designing life

Oil Price reached US$142.99 per barrel

I just read the news that the oil price has reached all time high US$142.99 per barrel.  Whoaa… it must have been affecting a lot of commodities.  Transportation cost that are crucial to oil price will increase as well.  In the end prices of good could increase and create inflation in many countries.   Even for oil producing company, it could mean an inflation if the government could not control the market.  Why?  The oil producing company starts to enjoy benefits from the high price of oil.  However, merchant will take advantage of the increase in purchasing power of those countries.  As expected, the prices will increase to level up the strong purchasing power.

Well, there have been many researches to find an alternative for oil.  One of them is the bio-diesel that can be produced from plantations like palm oil.  Malaysia as the major producer of palm oil before has been over run by Indonesia.  Indonesia aggressively opened new  area for palm oil plantation.  Unfortunately, there is not much factory to convert this palm oil into bio-diesel in Indonesia.  Most of the products are just being exported to neighbor contries and being processed there.  Why?  It is also still a mistery for me

This entry was posted on Thursday, July 3rd, 2008 at 5:19 pm and is filed under featured, what i think. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.