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September 23rd, 2005 05:39 PM #31Originally Posted by mazdamazda
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September 23rd, 2005 06:03 PM #32
*sigh* hindi ganyan, anak.. (just like an adult admonishing a kid hehehe)
sige, kung gayon, let's boycott Smart and Globe as well para bumaba na din ang rates nila...
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September 23rd, 2005 06:22 PM #33
more often than not shortsighted people resort to boycott not thinking about long term effects.
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Finance-crazed tsikoteer
- Join Date
- Jun 2005
- Posts
- 381
September 23rd, 2005 10:01 PM #35Originally Posted by leinahtan
P20/liter would only happen if NYMEX lightsweet crude oil would be priced at $42/barrel.......today, NYMEX lightsweet crude oil is trading at $66/barrel....
yeessshhh.....what a lame/moronic marketing trick by petron/small independent oil importers.....the Robinson "Snake child" came to my mind.....ano ba yan di na naubos ang crab mentality dito!Last edited by moneywhiz; September 23rd, 2005 at 10:03 PM.
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September 23rd, 2005 11:56 PM #36Originally Posted by larshell
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September 24th, 2005 04:12 PM #37Originally Posted by falken
Yup 4% This is the new promo of Citybank and Shell.
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October 26th, 2005 12:40 PM #38
Another approach:
Recommended approach to strategize our buying patterns to cope up with continued price increases given a static pay ....
I think this makes a lot of sense ... although it seems that Filipinos have already gotten used to the weekly price increase so much that it's becoming a non-event already ... a boycott sounds too drastic, but when push comes to shove, why not?
A man eats two eggs each morning for breakfast. When he goes to the
grocery store he pays 60 cents a dozen. Since a dozen eggs won't last
a week he normally buys two dozens at a time.
One day while buying eggs he notices that the price has risen to 72
cents. The next time he buys groceries, eggs are 76 cents a dozen.
When asked to explain the price of eggs the store owner says, "the
price has gone up and I have to raise my price accordingly".
This store buys 100 dozen eggs a day. I checked around for a better
price and all the distributors have raised their prices. The
distributors have begun to buy from the huge egg farms. The small egg
farms have been driven out of business.
The huge egg farms sells 100,000 dozen eggs a day to distributors.
With no competition, they can set the price as they see fit. The
distributors then have to raise their prices to the grocery stores.
And on and on and on. As the man kept buying eggs the price kept
going up. He saw the big egg trucks delivering 100 dozen eggs each
day. Nothing changed there.
He checked out the huge egg farms and found they were selling 100,000
dozen eggs to the distributors daily. Nothing had changed but the
price of eggs.
Then week before Thanksgiving the price of eggs shot up to $1.00 a
dozen. Again he asked the grocery owner why and was told, "cakes and
baking for the holiday". The huge egg farmers know there will be a
lot of baking going on
and more eggs will be used. Hence, the price of eggs goes up. Expect
the same thing at Christmas and other times when family cooking and
baking happens.
This pattern continues until the price of eggs is 2.00 a dozen. The
man says,"there must be something we can do about the price of eggs".
He starts talking to all the people in his town and they decide to
stop buying eggs. This didn't work because everyone needed eggs.
Finally, the man suggested only buying what you need.
He ate 2 eggs a day. On the way home from work he would stop at the
grocery and buy two eggs. Everyone in town started buying 2 or 3 eggs
a day.
The grocery store owner began complaining that he had too many eggs
in his cooler. He told the distributor that he didn't need any eggs.
Maybe wouldn't need any all week.
The distributor had eggs piling up at his warehouse. He told the huge
egg farms that he didn't have any room for eggs would not need any
for at least two weeks.
At the egg farm, the chickens just kept on laying eggs.
To relieve the pressure, the huge egg farm told the distributor that
they could buy the eggs at a lower price. The distributor said, " I
don't have the room for the %$&^*&% eggs even if they were free".
The distributor told the grocery store owner that he would lower the
price of the eggs if the store would start buying again. The grocery
store owner said, "I don't have room for more eggs. The customers are
only buy 2 or 3 eggs at a time". "Now if you were to drop the price
of eggs back down to the original price, the customers would start
buying by the dozen again".
The distributors sent that proposal to the huge egg farmers. They
liked the price they were getting for their eggs but, them chickens
just kept on laying.
Finally, the egg farmers lowered the price of their eggs. But only a
few cents. The customers still bought 2 or 3 eggs at a time. They
said, "when the price of eggs gets down to where it was before, we
will start buying by the dozen."
Slowly the price of eggs started dropping. The distributors had to
slash their prices to make room for the eggs coming from the egg
farmers. The egg farmers cut their prices because the distributors
wouldn't buy at a higher price than they were selling eggs for.
Anyway, they had full warehouses and wouldn't need eggs for quite a
while.
