|Could be the next "wonder drug" |
Harvard researchers praise stunningly simplediscovery!
Article by Dr. Jeffrey Kitingan
IT'S HIGH TIME TO REVIEW THE
In view of the shocking developments as inevitable results of the sudden oil price hike, I would like to raise several issues with regards to the situation in Petronas which I believe most people are not aware of. This is especially pertinent in the face of several revelations, such as the fact that the in Sabah will dry up six years from now. The issue has also been raised that Petronas "could go bust in 2018", forcing us to ask: Where have all the huge amounts of Petronas money gone to?
Had Petronas been managed so badly that despite it being the nation's biggest money earner, it is now facing the possibility of going bust (bankrupt)? The first problem with Petronas is the fact that it was designed to be a secretive organisation. The Petronas agreements have been classified secret. Why? What clauses are in the agreement that the people should know? This secrecy also include the secrecy of Petronas' detailed annual report which is shielded from public scrutiny, making it an organization without public accountability.
OIL ROYALTY AGREEMENTS
The other shocking revelation that had came to my knowledge is that 80% of the oil produced by Petronas is not sold directly to the world market but is channelled through six 'option holders' who obtain the supply from Petronas below market prices. These option holder agents are the ones reaping the benefits in the oil price hikes. Who are these people? Why are there in the first place? Why had such a system been created for Petronas? Are these people in fact representing certain private interests?
It is also understood that this supply through the option holders is sold by contracts with a binding agreement for 20 or 30 years, causing huge losses for Petronas when oil price increases, as Petronas would then have to continue selling at the old agreed price. Only 20% of Petronas's supply is sold through direct open bidding. Because of these arrangements, Petronas is sadly not maximising its revenue by dealing direct with the open world market. Instead it has been incurring incalculable losses for the nation and for the people. How much this monstrous loss is, we will never know.
The Members of Parliament and the state government should boldly raise up this very important issue in Parliament or directly with the federal government for the benefit of the oil-producing states. As soon as possible, leaders of the oil producing states should seek for a review of the oil royalty rate and push for a differentiation of prices and benefits for the oil-producing states and the non-oil-producing states.
This review is being offered by the alternative government which is committed to giving the oil-producing states at least 20% oil royalty. This is a window of opportunity for all of us to demand for a review of the Petronas agreements, and to make Petronas more open and transparent. Parti Keadilan Rakyat also demands that the system of having the six option holders be abolished. A new system should be created in which the three oil-producing states are in control of the marketing arm of Petronas, to make Petronas trade directly in the world market with the aim of maximising revenue for the benefit of the nation.
Obviously, Petronas is a huge business organisation which is not accountable, secretive, and has been open to a lot of abuses, including the decision to use its revenue to bails out various individuals who faced bankruptcy as results of the Asian economic crisis ten years ago. It the federal government truly wants to be responsible and accountable to the people as it claims it wants to be, it can begin to prove its sincerity for excellent governance by looking into the problems with Petronas.
- DATUK DR. JEFFREY KITINGAN
Human = eat + sleep + work + enjoy
Donkey = eat + sleep
Human = Donkey + Work + enjoy
Human-enjoy = Donkey + Work
In other words,
A Human that doesn't know how to enjoy = Donkey that works.
Man = eat + sleep + earn money
Donkey = eat + sleep
Man = Donkey + earn money
Man-earn money = Donkey
In other words
Man who doesn't earn money = Donkey
Woman= eat + sleep + spend
Donkey = eat + sleep
Woman = Donkey + spend
Woman - spend = Donkey
In other words,
Woman who doesn't spend = Donkey
From Equation 2 and Equation 3
Man who doesn't earn money = Woman who doesn't spend
So Man earns money not to let woman become a donkey!
And a woman spends not to let the man become a donkey!
So, We have:
Man + Woman = Donkey + earn money + Donkey + Spend money
Therefore from postulates 1 and 2, we can conclude
Man + Woman = 2 that live happily together!
"Lord Buddha and The Brahmin" email@example.com
Lord Buddha was sitting under a banyan tree. One day, a furious Brahmin came to him and started abusing him.
The Brahmin thought that Lord Buddha would reciprocate in the same manner, but to his utter surprise, there was not the slightest change in the expression on his face.
Now, the Brahmin became more furious. He hurled more and more abuses at Buddha. However, Lord Buddha was completely unmoved. Actually there was a look of compassion on his face. Ultimately the Brahmin was tired of abusing him.
He asked, "I have been abusing you, but why are you not angry at all ?"
Lord Buddha calmly replied, "My dear brother, I have not accepted a single abuse from you."
"But you heard all of them, didn't you?" The Brahmin argued half-heartedly.
Buddha said, "I do not need the abuses, so why should I even hear them?"
Now the Brahmin was even more puzzled. He could not understand the calm reply from Lord Buddha.
Looking at his disturbed face, Buddha further explained, "All those abuses remain with you."
"It cannot be possible. I have hurled all of them at you," the Brahmin persisted.
Buddha calmly repeated his reply, "But I have not accepted even a single abuse from you ! Dear brother, suppose you give some coins to somebody, and if he does not accept them, with whom will those coins remain?"
The Brahmin replied, "If I have given the coins and not needed by someone, then naturally they would remain with me."
With a meaningful smile on his face, Buddha said, "Now you are right. The same has happened with your abuses. You came here and hurled abuses at me, but I have not accepted a single abuse from you. Hence, all those abuses remain with you only. So there is no reason to be angry with you."
The Brahmin remained speechless. He was ashamed of his behavior and begged for Buddha's forgiveness.
Lesson to Learn from This Story:
Inner calmness and peace are keys to contented life. You know who you are and what you want in life, so don’t respond to what person said about you in anger. Control your anger with patience and calmness. That is biggest strength of Wise men.
Never take some one for granted, Hold every person Close to your Heart because you might wake up one day and realize that you have lost a diamond while you were too busy collecting stones.
Every day there is something in our lives that we should be thankful for.
Today, we should all be thankful the
photographer wasn’t on the ....