The Arroyo government is saying that it could not be blamed for the price spikes because the problem is international in nature. That is only half the truth. BY BENJIE OLIVEROS ANALYSIS Bulatlat Vol. VIII, No. 14, May 11-17, 2008 The Filipino people have barely been able to breathe after the shock of the P1…
Tags: Organization of Petroleum Exporting Countries (OPEC)
Oil Squeeze
BY BENJIE OLIVEROS Bulatlat.com The country is again facing the prospect of oil price spikes. Why? Can nothing be done about it? The country, and the world, are again being threatened with the probability of run-away increases in the prices of oil, gas, and its derivatives. New York’s main contract, light sweet crude for June…
No reason to hike oil prices: Oil Products Overpriced by P0.16/Liter
There is no basis in the plan of oil firms to again hike the prices of their petroleum products in spite of the uptrend in world oil prices. Oil companies in the country have overpriced their products by around 16 centavos per liter from January to May this year. By IBON Foundation Bulatlat.com There is…