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

[ChevyChaser]

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.

But we should not stop buying gas...we should only buy gas from local companies that provide some relief to inflation battered Pinoy motorists...


What do you think?

Excuse me. Medyo late na ito pero ask ko lang? WHO CONTROLS OIL PRODUCTION IN 90% WORLDWIDE? Also, are there any real players in the Local scene. If you will do as this e-mail says, where will you buy your gasoline? Most gasoline stations in Metro-Manila and the surrounding areas are franchised and supplied by the big 4. even the small gasoline stations buy their supply from the big 4, especially from SHELL.
Incidentally, I had an experience with my 04 Optra when I loaded PETRON and PTT (Subic). In both times, the fuel pump broke down.
Dapat pwersahin ang gobyerno na ibalik ang Oil De-regulation Law at tanggalin ang 12% E-VAT.
Di nyo napansin, pumayag ang big 4 sa E-Vat ni GMA at ayaw naman ibalik ng gubyerno ang Oil Deregulation Law. BAKET KAYA...Hhhhmmmm...I smell a colussion here between ADMIN and BIG 4.

[uls]

.....is this on of the underlying reasons as to why prices of oil is skyrocketing especially in the London Stock Exchange and New York Stock Exchange (NYSE)....

oil is not traded in stock exchanges.

Oil is traded in commodities exchanges, primarily in the NYMEX and ICE.

----------

oil and other commodities skyrocketed coz the falling dollar forced investors to look for hedging to protect their dollar-based wealth.

Investors used commodities as a hedge. The huge amounts of money that flowed into commodities is responsible for the skyrocketting prices.

No need for conspiracy theories to explain the high price of oil and other commodities.

----------

Want a conspiracy theory?

Iraq was invaded by the US coz Saddam wanted to stop accepting US dollars as payment for oil. Saddam said he will only accept Euros.

If that happened, other oil exporters will follow. And that would jeopardize the status of the US dollar as the international currency of trade.

The US won't allow that to happen. That's why Iraq was invaded.

[Jun aka Pekto]

Want a conspiracy theory?

Iraq was invaded by the US coz Saddam wanted to stop accepting US dollars as payment for oil. Saddam said he will only accept Euros.

If that happened, other oil exporters will follow. And that would jeopardize the status of the US dollar as the international currency of trade.

The US won't allow that to happen. That's why Iraq was invaded.

That would make sense except for the fact that during the years following the Gulf War and leading into the 2003 invasion, Iraq can only sell just enough oil as part of its "oil for food program" It was supposed to alleviate the UN-imposed sanctions. They certainly weren't in a position to dictate what currency they'll accept.

If Saddam intended to drop the dollar then why were US troops finding literally walls of hoarded dollars along with weapons caches in Saddam's palaces and hidden tunnels in the aftermath of the 2003 invasion?

You'd think there'd be stashes of Euros instead of dollars.

[jpdm]

Excuse me. Medyo late na ito pero ask ko lang? WHO CONTROLS OIL PRODUCTION IN 90% WORLDWIDE? Also, are there any real players in the Local scene. If you will do as this e-mail says, where will you buy your gasoline? Most gasoline stations in Metro-Manila and the surrounding areas are franchised and supplied by the big 4. even the small gasoline stations buy their supply from the big 4, especially from SHELL.

hmmm......plausible explanation...

The email, anyway, is just a what if...

We will see only the effect (if there is any)if we will do what the email says...

Now, the email was not meant to bring down the Big Four...just to cut a little bit of their dominance of the local gas refilling market ONLY.

Incidentally, I had an experience with my 04 Optra when I loaded PETRON and PTT (Subic). In both times, the fuel pump broke down.
Dapat pwersahin ang gobyerno na ibalik ang Oil De-regulation Law at tanggalin ang 12% E-VAT.
Di nyo napansin, pumayag ang big 4 sa E-Vat ni GMA at ayaw naman ibalik ng gubyerno ang Oil Deregulation Law. BAKET KAYA...Hhhhmmmm...I smell a colussion here between ADMIN and BIG 4.

Even Petron? In fairness, I never had problems with Petron....ewan yung PTT (Thailand) I went to that station only once and in San Fernando, Pampanga...ok din naman...

About collusion, yes....

...I do believe, in my opinion, there is collusion....between these oil companies...

[Jun aka Pekto]

in the some world news, we can see somewhat a brewing cold-word war between the US and some countries in the EU region. there is growing friction between US and France. The Spanish people also dont trust the Americans that much.

The US is also very watchful of Canada - a predominantly french speaking country which is btw, has more loyalty to France than the US.

1. Wikipedia says 13% of all Canadians speak French only while 18% speak both French and English. That's 31%. The rest of the country is still English-speaking. So, I don't know where you got the idea Canada is overwhelmingly French-speaking.

2. Nicolas Sarcozy is the new French president and is known to be pro-US. What exactly is the friction between the US and France?

3. As for Spain, the only sour point was the withdrawal of Spanish troops from Iraq. But, the commercial relationships between it and the US are as good as ever. Again what specifics are there for friction between Spain and the US.

4. If there was serious friction between Canada and the US, don't you think the border would be closed by now? Last I heard, there's still free flow of traffic between the two countries. Every winter, a lot of (old) Canadians come down here (where it's balmy) to get away from the bitter cold back home.

