Petrol price gone up
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It's ok, it's alright.
But can the gahmen, please give a good and acceptable (by us) reason why our petrol is more expensive than other country, namely Malaysia? -
tax... duties...
only 4 things in singapore is dutiable: fuel, cars, alcohol and tobacco...
and malaysia, the fuel is subsidised.. -
they wan more peanut for themselves...
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The only reason why petrol price in SG and JB, SG more ex by 40% is because of the tax..
Only reason why JB cheaper by 1/2 because MY is oil producing nation, revenue from oil sales goes to subsidies -
This is like asking why is it so hot in Singapore? Because we're in the Equator.
I can understand the priceness of fuel in Singapore, because even water, we need to produce technologically.
The only resources we could possibly produce naturally, are people. Brainy people that is. That's of course, only when people are not too stressed out to procreate. But even then, what's stopping these brainy people from leaving for greener pastures? This is a bigger, and better question.
Our "natural resources", are leaving. What can the govenrment do, to retain them??? -
I think the current oil price hike is an American hidden tax pass on to the world for the budget deficeit in financing the war on terror and ground campagin in Iraq. Since being relected, George Bush has not raised taxes to finance the $450 billion USD buget deficeit. United States has a national debt of $ 7 trillion dollars. Where does the money to finance all this spending comes from?
As oil is priced and transacted exclusively in USD. The oil cartel is tolerated as Saudi Arabia used the petrodollar earnings to purchased US treasury bonds which infact finance the US debt as the necessary monies can be printed and put into circculation.
This arrangement was broked in 1974 by Henry Kissinger with the Saud family.
This book Hidden hand of American hegemony provides interesting details to how the system works.
http://www.amazon.com/gp/reader/080142884X/ref=sib_dp_pt/002-3492184-6829601#reader-page
The book is published by Cornell University -
Singapore no natural resources so they want to earn money but making the consumer goods more expensive. But they earn a lot of money from trade, tax and tourism and so on, so why they do not want to subsidy the petrol price for us and so on???? You see Indonesia, the government is heavily in debt but they still subside the price heavily so Indonesian can buy petrol at cheaper price. But why Singapore is not doing so even though they are not heavily in debt???
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Read 'Blood and Oil' by Michael Klare and Twilight In The Desert' byMatthew R. Simmons about US policy and Saudi's oil respectively. Don't have to agree with both authors. Interesting reading.
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Originally posted by Honeybunz:
I notice that even Taiwan petrol is cheaper than ours,although not much though.
It's ok, it's alright.
[b]But can the gahmen, please give a good and acceptable (by us) reason why our petrol is more expensive than other country, namely Malaysia? [/b] -
I think it is time for us to merge back with MalaysiaOriginally posted by sbst275:The only reason why petrol price in SG and JB, SG more ex by 40% is because of the tax..
Only reason why JB cheaper by 1/2 because MY is oil producing nation, revenue from oil sales goes to subsidies
..........Afterall,our PAP politicians are not doing well. -
1 sentence:Becoz our F**KING government are damn selfish!!!!!Originally posted by gorby107:Singapore no natural resources so they want to earn money but making the consumer goods more expensive. But they earn a lot of money from trade, tax and tourism and so on, so why they do not want to subsidy the petrol price for us and so on???? You see Indonesia, the government is heavily in debt but they still subside the price heavily so Indonesian can buy petrol at cheaper price. But why Singapore is not doing so even though they are not heavily in debt??? -
Willing Buyer Willing Seller
Think price ex, then don't drive
Another excuse for traffic control
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You want a 2nd death?Originally posted by drawer:I think it is time for us to merge back with Malaysia ..........Afterall,our PAP politicians are not doing well. -
want to drive den LL lor...
gahmen don't subsidise also gahmen fault...
next time i no work, gahmen don't give me welfare also gahmen fault... -
Book ReviewOriginally posted by orwell76:I think the current oil price hike is an American hidden tax pass on to the world for the budget deficeit in financing the war on terror and ground campagin in Iraq. Since being relected, George Bush has not raised taxes to finance the $450 billion USD buget deficeit. United States has a national debt of $ 7 trillion dollars. Where does the money to finance all this spending comes from?
As oil is priced and transacted exclusively in USD. The oil cartel is tolerated as Saudi Arabia used the petrodollar earnings to purchased US treasury bonds which infact finance the US debt as the necessary monies can be printed and put into circculation.
This arrangement was broked in 1974 by Henry Kissinger with the Saud family.
This book Hidden hand of American hegemony provides interesting details to how the system works.
http://www.amazon.com/gp/reader/080142884X/ref=sib_dp_pt/002-3492184-6829601#reader-page
The book is published by Cornell University
Card catalog description
"Between 1973 and 1980, the cost of crude oil rose suddenly and dramatically, precipitating convulsions in international politics. Conventional wisdom holds that international capital markets adjusted automatically and remarkably well: Enormous amounts of money flowed into oil-rich states, and efficient markets then placed that new money in cash-poor Third World economies. This massive reallocation of wealth is labeled petrodollar recycling."--BOOK JACKET. "David Spiro has followed the money trail, and the story he tells, based on interviews and a painstaking accumulation of fragmentary evidence, contradicts the accepted beliefs both in the particulars and in broad outline. Most of the sudden flush of new oil wealth did not go to poor oil-importing countries around the globe. Instead the United States made a deal with Saudi Arabia to sell it U.S. securities in secret, a deal resulting in a substantial portion of Saudi assets being held by the U.S. government. With this arrangement, the U.S. government violated its agreements with allies in the developed world. Spiro argues that American policy makers took this action to prop up otherwise intolerable levels of U.S. public debt. In effect, recycled OPEC wealth subsidized the debt-happy policies of the U.S. government as well as the debt-happy consumerism of its citizenry."--BOOK JACKET.
