As expected the recent increase in fuel prices has started a domino effect on the economy. Prices of goods and services increase without fail everytime the fuel price increases. The public wants a fairer system but I doubt that will ever see the light of day. There were long lines at the petrol stations before the midnight deadline. Tempers flared as everyone wanted that extra bit of fuel before the price increases. There has been grumblings from all quarters that their household budget has to be revised upwards as a consequence.
Malaysia is a net oil exporter. How did this happen. Alternative sources of energy has never been given top priority. For example, we should have been one of the top nations in terms of solar energy but even the research and development in that area seems to be in spurts. We were hoodwinked when new fields of oil and gas was found in abundance about 20 years ago.
When will we ever learn?
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