Add: I would've thought Venezuela might be a flash point. But despite all the rhetoric, Venezuela is still selling oil to the US. There are no State Department travel warnings for Venezuela. From the State Department FAQ about Venezuela:

"[SIZE=2]Approximately 23,000 U.S. citizens living in Venezuela have registered with the U.S. embassy, an estimated three-quarters of them residing in the Caracas area. An estimated 12,000 U.S. tourists visit Venezuela annually. About 500 U.S. companies are represented in the country." [/SIZE]

[uls]

That's why we can't rely on conspiracy theories to explain things.

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

we all know oil companies make a lot of money.

They actually made record profits this year.

US and European oil companies just came out with their profit reports for the past quarter. Google nyo nalang.

Soaring commodity prices led to record quarters for Exxon Mobil Corp., ConocoPhillips, BP PLC , Royal Dutch Shell PLC, Chevron Corp., and Total SA.

Altogether, the profits of the six companies jumped more than 40 percent in the second quarter to $51.5 billion, the first time big Western oil companies have ever reached that level

Here's where they made their money:

Oil companies made the bulk of their money from exploration and production, also known as the upstream...

And this is where they lost money:

On the downstream side, the part of their business that refines and sells gasoline actually swung to a loss. The culprit: those same crude prices that lifted upstream earnings.

Oil companies don't produce enough oil on their own to feed their refineries, forcing them to buy crude oil on the open market. And they weren't able to raise the price of gasoline and other products fast enough to recover their own rising costs for oil.

--------

i would like to thank the oil companies for continuing to make fuel for my car.

I'm addicted to oil.

And if they make record profits from my addiction, well, that's their reward.

I don't hate oil companies.

I need them.

[uls]

This is excellent... really really excellent:

[Jun aka Pekto]

Nice diagram. But, keep in mind the price ranges are themselves averages. There's the high and low sides. The gas station we frequent in AZ never went above $3.83/gal. Now, it's down to $3.63/gal even though that diagram shows a low of $3.91/gal.

If Oklahoma is the cheapest at $3.73/gal, that means there are bound to be some gas stations there selling gas at maybe..... $3.50/gal.

[Jun aka Pekto]

OT OT OT

almost all places in Canada are named in French. it goes to show that the ancestors of Canada where the French Army who allied with Washington in the British War.

also take note of the Flag

French Flag
Canadian Flag
notice anything similar

The British were also the victors in the French-Indian War which preceded the American Revolution. Washington fought against the French and distinguished himself with valor during that war. Yet in the same lifetime, he fought against the British with the French becoming Allies later.

It doesn't change the fact though. The British won the French-Indian War which enabled the Anglos to be the majority in Canada. The French who stayed gave their oath of loyalty to the Brits. Loyalty must not have extended into which language to speak.

I suggest you look at French citizens anti-US sentiments.

Of course they're there. There's still many Gaullist admirers alive in France which acounts for many traditional anti-US sentiments. But, if they are in the majority, how can they elect Sarcozy president when he's known to be pro-US?

contrary to popular belief that spain is predominantly catholic nation. (they're the ones who converted us). Spain is actually a multi-religion country. go back further in history, and you'll discover than Spain was a former Muslim nation.

I knew the Moors controlled much of Spain as recently as the Renaissance. I've known that since I was a kid. It's part of "The Crusades" lore. That doesn't make them any more anti-US than the ethnic Basque immigrants who populate much of Nevada. Most of the sheepherders in Nevada and surrounding Rocky Mountain States trace their ancestry back to the Basque sheepherders of Spain. Many of them aren't exactly Nordic in appearance either.

the strategems of war is designed in such a way that common people will not notice that there is tension between two rival countries. the european union will not be put in a position that it will be nuked or attacked some time in the future. the US is merely stating that her armies are strategically positioned if one will not go into a "negotiation" table with them.

If there were really serious friction, there wouldn't be any trade going on between the US and Canada. The US wouldn't be getting a drop of Canadian oil. Both are NATO members. In the event there's a crisis between Canada and the US, the other NATO members are likely to intervene and mediate.

In my own view, these friction between say, France and the US are more like sibling rivalries rather than a doomsday scenario. They'll argue and argue and argue and perhaps even throw a tantrum. But push comes to shove, they're still allies/friends. The history of both countries are intertwined: the French becoming allied with the colonists in the American Revolution, the US returning the favor during WW1 and WW2, the Gulf War, Operation Allied Force, etc. I've personally briefed French Armee de l'Air Mirage 2000 pilots during Operation Southern Watch. We treated em just like our own air crew. And this was during when France and it's president were very critical of the US in the newspapers.

if there's anything to blame for what's happening right now. it's the Euro. they're are trying to create their own little world out there. The Basic concept of 1 main currency and 1 police of the world is what works for all of us, that's why we have peace for more than 50 years now. disturb that balance and this is what happens ...

I'd give credence to uls' blaming the dollar. While the low dollar have caused costs to the consumer to go up, it's beneficial for US exports. In time, I'm sure the numbers for US exports will show an improvement.

like I said above, things must look normal for those who can't fully understand what's happening in the sidelines. It's all about protecting interests. The world is all about protecting interests and compromises.

We know that. We've seen it many times. Things are not always what they seem up front.

But for conspiracy theories to work, they need to have viable educated guesses and not be shot full of holes right from the start.

Add:
I also have to add that after the revolutionary colonists won the American War of Independence, the colonists who were loyal to the king of England were expelled. They either went back to England or moved north to Canada which remained a British possession at the time.

[nicolodeon]

Avah...buhay pa pala etong thread na eto....

Interesting topics: from boycott to conspiracy theory...

Oh well...carry on.