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Oil Price

ekekeg
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17-Oct-2008 10:10

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Why when the price of crude falls we are beginning to pay higher electricity bills?

Is it because office bureaucrats were not sticking to running their office but indulging in market speculation of oil prices? In a situation they were caught on high future prices and then the spot crashes, the ordinary folks would be pitiful cos they would be the ones paying for their mistakes. Hope my fears unfounded.

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Andrew
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17-Oct-2008 09:58

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wait the black MPV family car send you to Boon Teck Road for coffee FOREVER......<echo> <decres> pple there heeeee.....haaaaa <cres..>

cyjjerry85 ( Date: 17-Oct-2008 01:25) Posted:

mm...go Hong Lim Park? jux kidding~

SupremeA ( Date: 17-Oct-2008 01:02) Posted:

the qn is, what u gonna do abt it?

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AK_Francis
Supreme

17-Oct-2008 09:17

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Yells: "Happy go lucky, cheers."

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things related to fuel, ie transport, refining, processing etc, prices didn't drop. hence the profit margin is narrower despite the crude price drops. paper posted today.

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novena_33
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17-Oct-2008 08:56

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LL.... not much...

SupremeA ( Date: 17-Oct-2008 01:02) Posted:

the qn is, what u gonna do abt it?

novena_33 ( Date: 17-Oct-2008 00:06) Posted:

but our elec bill still so high.... :(

dont know can PUB earn abit lesser or not.... please.....

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cyjjerry85
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17-Oct-2008 01:25

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mm...go Hong Lim Park? jux kidding~

SupremeA ( Date: 17-Oct-2008 01:02) Posted:

the qn is, what u gonna do abt it?

novena_33 ( Date: 17-Oct-2008 00:06) Posted:

but our elec bill still so high.... :(

dont know can PUB earn abit lesser or not.... please.....

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SupremeA
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17-Oct-2008 01:02

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the qn is, what u gonna do abt it?

novena_33 ( Date: 17-Oct-2008 00:06) Posted:

but our elec bill still so high.... :(

dont know can PUB earn abit lesser or not.... please.....

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cyjjerry85
Elite

17-Oct-2008 00:19

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price up fast...down slowly...

the reason given is that they use 'forward fuel prices' ...mm..don't really know what's that anyway

novena_33 ( Date: 17-Oct-2008 00:06) Posted:

but our elec bill still so high.... :(

dont know can PUB earn abit lesser or not.... please.....

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knightbridge
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17-Oct-2008 00:10

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If i am not wrong, our electricity power plant is sold to foreign institution ler

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novena_33
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17-Oct-2008 00:06

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but our elec bill still so high.... :(

dont know can PUB earn abit lesser or not.... please.....

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cyjjerry85
Elite

16-Oct-2008 23:59

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NEWS: Oil tumbles below $70 a barrel for the first time in more than a year on inventory strength and a weak economy

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teeth53
Supreme

15-Oct-2008 20:49

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The rescue package come a little late then never by G7 nations. US is into recession causing investors more wary then turn cautious after every rallies, thing drop and fall again and again. Now US oil is falling below US$70/- Watah oil movement.

teeth53 ( Date: 11-Oct-2008 08:36) Posted:

Oil sheds more than $9 to hit 13-month low to $77.70 a barrel in New York, oil's lowest close since Sept. 10, 2007, when crude ended the day at $77.49.

"tariff hike goes against common sense" going up by 21% ++ for this Q. Oct-Dec 2008. Bad news....Ya. Working on US155 per barrel. on the revision in the electricity tariff, a more common sense idea approach to sell it tariff increases (none option) to all general public and it citizens need to be more elaborated.

I believe some may not afford to pay more for those poorer citizens when those bills reach them this 4th Q (Oct - Dec 2008).

This whole idea about me mentioning above is to bring out our sytsem that working against us, weather we are retail users or those making those implementaion process, Noted: oil movement move so fast, so some form of mechanism has to be put in place to be work out, rather then reliance on old system.

In other word...a lack of initiative from those holding senior post (those who had gone for the meeting to process implemetation on how to work out the new tariff), "tariff hike goes against common sense") as well as those who at that point in time did not do their homework, just business as usual in the meeting (No brain ...in storm braining)..Ya.

Wasted much $$$ in such big organization w/o having a internal talented brain storming secession, with everyone looking to collect their $$$ end of the month.

teeth53 ( Date: 04-Oct-2008 21:33) Posted:

In all good faith...Director, Corporate Communations. Energy Market Authority (EMA) did explains it spike on fuel oil, natural gas & it electricaity charges. Sat, Oct 4, 2008 ST paper (forum-page-A36)

Me think (alternate view) end of the day it will be alot more money to shares holder value and it Directors and also more then enuff to cover staffs salary and operating cost.....Ya. So a very negative reflection, it will effectively increases imposed on majority on higher cost of living standard for this 4th Q, and a very well regulated none option choice that everyone got to pay for it.

