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POSTS FOR "Petron"
Cavite oil spill a repeat of Guimaras spill 7 years ago – environmentalists

Cavite oil spill a repeat of Guimaras spill 7 years ago – environmentalists

“A study published in the IAMURE International Journal on Marine Ecology estimated that the damage to the affected ecosystems and the fisheries sector may last for up to two generations. Petron is claiming the situation in Cavite is under control, but coral reefs have reportedly been smothered by oil sludge, and reported fish and shellfish kills mean the oil slick has also affected the functions of marine species.” – Kalikasan PNE

Read also: Petron should fast track clean up, pay compensation for oil spill – fisherfolk group

Progressive transport groups slam ‘collusion’ between Big Three oil companies and President Aquino

Progressive transport groups slam ‘collusion’ between Big Three oil companies and President Aquino

“It’s as if the oil companies just took a break (from hiking prices) in the run-up to the elections to give the Malacañang candidates a chance to prettify themselves, especially since Noynoy was personally campaigning for the administration slate.” – Piston

Oil price hikes continue to erode income of drivers

Oil price hikes continue to erode income of drivers

By MARYA SALAMAT
Comparing the local oil prices to that in other countries in the past years, Piston said the local pump prices have risen far more than the amount necessitated by price movements abroad and the peso-dollar exchange rate. The transport group continues to accuse the oil companies of overpricing oil products by “an average at least of P7.50 ($0.17) per liter.”

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say that if Arroyo is really sincere in protecting consumers, she should use her power to have the Oil Deregulation Law repealed.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.

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.

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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