Why cant government reduce oil price at pump?

Recently, the price of oil price at pump in Malaysia has been a hot topic. But it seems like many Malaysians do not know the real reason why cant the government reduce the oil price at pump to RM1.44 which is the reasonable price.

Just look at the petrol stations in your neighbourhood - who are the owners? The petrol station business in our nation is actually monopolised by Umno. Started from 80s, Umno warlords thought that petrol business is a risk-free business, and since then all new petrol station licenses were issued to all the cronies. Heck, even Ahmaid Ismail owns a petrol station.

As in other businesses, these cronies are fighting with each other for these licenses so sometimes you can see there are 3-4 petrol stations in just a small area. Hence, there are actually a number of them who went bankcrupt because of too competitive environment. Remember that all their businesses were financed by loans from government, so who actually went down? Go figure out yourself.

Anyway... during the steep price increase, these cronies made billions out of it. They stockpiled or ordered huge quantity of oil just before of the increase. But being smartasses, they thought that oil price would go up continually, which of course came back down as we know it.

And because some of them, who were so greedy that went on to order more especially the bigfishes with deep pocket, it's a nightmare for them to see the oil price dropped from $147 to $50.

But remember, the price they ordered was below RM1.90 before the increase. Actually they will never incur any losses. They just didnt make so much money as predicted. So you see now why Sharir once said RM1.90 is the minimum price for our oil?

You see, the main problem with all these cronies are that, they think that there is actually free lunch under the sun. Millions and millions without working for it. But the funny thing is, in Bolehland, sometimes there is actually free lunch!

But we know that all the men who are spoonfed all the time will lose the competitiveness, will become weak, will become lazy, will become greedy and asking for more and more. One day, when government can no longer afford to give out these freebies, these people will become so weak that they will never be able to compete with others. That will be the time when hell breaks loose.

That time is not that far away because in globalised world, eventually they will have to face the reality.

The only thing that I am worried is, will they blame this person and that person when the freebies are taken away? Somehow, blaming and pointing fingers are what they are good at. Blame everyone else but themselves.

See what I mean?