this is as real as it gets!

we should start saving energy now

and come up with a real globalisation proof economic policy

i dont think all this myopic protectionist economic policy in the name of saving any particulat race or anak beranak can last any more longer

the question is,

are you (read old people of malaysia) going to leave us (read young people of Malaysia) with a country fragmented both politically and economically???

may god protect this country :(

Oil reserves to run out by 2014

May 14, 08 12:32pm

Net oil exporter Malaysia will become a net energy importer of oil and gas by 2014 as its own reserves eventually runs out, news reports said today. MCPX Minister in the Prime Minister's Department Amirsham Aziz said based on the current oil extraction methods by state energy firm Petronas, the crude oil and oil condensates were expected to last for 22 years, the New Straits Times daily reported. Gas reserves would last for a longer period of 39 years, Amirsham said. "Although it looks like the reserves period is long, the reality is the country is also importing oil and gas to partly cater to the local demand," he was quoted as saying by the daily. "Therefore, the country is expected to become a net importer of energy in the near term projected to be by 2014," he said in Parliament. He said the price of petroleum and gas products exported by Petronas are based on world market prices but prices of fuel in the domestic market was sold on prices partly fixed by the government. Fuel costs are a thorny subject in Malaysia, after a series of hikes last year triggered widespread anger and contributed to a huge vote swing in favour of the opposition in the recent March polls after the latter promised to lower fuel prices during election campaigns. The government currently pays hefty fuel subsidies which is expected to hit up to RM45 billion this year on soaring world crude oil prices. -AFP