Boycott the Big Four (Petron, Shell, Chevron, Total)= Cheaper Local Oil Prices?

**jpdm** · July 18th, 2008 08:39 PM

A few days ago a local think tank released their findings and said that local oil prices are overpriced by as much as 12 pesos per liter.

One e-mail circulating around mentioned that in order to compel local oil companies (even if they will vehemently deny it, they are nothing but a bunch of rotten profiteering oligopoly) to lower the local oil prices, we need to boycott and stop buying from the multinationals (Petron-Asshole este Ashmore-British;Shell-Dutch-British; Chevron-US; Totalfinaelf-France) which control more than 90% of the local petroleum market.

The oil deregulation law became just a piece of toilet paper full of s#t because of these oligopolists.

But we should not stop buying gas...we should only buy gas from local companies (hwag Eastern Petroleum-it acts as the errand boy of the Big Three) that provide some relief to inflation battered Pinoy motorists...

Less demand would mean losses for them and theyl be forced to bring their prices also....

What do you think?

**_Cathy_** · July 18th, 2008 09:04 PM

jpdm, is it possible for you to post that email? I wanna read it lang. Thanks

**Jun aka Pekto** · July 18th, 2008 09:17 PM

Originally Posted by jpdm

A few days ago a local think tank released their findings and said that local oil prices are overpriced by as much as 12 pesos per liter.

One e-mail circulating around mentioned that in order to compel local oil companies (even if they will vehemently deny it, they are nothing but a bunch of rotten profiteering oligopoly) to lower the local oil prices, we need to boycott and stop buying from the multinationals (Petron-Asshole este Ashmore-British;Shell-Dutch-British; Chevron-US; Totalfinaelf-France) which control more than 90% of the local petroleum market.

The oil deregulation law became just a piece of toilet paper full of s#t because of these oligopolists.

But we should not stop buying gas...we should only buy gas from local companies (hwag Eastern Petroleum-it acts as the errand boy of the Big Three) that provide some relief to inflation battered Pinoy motorists...

Less demand would mean losses for them and theyl be forced to bring their prices also....

What do you think?

Boycott +90% of gas........ Sounds idealistic. But, what happens when the -10% is used up and their suppliers can't keep up with demand? Higher prices and back to square 1. All the Top 4 have to do is sit still and watch the masses come groveling back.

Isn't a class-action lawsuit or even government intervention possible?

I'm pretty sure the anarchists would love nothing more than to stir unrest... pretty ripe for one during times like these.

I'm surprised I haven't seen more red banners/hammer and sickles around.....

**1D4LV** · July 18th, 2008 09:32 PM

i think the report is from the IBON foundation.
can you also send me that email?
vladyderamos*gmail.com

**Monseratto** · July 18th, 2008 09:50 PM

Originally Posted by 1D4LV

i think the report is from the IBON foundation.
can you also send me that email?
vladyderamos*gmail.com

IBON Foundation is a known leftist think tank. Its fantastic solution to the oil price hike is the abolition of the oil deregulation law and the goverment control of oil prices. Best thing is not to give too much attention to them...

A country that advocates price control is Zimbabwe. Unfortunately it's inflation rate is 70 million percent because no one wants to do business with them. Exchange rate 20 billion Zimbabwe Dollar=US$ 1.00.

**CVT** · July 18th, 2008 10:04 PM

All of us have been swamped with the weekly increases in the prices of gasoline (and all other things....

)...

If it makes sense to me, I will support it.

6404:pump:

**CVT** · July 18th, 2008 10:04 PM

All of us have been swamped with the weekly increases in the prices of gasoline (and all other things....

)...

If it makes sense to me, I will support it.

6404:pump:

**tidus1203** · July 18th, 2008 10:15 PM

If they are profeetering and that can be proven then I support boycott of the BIG 3 but if people want price controls I am totally against any forms of price controls as mentioned above it will be like Zimbabwe.

**[archie]** · July 18th, 2008 10:17 PM

gandang idea but still think if those big four would not do business here, then the local distributors of oil will have the power to up or down prices.

same sh*t IMO.

my 2 cents

**uls** · July 18th, 2008 10:46 PM

it wont work. That boycott suggestion has been going around for ages.

dati pa yan noong wala pa P40 ang gas.

First u got to get enough people to cooperate -- individual motorists, companies with large fleets of vehicles, industries that order fuel in bulk, local government, national government...

sige good luck... balitaan nyo nalang ako if u succeed in getting all those consumers to cooperate.

And even if u get people to cooperate, and everyone buys fuel from the smaller players, what happens when they run out of stockpiles?

Saan sila kukuha ng stock nang madalian?

Kanino pa? Eh sa oil companies na madaming stock. Yung mga binoycott nyo.

it won't work. i'll bet all my Tcash it won't work.

---------------

Ibon foundation is a bunch of leftists. I don't know why anyone takes them seriously.

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Price controls is economic suicide.

Better to have expensive fuel to buy than no fuel to buy.