Possible Local Fuel Rationing for US$200/barrel Oil

**c_cube** · May 24th, 2008 10:14 AM

tingin ko di mangyayari ito, tingin ko kasi madami naman pera pangbili ang mga pilipino eh. kaya kahit tumaas ang oil commodities, bibili parin tayo kasi kelangan natin ito. matututo lang tayo maging mas efficient sa pag gamit ng mga produktong langis.

**ghosthunter** · May 24th, 2008 10:24 AM

Originally Posted by c_cube

tingin ko di mangyayari ito, tingin ko kasi madami naman pera pangbili ang mga pilipino eh. kaya kahit tumaas ang oil commodities, bibili parin tayo kasi kelangan natin ito. matututo lang tayo maging mas efficient sa pag gamit ng mga produktong langis.

well, if you can see yourself buying gasoline at P100/L, I guess it won't effect you on a personal level as much as other people.

**c_cube** · May 24th, 2008 10:49 AM

Originally Posted by ghosthunter

well, if you can see yourself buying gasoline at P100/L, I guess it won't effect you on a personal level as much as other people.

yes it will affect me, even right now its affecting me. it just, i have no choice but to buy fuel at any cost, im just trying to be more efficient in using these products.

**uls** · May 24th, 2008 11:00 AM

Re ung post ni Mr. duskylim...

i've been saying for months oil price is being pushed up by people who are not really interested in taking delivery of oil.

They are just in the commodities market to make money (institutional investors, speculators)

There is so much money out there (hedge funds, pension funds, mutual funds, funds, and more funds) looking for growth.

They can't find growth in stocks, they can't find growth in bonds...

Guess where they went for growth --- commodities!

**shadow** · May 24th, 2008 11:04 AM

damn speculators!!!

**uls** · May 24th, 2008 11:30 AM

di lang naman sa oil eh...

baket mahal ang pagkain?

kasi the speculators are bidding up the price of food crops (rice, wheat, corn, soy)

Precious metals tumaas-- gold, silver, platinum, palladium

Base metals tumaas -- aluminum, copper, nickel, lead, zinc

**uls** · May 24th, 2008 01:15 PM

back to rationing...

There will be rationing only when their is shortage diba?

Paano magkaka-shortage ng oil dito sa Pinas?

Scenarios:

1. The oil producers won't export

2. Our oil companies won't import

--------

Why won't the producers export?

1. They have no more oil (possible)

2. They have oil but won't export (hoarding? for domestic use only?)

--------

Why our oil companies won't import?

1. Meron na local source ng crude oil (haha)

2. Walang pera (haha)

3. Ayaw na nila mag import (ayaw na nila mag negosyo?)

Sa palagay nyo, alin sa mga scenario na yan ang pwede mag cause ng oil shortage dito sa Pinas that would lead to fuel rationing?

**Monseratto** · May 24th, 2008 07:49 PM

The top official of independent oil player, Seaoil Philippines Inc., explained that oil companies are hard-pressed to recover their capital because they cannot keep up with the rising prices of crude oil in the world market.

"Sa totoo lang, hindi na namin naiintinhidan ngayon kung ano ang rason kung bakit tumataas ang presyo. Kung dito sa atin sa ngayon ay linggo-linggo ang pagtaas natin, doon naman sa merkado sa labas, sa international market ay araw-araw po tumataas," Seaoil president Glenn Yu said.

Papayag ka ba pag araw-araw ang increase ng fuel? Otherwise they are having a hard time recovering, kulang ng capital.

**uls** · May 25th, 2008 11:28 AM

i understand that po.

Everytime they order new stock, mas mahal na.

So what are the oil companies gonna do?

Will they just buy less oil coz kulang ang kinita nila para makabili ng same quantity as before?

Let's say they imported 1,000,000 liters last week...

Ung kinita nila can only buy 900,000 liters this week,

then next week, they can only buy 800,000 liters... and so on...

kung ganun, talaga magkaka-shortage.

Question is --- will the oil companies allow that to happen?

Di siguro.

When their survival is under threat, they will do drastic things.

If they have to raise pump prices by P5.00 every week, they will do it.

Eastern Petroleum raised its prices by P1.50. Kelangan na e.

wala na sila pakialam kung magalit ang mamamayan...

They have to stay profitable or else they go out of business.

**mbeige** · May 25th, 2008 12:08 PM

Originally Posted by ringostarr

phony hehehe

Actually, it's not a phony, because it's true. It's not a weekly rise in fuel costs here in the US, it changes per day.

Diesel just went past $5 a gallon here, where supposedly it's cheaper. That equates to nearly PhP50+ a liter back there! Pretty sure more inland fuel stations have diesel as high as $6 or even $7 a gallon already. That's roughly PhP70+ a liter for diesel...