Desi has heard the Government's rationalisation of having to cut the subsidies element in many utilities to "explain away" the rising costs of living encountered by the people. The Rakyat is being told ONLY HALF THE STORY as far as our nation's rcihest oil resource -- petroleum and its related product, gas -- is concerned.
First, PM Najib Razak uged the people to tighten their belt. His prosperous wife Datin Rosmah Mansor chirps in with similar motherly-sounding appeals, but we all all it's crab -- she's given a budget of RM110million to run a programme named Permata for socalled "young giftted children", and she runs up huge travelling bills representing Malaysia overseas as if she held the Foreign Minister's portfolio. And continuong to justify prestigious sounding programmes selling her First Lady status as if she has special IQ to offer other countries ladies of similar status BUT NOT BRAGGING IT!
This is pulling "wool over the people's eyes" -- and the Deputy Finance Minister Dr Awang is joining in the chorus of government's lamenters, but doing not much to help the suffering Rakyat.
From The Star Online, viz:
*
Saturday May 21, 2011
Awang: Support move to reduce subsidy
BACHOK: Deputy Finance Minister Senator Datuk Dr Awang Adek Hussin has urged the people to support the Government in its initiative to reduce mounting subsidy bills, which had shot up from RM10.3bil last year to RM20.58bil this year.
He added that the Government would conduct a detailed study to ensure that any move to review the subsidy would not burden the poor.
Speaking to reporters after meeting residents of Kampung Telong here yesterday, he said the results would be announced once feedback had been received from agencies conducting the study.
He was commenting on fears, especially in the rural areas, of rising costs following the possibility of subsidy revision which includes the subsidy for RON95 petrol.
Deputy Prime Minister Tan Sri Muhyiddin Yassin had previously said RM18bil of this year’s subsidy was petroleum related compared to RM8bil last year.
“The increase is too steep ... no country would be willing to shoulder such a burden,” Awang Adek said. — Bernama
DESIDERATA: Every time PETRONAS -- the company supposedly to hold the nation's resource IN TRUST for the Rakyat -- announced its annual revenues and profits, it has been an uptrending line for the past five years since this Blog started tomonitor the figures. BUT DID/DO THE RAKYAT SEE ANY BENEFITS ACCRUING FROM "OUR" NATION'S RESOURCE?
NO! You know why?
Every time the world oil prices goes up, the BN government keeps harping on the "subsidy" element on the imported oil which we use, then justify a subsidy cut to justify the prices AT THE PUMP BEING RAISED.
Desi has been lamenting every year that the BN government is plainly BULL-SHITTING US justifying the subsidy cut, hence followed by pump price rise.
The OTHER HALF of the story NOT TOLD, but quite lone-voice Desi hear pushing till his voiz goes hoarse -- like the desert sun is hurting me through the skin! -- is that whatever the subsidy element, say x, that is reduced, PETRONAS GETS A REVENUE, and PROFIT INCREASE!, say Y, where Y IS GREATER THAN x.
If fact, Desi stands corrected by recalling that a Reuters report he once read that for every USD1 rise for a barrel of oil, Malaysia stood to gain like USD1billion or is it 2 BILLION USD! ( searched my email and blog archives, could NOT retrieve these numbers -- any one out there who can help me, please put in under COMMENTS, please! Endless rounds of oil -- oops, tehtarik! -- on Desi for the favour.
That's the reality of world oil price increase -- NegaraKu is a NET GAINER, You know WHY?
Because as I keep drumming into the Finance Minister and Deputy Finance Ministers' hardrock heads that MALAYSIA IS A NET PRODUCER AND NET EXPORTER OF PETROLEUM.
Furthermore, our OIL EXPORTS ARE OF A HIGHER GRADE THAN OIL IMPORTS -- hence they call it sweets, not for no reason! -- AND COMMAND A PREMIUM PRICE.
So everything being equal, every time there is a world oil price increase,we should be given a REDUCTION in pump oil price...IF PETRONAS PASSES ON THE HIGHER REVENUES/PROFITS TO BENEFIT THE PEOPLE!
