Uncontrollable Oil Price Hikes

Hello Yahnee, I have watch some news about it and it's causing other countries specially in the west to commence protest and violent rallies all over. I feel bad and a bit of disappointment over the last few administrations after Marcos Era for not taking good care of our Nuclear Power PLant, we paid for it for nothing

The Nuclear Power Plant would have saved us a lot of trouble in this kind of situation. What I am worried about will be the shortage of the fuel supply similar to the scenario during the Ramos Administration where we would suffer from brownouts everyday. Considering that I am earning from online jobs, brownouts will result not only in inconveniences but in loss of earnings. We lost a lot of money in the Bataan Nuclear Plant and I believe we are still paying for its upkeep up to the present. So many things going to waste because of the lack of planning and decision making.

Hello Lhenni, If only machines and transport uses a renewable sources of energy for the transport and production of goods, this wouldn't happen at all. I can't believe GMA actually gave a loophole for the Chinese to have claim on the western part of those islands, we need to fight or claim it through diplomacy.

There's some local fellows who promote other sources of energy other than petrol, and sad they were not pursued due to lack of support from our government. I had watched our own local scientist long before, saying their sentiments in an interview, for not getting support in terms of funding them to pursue their inventions. Because they lack of support, they tend to sell their unpursued discovery/innovation that can make our country proud if they were just patronized by our own government *sigh! Well, on Spratley's matter, it's sad that many invaders were claiming it. Territorial disputes were still contested. But I believe, strategically, we own the Spratley's! I don't want to say something with regards to Chinese, I don't want your post to be deleted *wink!

Well when sourcing for oil in other parts of the world, we all know that Middle East is the biggest supplier of it and most countries that produce this are not as big as the ones that comes from Middle East. US is an oil producer but they could not export since the needs of their country is just enough for the oil consumption of their country. And also others that can supply but of course they would not offer it below the prevailing market prices as well. We do have alternative power sources and so far this are quite expensive at the moment. Solar is one of them but then I think it will take a large parcel of land and of course capital to provide the needs of our country. I even saw there is a plant that can be converted to a diesel like oil. But some are trying to stop the propagation of this since this could tilt the farmers from producing this plant instead of producing food if this proves to be marketable enough. I think shifting from oil to alternative sources can mean more capital outlay than to buy oil for now. But hopefully we can finally find a solution to eliminate our dependence to oil consumption which for now seems impossible.

Hello Rsa101, I don't think it's our business with regards to their politics. but it is our business to look for different kind of resources most specially in terms of fuel or power source. I can't believe actually allowed CHina to penetrate our part of the spratleys. it's sad business owners who are part in the world market are getting richer while we are getting poorer.

Hello Dandan07, Oil prices affects the transportation of goods, and production of goods though oil-dependent machines. if oil goes up, then the cost of buying oil for those purpose goes up as well. indeed like the Philippines, there's VAT on oil, otherwise, there won't funding for social programs coming from tax on oil. have a nice day.

Hello Simplyd, I am getting fed up with the Government not making any solution that is more convincing and feasible to the people's eyes. the Govt. is not good enough making the right solutions to this oil crisis, this is one of the core problems of our country and it's economy. maybe some are doing that, but maybe they don't feel the burden of the oil prices

Correct ka dyan, Letran.

Hello Jazzieruffa, that's becausse we rely too much on importing and instead of getting oil from our own land. don't you know that an oil field in the philippines is owned by company that shift's it's oil to australia. there's a lot of problems now that more people are giving up.

Hello Anne25, I feel sad about this and the only choice i think i have left for now is to keep on saving as many as i could. i don't like the idea of spending any more.because i have spent it a lot when the relatives came here and buy some stuff.unfortunately, there is no concrete solution, nothing can be permanent in easying the oil price tension.

Hello Hatley, Yeah it's been a while my friend hatley, but it's just been months i haven't really been that gone yet. I don't know about the issue in the United States with regards to the drilling site, remember they were problems with the oil pumping site that causes oil to spread to the ocean.have a nice day.

Hello Neildc, Yes, we can't do anything about it for one bit. I think it's the machineries that are dependent on oil usage is the cause of the rise of the commodities. not to mention the vehicles use for transportation i think looking for future site for oil drills are the only solution i bet.

Hello hotsummer, It won't make a difference because the oil prices went up a lot more in the past few months, any down turn won't have that much good effect on the transport sector. let's start with the rice, till now the price is still waging from 30 to 40 per kilo, i think that is something that should be lowered too.

Hello thelmadacullo, but the salary doesn't increase, moreso the family needs to save a lot more than ever before to be able to get something out in return.well, it's actually a lot worse now compare to the last few centuries, more people now than the last decade and definitely more poverty. have a nice day.