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Re: Petronas urges public not to join e-mail campaign
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@bytez : thanks for the very detailed explanation

Posted on: 2008/6/18 13:33
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Re: Petronas urges public not to join e-mail campaign
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Wow, amazing really.

First, it's spam, and who takes spam seriously? Secondly, the more you try to deny something which comes from a trivial source (read: spam) then people would suspect more.

Petronas is a government-linked company; and what the government does, it affects the company, and what happens to the company would affect Mr Smiley Face & son-in-law's piggy bank.

However, the numbers have some vein of truth yet can be adjusted to suit one's needs. True, most oil producing nations have cheap subsidized rates, almost as cheap as water in Venezuela, but keep in mind, those are major oil-producing countries, that export oil endlessly, have massive oil reserves. In the same vein, these countries have currencies that are lower in value compared to ours, so it might distort the numbers slightly.

Malaysia may be a major oil and gas producing country, but we are a major Southeast Asian player. When compared to Nigeria, the Middle East, 'Pipeline-istan' and Venezuela, we are nothing. However, even if we cannot compare ourselves to these bunch, we still have enough room for subsidies, as our currencies and forex earnings allow it.

Posted on: 2008/6/18 13:54
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Re: Petronas urges public not to join e-mail campaign
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June 18, 2008 17:18 PM

Boycotting Petronas Products Can Hurt Businesses Of Entrepreneurs

KUALA LUMPUR, June 18 (Bernama) -- Boycotting Petronas products following the recent fuel price hike can affect all the entrepreneurs in the chain of business.

In stating this, Petronas' president and chief executive officer Tan Sri Mohd Hassan Marican said the businesses of all those involved would suffer if there was such a boycott.

"A boycott means boycotting products at Petronas Dagangan stations. Petronas Dagangan is listed on Bursa Malaysia and the station operators are local entrepreneurs. If their businesses suffer, companies servicing them will also suffer," Mohd Hassan said.

"It's up to the consumers to think carefully about this," he said when interviewed on the RTM1 programme "Meeting the Media" last night.

He was commenting on reports of a campaign to boycott Petronas products circulated by e-mail recently.

Mohd Hassan also said that the recent fuel price hike was not caused by Petronas but due to the increase in global oil prices.


"So is it fair for the station operators numbering over 800 to be punished for the high fuel prices? It is up to the individual concerned to think about this," he said.


On developing a national oil stockpile, Mohd Hassan said the cost of preparing a stockpile was huge as it required the construction of oil storage facilities.

Furthermore, as an oil exporter, Malaysia has capacity which could be used if pressured, he said.

"So I don't think a national oil stockpile is needed because of the huge cost involved," he added.

-- BERNAMA

Posted on: 2008/6/19 17:29
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Re: Petronas urges public not to join e-mail campaign
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Quote:

webbie wrote:
June 18, 2008 17:18 PM


"So is it fair for the station operators numbering over 800 to be punished for the high fuel prices? It is up to the individual concerned to think about this," he said.


-- BERNAMA


So.. does this mean the public will need to suffer for high fuel prices? lol.

Posted on: 2008/6/19 17:31
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Re: Petronas urges public not to join e-mail campaign
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For the sake of 800, 24 million must suffer. Yes, now that we look at it this was, yes, it does make sense. [sarcasm implied]

And I love this quote from Mr Marican in the article below. "...the recent fuel price hike was not caused by Petronas but due to the increase in global oil prices."

True, true. The recent fuel hike was caused by the government, who has a controlling share in Petronas, because of an increase in global oil prices.

Posted on: 2008/6/19 23:14
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