My pocket is hurt cos….
Oil reached US$90 a barrel last week! Petrol went up 5 cents a liter two weeks ago! Paying more for my right to ride.
Rig maker, Sembawang Marine share price went up from 99 cents to $5.60 because of increase oil exploration activities. But niamah! one stupid Sembmarine manager lost S$272 million playing the forex and the share dropped 86 cents today after halting trade yesterday. Another China Aviation Oil in the making? How do u feel if your stock dropped 15% in a single day? Buy more or dump?
The courier service that we used in the office just increased their fees from $4 per trip to $10 per trip. Reason – higher oil price! I am sure electricity, bus, taxi & other utilities will follow…
Biofuel as oil substitute? Palm oil? Plantation share… maybe it is time to load up on some palm oil share like IndoAgri, Golden Agri or the very
expensive popular Wilmar.
Beside rising sea level which will have a direct impact, i think the escalating oil price and scarcity of sand will make little dot a very expensive place to live in the future.