Since it’s TOTALLY INUTILE against oil and power firms and costs, the Department of Energy (DOE) had better be ABOLISHED!
Instead of continuously receiving huge budgets and other monies from our taxes, the DOE had just better close shop and FORMALIZE its being the DEFENDER of oil price and power rate increases.
That’s what it does, anyway. Justify the increases with every possible reason they can find. They think we’re IDIOTS and SUCKERS who will IMMEDIATELY SWALLOW anything they say, even if it borders on STUPIDITY.
Just last Wednesday, the DOE again turned Nostradamus by warning that oil price could FURTHER RISE. INSTEAD of leading efforts to pressure oil firms to justify their price hikes.
The DOE cited conflicts in oil producing countries increased consumption of fuel in China, improvement in the US economy and fuel demand uncertainties for rehabilitation efforts in Japan as among the factors that could raise prices.
I’m not an oil-industry guy but I will dare say BULLSHIT to all these.
What has increased consumption in China got to do with oil prices here in our country? WE DON’T BUY our oil from China. Our own consumption has not skyrocketed. There is no oil shortage.
We don’t buy our oil from Japan either. Our oil supplies are not taken from whatever allocation or quota it has from oil-producing countries. Neither are we involved in Japan’s rehab efforts.
If the US economy is improving, it’s their economy, not ours! It’s them who will require more oil, not us. So if oil prices must go up. It should only be for them, NOT US.
Prices have been rising almost weekly. But oil firms DON’T BUY THEIR STOCKS WEEKLY.
The oil firms HAVE NOT DISCLOSED any MORALLY-CONVINCING justification to raise prices weekly. And the DOE HAS NOT SHOWN any serious effort to find out either.
The DOE even GLADLY ECHOES the justification of the oil firms, rising prices in the world market. Even if it’s supposed to be for the people, and sky-high oil prices are pushing us DEEPER AND DEEPER INTO POVERTY.
Why should we continue SQUANDERING our taxes for the continued DEFENSE of the DOE of the oil companies?
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NENG PLATON of Seoul, South Korea
Of korz maraming may retaineers fee jan..Dept of Energy, mga Senator , marami nakikinabang dahil kontrol nila presyo ng langis
RAUL VALENZUELA of Manila
Under the table or handling fee.
DELI FRANCE
Kaya nga pinag-aagawan ang post na DOE secretary.
ENRIQUE REYES OF RIYADH, SAUDI ARABIA
Open secret yan.
DATU KAYUMANGGI
Hindi imposible iyan, sir.
EDGAR BUENAVENTURA of Tuguegarao City, Cagayan commissions oil
Of course, we’re not born yesterday, bro.
VENCEREMUS PATRIA of Baguio City
Sussss naman Kaya nga ayaw nila ng oil regulation eh... 30
Conflicts in oil producing countries resulted to reduction of supply from those countries. Libya for example exports less than half of the usual amount and the war continues to rage. Increased consumption in China affects global demand and the same with Japan which imports nearly all of its oil consumption which is a lot. After the nuclear accident, there will be a bigger demand for fossil fuel. The US is big consumer of oil and it imports more than half of its oil thus an increase in their consumption would affect the global demand. We saw this when the US had a recession the price of oil dropped dramatically. We do not import oil from China and Japan because these countries import a lot themselves. US law does not allow export of oil. We import oil from American companies who source the oil from other countries.
ReplyDeleteThe last time the DOE was abolished, it resulted in 12 hour daily brownouts. This resulted to companies like Adidas, Mattel and many others to close shop and relocate to other countries. This event was anticipated by big business who cornered the supply of generators. NPC was allowed to buy expensive generators without bidding because there was already a power crisis. This resulted to more expensive cost of electricity when power was restored which resulted to additional companies moving out of the Philippines because our electricity cost became the highest in the region.
I am not defending the DOE, they should do their job well. Let us learn from lessons in the past so we would not repeat past mistakes. If we were to close the DOE and we will implement an oil regulation, which office would you suggest should be in charge of this?
The above is just my opinion.
ALWAYS THE SAME BALONEY
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