Fuel debate quite a disappointment

At least, that’s what it was for me. I missed some parts of the arguments, my Internet wasn’t getting a very clear line, but I think I got most of what was being said by both Anwar and Shabery Cheek.

For the most part, Shabery Cheek was giving me a history lesson. It got quite personal at certain points too, bringing the discussion back to when Anwar was Finance Minister and Deputy Prime Minister. There wasn’t exactly anything new from Shabery Cheek. Most of what he explained on the issue of fuel price was already explained in detail in the newspapers and things like that.

As for Anwar’s part. Most of it was also nothing new, if you’ve been following his speeches. The one new thing, perhaps, was that he suggested that the government renegotiate their contracts with the IPPs. Energy capacity reserve, according to Anwar (and not denied by Shabery) in Malaysia is at about 400%. He says that this can be reduced to 200%, as currently the IPPs are earning billions of ringgit.

My lack of knowledge in economics is something quite felt at the moment.

But that was the one suggestion from Anwar to the government that I have not heard before. And according to Anwar’s calculations, this reducing of capacity reserve is enough to save the government RM2 billion at the very least.

If this is true, this has to brought up and looked into.

Shabery made one point, of which I have been aware of. Anwar talked about reducing the price of fuel before the price was hiked up to RM2.70. It was previously RM1.92.

Anwar says that if PR forms the government today, the price of fuel will come down by 50 cents tomorrow, meaning from RM2.70 to RM2.20.

Sure, there’s a huge difference. But if it was possible for Anwar to bring the price down before the elections and current price, then surely the reduction in fuel price should be much more than 50 cents?

*********

Among the points discussed (and yet to be resolved, I think..):

  • Malaysia being a nett exporter of petroleum. Isn’t Malaysia making more money out of the global increase?
  • Now that the government has saved 13 billion ringgit in subsidies by raising the fuel price, what is being done with that money to improve the transportation system? (Shabery sort of dodged this question, I think.)
  • Petronas expects that Malaysia will become a nett importer of petroleum in the next 5-10 years. What will happen then? If Anwar brings the price down today, will he then hike it up secara mendadak when we no longer have petroleum? (Anwar says that Petronas is continuing its search for more reserves, and that we shouldn’t be scared of going dry. But I think it’s best to be careful with what we have. Waste not, want not.)
  • Why not suggest what can be done to help the people, instead of concentrating of forming the government? (This directed at Anwar, of course.)
  • Anwar to Shabery: Clean up the goverment, rid it of kebocoran and corruption. Improve the management of funds.

Personally, I was expecting a lot more from the debate. I think Shabery and the other person he had with him to ask a question to Anwar were both being a bit too personal, attacking on issues other than the one being debated, and talking about the past.

I’ll wait and see what they write in the news tomorrow.


6 Comments on “Fuel debate quite a disappointment”

  1. Ahmad Rizal says:

    Does this Shaberry guy even know what the main topic of the debate was? All I heard were immature acts of lame attempts of escaping the issue. I’m not very fond of Anwar (I’m a BN voter), but please.. It was like a debate between a PhD graduate and PMR dropout.. Guess he watched too much Bung Mokhtar on TV.
    _____________
    It was a bad debate.

  2. Salak says:

    Yes, the Cheek raised this good point about the price cut being before the GE 08. He just doesn’t dwell on the fact enough. Oil price rise has nothing to do with fundamental cost of drilling, which rises a little but not substantially disproportionate enough to wipe off the whopping gain. If you ask me, Anwar should not have been the participant of the debate, but the facilitator.

    The Kaldai support guy also did not help Cheek. He had a good point but illusioned enough not to be articulate, (he’s really not that, now we know), about it. Didn’t try to understand the gas and the IPP issue, which Anwar had pinpointed into real savings! The crux of that issue!

    The Cheek is unwell, the foam at the corner of his mouth needs medical attention! Maybe he is generally unwell. He should have stayed in bed😉

  3. KevinP says:

    Haha.. yeah.. that Kaldai fler may be “removed” from the VC position he is holding at UUM. He has at last shown his true colors. caught and cornered red handed… and he is called a Dr.!

  4. warrior2 says:

    Agree that it was a disspointment but I thought Sabyr did well too.

    Anwar was caught with the pre election angle. He must bring it down to below RM192 and for it to be meningful, the reduction must be substantif i.e. to rpbably RM 150. That means a subsidy of nearly 20 billion if I am not mistaken at current price of crude. What if it goes to 175us? that means a subsidy of probably 30 Billion ringgit. Can he cari that subsidy ,oney?

    Dont think so.
    Sabry didnt catch on that. He should

  5. matahitam says:

    debate waz a sounding victory for anwar n demokrasi.
    but not good4 bn.
    IF diz topic were to be held in any high school,i tink the students would hav fared better with points THEN MR SABREEE.

    IF DIZ IZ A TRUE AMERICAN PRESIDENTIAL DEBATE< ANUAR IS A WALK AWAY WINNER BY MILES TO BE THE NEXT PRESIDENT!!!

    1- as a pro.n future leader of msia,anuar jz nailed it with focas,truthful N dedication of a true statesman.
    2- anuar didn stray out of ?? n always answered the ??? ??? with vision n facts.
    3- HE DIDN BOTHER TO PERSONAL ATTACKS BY SABRI…
    [I TINK IF HE WERE TO DO THAT` SABRI WUNT LAST TILL THE END.] thkz to anuar!!
    4- anuar jz focased on the curent topic n explained it well how to doit- with vision n facts!!
    [ NOW DIS is WAT mr SABRI FRO THE GOVT MUST HAV DONE N HE` FELT FLAT ]
    5- sabri waz like a stray dog without any vision or understanding of the ?? raised by the panels[including his own crony] or by anwar.
    [I DIDN NOTICE A SINGLE ??? ANSWERED BY SABRI WITHOUT STRAYING, OR OUT OF TOPIC FOR SUM TIME]
    6-SABRI SAID HE IZ THE ONLY ONE WHOM CAN EXPLAIN IT TO THE RAKYAT..[ TOTALY OUT OF TOPIC LIKE A STRAY DOG WITHOUT HOME,
    N DIDN MAKE ANY CASE AZ WAT THE GOVT WANT HIM TO XPLAIN ] N [ WHO THE HELL WAZ HIZ CRONY ON THE PANEL MAN??? KAHAHA!!![ DUNO EVN NOE HOW TO ASK A ??? ]
    7- FINALY I GOT SUM ASSURANCE FROM ANUAR WAT THE KIND OF INTELECTUAL GOVT WIL THERE B IF PAKATAN RAKYAT WERE TO B ELECTED!!! N[ WAT KIND OF STUPID KIDDY LEADERS WE HAV ON THE THRONE RIGHT NOW… ]
    WAZ IT LIKE A PHD AGAINST PRIMARY2…????

  6. Syahredzan Johan says:

    Actually, the part about the price cut before election was already explained by Anwar.

    He said that the pre-election manifesto/promise was made before the hefty increase that the government announced and implemented.

    He also said that his proposed RM0.50 price reduction was an immediate measure. It’s the first step, so to speak.

    He also said that he believes that he can bring it lower with proper management of government funds.


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