Hitting 100USD and blah..
Feb. 20th, 2008 by AlYeah, all the predictions of oil hitting 100 bucks have came true and why does anybody not surprised.Amidst all the election fever from USA to Malaysia, our energy demand went up and the only outcome is this so what’s new?
Down here in Singapore we are faced with higher inflation this year , the crude price is a large factor for this as we import everything from food to gasoline.Though our government tax budget was lauded by analysts here and other asian cities like Hongkong and Taipei for being pragmatic and pro business, we cannot fight the inflation rate, this is the predicament living in a small island state.
We have our desalination plants and get the water from our sea because we wanted some independence from our water supply coming from Malaysia but unfortunately the world has not figured out whether one can grow oil or not.
I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.
Mike Harmon