Oil Exporter Issue 4. DAP and Anwar allegations that Malaysia is oil exporter country therefore the price should be cheaper ? Facts no 1 we not even recognize by OPEC as an oil exporter country . The REAL oil exporter country will be invited to be part of OPEC. Facts no 2 will be 90% of the daily oil that Malaysia produces already uses for local consumption. In this case we actually only export 10% of our oil. U.S. oil output rose 14 percent to 6.5 million barrels per day last year — a record increase. By 2020, the nation is forecast to overtake Saudi Arabia as the world’s largest crude oil producer. At the same time, U.S. gasoline demand has fallen to 8.7 million barrels a day, its lowest level since 2001, as people switch to more fuel-efficient cars. 5. Price of oil in Malaysia is even cheaper than many other REAL OIL producer and exporter countries like Iraq , Sudan and etc etc. - 1sya/?p=7047
Posted on: Mon, 10 Jun 2013 08:44:00 +0000
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