Tight oil supplies, red-hot global demand and a weakening dollar will boost average oil prices to a record level next year, a Reuters poll showed on Wednesday.
Analysts raised their average 2008 oil price forecast for U.S. crude to $67 a barrel as many believe the current rally will continue well into next year. The forecast surpasses the record average of $66.24, reached in 2006.
"Behind the market tightening, we see global oil demand accelerating in the second half of this year and maintaining strong momentum through early 2008," said independent analyst Geoff Pyne of Enerpyltd.com.
Falling U.S. crude stocks, concern about storm damage to Gulf of Mexico oil installations,
a half-point cut in key U.S. interest rates and a weak dollar have pushed oil to a record
$83.90 a barrel this month.
Analysts forecast oil prices to finish strong this year with U.S. crude averaging $69.82
in the fourth quarter. The average 2007 oil price is estimated at $66.07, slightly lower than
last year due to the market's brief dip below $50 in January.
"For the balance of this year, we do not see much downside given current OPEC production
trends," said Harry Tchilinguirian, senior oil analyst at BNP Paribas.
"And the usual geopolitical suspects -- Iran, Iraq, Nigeria, Venezuela -- will feature again prominently next year," he added.
The Organization of the Petroleum Exporting Countries pledged this month to raise oil output by 500,000 barrels per day from Nov. 1, but the move did little to soothe consumer
concerns that supplies may run thin this winter.
Oil Falls Below $80 as U.S. Crude Inventories Rise Weak Dollar Central to Oil Price BoomWal-Mart to Look at Suppliers' Energy EfficiencyKazakhstan Government Allowed to Break Oil ContractsMore Energy News
Analysts' 2008 forecasts for U.S. crude showed a wide divergence of $27. Goldman Sachs,
the most bullish in the poll, predicted WTI crude to average $85 next year with prices
climbing as high as $95 by the end of 2008.
Analysts believe prices will peak in 2008 with average U.S. crude prices declining to $62.74 the following year and $59.41 in 2010.
This news come from CNCB.com
Wednesday, September 26, 2007
Saturday, September 22, 2007
He did it again
Microsoft founder Bill Gates is the richest person in America for the 14th year in a row, followed by investor Warren Buffett, according to Forbes magazine's latest list of the wealthiest Americans.
The pair's fortunes each grew by $6 billion in the past year, Forbes said Thursday, with Gates' fortune $59 billion and Buffett $52 billion.
Buffett has pledged 85 percent of his net worth to the Bill and Melinda Gates Foundation and family charities.
Casino magnate Sheldon Adelson ($28 billion), head of Las Vegas Sands, and software tycoon Larry Ellison ($26 billion), chief executive of Oracle, remain at No. 3 and No. 4 on the 25th annual ranking of 400 rich Americans, which now requires a minimum net worth of $1.3 billion for inclusion.
"The collective net worth of those listed on the 400 this year rose $290 billion to $1.54 trillion," Forbes said. "Despite market jitters, nearly half of the 45 new members come from hedge fund and private equity investments."
For the first time since 1989 there are no members of the Walton family, descendants of Wal-Mart founder Sam Walton, in the top 10. Four members -- Jim, Christy, Robson and Alice -- slipped to 12th and 15th place.
The Waltons were displaced by Google co-founders Sergey Brin and Larry Page, who came in at No. 5 with fortunes of $18.5 billion, and brothers Charles and David Koch, who run Koch Industries, the world's second largest private company, and are each valued at $17 billion, earning them 9th place.
Investor Kirk Kerkorian was the biggest gainer on the list, his fortune rising by more than $9 billion in the past year to $18 billion. He debuted in the top 10 at No. 7 -- up from No. 26 last year.
Bill Gates did it again become the richest man on earth for 14 years in a row. Well done and congratulation.
The pair's fortunes each grew by $6 billion in the past year, Forbes said Thursday, with Gates' fortune $59 billion and Buffett $52 billion.
Buffett has pledged 85 percent of his net worth to the Bill and Melinda Gates Foundation and family charities.
Casino magnate Sheldon Adelson ($28 billion), head of Las Vegas Sands, and software tycoon Larry Ellison ($26 billion), chief executive of Oracle, remain at No. 3 and No. 4 on the 25th annual ranking of 400 rich Americans, which now requires a minimum net worth of $1.3 billion for inclusion.