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Borneo Island petrol as expensive as Sg. But if u own an petrol station..its different.. prices can go as high as they want..
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Hello, but this does not gel with the facts in recent years. Look at the data published by the Federal Reserve. Most of the Treasury debt issued in the past few years have been purchased by Asian central banks, with those of Japan and China being the largest buyers.Originally posted by orwell76:I think the current oil price hike is an American hidden tax pass on to the world for the budget deficeit in financing the war on terror and ground campagin in Iraq. Since being relected, George Bush has not raised taxes to finance the $450 billion USD buget deficeit. United States has a national debt of $ 7 trillion dollars. Where does the money to finance all this spending comes from?
As oil is priced and transacted exclusively in USD. The oil cartel is tolerated as Saudi Arabia used the petrodollar earnings to purchased US treasury bonds which infact finance the US debt as the necessary monies can be printed and put into circculation.
This arrangement was broked in 1974 by Henry Kissinger with the Saud family.
This book Hidden hand of American hegemony provides interesting details to how the system works.
The Saudis can no longer play this game because they have massive problems of their own, including a rapidly growing population that is largely young and unemployed, and thus open to exploitation by extremists. This theory might have been true in the 70s and 80s, but no longer.
If Americans want to find a reason for high oil prices, they just need to look into the mirror and their garages. They make up less than 5% of world population but consumes more than 20% of the the world's oil production. And mind you, in terms of electricity generation, only 3% of US electricity is generated using oil. Most of it is burnt in the 220 million vehicles that they own.
regards,
siginah -
Governement loves money.. no choice.
you all know how much per barrel it cost now? its USD63, or SGD107 per 196 Litres, means the cost price per litre is only S$0.545 and they sell for $1.80???
seriously, the government and petrol companies are doing a big trade.. esp when they are slow to decrease, quick to increase prices, and that say with every 2c increased in petrol, a 5c retail price is increased. (boost profit margins)
its very sad that government is letting ppl "die" and suffer with the high prices and they are not doing anythnig to help us.. and the 6% "discount", u think petrol company so good? haha.. dun forget how much they are earning with every litre sold..
the discount is PEANUTS -
and u see many companies closing shop and shifting overseas due to unreasonable tax policies..
so whos to blame? and whos playing hide and seek? -
Originally posted by 105090:you all know how much per barrel it cost now? its USD63, or SGD107 per 196 Litres, means the cost price per litre is only S$0.545 and they sell for $1.80???
Take note, USD63 per barrel is crude oil, not the gasoline or the diesel you pump into your tank. is USD63 per barrel delivered? or ex-well, ex-refinery? refining costs? yield per barrel? distribution costs? marketing cost? additive costs? tankage charges?
Of course the duty is high in the case of singapore, and government should do something about reducing the duty. Subsidising domestic oil prices will kill the economy, unless you have oil coming from your ground, as in the case of brunei, malaysia and indonesia.
Oil and gas business is a huge and complicated business, strategic for national survival, cannot use simply calculation. -
subsidising? We have oil extraction ar?Originally posted by sgdiehard:
Take note, USD63 per barrel is crude oil, not the gasoline or the diesel you pump into your tank. is USD63 per barrel delivered? or ex-well, ex-refinery? refining costs? yield per barrel? distribution costs? marketing cost? additive costs? tankage charges?
Of course the duty is high in the case of singapore, and government should do something about reducing the duty. Subsidising domestic oil prices will kill the economy, unless you have oil coming from your ground, as in the case of brunei, malaysia and indonesia.
Oil and gas business is a huge and complicated business, strategic for national survival, cannot use simply calculation. -
When petrol is cheap and there is wastage, government taxes on petrol to cut wastage.
When petrol goes up in price, and there is no wastage and economy is down, we still maintain the high petrol prices causing contractions of the economy.
When petrol goest up and up and there is pressures on profits and recessions, the same high taxes remain causing contraction and recessions and consequently unemployment.
Can't our economists among ministers and senior civil servants advice how to relaxes high petrol taxes to avoid 3/4 tank stupid rule and revive the economy in bad times.
By such creative government monies can go round the people many more times and create more job and business opportunities. Come on think out of the box and start managing the economy with open mind and be entrepreneurial in your management. !!! -
That's why, everytime a hike in petrol price. the next financial report would be they have surplus in net profit. This is the cruel and power corrupted world espeacially in singapore~!Originally posted by 105090:Governement loves money.. no choice.
you all know how much per barrel it cost now? its USD63, or SGD107 per 196 Litres, means the cost price per litre is only S$0.545 and they sell for $1.80???
seriously, the government and petrol companies are doing a big trade.. esp when they are slow to decrease, quick to increase prices, and that say with every 2c increased in petrol, a 5c retail price is increased. (boost profit margins)
its very sad that government is letting ppl "die" and suffer with the high prices and they are not doing anythnig to help us.. and the 6% "discount", u think petrol company so good? haha.. dun forget how much they are earning with every litre sold..
the discount is PEANUTS -
yeah.. SPC spokesman was quotedOriginally posted by Lowclassman:That's why, everytime a hike in petrol price. the next financial report would be they have surplus in net profit. This is the cruel and power corrupted world espeacially in singapore~!
"Our Net Profit rosed to xxx million, profit margin was xx%, boosted by rising oil prices".. means they are using rising oil prices as an excuse to raise profit margins -
Originally posted by sbst275:subsidising? We have oil extraction ar?
