With Malaysia forced to end or at least reduce its petroleum subsidy, it is circumspect to learn from the experiences of other oil-producing countries.

There are enough lessons in the world today on how we should manage our precious God-given oil bounty. Prudently done, as in Alberta (Canada) and Norway, it would bring peace and prosperity. Anything less and it would be a curse; the new wealth would breed corruption and tear the socioeconomic fabric of society, as seen in today’s Iraq and Nigeria.