Oil & Gas 01 (May 08 - Jul 08)

[kennynah]

abang, tak ada effak

[blid2def]

Haha reverse effect! After I cutted and pasted, indexes *piak*, naboo naboo...

Now I go find one more news to paste here, counter balance and re-establish equilibrium.

[kennynah]

maybe in bahasa indonesian language ..it can work...

[blid2def]

Dunno Melayu leh. But I post something from Iran (but not in Iranian):

Full article: http://www.cnbc.com/id/25203094

Market Full of Oil, Price Trend 'Fake': Iranian President

The market is full of oil and the rising price trend is "fake and imposed," Iran's president said on Tuesday, partly blaming a weak U.S. dollar which he said was being pushed lower on purpose.

"At a time when the growth of consumption is lower than the growth of production and the market is full of oil, prices are rising and this trend is completely fake and imposed," President Mahmoud Ahmadinejad said in a televised speech.

"It is very clear that visible and invisible hands are controlling prices in a fake way with political and economic aims," he said when opening a meeting of the OPEC Fund for International Development in the central Iranian city of Isfahan.

Iran, the world's fourth-largest oil exporter, has repeatedly said the market is well-supplied with crude and blames rising prices on speculation, a weak U.S. currency and geopolitical factors.

"As you know the decrease in the dollar's value and the increase in energy prices are two sides of the same coin which are being introduced as factors behind the recent instability," Ahmadinejad said.

Rest of article - go to the link.

[HengHeng]

hmm tell u .. he pull 75billion out from europe.. abit will come to singapore one .. coz our pm go visit him before.

haha .. anyway i think iran abit jia lat liaoz.. hmmm he do this kind of thing is like asking the UN's invite for outright change to invade them.

[kennynah]

it's called "cheng siao"

[blid2def]

He dun do anything US also want to find excuse liao. So I think he thinking "f**k lah, might as well do something".

Waiting for France - Italy ah?

[kennynah]

between ah kuah teams, i choose huat kok to win

[HengHeng]

well huat gok cannot make it liaoz ... no playmaker liaoz .. all lao kok kok ..

hmm holland second string also power leh .. if they never kelong i think romania go holland liaoz..

[winston]

OAO Gazprom Chief Executive Officer Alexei Miller made two forecasts last week that, if they come true, indicate more pain for consumers and a boon for Russia's government.

Oil will reach $250 a barrel "in the foreseeable future," about 85 percent more than the current price, he said at a strategy briefing in Deauville, France, adding that the market value of state-run Gazprom will triple to $1 trillion as early as 2015.

Gazprom wouldn't be the first to reach the latter milestone.

PetroChina Co. became the world's first trillion-dollar company on Nov. 5, when Class-A shares tripled on their Shanghai trading debut. PetroChina has since plunged 62 percent.

– Bloomberg