Tags: Oil deregulation law

By IBON Foundation Global oil prices are reaching record highs not because of unmanageable factors. In reality, giant transnational oil corporations that exert monopoly control over the global oil industry have the capacity to bring down oil prices. Super companies like Exxon Mobil (US), Chevron Texaco (US), Royal Dutch Shell (Britain-Netherlands), British Petroleum (Britain), Total…

The call to nationalize not only aims to protect the downstream oil sector. It also helps stem the tide of deregulation, liberalization and privatization of related economic sectors like transportation. By DANILO ARAÑA ARAO Bulatlat.com Deregulated land transportation fares, anyone? The deregulation of the downstream oil industry will not only result in continued increase in…