No fuel hike immediately - Fowzie

Minister of Petroleum and Petroleum Resources Development A.H.M. Fowzie said fuel prices will not be increased immediatley but the Ministry will use hedging and other market tools to keep prices stable. He was addressing a meeting in connection with the profits of over US$ 5.4 million made by the Ceylon Petroleum Corporation (CPC) last month by oil hedging.


Minister A.H.M. Fowzie

The Minister said the country has gained over US$ 10 million from six oil hedgings that commenced early last year and that the money was used to reduce CPC losses and maintain price stability.

“The Ministry has taken steps to minimise waste and curtail malpractices in the CPC and increase profits. The Sapugaskanda oil refinery will be upgraded with assistance from Iran”, he said.

Fowzie said that it will not be a surprise if fuel prices hit US$ 175 per barrel this year and that many countries are resorting to oil hedging to reduce losses. Despite the gains by oil hedging the CPC has incurred a loss of Rs. 7,815 million this year.

The Ministry will commence marketing lube oil, gas and bunker fuel this year. Tenders have been called for 40,000 gas cylinders and with the requisite number of cylinders the CPC will market gas at a cheaper rate.

“Tenders have been called for oil exploration in Mannar and the company that gives the highest returns will be offered the contract”, the Minister said.

He said that he will present a framework on sharing losses by member countries at the OPEC conference to be held in Italy. The conference will be on the dialogue between the producer and consumer.

“Stability of oil prices is essential for democracy to survive. If oil prices continue to rise causing a burden to countries people will rise against governments and help to set up dictatorship regimes”, he said.

CPC Chairman, Asantha de Mel said the CPC opted for the lowest hedging so that the risk will be less if fuel prices drop in the global market.

Oil hedging is a dangerous game and it is not rewarding, he said.

The CPC commenced oil hedging with the Citi Bank, a leading provider of hedging solutions to manage high oil prices.

Now this is some drink !

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Rowan Atkinson LIVE - A Warm Welcome

Clip courtesy..... DeoxySynchro89 and gsdesigne.....


If you had watched Mr.Bean before and haven't watched this video yet. Well, it's not too late to do so.

This is a "Live" performance by Rowan Atkinson, just before he started his career and came to be known as Mr.Bean.

The first clip takes place in a HELL. And the master is, well you-know-who. There aren't many action involved except the speech by the devil itself.

An extraordinarily brilliant piece..... worth watching....


Now since he had a go there....it wouldn;t be fair to leave the "holey one" out... would it ??

So this is the other piece...





Clip courtesy..... aibo.....


Bloody hell [pun intended]....why don't you guys shut up and enjoy this... or the guy above [appears that they have changed places, just for the show].....

It just is not like the holey-one [pun intended, forgiven !] to go first....

Please for "you know whose" sake, this is good humor and please don't turn this in to religious debate......

Just enjoy the comedy.....

Lastly, apart from Mr. Rowan Atkinson, any reference to any living person is purely co-incidential....

Good morning, Lanka

Sri Lanka, formerly known as Ceylon, is also famous for its lush tea plantations, (think about an English Breakfast at a five star hotel), Dutch forts and untouched tropical beaches.

Mystically tucked beneath the southern tip of India, the tropical island of Sri Lanka is one of the most popular holiday destinations in Asia.

Lying between the Bay of Bengal and the Arabian Sea, 'The Pearl of the Indian Ocean' packs everything from sandy beaches to lofty mountains, a geographical diversity that most other destinations can only dream of.

Founded on over 2500 years of rich cultural heritage, the island offers the chance to experience the splendor of a bygone era. From sprawling irrigation tanks to magnificent dagobas, Sri Lanka has enough ancient sites to excite even the most jaded of archaeologists.

Yes, there may be a civil war going on, but who cares……the tourists still flock despite the travel warnings about visiting the country. A day after you arrive, an explosion may go off and there may be roadblocks everywhere…but, it's still reasonably safe for visitors.

For those who know South Africa, Sri Lanka reminds you of a mixture of the KwaZulu Natal North Coast, plus Umhlanga and more like Tongaat and Stanger.

