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WHAT IS NEVER MENTIONED IN Mainstream Media..


This is a very good and informative read. Digest the facts and numbers: :up:

WHAT IS NEVER MENTIONED IN Mainstream Media like NST/TheStar/Utusan Malaysia/Berita Harian are these facts….

Malaysian Per Capita Income USD 5000 VS Singaporean Per Capita Income USD 25000

Furthermore, The Star made a comparison of prices in Thailand , Singapore and Indonesia .

For Thailand it is quoted at RM3.90/liter, however are they aware that in Thailand new cars are cheaper than Malaysia by RM10,000? They pay only one life time for their driving license? No renewal fee after that? Also that goes for road tax as well? And do The Star also aware that you can drive all the way from Haadyai to Bangkok on a six lane highway without paying any Tolls ??!! Whereas here in Malaysia you have to pay yearly renewal for road tax , driving license and TOLLS, TOLLS, TOLLS!!!

For Singapore how can you quote RM 5.20 ? Please quote in Singapore Dollars because they are earning in Sing Dollars. You might as well say Europeans are paying RM10/liter. RM5.20/liter = Sing $ 2.20/liter, still cheaper than Malaysia in view of fact that Singapore is not a crude oil exporter. Are you saying that you fill up petrol in Singapore by paying Ringgit? Dumbass!

In economy, dollar to dollar must be compared as apple to apple. Not comparing like durian in M’sia is much cheaper than durian in Japan!! Of course-lah, Japan is not durian producer!!! Comparing Malaysian durian with Thailand durian make more sense!!

For Indonesia we might say is cheaper there at RM2.07/liter but compare that to their level of income!

Now, let us compare the price with OIL PRODUCING countries:

UAE – RM1.19/litre
Eygpt – RM1.03/litre
Bahrain – RM0.87/litre
Qatar – RM0.68/litre
Kuwait – RM0.67/litre
Saudi Arabia – RM0.38/litre
Iran – RM0.35/litre
Nigeria – RM0.32/litre
Turkmenistan – RM0.25/litre
Venezuela – RM0.16/litre
MALAYSIA – RM2.70/litre

RM 2.70!!! Individual perspective:

As of last month a Toyota Vios would ’cause a damage’ of about RM 89,000.
In the international market, a Toyota Vios is about USD 19,000
USD 19,000 = RM 62,700 (using the indicative rates of USD 1 = RM 3.30)

That makes Malaysian Vios owners pay an extra RM 26,300.

This RM 26,300 should be cost of operations, profit and tax because the transportation costs have been factored in to the USD 19,000.

RM 26,300/ RM625 petrol rebate per year translates to a Vios being used for 42.08 years!

I do understand that the RM 625 is a rebate given by the government, but it also means that one has to use the Vios for 42.08 years just to make back the amount paid in taxes for the usage of a foreign car. Would anyone use any kind of car for that long?

Now with these numbers in front of us, does the subsidy sound like a subsidy or does it sound like a penalty? This just seems to be a heavy increment in our daily cost of living as we are not only charged with high car taxes but also with a drastic increase in fuel price.

With all the numbers listed out, I urge all Malaysians to join me in analyzing the situation further.

Car taxation is government profit, fuel sales is Petronas’ (GLC) profit which also translates into government profit. The government may ridicule us Malaysians by saying look at the world market and fuel price world wide. Please, we are Malaysians, we fought of the British, had a international port in the early centuries (Malacca), home to a racially mixed nation and most important is WE ARE NOT STUPID!!!

We know the international rates are above the USD 130/barrel. We understand the fact that the fuel prices are increasing worldwide and we also know that major scientist are still contradicting on why this phenomenon is happening. Some blame Bush and his plunders around the world and some blame climate change and there are others which say petroleum ‘wells’ are getting scarce.

Again we go back to numbers to be more straight forward

1 barrel = 159 liters x RM2.70/liter = RM 429 or USD 134

On 1 hand, we are paying the full cost of 1 barrel of crude oil with RM2.70 per liter but on the other hand the crude oil only produces 46% of fuel.

