OIl price shot up to USD56/boe (Brent crude).

Tht's right - up continuously for the last four days. But as of 2 hrs ago, it fell, and now, turnd upwrds agin.

Selling clean crude oil to other countries, importing low quality crude oil, process and sell.
But selling they won't say, import will boast it loud.
So you know I know. Salam Malaysia, rakyat diperbodohkan, pencapaian kroni diutamakan

ya, never mind importer, exporter or pure waster!

for rakyat... bottomline, cheaper petrol is just about the only benefit. i just filled up since price went down. yes, nice to pay so much less for my tank.

i only wish tnb rates can go down like that too and why not? but... that is some other unique boland story unlikely to change, so little hope there.

other things... can expect double whammy with weak rm + looming gst - from coffee and beef to ipads and tires, it's going to get a lot costlier. older folks with small life savings in rm may find it esp difficult.
so, back to thread subject - are we better off with falling oil prices?

from usd110 to now 48. will we like it more if usd40 or 35?!

The question now is, when oil price high and government's income are higher, do we get benefits from it?

http://uk.reuters.com/article/2015/02/06/u...N0LA1PF20150206

When the tiger is cornered, he will jump the wall

A small nuclear bomb in neutral oil producing country, in disguise of terrorist attack, is good solution to artificially cause oil price to sky rocket and save Russia economy.

Possible ?

Crude oil is crude oil.
money is money.
They have 0 relation basically.