rollback!!!

[uls]

...and such is the natural way of the world.

Yes. Exactly. Such is the natural way of the world.

It's Darwinian natural selection.

It's survival of the fittest.

You do not become an Exxon Mobil or Royal Dutch Shell by being nice and compassionate.

You become an Exxon Mobil or Royal Dutch Shell by being cunning, aggressive, and ruthless.

If you, as an organism or company, cannot compete with other organisms or companies, then nature eliminates you.

The oil companies are just doing what they do best... survive.

[jpdm]

Yes. Exactly. Such is the natural way of the world.

It's Darwinian natural selection.

It's survival of the fittest.

You do not become an Exxon Mobil or Royal Dutch Shell by being nice and compassionate.

You become an Exxon Mobil or Royal Dutch Shell by being cunning, aggressive, and ruthless.

If you, as an organism or company, cannot compete with other organisms or companies, then nature eliminates you.

The oil companies are just doing what they do best... survive.

Agree.

But at the expense of the consumers and the public.

It is correct then?

[uls]

Agree.

But at the expense of the consumers and the public.

It is correct then?

They don't care if it's correct or not.

It's not about right or wrong.

To them it is amoral.

It's about numbers.

They are organisms living on instinct.

Their instinct is to survive.

[tidus1203]

Agree with uls. They won't care if we don't have gas anymore at the expense of them not being able to sell it at a price they feel is right for them. As always, if you don't want the price you are also free not to buy. You can also boycott if you want that is the beauty of the free markets.

[jpdm]

They don't care if it's correct or not.

It's not about right or wrong.

To them it is amoral.

It's about numbers.

They are organisms living on instinct.

Their instinct is to survive.

Definitely agree. You said it beautifully.

That's why they behave this way.Regardless of anybody.

[jpdm]

Agree with uls. They won't care if we don't have gas anymore at the expense of them not being able to sell it at a price they feel is right for them. As always, if you don't want the price you are also free not to buy. You can also boycott if you want that is the beauty of the free markets.

Agree here.They really dont care.

If you dont want their price dont buy from them.

Now, because they control the market of this vital product ..well...poor consumers like me have no choice but to buy from them based on the price that they dictate.

And the government has no right to meddle with the free market..


How do you call this kind of market..

When the public is hostage to a few companies?

I think it is not free...because with the same pricing...we have no choice...

Im not advocating for the repeal of the deregulation law.

Im just advocating for a realistic pricing of oil products in the Philippines.

[tidus1203]

Sorry pal I truly believe in the free markets even for essential items like food and energy. If people have to die so be it, survival of the fittest it only means there is just too much people for the limited amounts. The buyers of course want to buy low and the seller wants to sell high its always been like that and they have to find the balance. The government can't find that balance only a true buyer/seller environment can dictate prices. Even at these prices obviously there are buyers. They the sellers want to sell as high as possible at what they think buyers will still buy.

The price right now is free markets. Sellers price there products the buyers are still buying in essence agreeing to buy the product at the specified price. Now that is FREE. Government interventions have never worked and will never work. If the government interferes and price it too low for what is acceptable to the seller then the seller will just close shop.

[creepy]

It's unbelievable how embarrassingly closed-minded someone here is.

Simple lang -- if any oil retailer (be it Caltex, Petron, Shell, Uni-Oil or SeaOil) is selling its products at a price higher than anyone else... DON'T BUY from that retailer. Buy from someone else.

Kung talagang mas mura ang Uni-Oil, bibili ang mga tao sa Uni-Oil. No need for the histrionics from someone here.

That's how the market works. Stop this whining.

[uls]

the seller will always want to sell high

and the buyer will always want to buy low.

ganyan talaga e...

that's the natural way of things...

Don't get emotional about that... it's not about right or wrong...

Kung meron ka binebentang gamit, like a used car, or a used laptop...

diba you want to get the highest price possible?

Greedy ka ba?

Hinde... normal lang yan e.

Abnormal ka kung ibebenta mo ng sobrang mura.

[jpdm]

Sorry pal I truly believe in the free markets even for essential items like food and energy. If people have to die so be it, survival of the fittest it only means there is just too much people for the limited amounts.

I believe survival of the fittest does not apply to human person.

Adam Smith did not invent Classical economics to disregard the welfare of the society.

He only thought that free market system is the best system to maximize the efficient allocation and distribution of resources to the society

Survival of the fittest (as mentioned by Charles Darwin in his theory of natural Selection) must not be applied to human society. We are not beings just monkeying around ( literally and figuratively) i.e. Darwin's primates......

..That's why humans created institutions including the state and the government---to protect the weak and check abuses..

And Adam Smith despite his firm belief on laissez faire, acknowledges the role of the government in implementing regulations...

I find it callous for oil companies or any firm for that matter to disregard the welfare of the consumers....

and just let people die as what you said, as long as they have to survive...

in this situation, regulators must come in...

The buyers of course want to buy low and the seller wants to sell high its always been like that and they have to find the balance.

Alas, but the free (pure market) doe not really exist...

...a perfect market equilibrium cannot be attained...

...because the market is full of imperfections....

...especially when oligopoly, monopoly, monopsony, duopoly etc.. exists....

....its hard find balance...

..just like the oil prices in the philippines...

The government can't find that balance only a true buyer/seller environment can dictate prices. Even at these prices obviously there are buyers. They the sellers want to sell as high as possible at what they think buyers will still buy.

The government must find a balance as a regulator especially if the prices dictated by market (oil companies) are already unrealistically high) and might create social instability...

if the market refuses to heed the call of the consumers, the state (government) has the right to intervene in the market....

The price right now is free markets. Sellers price there products the buyers are still buying in essence agreeing to buy the product at the specified price.

Consumers are forced to buy despite disagreeing. Because its a vital product. The state is authorized ( fiscal functions) to used its powers when the market's behaviour is injurious to the general welfare...

Now that is FREE. Government interventions have never worked and will never work. If the government interferes and price it too low for what is acceptable to the seller then the seller will just close shop

Its not free because the consumers cannot choose in an oligopoly like pricing scheme in our local oil market...

It will work because the government is mandated to stabilize the market....(

prices of oil companies are all the same...

So an economy that depends on oil has no choice but to buy from them...

...but based on the sellers' price?

...its not free market, when you are at the mercy of the sellers.