MERGED: All About OIL PRICE HIKE

[giddyboy]

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i think dili nato ma blame ang oil price hike sa government, if you try to check this is a world problem, tanan nasod naka encounter ani na problem, top news of 2007 ang sobra ka taas nga price sa oil sa USA

hahay. any immediate rollback is next to impossible na...yesterday's world oil price hit $100 a barrel before settling at $99...faet!!!

[baby_grace]

Haay, oo nga. Umabot na sa $100 per barrel ang oil price kahapon. Ang taas na talaga. Mabuti na lang at na-o-off set ito kahit paano ng strong Peso. Kahit paano ay hindi ganoon kamahal ang bayad natin sa binibili nating langis. Tsk tsk. Pero hindi nga natin ito masisisi sa gobyerno. Kahit anong gawing pagregulate o pagderegulate sa oil industry ay hindi pa rin natin macocontrol ito.

[dtex]

peeps its like this. if you dont like once oil price then dont buy at all. thats y deregulated ta.

[ajol]

peeps its like this. if you dont like once oil price then dont buy at all. thats y deregulated ta.

Its not a question that we are deregulated....

Its a question of MANIPULATION....

[giddyboy]

Its not a question that we are deregulated....

Its a question of MANIPULATION....

and monopoly and oligopoly...

they are so powerful and cunning that it seems we are on our knees to them.

[dong roel]

sa saudi arabia, ang presyo diri since 1998 nag 60 cents nisaka 90 cents then ninaog na sad ug 45/60 cents a liter in peso equivalent around 5 pesos a liter. presyo diri steady ra dihang dapita wa jud pag usab nibarato pa hinoon. so it's all manipulation/monopoly business outside sa source sa oil.

[giddyboy]

Malacanang's reaction to this record high oil price is to suggest to the legislature to lessen the importation tax of petroleum to cushion any fuel price increase...i read it from a newspaper yesterday but i just can't remember the name...

other news: Sun.Star today 1/6/08

"Oil prices eased Thursday after soaring to touch a record high of $100 per barrel overnight on escalating violence in Nigeria, Africa's leading oil producer, a weaker US dollar and a view that global demand for oil will outstrip supplies."

[gareb]

Its not a question that we are deregulated....

Its a question of MANIPULATION....

deregulation IS manipulation. by the oil companies, that is.

when we say 'deregulated' we mean that the government no longer holds any control of the price, or the amount of supply that is bought from the world market. the control now lies on the hands of the local players, among of which the 'big three' Petron, Shell, and Caltex have the strongest power.

as it appears, the on-going price surge in the world markets provides the perfect cover for the 'big three' to jack up prices well beyond the actual price hike. this is the time to be vigilant.

[giddyboy]

deregulation IS manipulation. by the oil companies, that is.

when we say 'deregulated' we mean that the government no longer holds any control of the price, or the amount of supply that is bought from the world market. the control now lies on the hands of the local players, among of which the 'big three' Petron, Shell, and Caltex have the strongest power.

as it appears, the on-going price surge in the world markets provides the perfect cover for the 'big three' to jack up prices well beyond the actual price hike. this is the time to be vigilant.

circumstances may have made it that way.

the oil deregulation law means that the gov't is no longer in control of the prices and it intends to let the law of supply and demand prevail under free trade agreements and at the same time create influx of new competition (which up to now did not materialize significantly) all in order to attain competitive & reasonable fuel prices...but while considering also some protection to our sovereign interests.

the problem with this law is that it has full of loopholes that the big 3 oil players found to their very advantage...mao na.

it could be that this worrying state of our deregulated system is left unchecked or uncorrected (or made it flawed that way in the first place) coz maybe some current or former(but w/c still holds political clout) top govt officials are in cahoots w/ the oil players. that is the reason why some party-list groups are beginning to suspect therefore now they moved to make some actions on that existing law...

so yes, it is time to be vigilant...

[gareb]

the 'law of supply and demand under the auspices of the corporate sector', you mean, as i haven't exactly seen any circumstance that had the government 'protecting to our sovereign interests.'

the aim of the oil deregulation law was to liberalize the oil industry so that more players can come in, iducing lower prices as a result of competition. the law has proven to be a spectacular failure as a mechanism to achieving lower prices, and has instead allowed greater corporate hold on the industry by making it immune to government control, as how every Energy Secretary from the time the law was enacted raises his hands in surrender over the issue of petroleum price controls, citing the oil deregulation law.

it's another issue where corporate interest's drive for higher profit margins buries its heels on public interest.