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Presently, banyak negara risau and concern that Oil Price globally is spiralling up again to pre-sub prime crisis. Yes ! semua tahu sebab-musababnye but what can we do ? I don’t have the answer but probably the information downloadable below can ease some worry – supply side is greater than demand side of oil. That’s what analyst say, but why harga minyak naik if supply lebih dari demand ? The answer is that FEAR & CONCERN of future. Tambahan lagi golongan speculators yang ambil kesempatan situasi semasa.
Generally FEAR datangnya dari – bagaimana kerajaan negara nak tanggung subsidy minyak and for negara yang tiada subsidy minyak, the price movement is directly ditanggung oleh consumer. Harga minyak pula ada multiplier effect – harga pelbagai barang akan naik sama and eat up a company’s profit margin, if tak di pass ke pembeli. But I say, the real reason is FEAR – panic and kurang understand tentang fundamentals. But when everyone thinks alike, what else can we do but to maybe consume less minyak. Kurangkan driving kereta. Makan makanan yang rebus-rebus or stim-stim je (kurang pakai minyak masak) dan maybe kurangkan pembaziran dalam segala aspek hidup kita. We are trully blessed and sometime a spoilt bunch of nation.
Recap harga minyak dunia – peaked @ USD145/barrel (July 2008) before sub-prime crisis di USA, then bottomed at USD 31/barrel (Dec 2008). Now hovering above USD100 to USD105 today (7 March 2011).
So, Iqra’ then fikir-fikirkan lah !
List of Countries significant to Oil reserve – production – consumption globally can be downloadable below :
1. Oil Reserve (details download here)
- Top 10 – Saudi > Canada > Iran > Iraq > Kuwait > Venezuela > UAE > Rusia > Libya > Nigeria
- USA ranked 13
- Malaysia ranked 30
(Wikipedia carries statement “dispute re reserve data” . I believe only Allah knows what the true figures are)
2. Oil Production (details download here)
- oil production countries tak semestinya sama dengan oil supply – “oil production” refers to barrels of oil “extracted” each day. Recently Saudi Arabia increased their production by 4 juta barrels/day. Banyaknye !
- Top 10 – Rusia > Saudi > USA > Iran > China > Canada > UAE >Mexico > Kuwait > Iraq
- Malaysia ranked 27
- Libya ranked 18
3. Oil Consumption (details download here)
- Top 10 – USA > EU > China > Japan > India > Russia > Brazil > Germany > Saudi Arabia > South Korea > Canada
- Malaysia ranked 30 (not bad for a small country – see I told you, we’re a wasteful lot
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