Monday, March 12, 2007

Good times? Bad times?


Happiness, joyous, bring on the THOMAS CUP man!!!

Even Petronas bring good news man........

The new seven sisters: oil and gas giants that dwarf the west's top producers

Look who's in here.

Another reason to celebrate woo hoo!!!

Mind my cropping, still learning how to use the GIMP, which I think is a fantastic piece of open source software.

According to the report on FT,

...........Overwhelmingly state-owned, they control almost one-third of the world's oil and gas production and more than one-third of its total oil and gas reserves...........
...........In contrast, the old seven sisters - which shrank to four in the industry consolidation of the 1990s - produce about 10 per cent of the world's oil and gas and hold just 3 per cent of reserves................

That is what I call an ass-whooping.

However, let's look at the BAD:

At the very end of the article it says


Malaysia's national oil company has been described as the role model others would like to follow. Though a top-three exporter of LNG, Petronas risks falling behind the gas groups of Qatar, Nigeria and Indonesia.

Good times ending soon eh? According to another report on the FT:

..........Analysts at PwC predict that by 2015 it will have been overtaken by two international gas companies, Royal Dutch Shell and ExxonMobil, by the national oilmpanies of the two leading growth areas, Qatar and Nigeria, and even by Pertamina of Indonesia..........

Maybe we shall prepare for a country which is not dominated by Petronas's oil money eh? Tun Mahathir, got alerted? At least leave your cucu-cicit a better country la........

By the way, who's the latest STAR in Malaysian business today ar? Datuk Fernandes? Any younger ones ar?

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