I believe some may not afford to pay more for those poorer citizens when those bills reach them this 4th Q (Oct - Dec 2008).

However spreading out those bills to all it citizen. Is this the only option ?, is there a better way to market increases every quarter, to soften the impact of "tariff hike goes against common sense" on the revision in the electricity tariff, a more common sense idea approach to sell it tariff increases (none option) to all general public and it citizens need to be more elaborated...Just borrowing a recently happened incident (an idea) why M'sia suddenly increases it oil pump prices by more then 40% that caused stress and un-happiness among it. Agree nation cannot subsidies...

No element of surprises, Please, in good faith. Hope there's will, there is a better way for all of us..

With Best Regards

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paperless
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11-Oct-2008 20:19

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The meltdown's silver lining - cheap oil With experts predicting a global economic slowdown, oil prices could fall to $60 a barrel, or lower - with gas prices soon to follow. By Steve Hargreaves, CNNMoney.com staff writer October 10, 2008: 1:46 PM ET NEW YORK (CNNMoney.com) -- As the world loses confidence in the foundations of its economic system, the silver lining may be that oil prices are about to get a whole lot cheaper. In a new report Friday, Deutsche Bank uses a number of interesting yard sticks to suggest crude is currently way too expensive and may fall to the $60 a barrel range as the economy worsens. And the bank does expect the economy to worsen, painting a bleak picture - caused be the current financial turmoil - but stopping just short of predicting a multi-year recession. The bank says it expects GDP growth to slow by 1.5% over the next few years - and hints that things could get even worse. "Indeed if one examines the banking sector crises in Japan and Sweden, economic output declined for at least two years following the crisis," Adam Sieminski, the bank's chief energy economist, wrote in a research note. If the global economy slows to less than 2% growth a year, "oil prices could spiral down, much like they escalated in 2007." Other analysts see oil prices going through the floor. "As night follows day, low oil prices have always followed high prices, and the decline has always been swifter than the advance," said Peter Beutel, an oil analyst at Cameron Hanover. Beutel sees a 2009 low of around $50 or $60 a barrel, then even lower prices in 2010. "I'm not going to rule out some extraordinarily low numbers, even $20 a barrel," he said, acknowledging that five months ago many respectable analysts though we'd never go below $100. "Whatever the market does, it's going to make us all look like fools." Deutsche Bank compared oil prices to several other measures, and came to the conclusion that "crude oil is the most richly priced commodity currently." Compared to crude's historic price average of $35 a barrel, it's currently 100% higher, higher than any other commodity. The next highest is gold, at 56%. Many other metals are only 20 to 30% higher. And contrary to press reports talking about how expensive food is, adjusted for inflation many food stuffs are actually lower than their long-term historical average price, according to the report. Relative to per capita income, the bank said oil prices would have to fall to about $45 a barrel to return crude to it's historical average. In the early 1970s, the average American family could buy about 1,000 barrels of oil on a year's salary. That 1,000 barrels was the norm for most of the last few decades, with the exception of the early 1980s and 2008, when that number dropped to around 300 barrels of oil. Today, oil would have to cost around $45 a barrel for the average family to afford 1000 barrels. The bank also calculated how high oil prices have to be for OPEC countries to maintain their budgets. Iran and Venezuela, who are often the first to call for production cuts, need the highest price per barrel - $95. Russia needs about $70, while Saudi Arabia, OPEC's largest producer and de facto ruler, needs about $55 a barrel. Other measures pointed to a higher price for oil. The bank estimates crude needs to cost $80 a barrel to keep new production coming online, and as a percent of a U.S. consumer's disposable income, current prices are about average. But taking all these measures together, the bank says $60 a barrel seems like a probable place for oil prices to bottom out. That would represent a gasoline price of just over $2 a gallon. Good news for motorists burned at paying over $4 a gallon for much of the summer, but bad news if that price drop at the pump also comes with a pink slip from the boss. Find this article at: http://money.cnn.com/2008/10/10/news/economy/oil_prices/index.htm

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sgdividends
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11-Oct-2008 19:26

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Maybe it will go up to $141 again....remember the below prediction from Goldman? Oil price was all propped up by speculators and hedge funds last year. now they have to withdraw positions to shore up their capital. Thats why its going down....$70 plus ..maybe?

source : www.sgdividends.blogspot.com

Goldman Sachs - Another firm predicting wrongly

16 May 2008 - $141

7 March 2008 -$200

Another drastically wrong prediction! By Goldman Sachs. Oil price is now US$80.29. Do you still trust Analyst ratings?

