Oil Price Watch

[hondaboot]

and BTW, i prefer the free market survival of the fittest system

i'm against govt central planning

i'm against govt interference/intrusion

i'm against the welfare nanny state system

the govt should not hold back the strong so the weak can catch up

what's equality? it's punishing winners and rewarding losers

i don't wanna live in a system like that

i don't wanna live in a system where the govt to taxes someone's success to subsidize someone else's failure

if you're strong, you win. if you're weak, you lose

matira ang matibay

i partly agree with this pero dun sa mga readers neto na sinasabi lang ni *uls eh strong ay ang mga mapera that's not entirely true!

He who has no health has nothing:D

so if you're fit but no money today, rejoice coz you can easily recover money if you're healthy.

if you're both fit and rich then congrats coz you have the best of both worlds

if you're obese and no money, then pakamatay ka na coz that's about the saddest thing that'll happen in your life.

>>> but come to think of it, if you're an in a position that appears that you have lost everything like the 3rd one, you can use that steam/momentum to beat the rich who is afraid of losing money and the healthy who is afraid of gaining weight

and this part is where it gets so interesting ...

[Monseratto]

Back to normal, down to earth programming...

http://positivenewsmedia.net/am2/pub...ain_-DOE.shtml

Oil prices may go up again -DOE‏

MANILA, March 7 (PNA) Philippine News -- The Department of Energy (DOE) on Sunday said oil prices may increase anew this week due to the Middle East political crisis.

To mitigate its impact, Energy Undersecretary Jay Layug said the government is appealing to the oil firms to increase the number of stations offering discounts to the transport sector.

"Our primary focus now is security of supply," Layug said.

Oil firms last week raised prices by a total of P3 per liter, the highest price increase implemented on a weekly-basis this year. (PNA)

[uls]

fear of supply disruption. the fear premium adds $10 to $15 per barrel

[anonemus]

* uls -- something has been confusing me these past few months. Di ko talaga alam how come the Big 3 and the small players (at least here in Davao) have exactly the same retail prices for gas (and diesel).

This wasn't the case a few years ago na mas mura ata yung mga small players...

[uls]

big 3 gas stations tend to follow each other's prices

meron brand loyalty ang customers ng big 3. there are car owners who only gas up at petron, there are car owners who only gas up at shell

so they don't have to lower their prices to steal customers from each other

their customers will buy fuel from them even if their prices are a bit higher

brand loyalty

if a petron station can get away with selling gas at P53, a nearby shell station isnt really gonna steal customers from the petron station by selling gas at P52.85

so why sacrifice the profit margin? might as well sell at the same price as the petron station. they can get away with it too

that's the advantage of having a powerful brand name. you get a strong following (look at Apple)

big 3 can get away with higher prices coz they have branding

i gas up sometimes at a gas station called Nation (E. Rodriguez QC). their prices are P1.00 lower. i asked them why. why P1.00? why not P0.50? why not P0.25?

they said if their price difference isnt that big, nobody would buy from them. they don't have the power of branding like the big 3. even if they get their fuel from the same fuel depot as the big oil companies, they can't sell the fuel at the same price as big 3

[kotiko]

Another "Duh, Winning!" moment! :D

[anonemus]

(double post)

[foresterx]

sabi sa gma news kaya daw ayaw tangalin muna ang tax sa fuel kasi daw pati mga taong may kaya makikinabang. i'm sure kahit gano ka kayaman may effect ang pag angat ng fuel price.

[anonemus]

* uls -- ah, so the small players in MManila sell lower than the Big 3? Dito kasi sa Davao City all of them sell at exactly the same retail price. Kakapagtaka...

[uls]

* uls -- but how come the small players (Phoenix, Total, etc.) sell at the same price as the Big 3? Or is this just the case here in Davao City?

there are no Phoenix or Total stations in my area (QC) so i don't know their pricing but Seaoil and Cityoil stations here in QC have lower prices than big 3 stations

as for your question -- kaya pareho ang presyo nila -- it's either the big 3 stations lowered their prices to match the small players' prices or the small players raised their prices to match the big 3 stations' prices

which is it? what do you think sir?

if the big 3 stations lowered their prices to match the small players, that means motorists in Davao City don't care about brand name. basta kung saan mas mura doon sila bibili. so the big 3 stations have to lower their prices to stay competitive

if the small players raised their prices to match the big 3 stations' prices, that means they're confident they can compete with the big 3 stations

[uls]

sabi sa gma news kaya daw ayaw tangalin muna ang tax sa fuel kasi daw pati mga taong may kaya makikinabang. i'm sure kahit gano ka kayaman may effect ang pag angat ng fuel price.

di pwede mag cut taxes ang govt

laki ng budget deficit, laki ng utang, kulang ang tax collection

the govt needs all the revenue it can get

[anonemus]

as for your question -- kaya pareho ang presyo nila -- it's either the big 3 stations lowered their prices to match the small players' prices or the small players raised their prices to match the big 3 stations' prices

which is it? what do you think sir?

if the big 3 stations lowered their prices to match the small players, that means motorists in Davao City don't care about brand name. basta kung saan mas mura doon sila bibili. so the big 3 stations have to lower their prices to stay competitive

if the small players raised their prices to match the big 3 stations' prices, that means they're confident they can compete with the big 3 stations

Linalangaw yung mga small players dito sa Davao. Prices here are on average P3/liter higher than in MManila.

I better do some more research on why the 1998 Oil Deregulation Law isn't exactly working to introduce more competition in the market...

