With all do respect to my good hearted friend and fellow prefect and primary school mate Shazwi, I am about to blog about daddy.
The first weeks of the year, usually filled with lots of drama was privileged to have one more 'play' on hand, a rather oily one.
Malaysia, as we all learn in our geography books is THE LARGEST producer and exporter of palm oil in the world. Since all you humans are obsessed with statistics, here are some for you. We produced 14 million tons of palm oil from more than 38,000 square kilometers of land in 2004. Sime Darby alone as 524,626 hectares of oil palms! I mean, BLIMEY right?

So naturally, one of the first people to get wind of the news was Minister of Domestic Trade and Consumer Affairs, Datuk Mohd. Shafie Apdal. Again, sorry Shazwi (Shazwi is his son). Well, knowing about the shortage, one of the first measures Datuk Shafie did was tell the public that there was a shortage so everyone would be limited to purchasing only 5kgs of cooking oil starting the following Monday (7th Jan 2008).
"It's a temporary measure to alleviate the shortage. It will help to prevent panic buying," he said. "We can't control 100 percent but at least people cannot buy more than 5 kilograms at any one time."
So what do you think frantic panicky cooking oil dependent Malaysians did? Yes, they emptied out the cooking oil from shelves before regulation could prevent them from getting it. Gee, I wonder why Datuk Shafie didn't think of that. Lets see, demand curve pushed right, supply curve pushed left, price ceiling because of controlled item, ding ding ding, u have a shortage! =P
Oh well, so the purpose of the 5kg a person rule again? Uh... Lets see, purposeless because the oil shelves were empty anyway.
Pfft, for cying out loud... =S
No comments:
Post a Comment