The other side oil price increase

Not to say our government did all the right things in handling this crisis - still can save money in so many other areas... but need to look at this issue of oil price in perspective.

Most people when say oil price increase for Malaysia as an oil producing country shouldn't be expensive and based much of their argument on this chart:



But another aspect to look at this issue is this , quote:

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We still can't compare Malaysia with those oil producing countries. Even though we are one of the oil producing countries but take a look at this. http://en.wikipedia.org/wiki/Chart_of_exports_and_production_of_oil_by_nation

The rate of net exports and production of Saudi Arabia are 9.0 and 10.9 respectively. And Malaysia? It is only 0.3 and 0.8 respectively. You can see how big the differences are.

Yes, we know that Malaysia is one of the oil producing countries but we produce very little amount of oil compared to those countries on your table such as UAE, Egypt, Bahrain, Kuwait, Saudi Arabia, Iran etc.

So in the end, our petrol price is still the cheapest among the world.
[ Last edited by pingshien at 6-6-2008 04:27 PM ]

"

Anyway prices of oil has gone up more than 400% while our current oil price gone up about 40%.

So what are we to do - change our lifestyle will be the best thing to do.

Our church is just opposite the Serdang Komuter station - why not take komuter or bus there? Yeah i know... our public transport is still super bad and all that stuff but a little bit of hardship is perhaps what we all need to wake up from our comfort zone.

Gone were the days where people would take change 3 or 4 modes of public transport to go to church - nowadays sometimes if got no people fetch to church, don't want to go. The funny things is - many people can take public transport and effort to go to far far places like Sunway Pyramid, One-U, Midvalley for shopping, lepaking-ing, jalan-ning but to take a little more effort to go somewhere nearer like... errr ... Serdang seems so difficult? Try to do the maths yourself....

Ok, enough about that - can all of us come up with good ways to save money while going through this economic crisis?

1. Car pool - share the cost with all the passengers to chip in. Remember, those who tumpang car should share travel cost with driver.
   
   
2. Cut down smoking - i read a report few days ago someone spent almost RM200 per month on cigarettes. looks like an encouragement to quit the bad habit.
   
   
3. Cut down on food - enocurage us to fast and pray more eh? hehehe...
   
   
4. Live simpler lifestyle - don't always upgrade to the latest handphones, computers or gadgets, etc. Use what you have.
   
   
5. etc...

You guys continue lah...