Fuyooo... oil and gas expert. I have been involve in the oil and - TopicsExpress



          

Fuyooo... oil and gas expert. I have been involve in the oil and gas industry for more than 20 years. And I am not even brave enough to say I am good. I have known people all over the world, some even with more than 30 to 40 years of experience in this industry and the best they will tell you... Well, I know the subject pretty well but I am still learning everyday. Expert? Haha... I have yet to meet one. Anyway, that is not the point that I wanted to say in this post but before that, let me put in my disclaimer... LOL... that this post is never meant to discredit anyone personally or to proclaim my support to any parties. Now, the article is correct that the RON95 petrol price is based on the MOPS pricing. Whenever, I read some writer tries to equate a finish product pricing to the crude pricing, that always put a smile on my face. Why? Because that person is talking crap. Though the price of the crude has an impact to the product pricing but to refer the petrol price to the crude price is never correct. However, when the article claimed that our petrol price (RON95) should now at par with the market price, comparitively with the MOPS price... haha... that again put a smile to my face. Why? Simple... you can buy that from the open market... but wait hor... how do you transport that to the tank fixed with the pump so that you could put it into your car tank safely? Wei... you think those bulk lorry carrying the product for free, is it? And those station operator donated their land and oil company built those facilities as a social service free of charge kah? Also, those station operator fork out the money to buy the petrol from the refinery just to show off they have plenty of money? And lastly, those station operator will absorb all the evaporation loss while the petrol sit in the tank kah? Hello... ini macam kah? Haiya!!! Now, the next part... revealing all the pricing kah? Dei... that is a business loh. You think it is smart to reveal all the cost price? Tell that to the major company and see if they will tell you to go get a kite with long string and fly that in the middle of the desert or not. Hello... by revealing this sort of information, you are asking your competitor to come and rape you out of your business model and profit le. Your shareholders will invite you to the next door kopitiam and never to return loh. Haiya!!! Now... can you see the whole picture? As I have said, I am no expert and am still learning. But I dont mind sharing my knowledge excluding company secret as I am bound by the NDA. If any of you people are really interested in learning about this Oil and Gas especially on the Oil Accounting matters, I would be more than honour to depart my knowledge to you. Not many people are willing to do that as this would be an extreme nich area where the less people who know, the higher the value would be on the person with the knowledge. I am okay to discuss this over yam char session... not yam seng as when your mind is clouded by spirit, no point of discussing this. So yeah... expert? Muahahahaha!!! You dont have to ask my permission if you want to share my post that I posted out as public. If you want to share, go ahead and I would just like to thank you for taking interest in what I have to say. Have a wonderful day ahead. therakyatpost/news/2014/10/16/show-us-numbers-oil-gas-expert-tells-govt/
Posted on: Fri, 17 Oct 2014 02:02:01 +0000

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