Malaysia sells crude oil per barrel at USD130 buys back Fuel per barrel at USD134. And not forgetting, every barrel of fuel is produced with 2 barrels of crude oil.

1 barrel crude oil = produce 46% fuel (or half of crude oil), therefore
2 barrel crude oil = approximately 1 barrel fuel

In other words, each time we sell 2 barrels of crude oil, equivalently we will buy back 1 barrel of fuel.

Financially,

Malaysia sell 2 barrel crude oil @ USD 130/barrel = USD 260 = RM 858
then, Malaysia will buy back fuel @ USD 134/barrel = RM 442/barrel
Thus, Malaysia earn net extra USD 126 = RM 416 for each 2 barrel of crude sold/exported vs imported 1 barrel of fuel !!!
(USD 260-134 = USD 126 = RM416)

So where this extra USD 126/barrel income is channeled to by Malaysian Govt?????????

Another analysis:

1 barrel crude oil = 159 liters.
46-47% of a barrel of crude oil = fuel that we use in our vehicles.
46% of 159 = 73.14 liters.

@ RM 2.70/liter x 73.14 liter = RM197.48 of fuel per barrel of crude oil. This is only 46% of the barrel, mind you. Using RM 3.30 = USD 1, we get that a barrel of crude oil produces USD 59.84 worth of petrol fuel (46% of 1barrel).
USD 59.84 of USD 130/barrel turns out to be 46% of a barrel as well.

Another 54% = bitumen, kerosene, and natural gases and so many more.
And this makes a balance of USD 70.16 that has not been accounted for.

So this is where I got curious. Where is the subsidy if we are paying 100% of the price of a barrel of crude oil when the production of petrol/barrel of crude oil is still only 46%?

In actual fact, we still pay for this as they are charged in the forms of fuel surcharge by airlines and road taxes for the building of road (because they use the tar/bitumen) and many more excuse charging us but let us just leave all that out of our calculations.

As far as I know, only the politicians who live in Putrajaya and come for their Parliament meetings in Kuala Lumpur (approximately 60+ km) are the ones to gain as they claim their fuel and toll charges from the money of the RAKYAT’s TAX.

It is so disappointing to see this happen time and time again to the Malaysian public, where they are deceived by the propaganda held by the politicians and the controls they have over the press.

Which stupid idiot economist equates rebates for rich or poor with the cc of the vehicles?! An average office clerk may own a second hand 1300cc proton Iswara costing $7,000 (rebate = $625) while the Datuk’s children can own a fleet of 10 new cars of BMW, Audi and Volvo all less than 2000cc costing $2 millions and get a total rebate of $625 x 10 = $6,250! Wow what kind of economists we are keeping in Malaysia…wonder which phD certificate that they bought from…

Misleading concept of Subsidy:

The word “subsidy” has been brandished by the BN government as if it has so generously helped the rakyat and in doing so incurred losses. This simple example will help to explain the fallacy:

Example:
Ahmad is a fisherman. He sells a fish to you at $10 which is below the market value of $15. Let’s assume that he caught the fish from the abundance of the sea at little or no cost. Ahmad claims that since the market value of the fish is $15 and he sold you the fish for $10, he had subsidised you $5 and therefore made a loss of $5.

Question : Did Ahmad actually make a profit of $10 or loss of $5 which he claimed is the subsidy?

Answer:
Ahmad makes a profit of $10 which is the difference of the selling price ($10) minus the cost price ($0 since the fish was caught from the abundance of the sea). There is no subsidy as claimed by Ahmad.

The BN government claims that it is a subsidy because the oil is kept and treated as somebody else’s property (ehem). By right, the oil belongs to all citizens of the country and the government is a trustee for the citizens. So as in the above simple example, the BN government cannot claim that it has subsidised the citizen!

ps: I am not responsible if you suffer brain damage from trying to understand the facts and calculations above :arrow:

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11 Responses to “WHAT IS NEVER MENTIONED IN Mainstream Media..”