I remind our ER that Opposition Leader Anwar Ibrahim in fact promised during the GE12 campaign that BARISAN RAKYAT, SHOULD IT BE ELECTED AT THE FEDERAL GOVERNMENT LEVEL, WOULD REDUCE THE OIL PPRICES AT THE PUMP THE DAY AFTER TAKING OVER FROM THE BN GOVERNMENT.
He reiterated the same promise when campaiging at the recent SARAWAK STATE ELECTION.
Anwar knows what he can, or cannot deliver, BECAUSE AS A FORMER DPM and FINANCE MINISTER< HE KNOWS THE REAL SITUATION AT PETRONAS. The current BN government is hiding the real story from the Rakyat!
I will end with a prayer of desperation...
O'Mighty God, How much loner can we tolerate these BN ministerial liars and their wives and their lackeys?
Protect our nation's natural riches, Save us from daylight, and midnight, robbers!
AMEN/AMIN
6 comments:
Here is another version of the other half of "holier than thou" subsidies story.
Once upon a time there was a little bunny walking through the woods when he came across a giraffe rolling a joint. The little bunny quickly said, "Mr. Giraffe, why are you smoking marijuana? Drugs are bad, you should take a walk with me and I will show you the wonderful forest." The giraffe agreed and walked with the little bunny.
On there walk they came across a big elephent that was about to do a line of coke. The little bunny quickly said, "Mr. Elephant, why are you doing cocaine? Drugs are bad, you should take a walk with me and I will show you the wonderful forest." The elephant agreed and walked with the little bunnyand the giraffe.
They soon come across a lion about to shoot up herion. The little bunny quickly said, "Mr. Lion, why are you doing herion? Drugs are bad, you should take a walk with me and I will show you the wonderful forest." Just then, the lion beat up the little bunny. The giraffe and the elephant quickly said, "Why did you beat up our friend?".
The lion responded saying, "Every time that damn bunny does ecstasy I have to walk through the forest with him ."
Hi moot -- you knotty BUM MIA for such a "long" dime!:) What's hapening about your PR efforts to get 20Miliion for my Midnight Voiz abode? OK, 30% is yours, top up to 50% if the offer at oBoy is in USD! Butt if it's in Rupiahs, get OOUCH of hear!:)
PS: C U on JUne 11 at KLSCAH BUNNY11OK --surf to bum4msia.wordpress.com for de tails/heads2:):)
PPS: Now go sell Dadah to the UMNO buggers:(:(
Government is giving us a doomsday story, how subsidies are killing us. What was no explained, where exactly all the subsidies went, in what proportion & in compartmentalised figures. Up to now, they said subsidies raked up 20B but this figure just doesnt add up. We have about 5 million households(maybe less) out of the 26m population, meaning Rm4000 was given out as subsidies to each household for the past 4 months. If this is so, something is very wrong, we are paying on things which are supposed to be completely free to us.
Government is giving us a doomsday story, how subsidies are killing us. What was no explained, where exactly all the subsidies went, in what proportion & in compartmentalised figures. Up to now, they said subsidies raked up 20B but this figure just doesnt add up. We have about 5 million households(maybe less) out of the 26m population, meaning Rm4000 was given out as subsidies to each household for the past 4 months. If this is so, something is very wrong, we are paying on things which are supposed to be completely free to us.
Dear Sdr WillW: 2 s-miles to greAt thee after a long absence!:):)
YES< the Government has NOT been telling us the whole story about subsidies; my focus is on JUST ONE NATURAL RESOURCE -- petroleum -- BUT national oil corporation holding the precious black gold on OUR behalf, PETRONAS is answerable only to the PM and close-knit board; not even obliged to account to Parliament.
Over next one week, I will do an Update piece and I hope my dear ESTEEMEDREADERS (ER remember my offer of endless rounds of tehtarik?:) can help by sending to meany useful information pertaining to Petronas Accpunts,via chongyl2000@yahoo.com. Tks a milllion droplets of Petronas oil...:)
Since malaysia is a net oil producing country, subsidy should continue to the fullest and it is the job of Petronas to ensure this. It is like a food producing farmer saying to his family that since the price of crop that he produces has double, he no longer has to feed them that much, his family consumption has to be halved. Should our government mentality be like this farmer?
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