Blog: Tony Fernandes : Ringgit to strengthen as crude oil prices soar

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5 comment(s). Last comment by Finalburst 2019-09-17 23:25

chinaman

3,219 posts

Posted by chinaman > 2019-09-16 15:09 |

Post removed.Why?

Unfair

515 posts

Posted by Unfair > 2019-09-16 15:32 | Report Abuse

75% 2019 gone why 15% unhedged oil is good?

teoct

480 posts

Posted by teoct > 2019-09-16 15:42 | Report Abuse

Tony, it would be good that you read this and reflect before saying oil is a dying commodity: https://criticalspectator.com/environment/nobody-gives-a-damn-about-climate.

Yes Ringgit has more or less de-coupled from oil price if one bother to research on it. Malaysia has a deeper secular problems that causes the Ringgit to depreciate, please refer my earlier article: https://klse.i3investor.com/blogs/teoct_blog/165332.jsp

Electric vehicles are like Concorde, expensive and toys for the rich. When it become mainstream than maybe, maybe it is the end of oil.

Happy investing.

probability

14,402 posts

Posted by probability > 2019-09-16 23:14 | Report Abuse

tony panic airasia price will dip on tuesday...

Finalburst

8 posts

Posted by Finalburst > 2019-09-17 23:25 | Report Abuse

Malaysia has been a net crude oil importer since 2014. https://www.thestar.com.my/business/business-news/2015/01/21/clearing-the-air-treasury-sec-gen-malaysia-net-importer-of-crude-oil-petroleum-products-since-2014

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