SGdividends understand that forecasting or prediction is not an exact science as numerous factors come into play. But when calls are drastically wrong, something must be amiss. Stay tune as we investigate into why such things happen? (See other Analyst gaffes)

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teeth53
Supreme

11-Oct-2008 08:36

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Oil sheds more than $9 to hit 13-month low to $77.70 a barrel in New York, oil's lowest close since Sept. 10, 2007, when crude ended the day at $77.49.

I believe some may not afford to pay more for those poorer citizens when those bills reach them this 4th Q (Oct - Dec 2008).

Wasted much $$$ in such big organization w/o having a internal talented brain storming secession, with everyone looking to collect their $$$ end of the month.

teeth53 ( Date: 04-Oct-2008 21:33) Posted:

I believe some may not afford to pay more for those poorer citizens when those bills reach them this 4th Q (Oct - Dec 2008).

No element of surprises, Please, in good faith. Hope there's will, there is a better way for all of us..

With Best Regards

teeth53 ( Date: 03-Oct-2008 18:09) Posted:

Light, sweet crude for November delivery was down 35 cents to $93.62 a barrel in electronic trading on the New York Mercantile Exchange by midafternoon in Singapore. Prices fell overnight $4.56 to settle at $93.97 a barrel, the lowest level since Sept. 16. Personnally do not understand this whole concept of tapping more money from us to cover their (more) profit and also leveling into a very, very wrong idea, wrong timing and wrong move.

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teeth53
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11-Oct-2008 08:03

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http://money.cnn.com/2008/10/10/markets/oil/index.htm

Oil prices plunged to a 13-month low Friday, U.S. crude for Nov/08 delivery sank as much as $9.50 to a low of $77.09 a barrel, its lowest level since Sept. 11, 2007, when crude hit an intraday low of $77.00.

http://money.cnn.com/2008/10/10/news/economy/oil_prices/index.htm?postversion=2008101013

The meltdown's silver lining - cheap oil. the silver lining may be that oil prices are about to get a whole lot cheaper. bank does expect the economy to worsen, painting a bleak picture - caused be the current financial turmoil - but stopping just short of predicting a multi-year recessionews

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teeth53
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09-Oct-2008 09:10

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Rate cuts by leading central banks failed to halt fall in commodity prices as oil, copper and many commodities, suger and cocos prices also fell sharply, hard hit by the financial markets. Exception ..is GOLD.

Oil fall to a low of US$88.46 a barrel. from it peak of US$147.27 stuck in July, Fears that the crisis is deeper then tot to... and there by slashing demand generated widespread losses in commodities and energy markets.

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teeth53
Supreme

08-Oct-2008 21:22

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Another pump price cut by 5cents from Caltex and SPC

teeth53 ( Date: 12-Sep-2008 22:13) Posted:

Regular 95 now costs $1.946 before discount.
Shell took the lead in reducing pump prices on Friday, followed closely by Caltex, Singapore Petroleum Company and ExxonMobil. http://www.channelnewsasia.com/stories/singaporelocalnews/view/375508/1/.html

teeth53 ( Date: 12-Sep-2008 22:09) Posted:

Pump ps again reduced by another 5 cents..by to Nov 07 prices liao.

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teeth53
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07-Oct-2008 08:14

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Watch Oil movement, In New York, price fall to US$87.81ct per barrel. as fear of recession loom as EU sends markets tumbling worldwide as panic spreads

Dow fall of the 1st time into four digit and falls nearly by 600 points on early trading. While STI more then 5%.

teeth53 ( Date: 06-Oct-2008 21:38) Posted:

Watch Oil movement, price fall to US$89.75ct per barrel. as fear of recession loom. A matter of when only, now that E.U. financial (Belgium and Germany bank been bailout, got into finance crisis). Will soon hear more such thing coming....Ya.

teeth53 ( Date: 06-Oct-2008 08:45) Posted:

Watch Oil movement, price fall by more then 2%, goes below US$92/- per barrel...

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teeth53
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06-Oct-2008 21:38

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teeth53 ( Date: 06-Oct-2008 08:45) Posted:

Watch Oil movement, price fall by more then 2%, goes below US$92/- per barrel...

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teeth53
Supreme

06-Oct-2008 09:46

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Finance Minister Tharman has heard it loud and clear...Ya. HELP is on the way with electricity hikes coming...next year, 2009. It is NO longer just a financial crisis, he foresee it is a economy crisis going into 2nd phase effecting not only U.S. or E.U., but Japan, china, India, even Russia. It is a domino effecting very states.

teeth53 ( Date: 04-Oct-2008 21:33) Posted:

I believe some may not afford to pay more for those poorer citizens when those bills reach them this 4th Q (Oct - Dec 2008).

No element of surprises, Please, in good faith. Hope there's will, there is a better way for all of us..

With Best Regards

teeth53 ( Date: 03-Oct-2008 18:09) Posted:

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