The power increase has nothing to do with F1..... claims that the 21 percent increase is due to F1's power consumption is ridiculous.
We promise you with more good year are all bullshit
That's how people keep their profit constant or better. Blood suckers!!!
I really pity myself and those who are strucked in the middle - neither consider as the poor or the rich.
Is the bus fare up too? i saw something like 70 cents for a few stops..
we can only blame ourselves for not having oil. If only we are Brunei or still part of Malaysia.
the energy market is not supermarket, dun like 1 can go to others. just like public transport, there is very little alternative wan.
consumers at the end of the line "just swallow" lar....
Remember, even with all these increases, a minister said in the news a month or 2 ago, which was than censored in the repeat of news the next afternoon.
"dont increase the salary, else, we loose the competitive edge."
there is this sentence or something like this thats drilled into my mind, "bite the bullet. tough it out together and we will come out stronger."
photography makes one sees things from all angles.
Hedging is a tool used by producers to protect themselves against negative price movement in the future.
Let's say you hedge at $155/barrel three months ago.
Today you buy oil at the spot rate $100/barrel, how can you charge me $155/barrel?
At worst you should only pass on the losses on the premium for the call option to the consumer.
I look at this as a case of cheating.
To make it worse you charge me $155/barrel three months before you take the delivery at $155/barrel!
Last edited by Silence Sky; 2nd October 2008 at 01:37 AM.
hedging should be illegal.
even hawkers cannot do that when prices of raw materials like eggs, veggies & sugar prices increase when they did. why should large companies get away with such malpractices!