Results 41 to 43 of 43
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November 7th, 2007 01:20 PM #41
A 1% reduction on tariffs would translate to about 450 million pesos in lost reveues a year. Maybe its high time we really do some belt tightening measures on our cars..
and maybe help the country earn more revenues from these big oil companies by claiming our receipts every time we gas up. These oil companies would inevitable have to pass on the oil price increase burden to use consumers anyway...
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November 7th, 2007 06:12 PM #42
A little more and we hit US$ 100 a barrel...
Oil hits $98 on weakening dollar
The ever-weakening dollar and fresh worries about winter fuel supplies have sent US oil prices to $98 a barrel.
The effect was worsened by storms in the North Sea on Tuesday, which disrupted supply as prices inched closer to the $100-a-barrel mark.
The weaker dollar has been driving up oil prices because some investors have been using the commodity as an alternative to holding dollars.
On the other hand, it makes oil relatively cheaper for anybody outside the US.
In recent sessions, record highs have been followed by falls of at least $1 a barrel. Nonetheless, some analysts say that $100-a-barrel oil is inevitable.
"We're going to get $100 before too long," said Kevin Norrish of Barclays Capital.
Last edited by Monseratto; November 7th, 2007 at 06:17 PM.
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November 8th, 2007 08:09 PM #43
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