Previously, I have written a post here asking why Singapore electricity is following the price of oil. I think I know why. I have read some reports somewhere that the price of natural gas is actually pegged to the price of oil! That is why as the oil price rises, electricity bills goes up too, even though we're 80% on natural gas. I've also read that most of the alternate bio-fuel, like palm oil, is also pegged to the oil price.
*shrug*. So much for alternative energy.
Go go solar energy.
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