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Continue reading →: War & Plunder: US imperialism in the Philippines in today’s sharpening inter-imperialist contradictions
For almost half a century, US imperialism relied on unbridled neoliberal globalization to assert and maintain its global hegemony. Trade and investment liberalization, privatization of public services and government functions, and deregulation of state control over key industries, sectors, and activities of the economy were promoted to facilitate the monopoly…
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Continue reading →: Poorest regions pay more for diesel, gasoline
Another round of big-time oil price hikes hit the hapless public transport drivers, private motorists, poor farmers and fishers, and consumers this week. Major oil companies announced that they increased the pump prices of diesel by P17.95 to P18.80 per liter, gasoline by P4.90 to P5.40 per liter, and kerosene…
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Continue reading →: Oil shock profiteering? Oil firms, Marcos regime rake in hundreds of millions amid crisis
Because of the Oil Deregulation Law (ODL), oil companies are likely raking in massive additional profits from the global oil shock. Taking advantage of unregulated weekly price adjustments, oil companies appear to have implemented price hikes far higher than warranted by global price movements. Based on estimates, oil companies today…
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Continue reading →: ‘Sana oil’| As Filipinos suffer mega oil price hikes, prices barely moved in our ASEAN neighbors
First published by Bulatlat While jeepney drivers, motorists, and commuters in the Philippines bear the full burden of speculative, volatile global oil prices due to oil deregulation, consumers in our ASEAN neighbors are well protected by their governments from the devastating impacts of the ongoing oil shock. Across the region,…
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Continue reading →: With deregulation, the Philippines is most vulnerable in Asia to oil shocks
The escalating conflict in Iran and West Asia has once again exposed a fundamental weakness of the Philippine oil regime: the country’s complete exposure to global oil price shocks under the Downstream Oil Industry Deregulation Act of 1998 (the Oil Deregulation Law, or ODL). Compared to other countries in the…
I’m Arnold Padilla, a Filipino activist, writer, and researcher.
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