- How come prices of cooking gas has not come down?
- Oil and gas prices have crashed.
- Petrol is now RM1.25 per liter.
- How come cooking gas has not come down?
- It is still RM29 or RM30 per cylinder.
- The price of cooking gas should reflect lower oil prices.
- The price of cooking gas should also be reduced by at least 40% ie only about RM18 per cylinder.
- I say kerajaan yang prihatin dan mesra rakyat – tolong kurangkan harga gas masak.
Post corona virus there is not going to be any more “new world order” than what is there already.
The Saudi Arabian genocide in Yemen will still continue.
The United Nations will be in active collusion in this genocide.
The UN will most likely appoint another British fellow as their mediator or negotiator. It has happened so many times in so many conflicts where the British have an interest. Nothing much will change there.
In Afghanistan the Taliban has thrown their peace agreement (with the US – not with the government in Kabul) into the dustbin. Yesterday the Taliban carried out 55 attacks against government troops in Afghanistan. The US maintains 3,000 – 5,000 troops in Afghanistan and they will soon leave entirely. The Taliban will over run Kabul – again. Afghanistan will be plunged into yet more decades of suffering, violence and bloodshed. The women will pay a higher price – simply because they were born as women.
So nothing will change there. Except if Mr Putin steps in (which he has begun to) and can provide the Taliban with some much needed guidance. Then the equation might improve a little.
In the graph above the curve began rising in the 1st week of March 2020.
It is expected to be almost over (97% cases would have ended) by 8th of May 2020.
That is 69 days.
Again it is close to that 70 day prediction by the Israeli mathematician.
Lets hope that is what happens.
Then we may not even need a vaccine with such urgency.
WHAT SHOULD WE DO ?
There is no perfect solution. This situation is unprecedented.
1. I would suggest a return to basic analysis.
200 years ago on Earth (or even 100 years ago here) production was mostly individual. A man and his family produced for their own needs. It was an agrarian world. Wealth and value was in land, livestock and farm animals.
Now in the modern age almost all production is a collective effort.
Almost no one produces for his own sustenance all by himself.
Even agriculture depends on its supply chain.
Basic secondary school analysis.
The ‘collective’ is therefore critical.
Take care of the factories, businesses, companies, cooperatives and make sure they get back on their feet.
Now I have said the following before.
2. In Malaysia this does NOT mean spending taxpayers money.
No need to spend taxpayers money all the time.
In Malaysia there is a much simpler method.
Do not be a stumbling block. Do not prevent people from achieving what they can achieve.
For example the government should just get out of business.
Why does the government want to compete (through monopolies and oligopolies) and put the private sector out of business?
Semua disapu GLC yang tak tahu niaga.
Akhir sekali bila GLC bankrap, ekonomi negara pun hancur.
3. Put back the demand and supply equations back into full speed again.
How come the price of cooking gas has not come down?
Oil and gas prices have crashed.
Petrol is now RM1.25 per liter.
How come the price of cooking gas has not come down?
It is still RM29 or RM30 per cylinder.
The price of cooking gas should also reflect the crash in oil prices.
The price of cooking gas should also be reduced by at least 40% ie only about RM18 per cylinder.
I say kerajaan yang prihatin dan mesra rakyat – tolong kurangkan harga gas masak.
Itulah akibat kerajaan bagi lesen monopoli dan oligopoly.
Lesen monopoli itu riba. Riba itu haram.
Telan duit monopoli itu telan api. Tunggu bala saja.
Get TNB to cut the electricity tariffs proportionate to the drop in fuel prices. If oil prices have crashed 40%, then TNB tariffs should also be cut by 40%. Since TNB uses a coal, the price for coal has also crashed.
Lower fuel prices and lower electricity prices will benefit the entire economy in no time. Businesses and factories (the “collectives”) that are suffering poor sales and weak cashflows will at least enjoy savings in fuel and electricity costs.
These ‘collectives” where the majority of human beings gather to earn a living will benefit. They will be able to get up and go much faster. The economy will move.
Nobody is asking TNB (licensed monopoly) to become the Jabatan Kebajikan Masyarakat.
Just make sure cooking gas and electricity tariffs capture the crash in oil prices.
PLEASE DO NOT CHEAT THE PEOPLE.
4. FREEZE PEROL PRICES FOR SAY TWO YEARS.
Oil prices are NOW super low. It WILL move up once the Corona dies down.
Can the government help the oil companies to freeze petrol pump prices for as long as possible. Say 24 months?
Lock in your oil futures contracts for 12 months or longer.
If petrol prices go up, pump prices do not.
If petrol prices go down, pump prices still go down.
Fix a ceiling price but no floor price.
I believe there are simple ways (financially) for the oil traders to make this happen.
Its called the futures market lah. The oil traders will know what to do.
But why the hell should the oil companies do this?
Oil companies are not the Jabatan Kebajikan Masyarakat.
Well the government can help the oil companies to buy forward and fix pump prices by giving them special soft loans over this term (short term loans). To help increase their ROIs a little. Their share prices will also move up.
Or the government can give the oil companies tax concessions (like x % tax reduction) for say TWO years once they agree to lock in pump prices at today’s prices (or less). Tolong sama tolong lah.
Why the hell should the government do this for the people?
Because the government is the Jabatan Kebajikan Masyarakat.
Because this is an emergency situation.
This is a keadaan darurat.
Our economy was already dying before the corona virus.
Then two things happened – the oil prices crashed and then the corona virus came.
Oil prices crashing is very, very good for us the people.
But very bad for the government which needs oil revenue.
The corona virus has created massive problems for everyone.
The economy is even more worse.
But there is a silver lining – low oil prices.
However these very low oil prices will not last forever.
But if we can lock our pump prices for 24 months (or even for 12 months) then there will be much savings for the “collectives” in our economy.
Factories, hotels, restaurants etc where Malaysians gather “collectively” to earn a living will find it easier to survive.
The people will benefit and the economy can swing back faster.
Ingat baik-baik – Always people first.
Boleh faham ke?
5. Suspend Minimum Wages
And as I said earlier please suspend the Minimum Wages – for at least 5 years.
I have many more suggestions but no time for now.
Dont you wish I was the Finance Minister?