Oil Price Watch

[desert fox]

bike commute muna ako, nakatitipid din ng 250pesos sa 50km round trip ko.

with the traffic mas matagal lang ng 15mins kung naka-bike.

haay buhay, sana matapos na gulo sa libya etc. pati ata sa saudi may threat ng gulo. patay tayo, 1M daw ang OFWs dun.

dont worry bro, well secured dito....

[uls]

dont worry bro, well secured dito....

dami pulis dyan no?

nagkalat ng pulis ang gobyerno. pinagbawal ang protesta

[desert fox]

Saudi Aramco-worlds largest oil exporting country....kapag itong bansa na ito naputol ang supply ng langis sa ibang bansa.....

your guess is good as mine..

[donbuggy]

kalesa anyone? :D

Imagine the pollution. The kind you don't want to step on. :whoa:

[ghosthunter]

Saudi Aramco-worlds largest oil exporting country....kapag itong bansa na ito naputol ang supply ng langis sa ibang bansa.....

your guess is good as mine..

We'll all talk with an Australian accent and drive Ford Falcon's with superchargers.

[desert fox]

dami pulis dyan no?

nagkalat ng pulis ang gobyerno. pinagbawal ang protesta

oo bro, bawal talaga ang protesta dito noon pa man...

Qatif-maliit na lugar lang sa saudi-jan mga shia Muslims(minorities)sila lang ang nagrereklamo....

[ghosthunter]

Imagine the pollution. The kind you don't want to step on. :whoa:

Tsikot.com might have to change to Kabayo.com

[desert fox]

We'll all talk with an Australian accent and drive Ford Falcon's with superchargers.

Dioskopo, yan na nga po broGH....survival of the fitttest.....

[renzo_d10]

[SIZE=3]SANA umabot pa ng P100 yung gas at bumaba ng P40 yung diesel...

Hehehe...[/SIZE]

Sana maubusan ka ng diesel diyan sa tinitirahan mo ta's hindi na makatakbo car mo kasi wala nang diesel tapos makikita mo friends mo tuwang tuwang humahataw using their gasoline-fed cars.

Hehehehe.

[safeorigin]

watching this before made more sense now

[uls]

Saudi Aramco-worlds largest oil exporting country....kapag itong bansa na ito naputol ang supply ng langis sa ibang bansa.....

your guess is good as mine..

maybe you mean Arabia the country not Aramco the company

actually Russia is the top oil producer as of 2010

[donbuggy]

Tsikot.com might have to change to Kabayo.com

:rofl:

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

In post-apocalyptic movies, you'd think that people would be driving fuel efficient vehicles since gasoline is scarce. But nooo. Mad Max's car has a V8.

In I am Legend, Will Smith uses a Ford Mustang to hunt deer even though a Kia Picanto or a Smart is fast enough.

At least in the Omega Man (the earlier movie version of I am Legend), Charlton Heston is seen driving a frugal two-cylinder Citroen Mehari.

[desert fox]

maybe you mean Arabia the country not Aramco the company

actually Russia is the top oil producer as of 2010

i stand corrected, should be saudi arabia....

But saudi is the biggest oil exporting country....thats different from producing country....

kung gugustuhin lang ng Saudi magproduce ng mas higit pa sa Russia, pwede nila gawin yun bro, pero iniingatan din nila resources nila...

mabait ang Saudi sa Bahrain kaya meron sila pipeline dito papunta bahrain...sa bahrain na lang i-refine....

[safeorigin]

hmmm... IIRC

China and the EU made deals with Russia (with a bit of drama in the Ukrainian pipeline) in oil

they also made sure they get hold of Kuril Islands

[anonemus]

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

Just a guess lang. While its true that purchase price is generaly the same, but their cost of doing business might not be. May duda ako that smuggling played a huge part in the past as to how some of the small players can sell low

See this news:

Citing a study, San Miguel Corp. president Ramon S. Ang earlier said that as much as 30 to 35 percent of the gasoline and diesel sold in the market today has been coming from oil smuggling. This was equivalent to some P30-P35 billion in uncollected taxes, he added.

http://business.inquirer.net/money/b...ngenergy-chief

Pero nung nawala na si FG and his smuggling buddies sa poder, parang nawala na rin ata ang massive oil smuggling...

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

Eh wala bang volume discount for big players? Or maybe big players can stock/horde more oil at a longer period?

[desert fox]

hmmm... IIRC

China and the EU made deals with Russia (with a bit of drama in the Ukrainian pipeline) in oil

they also made sure they get hold of Kuril Islands

mga sigurista ano bro....

[anonemus]

watching this before made more sense now

Ito ba?

[ame="http://www.youtube.com/watch?v=xJmrTUeZwRo"]YouTube - Top Gear - Apocalypse - Parte 1/6 - Legendado R-P[/ame]

[safeorigin]

well, unlike money...

oil doesn't come out of thin air

they spend a lot of money on defensive assets since they cover a lot of land area to protect their resources so at the end of the day Japan can moan all they want

[uls]

Eh wala bang volume discount for big players? Or maybe big players can stock/horde more oil at a longer period?

so yung mga big players ang dapat mas mababa ang presyo kasi meron sila "volume discount". is that your point sir?

[anonemus]

so yung mga big players ang dapat mas mababa ang presyo kasi meron sila "volume discount". is that your point sir?

Usually naman kasi with volume business there's big discount. And having their own refineries here in Pinas, they can stock more at a longer period to hedge against price fluctuations....

The Oil Deregulation Law passed in 1998 was supposed to introduce free market play against the Big 3 with the entry of small players. But 10 years later, pare pareha lang presyo ng mga ito. The biggest price difference being P1/liter on the average, tama ba?

Doesn't make sense. Giants and dwarves in the oil market selling at the same price? Ibig sabihin same cost (purchase price, transport, logistics, refineries, marketing, advertisement, overhead, etc).

Or baka may sabwatan lang talaga yung Big 3 and small players dito sa Pinas?