Basically, it's bustling, busy, hot and humid.

The tourist industry has suffered as a result of the violence and the tsunami three years ago, but it still lures adventurous holidaymakers and those who prefer an un-packaged destination And, believe it or not, it is one of the more peaceful places, though it’s classified as violent and it sounds almost mystical, but there is something about Sri Lanka that do touch a few rather deep, that they stay on.

They say Sri Lanka is a gentler, kinder version of India. But, this itself is enough of an assault on the senses. There's not much prettiness around. But there are similarities and despite it all, it is all rather charming in a faded colonial sort of way. And for an Indian he is totally at home.

For the westerner, the restaurants appear friendly; the prices are dirt cheap and the fare surprisingly delicious.

There's little to do at night for those who are not night-clubbers, so you can head for bed early and wake up to a slap-up English breakfast waiting for me with a cup of the finest Ceylon tea, bacon and eggs, a basket of toast and a platter of freshly cut fruit.

What a way to start the day.

Good morning, Lanka !!!!

A holiday in Sri Lanka is not simply a vacation, but an experience that will change the way you look at Asia itself.

Thought for tomorrow

Never argue with Idiots. They will bring you down to their level and beat you with experience

Vodka And Sermon !

A new priest at his first mass was so nervous that he could hardly speak. After mass, he asked the monsignor how he had done.The monsignor replied, " When I am worried about getting nervous on the pulpit, I put a glass of vodka next to the water glass. If I start to get nervous, I take a sip."

So next Sunday he took the monsignor's advice.

At the beginning of the sermon, he got nervous and took a drink.

He proceeded to talk up a storm.

Upon his return to his office after the mass, he found the following note on the door:

1) Sip the vodka, don't gulp.

2) There are 10 commandments, not 12.

3) There are 12 disciples, not 10.

4) Jesus was consecrated, not constipated.

5) Jacob wagered his donkey, he did not bet his ass

6) We do not refer to Jesus Christ as the late J.C.

7) The Father, Son, and Holy Ghost are not referred to as Daddy, Junior and the spook.

8) David slew Goliath, he did not kick the $$=+ out of him.

9) When David was hit by a rock and was knocked off his donkey, don't say he was stoned off his ass.

10)We do not refer to the cross as the "Big T."

11)What Jesus said at the last supper was "take this bread and eat it for it's my body." He did not say.. Eat me

12)The Virgin Mary is not called " Mary with the Cherry,.

13)The recommended grace before a meal is not: Rub-A-Dub-Dub thanks for the grub, Yeah God.

14)Next Sunday there will be a taffy pulling contest at St.Peter's not a peter pulling contest at St. Taffy's....

Thought for tomorrow

A Little girl and her father were crossing a bridge. The father was kind of scared so he asked his little daughter to hold her hand so that she wouldn't fall into the river.

The little girl, however, in return, asked the father to hold her hand.

"What's the difference?" asked the puzzled father.

"There's a big difference," replied the little girl. "If I hold your hand and something happens to me, chances are that I may let your hand go. But if you hold my hand, I know for sure that no matter what happens, you will never let my hand go."

In any relationship, the essence of trust is not in its bind, but in its bond.

So hold the hand of the person who loves you rather than expecting them to hold yours...

This message although short, carries a lot of feelings.

Opening For A Gynecologist's Assistant

A young man goes into the Job Centre in Jacksonville, Florida , and sees a card advertising for a Gynecologist's Assistant.

Interested he goes to learn more - 'Can you give me some more details about this?' he asks the guy behind the desk.

The Job Centre man sorts through his files & replies - 'Oh yes here it is: The job entails you getting the lady patients ready for the gynecologist.
You have to help them out of their underwear, lie them down and carefully wash their genital regions.

You then apply shaving foam and gently shave off all their pubic hair then rub in soothing oils so that they're ready for the gynecologist's examination. There's an annual salary of $45,000, but you're going to have to go to Oxford, Mississippi.

That's about 620 miles fom here.'

'Oh why, is that where the job's is located?'

'No sir - that's where the end of the applicants line is!'