Union gas and Smart Energy (CNG) must be making extremely big profits - poor taxi dri

[†††††]

Natural Gas has fallen from $20 to $3, but in Singapore, CNG is rising all the time.

All the taxi drivers taken for a ride liao

hahah ahahah ahaha hahhahaha ahhahahahaha ahhahahaha hahahahaha ahahahhaha ahahahha ahahah

 

[Narong Wongwan]

Re: Union gas and Smart Energy (CNG) must be making extremely big profits - poor taxi

All sinkies also taken for a ride by PUB

 

[johnny333]

Re: Union gas and Smart Energy (CNG) must be making extremely big profits - poor taxi

Poor us :(

We are paying electric bills for power that is being generated by gas & not oil
In economics it's called super normal profits.

Here's a refresher on what super normal profit is:
http://www.economicsonline.co.uk/Business_economics/Profits.html

 

[Cestbon]

Re: Union gas and Smart Energy (CNG) must be making extremely big profits - poor taxi

Before CNG tax free now gov impose tax.

CNG transportation and storage cost very high compare to fuel.

 

[cunnilaubu]

Re: Union gas and Smart Energy (CNG) must be making extremely big profits - poor taxi

Heard that Union is going for IPO at end of year.

 

[†††††]

Re: Union gas and Smart Energy (CNG) must be making extremely big profits - poor taxi

Heard that Union is going for IPO at end of year.

with profits from CNG taxi drivers

 

[mscitw]

Re: Union gas and Smart Energy (CNG) must be making extremely big profits - poor taxi

EMA claims Peasantpore use natural gas but peasants pay fuel oil linked tariffs.

No wonder stupid local peasants deserved to be fleeced big time.

 

[sta1100]

Re: Union gas and Smart Energy (CNG) must be making extremely big profits - poor taxi

Poor us :(

We are paying electric bills for power that is being generated by gas & not oil
In economics it's called super normal profits.

Here's a refresher on what super normal profit is:
http://www.economicsonline.co.uk/Business_economics/Profits.html

Because PUB is very greedy

 

[Narong Wongwan]

Re: Union gas and Smart Energy (CNG) must be making extremely big profits - poor taxi

Because PUB is very greedy

Dishonestly greedy....

 

[lee6100]

Re: Union gas and Smart Energy (CNG) must be making extremely big profits - poor taxi

Dishonestly greedy....

In Singapore, no civil servant (they used to be called public servants in the past) running a stat board etc, or boss of a GLC, in his right mind, will want to show his political masters a drop in profits during his tenure in office.
This chap is mostly likely from the scholar system, eyeing higher office and, with it, much higher pay.