The militant Pagkakaisa ng mga Samahan ng mga Tsuper at Operators Nationwide (Piston or Unity of Drivers and Operators’ Associations Nationwide) said that the government should go after what it described as “legal looters” of motorists’ money – the giant oil companies. BY NOEL SALES BARCELONA Bulatlat The militant Pagkakaisa ng mga Samahan ng mga…
Tags: OPH
Cebuanos Unite vs Oil Price Hikes
Last Thursday, Aug, 21, 500 Cebuanos marched to the Department of Energy (DoE) Visayas Field Office to denounce the rampant increase in oil price since Republic Act No. 8479 or the Downstream Oil Industry Deregulation Law, which took effect in July 1998. In a press conference at the Visayas Community Hospital early last week, the…
Bleeding the People Dry
Bleeding the People Dry
Global Oil Giants, Local Big 3 Profiting from Speculation
World oil prices are bloated by speculation in oil markets, and local firms Petron, Shell, and Chevron Philippines which are domestic agents of the global oil monopolies are passing on this overpricing to consumers. This has resulted in record oil industry profits at the expense of hyper-inflation. BY IBON FOUNDATION Posted by (Bulatlat.com) Vol. VIII,…