http://realtime.zaobao.com/2008/11/081116_36.shtml
If it's true, so we're looking at more than 22% decrease?!
Cheers
If it's true, so we're looking at more than 22% decrease?!
Cheers
ELECTRICITY prices are set to come down by January due to sliding fuel prices in recent months.
Prime Minister Lee Hsien Loong gave this good news at the People's Action Party (PAP) conference on Sunday, saying: 'I asked the Ministry of Trade and Industry, they said yes, by January, electricity prices should come down. If we are lucky, it will be where we were before October.'
What kind of a answer is that??
What I want to know is who the hell decide that $150 is a good price to buy for oil. How much did we lose by paying this forward price?
You go tell that to the ang mohs. They are the ones playing it. We are not the only ones paying it. Other non-oil producing countries too.
http://realtime.zaobao.com/2008/11/081116_36.shtml
If it's true, so we're looking at more than 22% decrease?!
Cheers
"If we are lucky, it will be where we were before October."
So, based on luck rather than actual statistics and calculation.
But of course. In this period of flux, no one can be certain that the world political and economic scene will behave like what you learn in a textbook. If he is, then he is superman. You will definitely agree that PM Lee is not a superman of course, though he is a capable leader.
What with a new untested President in the USA and the financial institutions still not in order, any thing can go. What the major world leaders are doing is to prevent the worse scenario from happening - even then the huge amount of funds MAY not put the economy in order.
So it is understandable that PM Lee is trying to be prudent - not reckless by promising this and that to make the electorate happy.
It would probably be good news.
If not what is in it for him by saying such things now without any base?
If he says confirmed, then some would say would come out another version and say 'huh, he is behind SP Power, ah'
Increase price, people kb, price going to drop, also have things to say. :(
What kind of a answer is that??