Ben Hur Plug Up Blog - I belief that if one wants change one have to fight for it and cannot be a bystander .If you have articles, information, thoughts you want to share just send it to me at benhurplugup@gmail.com . Please keep your articles brief, not more than 1000 words or just use bullet points. If you have pictures to go with the articles, that is even better. Towards an excellent Malaysia.
Wednesday, 26 April 2017
Malaysian General Election PRU/GE 14 Lesson 5 - Choose the Party which keeps it Election Manifesto promises
Malaysian General Election PRU/GE 14 Lesson 5 –Winning Party is elected
the strength of its manifesto and promise to the voters
Voters at the ballot boxes in Malaysian GE/PRU 14 must elect at the
Party which is most consistence on keeping its promises it made during campaigning
and not after the fact disregard its electoral promises and commitments to the
voters and pursue its own selfish agenda.
The Party below has been consistently breaking its Promises after
getting elected and pursues its own agenda for the last 13 General Elections.
This is the time to give the other party Pakatan Harapan a chance at the ballot
box to proof that they can keep and deliver the promises made in their election
manifesto for a better Malaysia for all Malaysians.
Yes this is symbol of the party
for the last 13 Malaysian General elections broke its electoral promises to the
Malaysian voters. 13 chances are enough and no need to vote them anymore
The above is the symbol of Oppression in Malaysia
Read below what the the Malaysian Voters think about Barisan Nasional the ruling governing Party
Poll Results : 95% Of 1008 People WILL NOT VOTE FOR NAJIB AND THE BN !!
Thank you to the more than 1000 people who took the Poll. Thank you very much. Someone once said here that for a Malaysian population size, we need to poll only 500 people to get a fair cross section of views. Well 1008 people took this poll (so far, there are a few hours left).
80% of you said that you will never, ever vote BN. This number has stayed constant since the first few hours of this poll, about five days ago.
5% said you will note vote at all.
(I put this as one of the answers in the poll because from talking to people, I gathered a significant number may just not vote, out of protest)
Another 10% of you said you will NOT VOTE for the BN if Najib was still PM. (The answer was the other way around, without Najib, you will vote for BN).
Only 5% of 1008 people said you will vote for BN, with or without Najib. I think the 57 people who picked this option are prepaid blogger bangangs, Moron's Media Team and such.
Effectively 95% of 1008 people WILL NOT VOTE for Najib and the BN.
These are serious numbers. They are getting worse for the BN.
This time around it does not matter if they redraw the lines (gerrymandering). Even the Rohingyas cannot help.
The only way for the BN to save itself is for them to get rid of the Moron.
The solution is so simple. Why sink the whole damn ship just to save one useless rat?
Posted by Syed Akbar Ali
Mystery killing of a Giant Rabbit on a United Airline Flight from London to Chicago
Now United's killing fluffy bunnies! Son of the world's biggest rabbit dies on United flight. Huge three foot bunny arrives in Chicago dead in 'strange' circumstances
Beleaguered United Airlines faces fresh controversy after a 'fit and healthy' giant rabbit died in the cargo hold of one of its flights. Simon, a ten-month-old 3ft continental giant rabbit, was on track to outgrow the world's biggest rabbit - his 4ft 4in dad, Darius. But Simon's devastated owner Annette Edwards (pictured with Darius) from Stoulton in Worcester claims he died in the cargo hold of a flight from Heathrow Airport to Chicago O'Hare International Airport. This comes just weeks after the besieged airline hit the headlines when a doctor was dragged off a plane by stewards at O'Hare airport - causing a PR nightmare for the airline, whose CEO was forced to issue multiple apologies.
Aramco Insiders Suggest The Company May Not Be Worth $2 Trillion
Advise is do not invest in worthless Arab countries company shares
as there is no accountability and they change laws every now and then to suit
their needs only. Investing in the Arab countries is like flushing your money
in the toilet. Only assists they have Oil and Gas and do not know how long it
is going to last and the reserves are only their figures and not independently
confirmed and they do not open their books to public. For all we know they are
already pumping more seawater than oil and more farts than petroleum gas
As Saudi Arabia's deputy crown prince, Mohammad bin Salman Al Saud, pushes his nation's Vision 2030 economic overhaul and crows of the $2 trillion Saudi Aramco valuation (ahead of its potential IPO), WSJ reports that officials at the state-owned oil company are applying internal value estimates of $1.3 to $1.5 trillion to the valuation, calling bin Salman's estimate "unrealistic and mind blowing."
Since deputy crown prince, Mohammed bin Salman, announced the stock-offering plan and his $2 trillion estimate early last year. Insiders and outsiders have questioned how he arrived at that number.
A team of about two dozen employees have been working since last year to try and figure how to take Aramco public while working with Western consultants to explore ways to restructure Aramco in order to maximize its value, say people familiar with the process. The team has determined several variables - what some call “levers” - likely to affect the price investors will pay for shares of the world’s largest oil producer, according to internal documents reviewed by The Wall Street Journal.
But, as The Wall Street Journal reports, no matter how they pull those levers, which include the price of oil and the new Saudi tax policy, Aramco’s projected value tops out at about $1.5 trillion.
One such lever was a major tax reduction (but even then, it didn't add up to bin Salman's $2 trillion guess...)
The Saudi government said last month that it is reducing Aramco’s tax rate to 50 percent from 85 percent, bringing its tax rate closer to the level of the world’s biggest oil companies such as Exxon Mobil and Royal Dutch Shell. A move which would result in higher dividends for potential shareholders, bringing Aramco’s internal value estimates to between $1.3 trillion and $1.5 trillion from about half a trillion dollars, say people involved in the process.Related: Low Oil Prices Force Abu Dhabi To Sell U.S. Assets
By selling up to 5 percent of shares in an initial public offering targeted for next year, the government plans to raise billions of dollars that it can use to invest in other industries as part of a plan to reduce its heavy dependence on oil. The valuation discrepancy raises new challenges for a deal that is already fraught with complexity and facing opposition within the ranks of the kingdom’s government bureaucracy, according to those knowledgeable of the situation.
