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	<title>Bicol Today &#187; Oil deregulation</title>
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		<title>Bicol Today &#187; Oil deregulation</title>
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		<title>Oil transnationals will benefit more with tariff cut &#8211; Ibon</title>
		<link>http://bicoltoday.wordpress.com/2008/01/09/oil-transnationals-will-benefit-more-with-tariff-cut-ibon/</link>
		<comments>http://bicoltoday.wordpress.com/2008/01/09/oil-transnationals-will-benefit-more-with-tariff-cut-ibon/#comments</comments>
		<pubDate>Wed, 09 Jan 2008 07:20:48 +0000</pubDate>
		<dc:creator>Bicol Today</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Philippine Updates]]></category>
		<category><![CDATA[Oil deregulation]]></category>
		<category><![CDATA[Philippine oil industry]]></category>
		<category><![CDATA[TNCs]]></category>

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		<description><![CDATA[Independent think-tank IBON Foundation said that the tariff cut on crude oil imports would mainly benefit the transnational corporations (TNCs) that dominate the local oil industry while having a negligible, if any, effect on pump prices.
Experience shows that TNCs pass on costs of high tariffs to pump prices but enjoy savings when tariffs are low. [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=bicoltoday.wordpress.com&blog=1253043&post=139&subd=bicoltoday&ref=&feed=1" />]]></description>
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		<title>Amid record-high oil prices: Think-thank renews call to repeal oil deregulation law</title>
		<link>http://bicoltoday.wordpress.com/2007/11/10/amid-record-high-oil-prices-think-thank-renews-call-to-repeal-oil-deregulation-law/</link>
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		<pubDate>Sat, 10 Nov 2007 04:06:44 +0000</pubDate>
		<dc:creator>Bicol Today</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Philippine Updates]]></category>
		<category><![CDATA[]]></category>
		<category><![CDATA[Oil deregulation]]></category>
		<category><![CDATA[Oil price hike]]></category>

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		<description><![CDATA[Drastic measures are urgently needed to minimize the vulnerability of the Philippines to high global oil prices. Independent think-tank IBON Foundation says this includes the immediate suspension and eventual repeal of the Oil Deregulation Law and setting up a mechanism for government control of oil price hikes to ensure reasonable pump prices. 
At present, the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=bicoltoday.wordpress.com&blog=1253043&post=68&subd=bicoltoday&ref=&feed=1" />]]></description>
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