"The collective net worth of those listed on the 400 this year rose $290 billion to $1.54 trillion," Forbes said. "Despite market jitters, nearly half of the 45 new members come from hedge fund and private equity investments."
For the first time since 1989 there are no members of the Walton family, descendants of Wal-Mart founder Sam Walton, in the top 10. Four members -- Jim, Christy, Robson and Alice -- slipped to 12th and 15th place.
The Waltons were displaced by Google co-founders Sergey Brin and Larry Page, who came in at No. 5 with fortunes of $18.5 billion, and brothers Charles and David Koch, who run Koch Industries, the world's second largest private company, and are each valued at $17 billion, earning them 9th place.
Investor Kirk Kerkorian was the biggest gainer on the list, his fortune rising by more than $9 billion in the past year to $18 billion. He debuted in the top 10 at No. 7 -- up from No. 26 last year.
Bill Gates did it again become the richest man on earth for 14 years in a row. Well done and congratulation.
Monday, September 17, 2007
Mid life crisis
Individuals experiencing a mid-life crisis are said to have some of these feelings:
search of an undefined dream or goal
a deep sense of remorse for goals not accomplished
desire to achieve a feeling of youthfulness
need to spend more time alone or with certain peers
a desire to initiate new sexual partnerships
They are said to exhibit some of these behaviors
abuse of alcohol
conspicuous consumption -- acquisition of unusual or expensive items such as clothing, sports cars, jewelery, gadgets, tattoos, motorbikes, shotguns etc.
depression
paying special attention to physical appearance
Are you in mid life crisis?
If you are in the twenty : Be glad cause you are still young.
If you are in the thirty : Don't worry. This is the beginning of adult life
If you are in the fourty : Danger cause you need to find your direction
If you are in the fifty : Aim for retirement and plan what to do next
If you are more than sixty : Enjoy
search of an undefined dream or goal
a deep sense of remorse for goals not accomplished
desire to achieve a feeling of youthfulness
need to spend more time alone or with certain peers
a desire to initiate new sexual partnerships
They are said to exhibit some of these behaviors
abuse of alcohol
conspicuous consumption -- acquisition of unusual or expensive items such as clothing, sports cars, jewelery, gadgets, tattoos, motorbikes, shotguns etc.
depression
paying special attention to physical appearance
Are you in mid life crisis?
If you are in the twenty : Be glad cause you are still young.
If you are in the thirty : Don't worry. This is the beginning of adult life
If you are in the fourty : Danger cause you need to find your direction
If you are in the fifty : Aim for retirement and plan what to do next
If you are more than sixty : Enjoy
Monday, September 10, 2007
Amanah Saham Wawasan 2020. So far return is higher than Fixed Deposit and is a fixed fund.
Permodalan Nasional Bhd’s unit Amanah Saham Nasional Bhd will make available 2.06 billion new units of Amanah Saham Wawasan 2020 (ASW 2020) for the public to subscribe on Sept 12.
PNB president and chief executive officer Tan Sri Hamad Kama Piah said the offer would commence at all ASNB offices and 1,400 agents’ outlets nationwide at 9.30am.
“To ensure fair distribution to the investing public, a maximum limit of 20,000 units has been set per account holder during the offer period from Sept 12 to 25,” he said.
Under the new offer, 60 million units have been allocated for the disabled to provide them with hassle-free transactions.
Hamad said the disabled must produce the Disabled Identification Card issued by the Social Welfare Department when making transactions.
ASW 2020 is a fixed-priced equity fund open to all Malaysians aged six months and above and is subject to a 51:49 bumiputra and non-bumiputra quota. Each unit is priced at RM1.
PNB president and chief executive officer Tan Sri Hamad Kama Piah said the offer would commence at all ASNB offices and 1,400 agents’ outlets nationwide at 9.30am.
“To ensure fair distribution to the investing public, a maximum limit of 20,000 units has been set per account holder during the offer period from Sept 12 to 25,” he said.
Under the new offer, 60 million units have been allocated for the disabled to provide them with hassle-free transactions.
Hamad said the disabled must produce the Disabled Identification Card issued by the Social Welfare Department when making transactions.
