A half truth is worse than a lie
Thursday, 2. March 2006, 16:16:33
NSTP - The net reason (oil).pdf
The net reason
Speaking over national television, Datuk Seri Najib Razak said that if the current consumption rate of fuel were allowed to go unchecked, Malaysia would become a net importer of oil by 2010.
The chairman of the Cabinet Committee on Fuel Prices said Malaysia was at present a small net exporter.
"The figure is only about 75,000 barrels a day. Our production is stagnant at 650,000 barrels a day. But our consumption is going up. So the gap is narrowing.....
The "real" reason
Our oil production is not stagnant, it's declining. This act of sugar-coating the truth denies the ability of the populous to correctly gauge a threat by allowing them a sense of unfounded safety. Soon we will see the kerbau(@ reindeer) in the headlight; but only when it's too late.
The net reason
Speaking over national television, Datuk Seri Najib Razak said that if the current consumption rate of fuel were allowed to go unchecked, Malaysia would become a net importer of oil by 2010.
The chairman of the Cabinet Committee on Fuel Prices said Malaysia was at present a small net exporter.
"The figure is only about 75,000 barrels a day. Our production is stagnant at 650,000 barrels a day. But our consumption is going up. So the gap is narrowing.....
The "real" reason
Our oil production is not stagnant, it's declining. This act of sugar-coating the truth denies the ability of the populous to correctly gauge a threat by allowing them a sense of unfounded safety. Soon we will see the kerbau(@ reindeer) in the headlight; but only when it's too late.
WIDGETIZE
Anonymous # 8. March 2006, 05:14
Hi, cicaklaut (SeaLizard). How are U ? Do U have 'teh tarik' (coffee + milk) over there ? I am from East Malaysia, Borneo.
Last year Malaysia petroleum production drop 6.95% from 741,900 barrels a
day to 690,300 barrels a day ?? If Najib is correct, current Malaysia
production is 650,000 barrels a day. A frightening decline rate of 11.67%
per annum. Within 4 years , Malaysia will be net importer of oil.
Inverse(520,000/690300) / 0.0695 = -4.07 years
The year is 2006. So 2006 + 4.07 ~ 2010 Net Importer (Gov edition)
The year is Sep 2005(Petronas unaudited result) + 4.07 years ~ 2009 Net Importer (Logical edition)
Demand is assumed to remained at current 520,000 barrels a day for 5 years. I just calculate the year when supply meet demand. Scary !! Personally I think 2008 will be the time when 'kambing dapat tidur atas jalan' (goat can sleep on the road).
I still thinking of frozen lizards in the lab. Hopefully you fare better than that.
cicaklaut # 8. March 2006, 13:24
I don't think the crash will be that bad, that soon though I agree that the roads will reach a state when very few vehicles pass through it.
If your vision comes true, I'll just hop back to Malaysia, Truly Asia (and Truly Warm). Nowadays, I never complain that it's too hot back home.
Anonymous # 14. August 2009, 07:09
Assalamualaikum bro.I think this is my first time I'm chatting with you.If you have free time you could open my blog(zulkarnainbicarahikmah).Ok,that is all for today.Wassalam.