• Property

Nope, not talking about the removal of subsidy for RON95. Of course that would push prices up lah. However, there’s this news that the global demand for oil is slowing down. Nope, I seriously do not believe this lower demand for oil is caused by Electric Vehicles (EVs). Not yet anyway until the sale of TVs surpass the world’s total number of internal combustion engine cars. As of now, the percentage is still very low except for probably China. China still needs huge imports of oil for all its industries yeah, so the demand will not go down simply because they have more EVs.