Depleting national oil reserves?
Some quotes from the Domestic Trade and Consumers Affairs Minister, Datuk Shahrir Abdul Samad:
- The figures are worrisome. Based on estimates – and cavernous appetite of Malaysians in using fuel – Shahrir reckons it will be about 10 years before the estimated 3bil barrel of oil reserve runs dry.
- “My calculations show that Malaysia has 106 barrels of reserve oil per capita. Compare this with Brunei's 2,007, Saudi Arabia's 11,000 and Kuwait's 37,000.
- Fuel subsidies make up some 50% of the country’s total subsidy bill, and with the spiralling global oil price, it alone will siphon off a sizeable portion of the government's expenditure.
- Fuel subsidies should be gradually reduced...
On a positive note,
Travellers impressed to see Lim flying economy class
Some things have not changed with Lim Guan Eng, although he is now the Penang Chief Minister.
And among that is his penchant for economy class air travel.
As the chief executive of Penang, Lim is entitled to a business class seat but he is having none of it.
Source: The Star
Great showing by Lim, going economy class.. Up close and personal?
ReplyDeleteYes, great showing. Good that someone picked it up and spread the good word. This story was actually from this blog:
ReplyDeletehttp://mrmanager.blogspot.com
Check out the interesting post on it. The picture is also from there.
Last check, the population of Brunei is 391,450 (wikipedia). On 'absolute' term, it looks like Malaysia has higher level of oil reserve.
ReplyDeleteIt is great to hear that Lim Guan Eng fly in economy class, but that doesn't equate him to be a good CM.
It is great to hear that Lim Guan Eng fly in economy class, but that doesn't equate him to be a good CM.
ReplyDeleteOf course. He's only human. Similarly, we do good things, we do bad things, that doesn't make us good or bad. Am I making sense? Nevermind......