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By BENJIE OLIVEROS Bulatlat.com Oil companies increased pump prices again. This is the eighth oil price hike since the beginning of the year alone, amounting to a net increase of P6.75 ($0.16) per liter for gasoline and P6.50 ($0.15) for diesel. This would bring...
By ANNE MARXZE D. UMIL Bulatlat.com MANILA – Rhak Bihag, 23 said life is getting more difficult for urban poor families. “It’s difficult to find a job; it’s difficult to make do with a measly budget to buy food for our family. And what does the president do? He...
by: Rinaldo Brutoco and Madeleine Austin, World Business Academy Truthout The US Senate couldn't muster the votes to end $2 billion a year in taxpayer subsidies for the five biggest US oil companies. The House had already voted to block efforts to repeal tax breaks...
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...
The year 2008 saw a roller coaster ride in prices of crude oil and petroleum products. Studies point to speculation, not the law of supply and demand, as the culprit.
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