Bukom is storage of cruel oil from tanker, in its raw form, it
is the most cheap and most dirty, Or lu lu, very black. Singapore
has position herself as the refineries centre for oil producer
countries, when you see those chimneys high on top buring with fire
at Jurong island and bukom, these are waste fumes to be discharge
during the process of refinery, what burn at bukom is not a
big lost, just like the wasted fumes.
Oil got lots of by products, meaning beside producing diesel,
petrol of different grade, its left over, can also be use to
product soap, PVC, lubricant, comestic, etc etc,...so once it goes
up, many things follow suit.
Oil prices is said to peg to the demand, if the economy is down,
usually it goes down due to lower demand, less function in
companies, less deliverty, less shipping and so on, it will go up
when economy is up, that is the usual price fluctuation, unless the
OPEC cartel decide to reduce the oil production.