This Could Be The Biggest Winner Of The Electric Car Boom
This small company could be one of the biggest winners of the electric car boom as tech giants and hedge funds fight over the limited supply of Cobalt.
Click here to find out more
This small company could be one of the biggest winners of the electric car boom as tech giants and hedge funds fight over the limited supply of Cobalt.
Click here to find out more
One Aramco official called the figure “unrealistic and mind blowing.”
Questions about Aramco’s valuation surfaced earlier this year when a report for potential investors prepared by oil-industry consultant Wood Mackenzie Ltd. put Aramco’s value at around $400 billion, according to a client who attended a private Wood Mackenzie briefing. Saudi government officials say Aramco’s high reserves and low costs should make the company attractive to investors.
“Our profitability is higher than others and the interest we have received so far is huge,” said a defender of the $2 trillion estimate.
Some officials inside the company and the government have privately suggested reevaluating the listing, and perhaps reducing its size or delaying it. So far, Prince Mohammed and his staff seem unlikely to do so, say people familiar with the matter.
“This IPO will happen regardless of the valuation they may receive,” according to the government official who called the $2-trillion-dollar number “mind-blowing.”
By Zerohedge.com
Can An OPEC Extension Push Oil To $60?
It now seems quite likely that OPEC will agree to an extension of November’s production cut agreement at their May meeting. The question facing analysts and market watchers is how much a cut extension will impact the market going forward, and whether it will deliver the boost in prices that OPEC is hoping for.
In November, the agreement was a boon to the price, sending WTI north of $50, only for prices to fall a few months later. The impact of the deal, which was publicized for months beforehand and enjoyed blanket coverage from all major market media outlets, was significant but temporary. Inventory reports in February caused the price to crash back down, and apart from a brief swing upwards after U.S. missile strikes in Syria, an event which had analysts crowing over the return of the risk premium, prices have slumbered near $50, far below where OPEC needs them to be.
Undoubtedly, OPEC is hoping an extension of cuts will have a more lasting effect, delivering true stability to markets and lifting prices up to $60. The level several OPEC members have indicated they want prices to rest over the long-term, in order to balance their budgets. But a string of bearish signs have pushed the price below $50, and barring another bout of “geopolitical risk,” it seems only significant changes in fundamentals will deliver the boost OPEC needs.
he impact of the first round of cuts was blunted in part due to the ramp-up in production during the fourth quarter of 2016. Huge inventories were reported in the U.S. early in 2017, though there were declines in OECD inventories according to the IEA, evidence that the OPEC and non-OPEC cuts totaling 1.8 million bpd were having some effect, despite low compliance from non-OPEC states.American inventories were expected to fall, boosting price in the short-term. Instead, unexpectedly high gasoline inventories pushed the price to its lowest point in weeks in mid-April, despite simultaneous drops in the crude supply. The decline of about 1 million barrels was less than analysts predicted.
American inventories are falling, which bode well for a price recovery if OPEC does decide to extend cuts. Yet the effect may not be immediate enough for OPEC to declare victory in June, as rising production in the fourth quarter of 2016 in OPEC and outside of OPEC in early 2017 basically obviated the cumulative effect of the cuts.
Nevertheless, plenty of analysts see bullish conditions ahead and a tighter market. Goldman Sachs and CitiGroup, among others, feel that prices will recover near $60. Goldman feels that recent declines are due to short-range factors, as fundamentals slowly shift towards tighter supply. The IEA, which has been warning of a much tighter supply situation in the years ahead as investment fails to keep up with demand, feels that inventory declines are likely in the summer despite demand falling for a second straight year. If inventories post big enough declines, the continued absence of 1.5 million bpd taken off the market early in the year could finally have the desired effect.
he IEA also predicts U.S. production growing by 680,000 bpd by the end of the year, an upgrade to initial forecasts.
Goldman’s feeling that recent drops in price are from short-term, speculative factors should give investors and analysts cause for optimism. The steep drop last week came on the back of a higher-than-expected rig count report and doubts over Russia’s possible compliance with further OPEC cuts. These could be interpreted as the emotional response of the markets, rather than a sure sign of shifting fundamentals. Five rigs were added in the most recent report, the lowest increase since February, and a possible sign that the boom in U.S. shale could be slackening.Like the week-long boost after the U.S. missile strike in Syria, the sudden dip in prices last week could be offset once inventory draws deepen. If OPEC succeeds in lengthening, or even deepening cuts, and pulls Russia on board, there’s a chance that the IEA and Goldman’s prediction of a stabilizing market and a closer balance between supply and demand by the late-summer 2017 could come true.
But there’s plenty of skepticism out there. Inventory draws will have to be deep, and compliance among OPEC and non-OPEC members strong, for the anticipated increase in U.S. production to be successfully offset.
By Gregory Brew for Oilprice.com
Tuesday, 25 April 2017
Can YOU spot the snow leopard about to kill a goat? Camouflaged big cat patiently waits to pounce on its prey in the Himalayas
The big cat was just metres from the long-horned goat, which was at ease unaware of the fate which awaited it. The endangered predator was pictured at Ladakh, the highest plateau in India. Photographer Nirali Mehta, 21, a student from Mumbai, said: 'It was a breathtaking moment for me.
Dramatic moment former England striker James Beattie rushes to rescue two children from a tiny yacht that was stranded and in danger of being crushed by a ferry
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