On the other hand, we have the most direct impact on our pockets from absurd electricity tariff pricing. We were told that for this quarter, we will be paying our electricity bill based on future price of US$155 per barrel of oil when the oil price right now is US$71 per barrel! How absurd this could be? Well, should we feel "lucky" because there is someone who makes claim that the price of oil could well reach US$200 this year end? So is this future price of US$155 based the "discount" from US$200 per barrel? Is this another GAMBLE that went wrong and innocent Singaporeans have to paid for such losses?
