Dateline 2011-03-29:
Oil- and gas-producing Sabah is not the poorest state in the country, according to the Ministry of Federal Territories and Urban Wellbeing.
In refuting the findings of the World Bank Report which noted that 40% of the country’s poor were sited in Sabah, minister Raja Nong Chik Raja Zainal Abidin said it was Terengganu which had the highest number of poor.
He said Terengganu had the highest number of families falling into the three cateogry of “hardcore poor, poor and near poor” with 12,193 families.
…
Wata - Malaysian Oil and Gas Engineer 
So irony.. pity terengganu ppl..=(
Nganu still nyummyyy….since their people sooo stupid choose BN or “B”ase “N”atang”…exxon will stay for a long time for telok field development,ksb phase 3 will grow up like a hell with stupid management…da first gas is expected in 2013..450 Mscfd of gas produced soon and suck by sucker najib..and dry of estimated to be in 2037..when najib already mampus…so stupid nak buat jambatan pun susah after 2 MB?
So what this really means Wata? If got oil we are still poor, what if we don’t have anything?
bamboozled: I would interpret it to mean that Terengganu’s wealth has been siphoned out of the state. Go ask PETRONAS and the federal government where the money went. Note that the article didn’t say anything about the state’s potential revenue.
I remember before the Opposition took over T’s management. Development was close to zero, only because it was impossible to get negative development. After de Old Management won the state back from de New Management, look and see how development of the state (relatively) took a big jump.
I’m curious as to what would happen to the other states de New Management is in charge of changes hands. How is Perak nowadays?
Ohh man…If we were to start talking politics here, it will never end.
You still didn’t answer my simple question, what if we were like Japan, where we have almost zero oil?
bamboozled: we do what any resource poor nation does, we conquer other countries, and establish colonies. Wait, that was the early 19th century. What we do now is we start up production companies in other countries, and ensure we have a source of materials. Examples of the start of this process would be PETRONAS, TNB (coal). Alternatively, find a new business model which is not dependent on non-renewable resources.
Production companies in other countries will surely help to provide the raw material that we need. But it does not provide jobs here at home. We can’t exactly send a mass horde of malaysians to the other countries, they need the jobs for their people.
So in the end we still end up poor and jobless, with or without oil.
In any trade, when there is a demand there will be supply. In malaysia’s sense, Renewable Energy (RE) is not in high demand. I’m not saying that we don’t have RE for the time being, but it is pale compared to other countries.
Read this article and you will understand:
http://biz.thestar.com.my/news/story.asp?file=/2011/3/26/business/8336530&sec=business
Here is some excerpts:
“Currently, renewable energy contributes less than 1% to the energy mix in Malaysia. By 2020, the target is for renewable energy to comprise 11% or 2,080MW of overall electricity generation in the country.”
“International FiT expert and independent energy policy consultant and researcher at the Environmental Policy Research Centre of Freie Universitat, Berlin, David Jacobs believes the short-term target of 5.5% is definitely achieveable. He says, however, Malaysia should have a more ambitious long-term target.”
“With Malaysia targeting to achieve 25% of total usage of renewable energy by 2050, other countries would be in the 60%-70% range by then.”
Like always, Malaysia is always behind in everything, by 20-30 years.
While other part of the world have make it mandatory to have ABS and Airbag in their cars plus other safety technology, we still have the most basic car, with no airbags, abs. Seat belt is sufficient enough for malaysians.
The problem is actually our people, we are too stupid and afraid to do anything. This is due to our education system, it does not promote creativity. The other problem is our politician, always finding ways to make money out of everything for their own sake.
Combine stupid people + corrupt politicians, we have what we have now.
Combine stupid people + corrupt politician = astute + play it safe .. ha ha ha
hans?hess?…hell?..we meet at ISA lah..
Hess ..
Oh come-on .. get a life laaa
hoo loooo….