Philippines should stop importing ethanol for purpose of blending into gasoline

[uls]

i think the finer details are not overlooked, they were INTENTIONALLY OVERLOOKED

pardon me, but these people are not stupid: they have very high credentials and graduated from prestigious universities here and abroad. the truth is they already saw the impending problems of implementing this law. what they did was make the most out of it - by making sure their bank accounts are well fed from the consequences that arise after the law was passed (e.g. mandate = compulsory implementation but not enough production = importation)

conspiracy theory territory na po yan

you're saying they made that biofuel law knowing that local ethanol production is inadequate and oil companies will have to import ethanol and some govt people profit from the ethanol imports?

like the whole thing was all planned out from the beginning?

i think you're overestimating them

they're not that competent

question: if they are making money from ethanol imports, from what part of the transaction are they getting money from?

from the ethanol exporters (commission)?

from the ethanol importers (lagay)?

both?

let us not forget what the government did upon the implementation of the Oil Deregulation Law (why sell your shares of Petron - the only oil company that you can control the pump price, after implementing the ODL???) sa ginawa nila na yun parang binenta na nila Pilipinas... ODL is a good law, and the objective was good, but the Government let go of their ace they're holding... sayang.

even if Petron is wholly owned by the govt, i don't think they can control pump prices

Petron buys crude oil from abroad and refines the crude oil here

so Petron's cost of producing finished products is no different from the production cost of other oil companies like Shell

how exactly can the govt control Petron's pump price if it owns Petron?

the govt makes Petron sell at a loss and the govt shoulders the loss?

the same way NFA buys rice and sells the rice at a loss to subsidize the poor?

so the cost falls on the taxpayer

is that your point?

[garfield_08]

conspiracy theory territory na po yan

question: if they are making money from ethanol imports, from what part of the transaction are they getting money from?

from the ethanol exporters (commission)?

from the ethanol importers (lagay)?

both?



even if Petron is wholly owned by the govt, i don't think they can control pump prices...

....the govt makes Petron sell at a loss and the govt shoulders the loss?

the same way NFA buys rice and sells the rice at a loss to subsidize the poor?

so the cost falls on the taxpayer

is that your point?

conspiracy theory perhaps.

on the question: if they are making money from ethanol imports, from what part of the transaction are they getting money from? ans. both.

on the question: should the govt subsidized the fuel sold by Petron to lower the pump price if they still hold the majority of shares? ans. yes

on the question: the subsidy cost falls on the taxpayer? ans. yes. at least we get some benefit on the taxes we paid. think of it as a sort of rebate.

[uls]

conspiracy theory perhaps.

on the question: if they are making money from ethanol imports, from what part of the transaction are they getting money from? ans. both.

Pilipinas Shell imports ethanol from Brazil

Royal Dutch Shell has ethanol investments in Brazil

it's unlikely pinoy govt officials can extract money from the Brazil side of the transaction... Shell controls the Brazil side... it's not as if pinoy govt officials referred Pilipinas Shell to the ethanol supplier in Brazil and therefore deserve a commission

pwede pa from the Philippines side of the transaction

iipitin ng customs ang imports ng Shell (hihingi ng lagay bago i-release)

pero kung above-the-table (completely legal, no smuggling) ang imports ng Shell, walang butas ang govt officials para ipitin ang Shell

mas possible pa ang corruption sa local ethanol production

maybe some govt officials have business interests in local ethanol producers

the biofuel law forced oil companies to buy ethanol from local producers

so the biofuels law assures local ethanol producers they will always have sure buyers

good business diba?

dahil sa isang batas, sigurado may customer ka

yan mas believeable

on the question: should the govt subsidized the fuel sold by Petron to lower the pump price if they still hold the majority of shares? ans. yes

on the question: the subsidy cost falls on the taxpayer? ans. yes. at least we get some benefit on the taxes we paid. think of it as a sort of rebate.

kung ganun, the govt doesnt even have to own an oil company

the govt can make a deal with oil companies where oil companies lower their pump prices and the govt compensates them for the losses

but still, the burden falls on the taxpayer

if the govt doesnt have enough funds, it will either raise taxes or borrow

[CVT]

mas possible pa ang corruption sa local ethanol production

maybe some govt officials have business interests in local ethanol producers

the biofuel law forced oil companies to buy ethanol from local producers

so the biofuels law assures local ethanol producers they will always have sure buyers

good business diba?

dahil sa isang batas, sigurado may customer ka

yan mas believeable

Iyan,- raket ng ilang mambabatas...

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