Posts Tagged ‘energy’
Oil is still the most important commodity. The change of its price will affect the economics of the whole world. The developing countries that still struggle to provide oil subsidy for its citizen will work harder. But state planner also have to beware of oil speculator. According to the latest research release, oil speculator will add 83 cent of gasoline price.
The result: In May, when the nationwide average for a gallon of regular gas peaked just below $4, speculators added about 83 cents to the total price, according to researchers Robert Pollin and James Heintz. Remove speculators from the market, and gasoline would have topped out around $3.13.
You know what it means to developing countries. The state planner have manage to afford the oil price that have been manipulated by speculators.
Blast of 3 kgs LPG container is now the trending topics in Indonesia. The story began when the authority set up a policy to replace kerosene with liquid gas for home energy. According to authority, the policy will decrease the government subsidy budget for energy. Subsidy is now problematic since the upsurge of global oil price. Technically, the policy was relevant. It was a promising policy to prevent indonesia from economic collapse.
It was unpredicted that the 3 kgs LPG tube could turn to be bombs. According to some analyst, it is the lack of quality that turns the gas tube to be small bomb. There are so many containers that stored in every Indonesian kitchen. suprisingly, it could explode anytime. Even crazier, somebody could utilize it as a bomb. Be carefull…