Tuesday, July 29, 2008

OIL PRICE HIKE

2008 is the worst year for malaysians, when our Prime Minister had announced the price of oil or petrol had increased from RM1.92 to RM2.70. This situation is occurring all over the world and we are also facing the same problem. It cannot be denied that oil has been compulsory consumption for each of us. Therefore, it has leaved great impact on each person. There are several reasons why the price of oil hiking drastically. In fact, the demand for oil consumption was more than expected especially in China, India, and United States.Secondly,political and security instability in some oil exporting country causing them producing and exporting less oil. For sure, oil price hike has affected us deeply. Thus, we should find another alternative in order to replace it, hence decrease our reliability on oil. Besides, we should be prepared in any occasion. Preserve the stability of the world for our own good.

http://www.arabnews.com/?page=6&section=0&article=51086&d=6&m=9&y=2004

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