And them chickens kept on laying.
Eventually, the egg farmers cut their prices because they were
throwing away eggs they couldn't sell. The distributors started
buying again because the eggs were priced to where the stores could
afford to sell them at the lower price. And the customers start
buying by the dozen again.
Now, transpose this analogy to the gasoline industry. What if
everyone only bought $10.00 worth of gas each time they pulled to the
pump. The dealers' tanks would stay semi full all the time. The
dealers wouldn't have room for the gas coming from the huge tank
farms. The tank farms wouldn't have room for the gas coming from the
refining plants. And the refining plants wouldn't have room for the
oil being off loaded from the huge tankers coming from the Middle
East.
Just $10.00 each time you buy gas. Don't fill it up. You may have to
stop for gas twice a week but, the price should come down. Think
about it.
As an added note ...
When I buy $10.00 worth of gas, that leaves my tank a little under
half full. The way prices are jumping around, you can buy gas for
$2.65 a gallon and then the next morning it can be $2.15. If
you have your tank full of $2.65 gas you don't have room for the
$2.15 gas. You might not understand the economics of only buying two
eggs at a time but, you can't buy cheaper gas if your tank is full of
the high priced stuff.
Also, don't buy anything else at the gas station, don't give them any
more of your hard earned money than what you spend on gas, until the
prices come down.
Everyone should read this and send it on!
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October 26th, 2005 12:48 PM #39
That still wouldn't work... you'll only hurt the local refiner / distributors here but you won't hit the energy traders (who are the ones driving up the prices).
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November 2nd, 2005 11:14 AM #40Originally Posted by Psalm136:2
Sure, its getting more expensive, but:
-Hydrogen cars are still a pipe dream.
-The only reason LPG is cheap is because of lower taxation, its less practical to carry around and actually less efficient in a car.
-Ethanol and biodiesel are actually more expensive (if you take into account how much faster it is to use up than stuff than it is to grow!). They're hardly solutions, mostly stopgap measures. Think about it, where in the world will Gordon get the 3.7 billion liters of ethanol?! The proponents keep mentioning how successful Brazil is with it. Last time I checked Brazil is the 5th largest country in the world, and one that has lots of flat land too along with a very favorable climate. Remember, just because you can grow it in your backyard doesn't mean it's the solution.
-Natural gas is less efficient and practical than regular gas and diesel. The only reason it should be cheaper is because we have lots of the stuff. I have nothing against that, but do you think in 20-40 years we still have lots of it? Oh well by then other alternatives to fossil fuel will have been economically viable anyway.
-Hybrids are basically the same inefficient internal combustion-powered cars with some electric motors to make them slightly more efficient in traffic. A gasoline engined hybrid would consume the same amount of fuel as a regular gasoline powered car and more than a comparably sized diesel one, (if you saw Jeremy Clarkson on Top Gear driving the Prius and the diesel Lupo) crusing down the highway.
-Electric cars are impractical, and they rely mostly on fossil-fuel run power plants which defeats the purpose.
-Speaking of power plants, the alternatives have their distinct disadvantages. Nuclear power plants require very high capital (and we can't just move BNPP to Palawan where it's safe to operate or something), and renewable energies such as geothermal, hydro, wind and solar are more expensive per unit of energy output. And oh, output, geo, hydro, wind and solar are very inconsistent in their output because of the unpredictable nature of the earth.
There are mainly two reasons for moving away from oil to alternative energies:
-Oil becomes too expensive and the more expensive alternative energies become relatively cheaper. This is the most likely scenario.
-The alternative energies, with the help of advanced technology, become relatively cheaper compared to oil and thus they become the primary source of energy.
We can't entirely rely on technological advance. Mankind could be on a roll at the moment, and hit a big brick wall a few years later. Technology isn't as magical as many of us may think. It's more likely that economics will dictate the fate of our energy future, technology will help but it wouldn't be the primary factor.
The thirst for energy is a neverending one, and the earth's slowly pinching the straw mankind's been drinking oil from. We're sucking the oil harder, but less of it comes out. As a result, we're looking for somewhere else to drink the energy from, like a man stranded in the desert who is slowly drying up his drink bottle.
Think about the future. Imagine pulling into your neighborhood Petron to load up on hydrogen. The big oil players would have moved to hydrogen a long time ago if it would have been practical to do so. Future hydrogen-economy players would be the same old companies with "petro-" or "oil" somewhere in their names, and that would be the legacy of our petroleum powered past (or present). C'mon, some car manufacturers such as Peugeot started out making bicycles!
Engineering student here, just playing the devil's advocate, and applying what I have learned from basic economics and geology.Last edited by Alpha_One; November 2nd, 2005 at 11:42 AM.
I went with him at LTO's The Link satellite office nung nag-renew sya. We were given a number to...
Driver's License Renewal Process?