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Cheap oil and other commodities: The bright and dark sides

September 9, 2015

Crossroads (Toward Philippine Economic and Social Progress) by Gerardo P. Sicat (The Philippine Star) September 9, 2015   The price of a barrel of crude oil had recently dropped to as low as $38, but is currently at $45. The prospects are they would remain at this relatively low level for some time. Recall that […]


Categories: Gerardo Sicat / oil / Opinion


Solar and falling oil prices

December 15, 2014

DEMAND AND SUPPLY By Boo Chanco (The Philippine Star) December 12, 2014   SAN FRANCISCO – The strategy of the oil shieks is simple enough. It is pretty much the same strategy used by monopolists to kill competition. Let prices fall so much as to make it uneconomical for competition to continue doing business. The […]


Categories: Boo Chanco / oil / Opinion


International factors affecting economic performance this year

January 18, 2012

Crossroads (Toward Philippine Economic and Social Progress) by Gerardo P. Sicat (The Philippine Star) January 18, 2012 The thing certain with international factors affecting this year’s economic performance is that they are uncertain. Hence, we expect, as in the past, economic volatility. Economic and business expectations definitely have to factor in these uncertain events to […]


Categories: FDI / Gerardo Sicat / IMF / oil / Opinion

Oil Firms Hike Gasoline Price by 70¢/liter | THE PHILIPPINE STAR NEWS HEADLINES

April 20, 2011

Oil firms hike gasoline price by 70¢/liter The Philippine Star News Headlines By Donnabelle Gatdula (The Philippine Star) Updated April 20, 2011 12:00 AM MANILA, Philippines – As expected, oil companies have raised anew their pump prices due to the continuing rise in international oil prices. Shell, Chevron and Total announced that they increased the […]


Categories: Media Mileage / News / oil

BUSINESS – Economists warn against ‘populist ,measures’ vs high cost of fuel

April 19, 2011

By Doris Dumlao Philippine Daily Inquirer First Posted 14:10:00 04/19/2011 Filed Under: Oil & Gas – Downstream activities, Consumer Issues, Economy and Business and Finance MANILA, Philippines? A group of top Filipino economists has warned against the use of populist measures like the repeal of the value added tax on oil products, restoration of oil […]


Categories: FEF Press Release / Media Mileage / News / oil

Economists oppose ‘populist’ measures vs high oil prices

April 19, 2011 Posted at 04/19/2011 6:57 PM | Updated as of 04/20/2011 12:07 PM MANILA, Philippines – The country’s top economists have cautioned the government against using “populist” measures in combating high oil prices, saying these could lead to a shortage in fuel supply. The Foundation for Economic Freedom (FEF) expressed support for temporary subsidies to […]


Categories: FEF Press Release / Media Mileage / News / oil

FEF Backs effort of the Department of Energy to resist calls for oil price controls

April 18, 2011

FOUNDATION FOR ECONOMIC FREEDOM’S STATEMENT OF SUPPORT TO THE DEPARTMENT OF ENERGY   WE, the Foundation for Economic Freedom, stand by the principle that markets that work efficiently serve the best interest of consumers. We disagree with the populist  view that firms should sell products at historical acquisition cost as this is contrary to best […]


Categories: DOE / FEF Press Release / News / oil