope....... or pray! Hahahaha!

Meanwhile, i read this news about Vietnam and a new casino open near Ho Chi Minh City. Read here for more. Investors invests USD 4.2billion into this casino in Vietnam. OMG! USD 4.2billion of capital inflow into Vietnam. Can you breakdown of what will happen in there with this amount of $$$$$? .................

Singapore is building 2 of these casino back at Marina and Sentosa. Macau has several and Vietnam is building 1. Of course, Malaysia has 1. But with all these casinos is building up around our region, no wonder Genting have to expand their operations overseas to secure themselves. All these big players with billions of cash and pots of gold coming to attack our regional shores, be on your tip-toe boys! Something interesting is going to happen.

I believe at the end, with these competitions, consumer will gain at the end. Better service, better products, better innovations and better everything will happen. I just hope that perhaps our government will be more innovative and attracts these foreign investors into our country. Simple maths.

Capital Inflow, $$$$$ going into country > Money outflow $$$$$$ = :)

What do you think?