I think the problem is not supply but demand. The most recent largest diacovery was alaska this year. There are a lot of uses of oil however the demand is steadily reducing especially with the eu policies to phase out non electric cars

Why have they been unsuccessful all these while what are the common reason for failure?

Chill la bro. Not everybody knows every old news

Its a local company that provides equipment services and its a recession so they probably need you to do some grunt work. Put off any ego about being a graduate/future graduate with a degree(there are truck loads of them) and just do your best to help them to the highest standard. Built trust and relationship, if you finish your internship with people there having a good impression on you then you have done very well. Don't sit around and do nothing because even if no one give you work that is what you will be remembered for, someone that just sit around all day doing nothing. All the best

Omg why does sarawak even need to pay for it...

Because their original and valid constitution given by the British protects their right over all their resources. And since some people have been ignoring their constitution for decades by declaring Malaysia in a state of emergency and over riding their constitution for decades, giving the whole complex back to Sarawakians is not asking too much. Just my 0.05 cents

If you were a sarawakian and knowing that you have been striped off your rights to your own reaources for so long you would be pissed too

We can start a new thread about this in rwi I don't want to ruin such a wonderful thread in lowyat. Sorry if I sounded offensive it is not my intention. Peace

This post has been edited by BrendonStar: Aug 10 2017, 11:38 PM

Shouldn't we convert the oil price in USD to RM? As in (oil price in USD) multiply by USDMYR. Otherwise if oil price rise but USDMYR dip the effect can cancel out each other..

In the end it doesn't matter what is the truth it is really what the Sarawakians think. And if they felt they have been treated unfairly and deprived of the wealth they could have had it is their reality. If the economic down turn hits the Sarawakians bad enough this time we might see an open revolt against Malaysia for giving just 5% royalty of their vast oil and gas richest they extract from Sarawak to the Sarawakians. To some Malaysians it might bring joy to know that Sarawakians are feeling cheated and deprived but that will just add fuel to the revolution should it happen. Malaysians better hope the economy won't be too severe for Sarawak. I am speaking as someone that is have work among them and know their hot topics

This post has been edited by BrendonStar: Aug 16 2017, 05:07 PM

Well they were looking for directors and board members and today the selected ones were announced. You miss your chance by a few months, better luck next time

One of the reasons things are priced in USD is because of its relative stability. Bitcoin price fluctuate too much to be use for trade. It is hard to do your accounting when the value of the currency you use fluctuate a lot. I am not sure if I will personally hold bitcoin for long if the price can half or triple within a few months

As Catalonia/Ukraine have different language and culture to the rest of Spain/Russia so Sarawak have different culture and language to the rest of Malaysia.

Crimea went back to Russia because they speak Russian unlike the rest of Ukraine. Majority in California speaks Spanish so there are now serious talks on separating from USA. My point is society will naturally be divided according to their respective language. Whats going on between Sarawak and the west is a natural phenomenon.

It is what it is and not about oil/gas in Sarawak

Deleted- Out of topic

This post has been edited by BrendonStar: Nov 25 2017, 10:22 PM

When sarawakians didn't ask for anything they are called ignorant but when they do ask they are still scorned

The market now is risk off and is more interested in its preservation than maximizing profit. Malaysia is an emerging economy and only seen as a place for high roi when there is nothing to spook the market. So that is what is driving the markets now

Right now many regions around the world are in trouble and money have been flowing to safe havens namely USA stocks it will be more acute next year. The world indeed runs like a synchronized performance. And malaysia unfortunately is not seen as a safe haven

The rise of the US stocks now correlate to the feeling of uncertainty of the big money movers

This post has been edited by BrendonStar: Dec 16 2017, 09:46 AM

Oil price is actually in an upward trend near term until at least the end of next year however the risk off of institutional money and the rise of the US stocks and USD (mid next year) will last until 2022 statistically. It is not going to end until we see some serious reformation or break up in Europe. Meanwhile our model predicts that civil unrest and tension are expected to start rising into the next few years which is deflationary for the world hence most other industry will be sluggish. The meteoric rise of bitcoin by the chinese that wants to get their money out of China is a sign of trouble. Meanwhile if you are in US trump's corporate tax reform and also US status as a safe haven is going to bring in a lot of jobs in the near term. Big money is realizing this and this trend will become more acute. None of what I have said are my personal opinions

I think you are reasoning that if Venezuela trade crude for bitcoins that the world will abandon trading the with the USD which will render the USD worthless?

In my opinion, and just my 2 cents once any government realize that people can use bitcoin to launder capital they will naturally try to regulate it or totally ban it(taxes is the life blood of politicians). How to ban it? by making it illegal for any business to trade with bitcoin.. The transaction cost and time taken to trade with bitcoin is also not cheap

For your thinking that we can quickly move away from USD easily and make it irrelevant. Institution still need a place to park money when they are not looking for high yield, currently the yuan don't have that liquidity and is not ready for prime time yet. (though the chinese gov are positioning it for it to be a reserve currency) but their time is not now yet. Right now only USD have the dept and liquidity to have big money park in it. Bitcoin is just too volatile. Next year cyclically will be very volatile in the currency market so just watch the events that will unfold as the dollar rises next year. No one is alive right now to have witness similar events in history of what is going on now. Only data and data mining the past will you find similar events

When the world went through WW2 capital move to the US, it was the outflow of capital post WW2 that rebuild the world. We are witnessing the opposite now which is deflationary