Indonesia is self-sufficient in oil (or was, until East Timor got
independence and may still be) so the extent of 'subsidy' may be that
they charge consumers actual price rather than world parity and don't
load it up with swinging tax and excise rates - unlike Australia
where some suspect that the bloody budget surplus is fuelled by the
rises.
But the fact remains, murkins are doing quite well in terms of prices
and are having to confront (finally) an economy propped up by a fuel
that is no longer cheap. Change all the politicians that you want -
won't make any difference in the long run (and they know it).
Ain't capitalism wonderful.
Time to pay the rent.
Andrew Fildes
(who is probably wrong because the oil 'scarcity' of the early
seventies didn't cause a shift in thinking).
afildes@xxxxxxxxxxxxx
On 25/05/2008, at 8:29 AM, Jan Steinman wrote:
>> From: Larry <halpert@xxxxxxxxxxxxx>
>>
>> Andrew Fildes wrote:
>>> The Indonesian Government, which subsidises petrol prices, will
>>> rise from an average of 51 cents per litre to 68 cents per
>>> litre.
>> Now, why in hell would they do something so moronic as that?
>> Subsidizes
>> "petrol" prices??
>
> THAT'S RIGHT!!!
>
> They should do it the 'Mercan way, and subsidize the petrol producers,
> NOT the petrol consumers!
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