ASW 2020 is a fixed-priced equity fund open to all Malaysians aged six months and above and is subject to a 51:49 bumiputra and non-bumiputra quota. Each unit is priced at RM1.
Friday, September 7, 2007
Petikan dari malaysia-today.net
Di bawah ini adalah satu desas-desus politik yang menggemparkan. Ia membabitkan kisah kononnya Datuk Seri Abdullah Ahmad Badawi telah memperolehi “wang pendahuluan” sebanyak RM840 juta daripada Singapura untuk “membeli sokongan” anggota Kabinet Malaysia dan ahli Majlis Tertinggi UMNO supaya tidak memujuk Tun Dr. Mahathir Mohamad menukar keputusannya bersara daripada politik dan kerajaan pada akhir 2002.
Desas-desus ini saya cedok daripada tulisan Raja Petra Kamarudin (RPK), dalam ruangan The Corridors Of Power, Malaysia Today, 3 September 2007. Dengan tajuk Fact Or Fancy?, RPK menghuraikan desas-desus yang mendakwa kononnya pada suku akhir 2002, Singapura telah memberikan wang sejumlah RM840 juta kepada Khairy Jamaluddin.
Kata desas-desus itu, Khairy kemudiannya dikatakan menyerahkan wang RM840 juta itu kepada Tun Khalil Yaacob selaku Setiausaha Agung UMNO pada ketika itu. Kononnya, wang itu adalah untuk “membeli” seluruh anggota kabinet Malaysia dan ahli-ahli Majlis Tertinggi UMNO Malaysia.
Menurut RPK, tidak terdapat sebarang dokumen untuk membuktikan transaksi wang tersebut. Yang ada hanya kenyataan “one high level Umno official” atau seorang pegawai tinggi UMNO yang dikatakan memperolehi maklumat berkenaan daripada seorang pegawai perisikan asing yang memantau pergerakan wang itu daripada Singapura ke Australia dan akhirnya di Malaysia.
Antara intisari desas-desus itu adalah, selepas Mahathir mengumumkan perletakan jawatannya di Perhimpunan Agung UMNO 2002, beliau pun bercuti di luar negara. Percutian itu kononnya membimbangkan sesetengah pihak. Mereka khuatir kalau-kalau sekembalinya daripada percutian, Mahathir mungkin menarik balik keputusannya untuk bersara.
Untuk mengelakkan kebimbangan di atas jadi kenyataan, anggota Majlis Tertinggi UMNO dan anggota Kabinet Malaysia perlu “dibeli”.
Kononnya, ketika itu Abdullah tidak mempunyai wang untuk tujuan tersebut. Lantas, Khairy pun dikatakan dikerahkan ke Singapura untuk berunding dan mendapatkan “advance” sejumlah RM840 juta daripada pihak berkuasa di republik berkenaan untuk membiayai “pembelian” di atas.
Sebagai balasannya, Malaysia kononnya akan membantu Singapura mengatasi masalah tanah yang dihadapinya. Pertama sekali, Malaysia akan menjual pasir yang diperlukan untuk kerja-kerja tebusguna laut supaya pulau itu membesarkan saiznya dua setengah kali ganda daripada sekarang.
Keduanya, Singapura akan “annex” atau “memajak” sebahagian daripada Johor, walaupun tidak sama seperti pemajakan Province Wellesley kepada Pulau Pinang, tetapi secara tidak langsung menerusi kewujudan Wilayah Pembangunan Iskandar yang sebenarnya adalah Wilayah Ekonomi Utara Singapura.
Wang sebanyak RM840 juta itu kemudiannya dikatakan telah dibahagi-bahagikan kepada pihak yang tersebut di atas. Dengan itu, sekiranya Mahathir menarik balik keputusan persaraannya, maka penerima habuan tersebut hendaklah melakukan ssuatu supaya Mahathir terus bersara.
Adakah berita angin yang liar seperti di atas sahih dan benar? Tidak mungkinkah kisah di atas sengaja diada-adakan? Kata RPK, adalah sudah jadi lumrah di Malaysia di mana desas-desus akhirnya menjadi kenyataan. Contohnya, Abdullah pernah menyatakan di satu sidang media bahawa perkahwinan beliau dengan isterinya yang baru adalah hanya desas-desus atau berita angina. Tetapi, bukankah Abdullah kini berkahwin dengan wanita yang didesas-desuskan sebelum ini?