  1. angeles wrote on Jun 13, 2008 at 12:19 pm

    *cuntfirmed brain is damaged* 😕

    [Reply]

  2. eD wrote on Jun 13, 2008 at 5:54 pm

    what most people failed to realise is that demand for petrol in M’sia far,far exceed Petronas production,thus making the profit gained by Petronas for the oil price hike near useless.

    but I still agree with you.car rebate is stupid,yes.they rather than making the car rebate available for the whole M’sian,why not open it only to those who really need it?like people with income per month of RM4k will not enjoy the car rebate,and the extra money can be given to those who who needs it.

    my personal opinion,we really cant compare Msia to those country that u mentioned above.none of them can be considered negara maju.negara2 maju di dunia skrg kebykan x bg subsidi,only Msia still gives subsidy to its citizen.but I’m of the opinion that rather than cutting down the subsidy,the subsidy SHOULD BE STRICTLY given to those who need it.let those wakil rakyat,org2 kaya Msia pay full price for petrol.then it’ll be fair.how’s that sound?

    [Reply]

  3. NoktahHitam wrote on Jun 14, 2008 at 5:21 am

    Memperbodohkan rakyat sendiri. FUCK YOU MEDIAs!

    I actually plan on printing 10,000 copies of the ill-mannered medias. Pastu pass around kt LRT. Boleh tgk hot chicks :kiss:

    [Reply]

  4. bongkersz wrote on Jun 15, 2008 at 2:08 pm

    yes, demand for petrol here is ridiculous, thanks to the way beyond normal car ownership if you take into account of our GDP.Malaysia also has one of the highest per capita car ownership ratio in the world!

    hmm.. then it is sad to be rich, because it seems that it is a sin to be rich because although rich and paying high tax (poor people do not pay that much tax and no personal taxation :)), you cannot enjoy the benefits given by the government. if you say let only the orang kaya pay full price for their petrol to be fair.. sooner or later somebody will say why should the rich pay high tax if they do not enjoy the benefits? or why the poor want to have cars if they can’t afford it? never ending story…

    what is appropriate in my opinion.. do away with the subsidy, plan ahead to introduce long term measures of helping the people. give them choice to choose in difficult situations. like now, public transportation system is Malaysia is in a mess. we have more than 8 bodies with overlapping juridictions and regulations, do we really need all that? government should stop introducing knee-jerk solutions (more like reactions), reduce wastage and no ‘marginalisation’ of any group because all Malaysians should get what they deserve as a citizen, whether they are poor or rich.

    [Reply]

  5. bongkersz wrote on Jun 15, 2008 at 2:24 pm

    good idea dude 😛 cuci mata.. sambil berbakti kepada rakyat 😀 :up:

    [Reply]

  6. Coral wrote on Jun 15, 2008 at 5:53 pm

    I think you did a great explanation on the oil price and subsidy, though panjang lebar and mendalam. Haha.. u can be a good teacher if u wanna quit from being engineer. 🙂

    [Reply]

  7. bongkersz wrote on Jun 15, 2008 at 11:01 pm

    really? 😛 i don’t think cikgu suituapui agrees with that 😛 what kind of teacher with a botak head looks like samseng.. he would say 😀 kakaka!

    [Reply]

  8. |1f34|-|1r3 wrote on Jun 19, 2008 at 1:53 am

    what a nice piece of post…great job..can I repost this article back on my blog? I’ll link it back to your blog… :up: :up:

    [Reply]

  9. bongkersz wrote on Jun 19, 2008 at 9:17 am

    sure! spread the love man 🙂 you probably want to check out these links as well..

    Kickdefella Bares All
    Data Bukti Kerajaan Selesa Dengan Kenaikan Harga Minyak

    :up: :up:

    updated: oh, i went to your blog, you read kickdefella as well 😀

    [Reply]

  10. |1f34|-|1r3 wrote on Jun 19, 2008 at 4:33 pm

    cantek…tenkiu2….kickdefella aku mmg tetiap hari usha….yg kickdefella bares all tuh pon aku dh repost dh..hehe… 😆

    aku nak buat kijang care watch lak lepas nii…nak support kijang care..aku org kelate…hehe

    [Reply]

  11. bongkersz wrote on Jun 19, 2008 at 4:37 pm

    haha! yeah, aku baru jer translate kickdefella punya latest post and repost it on my blog. nyahahahaha!

    [Reply]

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