So, when do we get a new chalice?
Dateline 2013-06-10:
Shamsul Azhar Abbas, CEO of Malaysia’s national oil company Petronas, Monday referred to subsidies as a “poisoned chalice” that distorts the true picture of energy pricing, and more often than not, benefit the rich more than the poor.
A similar sentiment was expressed by Malaysian Prime Minister Najib Razak at the opening ceremony of the 17th Asia Oil and Gas Conference in Kuala Lumpur, though the tone was far more muted. Najib counted “rationalizing subsidies” as one of the things the country should do to address its near- and medium-term challenges.
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