Untuk kisah sepenuhnya sila layari link: http://malaysia-today.net/blog2006/corridors.php?itemid=7793
Desas-desus ini saya cedok daripada tulisan Raja Petra Kamarudin (RPK), dalam ruangan The Corridors Of Power, Malaysia Today, 3 September 2007. Dengan tajuk Fact Or Fancy?, RPK menghuraikan desas-desus yang mendakwa kononnya pada suku akhir 2002, Singapura telah memberikan wang sejumlah RM840 juta kepada Khairy Jamaluddin.
Kata desas-desus itu, Khairy kemudiannya dikatakan menyerahkan wang RM840 juta itu kepada Tun Khalil Yaacob selaku Setiausaha Agung UMNO pada ketika itu. Kononnya, wang itu adalah untuk “membeli” seluruh anggota kabinet Malaysia dan ahli-ahli Majlis Tertinggi UMNO Malaysia.
Menurut RPK, tidak terdapat sebarang dokumen untuk membuktikan transaksi wang tersebut. Yang ada hanya kenyataan “one high level Umno official” atau seorang pegawai tinggi UMNO yang dikatakan memperolehi maklumat berkenaan daripada seorang pegawai perisikan asing yang memantau pergerakan wang itu daripada Singapura ke Australia dan akhirnya di Malaysia.
Antara intisari desas-desus itu adalah, selepas Mahathir mengumumkan perletakan jawatannya di Perhimpunan Agung UMNO 2002, beliau pun bercuti di luar negara. Percutian itu kononnya membimbangkan sesetengah pihak. Mereka khuatir kalau-kalau sekembalinya daripada percutian, Mahathir mungkin menarik balik keputusannya untuk bersara.
Untuk mengelakkan kebimbangan di atas jadi kenyataan, anggota Majlis Tertinggi UMNO dan anggota Kabinet Malaysia perlu “dibeli”.
Kononnya, ketika itu Abdullah tidak mempunyai wang untuk tujuan tersebut. Lantas, Khairy pun dikatakan dikerahkan ke Singapura untuk berunding dan mendapatkan “advance” sejumlah RM840 juta daripada pihak berkuasa di republik berkenaan untuk membiayai “pembelian” di atas.
Sebagai balasannya, Malaysia kononnya akan membantu Singapura mengatasi masalah tanah yang dihadapinya. Pertama sekali, Malaysia akan menjual pasir yang diperlukan untuk kerja-kerja tebusguna laut supaya pulau itu membesarkan saiznya dua setengah kali ganda daripada sekarang.
Keduanya, Singapura akan “annex” atau “memajak” sebahagian daripada Johor, walaupun tidak sama seperti pemajakan Province Wellesley kepada Pulau Pinang, tetapi secara tidak langsung menerusi kewujudan Wilayah Pembangunan Iskandar yang sebenarnya adalah Wilayah Ekonomi Utara Singapura.
Wang sebanyak RM840 juta itu kemudiannya dikatakan telah dibahagi-bahagikan kepada pihak yang tersebut di atas. Dengan itu, sekiranya Mahathir menarik balik keputusan persaraannya, maka penerima habuan tersebut hendaklah melakukan ssuatu supaya Mahathir terus bersara.
Adakah berita angin yang liar seperti di atas sahih dan benar? Tidak mungkinkah kisah di atas sengaja diada-adakan? Kata RPK, adalah sudah jadi lumrah di Malaysia di mana desas-desus akhirnya menjadi kenyataan. Contohnya, Abdullah pernah menyatakan di satu sidang media bahawa perkahwinan beliau dengan isterinya yang baru adalah hanya desas-desus atau berita angina. Tetapi, bukankah Abdullah kini berkahwin dengan wanita yang didesas-desuskan sebelum ini?
Untuk kisah sepenuhnya sila layari link: http://malaysia-today.net/blog2006/corridors.php?itemid=7793
Monday, September 3, 2007
Call for Lii Hen
Someone say can go up to RM 1.60. Do not know it is real or not but based on the volume these few days, someone is buying.
Have a look
Have a look
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