MERGED: All About OIL PRICE HIKE

[onetwothreefourfivesix]

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hoo kainit, ang kainit sa taw ang cause ngano mahal na gasolina

ang ang mao ra gud pud na armas sa mga oil cartels

1. Terrorism
2. High Oil Prices

[aztina888]

Plain and simple Supply and Demand.
More demand less Supply. as you all know Earths Natural Fuel Fossil reserve is Depleting so less na ang production and more na ang demand. better yet read this.!!!

Peak Oil: Life After the Oil Crash

prepare!!! it will be a long and painful ride. ahahahaha

[Motownkid]

Opinions need not be proven as they are your self-proclaimed ideas and beliefs. Those are peoples' opinions which are supposed to be freely shared in a democratic country like ours. Supposing I ask you about your faith, could you prove it? Could you provide me actual facts? Facts that can be felt? smelt? tasted? Their opinions are simply unproven facts and what they have only deduced basing from current issues and reality they have experienced. Opinions do have their own deceptive flaws, however, that does not constitute any directed undesirable acts and malicious behavior inside the premises. I bet this is not new to you as a forumer with 100+ posts. Else, there is no need for you to be entitled to such democracy.

OT: couldn't agree more..

remember.. attack the post, not the poster.. heheh sakto ba?

[jdimpas]

Big 3 blamed for high oil prices

Top oil companies are partly to blame for high fuel prices by padding the price of oil that that their parents sell them and via speculation in the world oil market, private think tank IBON Foundation said.

In a statement, the group said the monopoly of transnational oil firms abroad allow these to inflate prices.

It noted that while the Big Three in the Philippines claim losses due to underrecoveries, their parents abroad continue to post billions of dollars in record profits.

It said Royal Dutch Shell, the mother company of Pilipinas Shell Petroleum Corp., posted a net profit of $27.6 billion in 2007, making it the second most profitable company in the world next to oil giant Exxon Mobil. That year, Pilipinas Shell posted profits worth P4.12 billion.

Meanwhile, Chevron Corp., mother unit of Chevron Philippines, posted a net profit of $18.7 billion in 2007, 9% higher than a year earlier, making it the eighth most profitable company in the world. Its local unit posted P2.75 billion in profits.

Meanwhile, IBON said that Petron’s former partner, Saudi Aramco, posted profits of around $15 million in 2007. Petron earlier posted a 31% dip in net income to P658 million in the first quarter.

"[Petron’s] net income has been progressively increasing in the last three years, posting P5.76 billion in 2006 and P3.42 billion in 2005," IBON said. Aramco, unlike Shell and Chevron, is an unlisted company that is not obliged to report its financials, but its profits in 2007 were likely about $15 billion," IBON said.

But local officials of the Big Three bucked the charges. An Petron official said the company did not get special treatment from Saudi Aramco. "We still buy at international prices like other oil firms. What we only ask from Saudi Aramco as guarantee is an assurance of continuous supply as a partner," said the official who asked not to be named.

The relationship between Saudi Aramco and Petron, he added, is purely commercial.

Meanwhile, in an e-mail to BusinessWorld, Pilipinas Shell Country Chairman Edgar O. Chua confirmed the profits made by Royal Dutch Shell, but noted that most of the profits had been reinvested in the business.

For his part, Chevron Philippines Spokesman Mark Quebral said the local unit did make more than P2.75 billion in profits last year, but the money was used to upgrade depots, terminals and other facilities.

IBON accused the Big Three of padding oil prices, with their parent firms allegedly increasing the price of oil that these sell to subsidiaries to shift profits to the mother corporations.

The think tank also transnational oil firms can transfer prices because of their vast control of the different stages of oil production and distribution. About 90% of oil in the market passes through the big oil firms, it said.

"Domestic profits do not even genuinely reflect the oil monopolies’ overall profits because the transnational oil firms’ local subsidiaries are merely booking their profits abroad through the deceitful practice of transfer pricing to deflect criticisms of their massive windfall profits," IBON said.

The Big Three are clearly still making billions of pesos in profits, and any claim of so-called underrecoveries does not mean that they are taking any losses, it added.

But Pilipinas Shell’s Mr. Chua denied charges of transfer pricing. "The accusation of transfer pricing is not true or correct since the oil market is one of the most transparent market in terms of price," he said.

He added that absolute profits should not be the sole basis of a company’s profitability. "One should not look at absolute profit but should always relate that to the amount of capital that is required to generate it."

He also said the company is putting its money in upgrading facilities to comply with stricter requirements on clean fuel

[Elschulzoo]

sos, DEMAND and SUPLLY(more demand less supply=high oil price) ra na oi.tan-awa ang EU prepare na kaayo sila diri karon about ma happen sa oil shortage.naa na sila preparation about ana na problems.ang ila gi target ang individuals unsaon pag consume ug energy and unsaon pag tipid sa oil demand.sa mga TV ads na ila giadvertise sa internet,sa billboard sa daplin sa road and highways.diha sa Pinas? wa gani kabawo nang mga jeeney drivers unsaon pagtipid sa gasolina.bisan stop cge ra gihapon tunob sa gasolinador pakusog gawas sa aso.wa sila kabawo nga kas na sa gasolina ug maka pollute sa environment.imagine pila ka Jeepneys sa cebu mag ingon ana every minute pila ka liters sa gasolina mausik??

[cosplay]

@aztina888
Nice article. Demand does play an important role in the market of oil. The issue however is the scarcity that comes after it. This is when prices go up. ^

[Elschulzoo]

if mahal na jud kaayo ang gasolina if muabot na ug 200 pesos per liter then mapugos man jud ang mga tawo ug BIKE.so bike ra ang sulotion ana.musakay nalang ug jeepney or taxi or mag gamit ug car if importante na jud kaayo.

[Vince Russo]

For Cosplay: Ah, ok.. Now I understand. I'll rephrase what I posted earlier. In my OPINION, the postings of you, Godsaint, Demonociety and RLU indicate a serious lack of research skills on your part. It is my opinion, as is my right in a democratic society like yours, that your research skills would not enable you to get through a debate with a group of high school students. Why? Because (in my opinion), you don't really have any idea what you are talking about. You hide behind your lack of knowledge on the subject or topic with weak attempts at humor, patronizing comments to your "bros" and feigned uberintelligence. Did you even bother trying to find an answer to the question posed? Since that's my opinion, I don't have to support it with fact.. So, who's responsible for the high cost of oil?

[aztina888]

^^ahahaha vince sad to say there are hunderds of like that here in istorya. hehehe
you got funny stuff there ahahaha. they just dont know what their talkin about. hehehe

[cosplay]

@Vince Russo

We never attempted to find THE RIGHT ANSWER as our answers are purely opinion based and does not need to be correct and accurate. We just simply answered the thread question. We may not have the CORRECT answer but we ANSWERED it, while all you did was whine about your unfathomably profound intelligence, discriminating posts, criticizing sarcastically, and pointing out that you and only you are our profound source of infinite and indescribable knowledge.