With Suharto's demise perhaps more of big oil's gross revenue will be going
into the country's coffers and not into the pockets of those of those who
roll Kretek cigarettes ! Oh, how I remember those things from a previous
life as well as being commanded to leave my M3 courtesy of a cloakroom
attendant at Jakarta's national museum.
jh
----- Original Message -----
From: "Andrew Fildes" <afildes@xxxxxxxxxxxxx>
To: <olympus@xxxxxxxxxx>
Sent: Saturday, May 24, 2008 7:41 PM
Subject: [OM] Re: A recent thread.
>
> 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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