Crude Oil Drops Below USD$70

Dato’ AB,

I believe the government should maintain the high oil price. Not only such policy will allow us to use fossil based energy with caution but also, it will allow the reduction in green house emission and perhaps the creation of green industry.
The above premise deserves some additional treatment:

1. We, Malaysian, are not entrepreneurial. We’re used to be spoon-feed from kindergarten right up to our senior years. Therefore we lack in creativity, critical thinking and ambition. We’re at a lucrative cross-junction to define new competitive advantage for our country by moving into new industries based on green technology. We have all the ‘endowment’ to our expense – solar, wind, clean coal, natural gas and hydro.
2. Ironically, some Malaysians are opportunist. But sadly, this talent is not put to great use. They rather sap the proletariat whenever and wherever the opportunity arises. In our case, even with the decrease of crude oil price, the inflation is still high (Caveat: this depends on which statistics you refer to)

In summary, the petrodollar could be used to spawn many start-ups that could champion technologies to our betterment. To achieve this we need to act as One Malaysia and inject our political sphere with new blood and bold vision. We can’t afford a sleeping beauty, or a sex-crazed prime minister. Moist is the subject of the past and large-scale capitalism ought to be revisited. True democracy should be allowed to flourish.

The King