Found something interesting in FB

Is good that Iran join to flood the market
Then we can enjoy lower fuel price

Already started, and quite happy with it. When I "lost" the job, I thought it was my end of day, but renting a small stall for rm300 and start selling noodles, I actually earn more. At least I no need to improve my PLP skills, not to mention I no need to pay 5 figures tax.

What type of constructive comments you like? Just come out some comments to deny our big companies doing mega retrenchments? Can, I got no problem to join your group of denial. After all, you guys like to kakikong, kakisong in this cyber world.
But the bloody reality is, world economy are going to crash.
Why ESSO Malaysia changed hand? Why Shell looking on converting to terminal or selling it out? A RAPID project that still unable to process crude oil from Middle East?
Now most developed countries are going to stop oil refining and convert them to oil terminal, this is to reduce pollution and cost. This is the game that big companies are playing.
In Saudi, there's another 2-3 mega refineries going to start up soon, all are Euro 6 and above compliant.
Donkey years ago, people always says working in O&G are iron bowl. But iron is still iron, it will get rusted over the time

Then you want the oil price to be at USD100? Then we pay more and let BN to bail out 1MDB

That's because May got bi-elections where they shall be increasing rm0.20 but they never.
So they are scooping back on June and July.
For fuel price to come out, government only need 1 day in the month for high crude price.
But for them to reduce fuel price, they need to have at least 3 weeks straight low price
As Jib said before : rakyat diperbodohkan

To stay in the game, new refinery that being built has to be ready with Euro6 and above, and should be processing high sulphur crude from Middle East. This is how to make money from low crude oil price.
Processing sweet crude won't do any good for long term

You only need hydro treater to remove sulphur
Those mega refineries are "complicated" as they are not just refining, more on producing chemical feed stock together.
Price difference between sweet and sour crude can be USD30 per barrel, this is how Saudi making money now.

Is not heard, is confirmed delay. Getting Flour to do the job, if does not delay, I cut

A hydro treater can be add on to existing refinery.

Nope, nobody wire hire me, since giving such idea in Malaysia will resulting to project side cannot songlap

No songlap operation, boss cannot make money, project cannot move
Even if just add on or upgrade need to do plannings. More restrictions.

Hope Iran can help make a push, test USD40

Saudi are changing their strategies, from just crude oil export last time, now they will start controlling this. Instead, they will be exporting finished products.
For oil relying countries, it is very sad for them, even a country in Africa has bankrupt on this and their leader openly cry and blame the 2 giants(US and Saudi) on causing this
Now O&G companies are starting to slash or retrench their staffs, where upstream are the most impacted. Like Shell already planned to slash 1000 of its upstream staffs. Downstream looks ok, but usually before a thunderstorm, it will be dead quiet.
Banking industries already slashed ~4000 within 18 months, so more will come.
Better make sure you have other skills as when you accidentally get slashed, it will be your back up plan. Lucky that I know how to cook, so it does not really affect me. If were to say the effect, now everyday I have to wake up early and start preparing food. The return is, I no need to pay 5 figures of tax next year

Malaysia only. Cyberjaya IT already history since few years back. More to follow when oil price really test USD40 market as when reaching this price, digging from sea will make lost for every drop that being dig out
That's why I said, building the right refinery that can process sour crude will be the only way to survive in this cruel world. If not why Saudi keep on building mega refineries for the past 10 years? Now still got 2-3 refineries on the way that expecting to start up on 2016 and 2017, smallest also 400kbpd and Euro6 compliant
This is why Petron and Shell making hell of profit on 1st Q while Petronas making less(even they dominate the market), because the cost increased on digging oil.
Maybe Malaysia have to buy from them also later on, that's why you have a big oil terminal in Tanjung Bin.

Just see the thread's sub title can know already, how butt hurt most fellows now. Oil price already at 50 but still refuse to change it, but trying to do personal attacks and deny the reality
http://biz.sinchew.com.my/node/119399?tid=6
If you can read Chinese, O&G companies and other field already had 1500 staffs being slashed

Good
At least you spend some time on looking for truth your self rather than like some jokers that keep on deny the bloody fact.
So, the question now is, does O&G career really still like last time's comfort zone
1997 economy crisis O&G survived, 2008's Lehman Brother's bankruptcy again O&G survived the wave.
But now basically nothing special bad news and yet O&G can't survive

Everything, power, money, commodities are speculated
So considering every aspect from political to war, it is not hard to predict.
Still, I never expect the tsunami hit O&G's upstream till downstream

Nope, is good that you are seeing the big picture and prepared for it.
Shit will only hit those people still living in their denial world and kakikong, kakisong.

Recession sure will come, but all will try their best to delay it or cover it up.
When this really happens, the damage sure will be worst than 1997 crisis.
Have to know that, during 1997 crisis, people's debt to income ratio are lower compare to currently. So the magnitude of damage will be severe