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

[ghosthunter]

You guys are all wrong every single post is way off the mark the aliens are siphoning off our gas to run their spaceships when we attack the aleins, then we'll get our gas back does anyone on this thread have the guts to lead the charge?

[Monseratto]

You guys are all wrong every single post is way off the mark the aliens are siphoning off our gas to run their spaceships when we attack the aleins, then we'll get our gas back does anyone on this thread have the guts to lead the charge?

[Jun aka Pekto]

OT
*yawn*

Bunch of lame-o's. -j/k-

This is an alien, not those butt-ugly mugshots....cept for the chick with the starry boobs. Oh that's Darna. Ya baby.

[jpdm]

Hmmmm...very interesting....and a probability....

Business MIrror
August 4, 2008

[SIZE=3]‘Top 2 refiners pumped out billions in profits’[/SIZE] [SIZE=3]UNITED Kingdom-based Shell Petroleum Co. Ltd. and Saudi Arabia-based Aramco Overseas Co. B.V. have siphoned off the US dollar equivalent of billions of pesos in profits they piled up from their oil refining and retail operations in the Philippines, [/SIZE]former senator Ernesto Herrera, Trade Union Congress of the Philippines general secretary, bared on Sunday.


Herrera said Shell Petroleum, which owns 67 percent of Pilipinas Shell Petroleum Corp., pumped out of the Philippines a total of P17.8 billion in profits from 1996 to 2007.
Aramco, which owned 40 percent of Petron Corp. until last month, drew out of the Philippines a total of P7.3 billion in profits over the same period, he said.


Aramco recently sold its entire stake in Petron to London-based Ashmore Group Plc. Ashmore’s SEA Refinery Holdings B.V. also acquired another 11 percent of Petron from small shareholders.


[SIZE=3]Together, Shell and Petron dominate the local market for petroleum products, with a combined 70-percent share.[/SIZE]
[SIZE=3]
[/SIZE]
Herrera said his figures were based on a review of the balance sheets filed by Pilipinas Shell and Petron with regulators.


In the period under review, Herrera said [SIZE=3]Pilipinas Shell distributed by way of cash dividends to shareholders a total of P26.53 billion in profits, of which 67 percent or P17.8 billion was remitted to its parent firm based in England.[/SIZE]
[SIZE=3]
[/SIZE]
[SIZE=2]He said Petron distributed by way of cash dividends to shareholders a total of P18.14 billion, of which 40 percent or P7.3 billion went to Aramco.[/SIZE]


Herrera said the P25.1 billion in combined profits that Shell and Aramco siphoned out of the country could have easily generated more than 85,000 new jobs had the money been kept here and reinvested in productive economic activities.


“Otherwise, the country could have also benefited enormously had some of the money been reinvested back in the business, particularly in the development and production of alternative, renewable-energy sources such as wind, solar, hydro or geothermal energy projects,” he pointed out.


“These alternative-energy sources are not only cleaner and safer for the environment, but also reduce our dependence on foreign oil,” Herrera added.
Cebu Rep. Eduardo Gullas previously bared that Pilipinas Shell and Petron netted nearly P70 billion in cumulative profits in the first 10 years of oil deregulation. He said the two firms realized the bulk of their profits in the last three years, as they enjoyed massive powers to command pump prices due to highly volatile crude-oil prices that have more than tripled.
Gullas and Parañaque City Rep. Roilo Golez earlier filed two separate resolutions urging the House Committee on Energy to investigate and report the facts relating to any oil-price manipulation or similar abuses committed by any person or corporation.

Grabe mga ito....

[uls]

nagpapapogi na naman ang mga politicians.

Multinational companies send profits to their head offices abroad.

Ano mali dun?

That's what they're suppose to do.

Kaya nga multinational eh...

Ano ba dapat?

--

why do OFWs send their earnings here?

--

Local media/news writers are leftists.

Politicians are populist.

Ang theme nila lagi pro-poor, anti business.

[uls]

Last night at the NYMEX:

Oil prices plunged to a three-month low on Monday, briefly tumbling below $120 a barrel in another huge sell-off after Tropical Storm Edouard seemed less likely to disrupt oil and natural gas output in the Gulf of Mexico.

prices plummeted to $119.50, the lowest level since May 6.

Crude has now fallen in six of the last nine sessions and has shaved 18 per cent off its trading record of $147.27 reached July 11.

Yehey!!

Rollback Rollback Rollback Rollback

[badsekktor]

hehehe, balak ko pa naman magtinda ng gasul..... mukhang mag-iisip muna ako bago pumasok sa gasolina

[creepy]

Hmmmm...very interesting....and a probability....




Grabe mga ito....

Wow grabe!! Ang sama-sama naman ng mga oil company --- dapat hindi sila kumikita ng pera. Dapat lahat ng investment nila (tens of billions of pesos) i-donate na lang nila sa mga tao.

... Hahahaha!!

Ernesto Herrera is clearly grandstanding ahead of another run for public office.

[jpdm]

Wow grabe!! Ang sama-sama naman ng mga oil company --- dapat hindi sila kumikita ng pera. Dapat lahat ng investment nila (tens of billions of pesos) i-donate na lang nila sa mga tao.

... Hahahaha!!

hmmmmm......

Ernesto Herrera is clearly grandstanding ahead of another run for public office.

Are you sure?

[uls]

haha

hirap talaga maging multinational no?

ung kinita mo dito hindi mo pwede ilabas...

Ang gobyerno todo ligaw sa mga foreign investor.

"sige na pleeeez, invest kayo dito"

Yun pala pag kumita na ang mga foreign investor, di nila pwede i-remit sa head office nila ang kinita nila.

Whatda?!!!

Kung ganun, wala na foreigner ang mag iinvest dito.

Populism will bring down the Philippines.

The anti business, pro poor agenda of the local media and politicians will flush the Philippines down the toilet.