Price Set At What? China and Japan About To Go At It!
- From: "Rose Melinis" <rosemelinis@xxxxxxxxx>
- Date: Sun, 11 Sep 2005 23:35:46 GMT
There is a movement for regulation of energy supplies again in the
Philippines. I wonder what price they would set as the price of oil at,
possibly $35.00USA per barrel? I am sure that Chevron and Sunnoco and others
would rush to supply diesel and gasoline at those prices.
To top it off China, that wonderful country that many in the Philippines are
now fawning over, has chosen to deploy a number of warships into the East
China Sea where it is expected that they (China) will start extracting
natural gas. The area is claimed by both China and Japan. This is
interesting stuff. China wants to invade Taiwan, they are deploying warships
which threaten not only Taiwan but also Okinawa and the Ryukyu Islands
directly. I expect that within two to three years China will flex it's
muscles much farther, to take up the weak states of Laos and Cambodia, and
threaten Vietnam (which they already have had conflicts with in recent
history) and the Philippines.
But, back to the lovable wackos of the Philippines and their ill-conceived
plans.
>From our friends at the SunStar:
Monday, September 12, 2005
Repeal of oil deregulation law may cause greater harm
REPEALING the oil deregulation law can greatly help suppress the soaring
price of oil but this could be a reason for suppliers to stop supplying the
country with fuel, said Davao Councilor Jess Zozobrado.
"What would happen if we will not be able to get oil supplies from other
countries? This is an issue, which cannot be debated or decided upon by the
local government because it's the congress who should decide on this", said
Zozobrado in a weekly media forum Sunday.
Zozobrado added that during the forum held at the City Council last Friday,
the Transport of Southern Mindanao for Solidarity, Independence and
Nationalism (Transmision) did not protest against the impending fare hike on
September 14 but they expressed the need to repeal or cancel the oil
deregulation law.
He added that the Southern Mindanao Diversified Drivers and Operators
Cooperative (Semdocc) on the other hand wanted the fare hike for them to
catch up with the rising cost of fuel.
Zozobrado said that commuters would be paying P7 for the first four
kilometers and P1.25 for every succeeding kilometer in the latest fare hike.
(RCB)
.
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