Oil price re-regulation? Look here…

I attended the senate hearing on oil prices last week and was severely disappointed by the spineless stance of energy secretary Angelo Reyes and the ambitious Senator Mar Roxas. Just look at the data from the energy department itself and you’d see that oil company margins are either stable or diminishing. Click this for the presentation from the department of energy

And here is the explanation of Ciel Habito on the movement of world oil prices.

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In our next post, we discuss why we think the three bills of Bayan Muna Rep. Teddy Casiño are appropriate, that is if we are lost in Dr. Joey Magpantay’s Filipino Time Machine.

On this day..

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