Possible Local Fuel Rationing for US$200/barrel Oil

[artpogi]

I have to agree with Uls observation on speculators/investors in the market. They can't find money in stocks so they turned to oil and precious metals.

I think kung meron man increase in demand, it's not that big of a demand to jack up the price of oil almost on a weekly basis.

IMO its the speculators driving the price upwards.

As for the rationing, I don't think it will happen, unless there is a "real" oil shortage in the world market, but there's no shortage eh.

Local oil companies will bite the bullet and increase the price, now, us consumers either bite the bullet too or stop using our cars and start going to work using public transport.

It's a dog eat dog world out there, matira matibay.

[rion]

fuel supply is enough nga. it is because China used to use bikes, ngayon ferarri na. India used to use Motorcycles, ngayon Jaguar and Land Rover na.

now Who Killed the Electric Car?

[uls]

If you followed oil price movement before the subprime/credit crisis, oil price went up in cents. it took days to see a 2 or 3 dollar movement.

Now oil price goes up 3,4,5 dollars in a single trading day!

Sabi nga ni Glenn Yu ng Seaoil di daw nya maintindihan.

Coz he has been in the oil business for years and he has never experienced anything like this.