Oil Price

Putting the brakes on oil prices

I HAD hoped that a previous column on oil prices would have been the last but with local gasoline prices increasing upwards 15 times already this year alone (2011), answering the question of how to put the brakes on skyrocketing oil prices becomes imperative. Oil firms and government are singing the same tune as to the supposed reason for the increases: that it is the world market that dictates oil prices and that we are essentially helpless in this regard.

Dr. Giovanni Tapang, PhD
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