Philippine science backs Odette survivors’ claims in Shell case
Philippine studies like Bagtasa’s give survivors firm local evidence as they confront a global polluter.
Philippine science backs Odette survivors’ claims in Shell case
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Duterte backers, other oil firms rake in millions from overpricing amid pandemic
Duterte backers, other oil firms rake in millions from overpricing amid pandemic
It can be guesstimated that the total additional profits generated by the oil firms from overpricing gasoline and diesel is about P142.50 million a day. Of this amount, P17.10 million went to government in the form of the 12 percent value-added tax (VAT).
An insidious form of manipulation of oil prices
An insidious form of manipulation of oil prices
By BENJIE OLIVEROS
Giant oil companies, banks and investment houses have invented other blatant ways of pushing up oil prices, aside from monopoly pricing and speculative trading in oil futures.
Transport strike aims to affect the profits of the Big 3 – transport groups
Transport strike aims to affect the profits of the Big 3 – transport groups
By MARYA SALAMAT Bulatlat.com MANILA -- The impending transport strike was not discussed in the recent dialogue with President Aquino, but San Mateo said Aquino has “diplomatically” threatened them against pushing through with the strike, as the president...
Mass actions being readied for P9 oil price rollback
Mass actions being readied for P9 oil price rollback
By MARYA SALAMAT
“It is well within the capacity of the Big Three oil companies to implement a significant rollback as their profits have steadily increased in recent years. It is simply revolting for us poor people to see the Big Three’s profits soar as oil prices rise unabated while we suffer from poverty and hunger.” – KMU
Use Malacañang’s P68 Billion Pork Barrel For Oil Subsidies – Pamalakaya
Use Malacañang’s P68 Billion Pork Barrel For Oil Subsidies – Pamalakaya
Pamalakaya clarified that the re-channeling of Aquino’s audit free pork barrel is an immediate measure to provide relief to sectors affected by the oil price spike. By INA ALLECO R. SILVERIO Bulatlat.com Use the president’s pork barrel to cushion the impact of oil...
In Lifting Price Cap, Arroyo, Oil Firms Mislead Consumers
In Lifting Price Cap, Arroyo, Oil Firms Mislead Consumers
By ARNOLD PADILLA
Malacañang is threatening to reimpose an oil price control if oil companies will not follow the conditions outlined by Mrs. Arroyo. Government, however, has given up the high ground with its lifting of EO 839 and continued adherence to the discredited deregulation policy.
Arroyo’s Price Caps Further Expose ‘Greed’ of Oil Firms, Underscore Need to Repeal Oil Deregulation Law
Arroyo’s Price Caps Further Expose ‘Greed’ of Oil Firms, Underscore Need to Repeal Oil Deregulation Law
By MARYA SALAMAT
Despite its limitations, the oil-price caps have irked Big Business and their think tanks and they have been lobbying to have it lifted. Fearing EO 839 could set a dangerous precedent to its business, Shell even filed a case in court against Arroyo’s order. But consumers and critics say that if Arroyo is really sincere in protecting consumers, she should use her power to have the Oil Deregulation Law repealed.
For Oil Firms, EO 839 Is Not Just About Dip in Profits but Potential Shift Vs. Deregulation
For Oil Firms, EO 839 Is Not Just About Dip in Profits but Potential Shift Vs. Deregulation
By ARNOLD PADILLA
To a certain degree, Executive Order 839 questioned the lies long peddled by the oil companies and staunch defenders of neoliberalism about neoliberal free market economics. If left unchallenged, EO 839 could become a precedent in policy making: that the government, in the name of public good and welfare, could take decisive action against abusive corporations.
Benjie Oliveros | Pity the Oil Companies?
Benjie Oliveros | Pity the Oil Companies?
By BENJIE OLIVEROS Analysis Bulatlat.com MANILA -- When President Gloria Macapagal-Arroyo issued Executive Order No. 839 on October 23 ordering oil companies to roll back pump prices in areas affected by typhoons Ondoy and Pepeng to October 15 levels, the Big Three...
Why Consumers Should Not Rejoice Over Oil-Price Rollback Enforced by Arroyo
Why Consumers Should Not Rejoice Over Oil-Price Rollback Enforced by Arroyo
By ARNOLD PADILLA
While it is supposed to be based on the Oil Deregulation Law, the executive order mandating the recent price rollback in effect puts into question the wisdom of oil deregulation. Moreover, the oil companies have found a way to offset whatever “losses” they would incur in Luzon due to the EO: by overpricing in the Visayas and Mindanao.
As Philippines Reels from Calamity, ‘Big Three’ Hike Oil Prices; ‘Greed’ Denounced
As Philippines Reels from Calamity, ‘Big Three’ Hike Oil Prices; ‘Greed’ Denounced
By MARYA SALAMAT
While the government bears down on small businesses and producers, warning them against profiteering in the wake of typhoons Ondoy and Pepeng, it has allowed Shell, Caltex and Petron to increase oil prices at will.
Amid Overpricing by Oil Firms, Repeal of Deregulation Law Now a Must
Amid Overpricing by Oil Firms, Repeal of Deregulation Law Now a Must
By ARNOLD PADILLA
No matter how oil firms deny the allegations that they are overcharging the consumers, the widespread public perception that oil companies are abusive and profit-hungry will remain. This will be the case as long as the oil industry is deregulated and oil companies are allowed to automatically increase their prices and at the same time not compelled to publicly divulge how they compute their price adjustments.
Massive Transport Strike Set on Monday; Groups Denounce Oil Firms’ ‘Greed’
Massive Transport Strike Set on Monday; Groups Denounce Oil Firms’ ‘Greed’
Public-transport drivers and operators in several urban areas across the country – including, for the first time, Makati City – denounce the measly oil-price rollbacks by the Big Three oil companies, as well as their “manipulation” of the prices of oil and gas products, such as LPG, to the detriment of unorganized and ordinary consumers.
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