Now that oil has dropped to $80, why are prices still sky high?

[TracyTan866]

Re: Oil Price Collapses

Dunno about the petrol companies.

But I know PTC will not reduce tpt fares. They have zero honour.

Let all Singaporeans remember these pap policies...when crude oil price goes up, petrol price goes up immediately, electricity and bus fares went up quickly.

When crude oil price goes down, pap drags its feet to reduce prices.

Crude oil price was $110 and petrol was $2.11 per litre. Now crude oil is $76 and petrol price is $2.05. The reduction is minimal and grudgingly down

 

[TracyTan866]

Re: Oil Price Collapses

The shit times always carry the oil companys' explanations about why oil prices and petrol prices hardly co-relate when oil prices fall but not when prices go up.

The ST shd do its job abd do some journalistic reporting and show that when prices go up they were very quick to raise petrol, electricity prices and bus fares

 

[swimorsink]

Re: Oil Price Collapses

The ST shd do its job abd do some journalistic reporting and show that when prices go up they were very quick to raise petrol, electricity prices and bus fares

ST is not a really good paper so thats why by its own admission readership has fallen.

 

[TracyTan866]

Re: Oil Price Collapses

ST is not a really good paper so thats why by its own admission readership has fallen.

not good is too kind to describe ST. The more accurate description is " ST is a shit paper"

 

[TracyTan866]

Re: Oil Price Collapses

The shit times always carry the oil companys' explanations about why oil prices and petrol prices hardly co-relate when oil prices fall but not when prices go up.

To redeem its bad reputation, the ST must send a credible reporter to interview CASE and the petrol companies

 

[swimorsink]

Re: Oil Price Collapses

To redeem its bad reputation, the ST must send a credible reporter to interview CASE and the petrol companies

They have to locate and employ such a reporter .

 

[TracyTan866]

Re: Oil Price Collapses

They have to locate and employ such a reporter .

hahahaha.....perhaps no credible reporter wants to work for Shit Times

 

[GoldenDragon]

Re: Oil Price Collapses

not good is too kind to describe ST. The more accurate description is " ST is a shit paper"

Shit deserves better than a comparison with ST.

 

[swimorsink]

Re: Oil Price Collapses

hahahaha.....perhaps no credible reporter wants to work for Shit Times

That would be about the gist of it.

 

[GoldenDragon]

Re: Oil Price Collapses

hahahaha.....perhaps no credible reporter wants to work for Shit Times

Such a reporter wont last long.

 

[TracyTan866]

Re: Oil Price Collapses

Shit deserves better than a comparison with ST.

hahaha..you are right. Shit has a useful function. ST has a destructive function. I wonder how can the reporters and editors sleep well at night when they know that they didn't report the truth.

 

[TracyTan866]

Re: Oil Price Collapses

That would be about the gist of it.

Yes, those reporters who have a conscience wont join ST

 

[TracyTan866]

Re: Oil Price Collapses

Such a reporter wont last long.

true.......

 

[TracyTan866]

Re: Oil Price Collapses

Such a reporter wont last long.

have you come across such a reporter in ST?

 

[swimorsink]

Re: Oil Price Collapses

Yes, those reporters who have a conscience wont join ST

As a matter of interest, who would such reporters work for in order to earn their living?

 

[GoldenDragon]

Re: Oil Price Collapses

My friends in the bunker trade are all super worried now. Many companies closing shop. Our status as a bunkering hub will go down the longkang. No more credit given. Cash is king.

 

[TracyTan866]

Re: Oil Price Collapses

My friends in the bunker trade are all super worried now. Many companies closing shop. Our status as a bunkering hub will go down the longkang. No more credit given. Cash is king.

My friends in many industries are worried not because of oil price but because of pap's poor performance. SG is in for big trouble. The pap cant continue to get GIC and TH to use CPF funds to prop up GLCs and TLCs.

NOL had to sell its Alexander Rd Building so that the results didn't appear so bad. It's tantamount to selling NOL's key assets. It now leases back the building from the buyer. That increases annual operational costs

SIA had to sell Aus Virgin to make its result look decent.

TH sold SPC a cash cow so that the mgmt. reaped big bonus.

Is this the responsible way for pap to run GIC and TH?

 

[TracyTan866]

Re: Oil Price Collapses

My friends in the bunker trade are all super worried now. Many companies closing shop. Our status as a bunkering hub will go down the longkang. No more credit given. Cash is king.

The oil and gas sector is not doing well. In fact, it's expected to get worse before it gets better. Your friends are right to be worried. I foresee many of the industry workers will be retrenched

 

[HakkaThaileen]

Re: Oil Price Collapses

In JB, Shell V-Power 97 grade fuel had already dropped to RM2.55/litre since last week. Before the price drop, it was RM2.85/litre.

 

[TracyTan866]

Re: Oil Price Collapses

In JB, Shell V-Power 97 grade fuel had already dropped to RM2.55/litre since last week. Before the price drop, it was RM2.85/litre.

PETRONAS is honourable. Cant say the same for SG petrol companies