mascamel
Join Date: Mar 2008
Location: UAE
Age: 45
Posts: 6
Malaysia's squandered oil wealth
Read this some months ago...truly thought it was nonsence; then dad in law's financial adviser said that there was more to it. So spent the last 2 moons chasing some leads with ex College friends working in FRA and ZRH........something scary came out; investment bankers over in Europe reveal quietly that such a barter deal DID happen. They reckoned Malaysia was temporarily better because of the deal.....HOWEVER NO ONE FORSEE oil going to USD 150-200 per barrel in 10 years! So can we blame the old mamak for this squandered wealth????? He was probably trying his best then, but then again was he really?