Sunday, 27 July 2008

The Discovery of New Oil Reservoir - New and cheaper price for oil?

It has been a long time since my last entry. I've been busy for the past few weeks, plus I'm too lazy to update my blog (hehe). However, I found an interesting article about the discovery of a new oil reservoir in the Arctic.

For further information/reading satisfaction, please visit website as shown in the picture. With 90 BILLION barrels of reserve capacity, it may boost and change the world's production patterns and prices (perhaps, becoming more cheaper) in years to come.

With oil price increased in Malaysia recently, Rakyat (Low and Medium income groups) are suffering 'the chain reaction' especially the increment of cost of living. Suddenly, everything seems to be expensive, even to buy a bungkus of nasi lemak, and parents have to carefully plan out a family weekend trip (due to increased traveling costs).

However, with decreasing of global oil price recently, the government should look for a long-term solution of the Rakyat's problems. Perhaps, more sustainable solution can be derived and concerning current situation, it is almost possible that local oil price can be reduced (slightly) by the government.

Till we meet again, Wassalam.

No comments: