Malaysia is a net exporter of crude oil. So the government did NOT subsidize our petrol. The RM56 billion 'subsidy' per year is the extra amount that the government would have earned if it had exported all of our oil production. There is no 'spiralling bill', the government did not lose any money because it is our own oil and we are not paying anybody for our oil supply.
the government scrapes the so called ‘subsidy’ that it did not pay any money for in the first place.
What will the Barisan Nasional government do with the RM56 billion windfall per year?
what is going to happen to our economy when our oil reserves run out in 5 years time?
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Are the human bodies made of petroleum? Our basic elements are Carbon, Hydrogen, Oxygen and Nitrogen and the combination of these four atoms in various molecules (Bio-chemistry 101). We are alive because of mother nature that supply us with the air that we breathe and water that we drink to keep us alive.
Now, lets do some research on the internet and read for yourself what the oil and gas industry is linked to:
Earthquake:
http://www.blackwell-synergy.com/doi/abs/10.1111/j.1747-5457.1994.tb00152.x?cookieSet=1&journalCode=jpg
Oil and Gas Production Induced Earthquake References:
http://www.nyx.net/~dcypser/induceq/pis.html
Global warming
http://www.ecobridge.org/content/g_cse.htm
http://www.motherjones.com/news/feature/2005/05/some_like_it_hot.html
In case you have forgotten the impact of earthquake:
http://a11news.com/109/sichuan-earthquake/
Is this how you treat your mother?
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