Hah!
Dateline 2014-11-05, Free Malaysia Today:
A research house has said that while the decline in oil prices will have a positive impact on Malaysia’s trade surplus due to its position as a net oil importer since January this year, it would likely be insignificant given the small oil trade deficit.
RHB Research said Malaysia turned into a net oil importer this year when it imported a net amount of RM3 billion in the first eight months of 2014 compared with a net export of RM2.1 billion in the same period last year.
“We estimate that for every US$10 per barrel fall in the average crude oil price, government revenues would be reduced by RM4 billion, but this would be mitigated by a corresponding reduction in expenditure through a lower fuel subsidy bill, with a potential reduction of RM2.5 billion,” it said in a statement Tuesday.
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Wata - Malaysian Oil and Gas Engineer 