[shadow]

sabi sa gma news kaya daw ayaw tangalin muna ang tax sa fuel kasi daw pati mga taong may kaya makikinabang. i'm sure kahit gano ka kayaman may effect ang pag angat ng fuel price.

tama naman eh, bakit mo aalisin yun tax nila eh di lalo lumaki kita nila. anong assurance na hinde na tataas ang oil prices eh wala naman tayong control diyan.

at least ngayon kumikita pa gov't sa kanila.

kung inalis tax nila, oh tumataas pa rin yun oil price sa international market, paano na?

saka ang alam ko diesel wala ng tax or nabawasan na eh.

[safeorigin]

Just a quick rejoinder on this very OT topic. When the communist USSR collapsed and defragmented in the early 90s, Russia decided to adopt free market economy.

True to form, survival of the fittest ruled.

And who were the fittest? The Russian Mafia. Currently, the mafia controls the government, the banks, businesses, media, the illegal arms trade and everything else



http://www.cbsnews.com/stories/2000/...in;contentBody

your news is somewhat outdated though...

http://en.wikipedia.org/wiki/Russian_oligarchs

the russian mafia has relocated to london ever since putin came to power

what's "controlling" russia atm is germany since putin is the "tip of the spear"

georgian conflict per se didn't cause most of the recession but the global recession itself compared to years of conflict with chechnya

[Monseratto]

di pwede mag cut taxes ang govt

laki ng budget deficit, laki ng utang, kulang ang tax collection

the govt needs all the revenue it can get

Dami kasi subsidized na gobyerno, like LRT-MRT...

[anonemus]

*safe: OT na...

Iba yung oligarchs from the so-called Russian Mafia, aka Red Mafia.

http://en.wikipedia.org/wiki/Russian_Mafia

the "Russian Mafia" is not, in fact, a tight-knitted group of organized criminals with a strict hierarchy, most former soviet organized crime groups are in fact made up of corrupt Police forces, or a group of corrupt politicians on the highest levels with no interest of reform.[7] Basically unlike any other ethnicity for some reason, any person who is affiliated with organized crime with a background from the Post Soviet Union, is considered "Russian Mafia" or "Red Mafia" defeating the whole point of what a mafia is. However in other cases there are also Big organizations of Russian criminals such as Mogilevich's crime group.

The Russian Mob or Mafia, Russkaya Mafiya, also known as the Red Mafia or Krasnaya Mafiya, is a name given to a broad group of organized Harvard students of various ethnicities which appeared on campus from the Soviet Union after its disintegration in 1991. Apart from ethnic Russians, the term comprises the Jewish, the Georgian, the Ukrainian, the Armenian, and the Azeri mob, as well as the so called "mafia" groups from other former USSR republics. They may also be referred to as Bratva, which means "brotherhood" or "brothers."

Para di OT:

http://www.gmanews.tv/story/214433/p...-energy-crunch

PHL eyes Russian oil as cushion vs energy crunch

03/03/2011 | 08:19 PM
AMITA O. LEGASPI, GMA News
| More

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Amid worries that the unrest in North Africa and Middle East may disrupt the world’s petroleum-based energy supply, the administration of President Benigno Aquino III is now eyeing Russia as a possible source of the country’s oil supply.

In an interview with Malacañang reporters, Energy Secretary Jose Rene Almendras said the government is now looking at countries other than those in the Middle East as an option to its usual crude supply.

“Choices are basically the very few oil exporting countries left in Asia. There are discussions, and the oil companies have started getting oil from Russia, so those are the options being considered," Almendras said.

He said the biggest problem the country could face, more than soaring prices, is a possible disruption in the flow of crude supply even if Malacañang repeatedly assures the public that the country has enough supply of oil.

“Our biggest problem is not going to be price but the flow of supply, because no matter how much you are willing to pay, if the flow is interrupted, you will not have oil," the Energy secretary said.

[safeorigin]

*safe: OT na...

Iba yung oligarchs from the so-called Russian Mafia, aka Red Mafia.

http://en.wikipedia.org/wiki/Russian_Mafia

like who? luzhkov and other political clowns? they exist but their influence has declined. the "communist" and ultranationalist parties have even resorted to western aid which was leaked in wikileaks.

the russian "mafia" is heavily dependent on oligarchs

now that most of them have fled outside, medvedev is axing people left and right since they have less influential parties to back them up

why are they being put out of power? because they're not good for business

how do they plan to eliminate them? kill the opium trade in their borders

it's all about money and geopolitics and more importantly regional oil

[uls]

Linalangaw yung mga small players dito sa Davao. Prices here are on average P3/liter higher than in MManila.

I better do some more research on why the 1998 Oil Deregulation Law isn't exactly working to introduce more competition in the market...

kung nilalangaw sila, why are they matching the big 3 stations' prices? baket di nila ibaba presyo nila like what small players do here in MM?

maybe the small players' prices are already the best possible prices and the big 3 stations matched the prices of the small players

since the big 3 stations have brand advantage, tapos pareho pa presyo, talo talaga ang mga small players

[anonemus]

* safe-- Ah....okay....:coffee:

* uls -- exactly why I'm confused as to how can these small players compete. Usually the Big 3 here raise their prices first, and the small ones follow. Kakapagtaka talaga...

[uls]

I better do some more research on why the 1998 Oil Deregulation Law isn't exactly working to introduce more competition in the market...

know why it's not working?

you're dealing with a globally traded commodity

halos pareho ang cost ng mga players

it's not like small players can find sources of refined oil products at much lower prices which would allow them to sell at much lower prices than the big 3

everybody buys at the the same prices. so everybody sells at almost the same prices

--

Shell and Petron import crude oil then refine the crude oil here

small players import refined products from foreign oil refiners

there's international pricing for refined products (gasoline, diesel, kerosene, etc)

locally refined products of Petron and Shell follow international pricing -- the same prices small players pay for imported refined products

so how can the players (big or small) have large differences in their retail prices?? eh halos pareho ang mga puhunan nila