in a perfect world, all those living in QC would be working in QC, Makati in Makati, best is home on the upper floor and work on the ground floor, in that way cost of travel would be lessen.

in a perfect world, those living in visayas would only work in visayas, those in mindanao work in mindanao, those in luzon work in luzon. that if there is no work opportunity, the community would unite and create their own opportunity.

in a perfect world, the idle lands in the philippine provinces would yield food sufficient to sustain the world.

but the world is not perfect, and there are so much excuses.

-......just my own thoughts.

pending another conflicts in the gulf, below article taken from http://www.arabtimesonline.com/kuwai...=20280&ccid=12 , (got me thinking to better get insurance enough to cover 3years of salary, to shortly sustain my supposed bereaved pregnant wife)

[SIZE=2]Iran says oil likely to touch $500pb on falling dollar, political tensions [/SIZE][SIZE=2]TEHRAN (RTRS): Iran’s OPEC governor said world oil prices could reach as high as $500 per barrel in a few years’ time if the US dollar falls further and political tension worsens, an Iranian weekly said. “If the dollar’s value continues to decrease and if the political crisis becomes worse, the oil price would reach up to $500,” Mohammad Ali Khatibi told Shahrvand-e Emrooz in an interview published on Saturday. He was asked about predictions that oil prices could reach up to $200 per barrel in the next two or three years. Oil dropped $2 to a fresh seven-week low on Friday, extending a decline that has knocked more than $24 off crude in two weeks as high fuel prices continue to batter demand. Crude prices reached an all-time peak of $147 earlier this month.
Disputed
Khatibi also said oil exports from the whole Middle East region would be at risk if the Islamic state came under any military attack over its disputed nuclear programme. “If there is another war in the region, it will not only be Iran’s oil not reaching the market, but rather the oil of the whole region would be cut from the market,” Khatibi said. “In that case, we will not have a price rise. We will have a price explosion.” Around 40 percent of global oil shipments leave the Gulf through the Strait of Hormuz off Iran’s southern coast and Tehran has threatened to impose controls on shipping there if it is attacked, and warned Gulf neighbours of reprisals if they took part.
The United States and Iran are at loggerheads over Tehran’s disputed nuclear work. Washington says it wants a diplomatic solution to the row, but has not ruled out military action if that were to fail.
Tehran says its atomic activities are purely peaceful, aimed at generating electricity.
An easing of tension over Iran rather than a change in supply and demand is the main factor pushing oil prices lower, OPEC President Chakib Khelil said on Saturday.
Khelil added in brief remarks to reporters that world petroleum demand was holding up and the market might remain volatile. He said a recent strengthening of the dollar had also helped pushed prices lower.
“I think the market had to factor in that there that would not be an attack on Iran,” Khelil said, referring to tensions between the United States and Iran over Tehran’s nuclear programme.

Decline
“I don’t see a fall in demand, I don’t see destruction of demand. Supply is the same, or has increased.” Oil dropped $2 to a fresh seven-week low on Friday, extending a decline that has knocked more than $24 off crude in two weeks as high fuel prices continue to batter demand.
Fuel consumption in the United States and other industrialized nations has begun to slide, dragging oil down from record peaks over $147 a barrel on July 11. Additional pressure has come as the US dollar extended gains against the yen and the euro, following reports showing an unexpected rise in US durable goods orders and stronger-than-expected US home sales in June and consumer sentiment for July. But Khelil said diplomacy had more to do with the decline than market fundamentals. He pointed to the participation of senior US diplomat Williams Burns in a July 19 meeting in Geneva between European Union foreign policy chief Javier Solana and officials from Britain, France, Germany, Russia and China and Iran’s chief nuclear negotiator, Saeed Jalili.
The unprecedented participation of a senior US official in the meeting, together with Iranian comments playing down the likelihood of an attack by the United States and Israel, has raised hopes of progress in solving the Iranian nuclear dispute.

“I think that (the Iran situation) is the major event, because with the visit of the US official to Geneva they (market players) had to factor in that there would probably not be (an attack).”
“Then the dollar strengthened, because the Federal Reserve, the US central bank, no longer had the possibility of lowering rates because they’re already very low. The only possibility is to raise then, which tends to reinforce the dollar, unless the European Central Bank decides to raise euro rates which I don’t think it will do.”.
“So I think the people have factored in the strengthening of the dollar and a less intense political situation over Iran, a lot more than other aspects like supply and demand.”

Lower
Khelil reiterated that without geopolitical problems and a weak dollar, oil should be trading much lower at between about $70 to $80 a barrel.
“I had said that if there had not been a fall in the dollar, and if there had not been geopolitical problems, we would probably be at $70 or $80. Normally if the dollar strengthened and the Iran crises is resolved it ought to go in that direction.”
“There could be volatility, up and down, but normally long-term we should move in that (lower) direction, without the interference of geopolitics or of the monetary policy of the US or of others.”

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