Oil Price Watch

[SiRbossR]

they have to make enough money now to pay for the higher priced new orders

--

your cost is P100 and you're selling at P110

but your supplier raised his price to P110. if you dont raise your selling price to P120, and you buy new stock at P110, your P10 profit vanished

to maintain your P10 profit, you have to raise your selling price to P120 even if you bought the old stock at P100 so when you buy the new stock at P110, you still maintain your P10 profit

Thanks Sir ULS. I know that naman, pero now i know better.

[hondaboot]

yes, govt and environmentalist can show us alternatives

but people will not turn to alternatives unless there's an economic incentive to do so

when oil price skyrocketted in 2008, LPG conversion became hot

when oil price fell in 2009, LPG conversion went cold

now that oil price is rising again, LPG conversion is picking up again

market forces drive people's decisions. not the govt or environmentalists

govt and environmentalists can push alt energy all they want, but when oil price is low, they'll just be ignored

when oil price is high, they don't even have to push alt energy

consumers will demand alt energy all by themselves

this round of increase will definitely finish off a lot of businesses in the next months to come. ngaun pa lang grabe ng ang overhead ng business na dinulot ng 2008 oil crisis

sana mag P60 na

[ghosthunter]

Aside from the oil price increase, the government is going to implement a weight restriction on shipping containers, which will increase the transport cost of heavier cargos like raw chemicals to finished goods.

From a typical max weight of 20,000kg... the new limit is 17,500kg.

Add to the problem the increase of electrical rates during summer.

Add the rising cost of oil related products like plastics, lubricants, solvents, synthetics, and other oil derived chemicals.

Add the cost of all and any products that require oil inputs (including transport and manufacturing).

[Monseratto]

Wait for food prices start to rise too. And the increase of the unemployed coming from the ME and this year's new graduates . Mabibingi ka sa reklamo ng mga tao...

[uls]

Inflation exceeds BSP forecast
http://newsinfo.inquirer.net/inquire...s-BSP-forecast

MANILA, Philippines—Annual inflation rose higher than expected in February to reach its highest since May, according to a report released on Friday by the National Statistics Office (NSO).

The annual inflation rate hit 4.3 percent in February, exceeding the Bangko Sentral ng Pilipinas forecast for the month of between 3 and 4.1 percent.

The BSP has acknowledged that the faster-than-expected increase in prices may mean that the official inflation target of 3 to 5 percent may be breached.

The NSO said the inflation in February was driven largely by increases in the prices of food products.

[ghosthunter]

Wait for food prices start to rise too. And the increase of the unemployed coming from the ME and this year's new graduates . Mabibingi ka sa reklamo ng mga tao...

We don't have too long to wait for food to increase. Bread just increased at our neighborhood bakery.

[shadow]

increase na nila ng increase para patibayan na lang yun hinde na kaya yun gas price eh di huwag na gumamit ng kotse at least yun mga kaya pang magbayad eh maganda biyahe at walang traffic, saka yun subsidy sa diesel alisin na rin tapos ibalik na VAT sa diesel. para maubos na rin mga PUV.

[ghosthunter]

increase na nila ng increase para patibayan na lang yun hinde na kaya yun gas price eh di huwag na gumamit ng kotse at least yun mga kaya pang magbayad eh maganda biyahe at walang traffic, saka yun subsidy sa diesel alisin na rin tapos ibalik na VAT sa diesel. para maubos na rin mga PUV.

If people will drive less, more will have to take public transportation. Inefficient public transport will slowly die out and more (fuel) efficient versions will take it's place.

[anonemus]

LPG conversion here in the Philippines

that's my example of commercially successful alt energy that didnt need any help from the govt and environmentalists

i don't recall the govt pushing autogas as fuel for cars before the oil price spike in 2008. i don't recall environmentalists pushing autogas as fuel for cars before the oil price spike in 2008

what i recall is that it started with taxis. taxi operators, in search of lower operating cost/higher profits, converted their taxis to run on autogas

Ah, you might want to check what happened in 2007 when the government started supporting the LPG industry.

The LPG Industry Association (LPGIA) and concerned government agencies will be holding the 1st Philippine Auto-LPG Summit on 22 November 2007 at the Mandarin Oriental with the aim of strengthening policies pertaining to Auto-LPG.


The summit is being held in cooperation with the Department of Trade and Industry’s Bureau of Product Standards (DTIBPS), the Department of Energy (DoE), the Department of Transportation and Communication (DoTC), and the Land Transportation Office (LTO).


The 1st Philippine Auto-LPG summit provides opportunities where regulations, standards on automotive LPG cylinders, requirements and procedures on dispensing stations and guidelines on the registration of vehicles using automotive LPG will be discussed.

http://www.mb.com.ph/articles/293555...-fuel-vehicles

A year later (2008) taxi operators started converting.

Just last December...

Gov't pushes use of auto LPG as alternative fuel for vehicles

By MIKE U. CRISMUNDO
December 18, 2010, 4:32pm
BUTUAN CITY, Philippines – Concerned about the high price of oil in the world market, the Department of Energy (DoE) pushed for the use of liquefied petroleum gas or LPG as an alternative fuel for automobiles.
The move was strongly pushed by DoE officials during the “2010 Energy Industry Forum” at downtown hotel and restaurant here over the weekend.
The energy forum is part of the continuing collaboration of the DoE and Department of Trade and Industry (DTI) to increase awareness among consumers.
Before some 155 energy stakeholders and local officials, DoE-Visayas official Jose Rey C. Maleza disclosed that there is a need to use LPG in an effort to mitigate the impact brought about by the high price of oil now confronted by all consuming public.
Maleza emphasized that there is no problem when converting automobile gas engine to an LPG-operated engine because they have the same heating capacity and needs with the conventional gasoline engine.
“Aside from that, based on simulation, the LPG-fueled automobile is faster compared to a gasoline-fueled automobile,” said Maleza.
Autogas is the common name for LPG when it is used as a fuel in internal combustion engines in vehicles.
The same equipment is also used for similar engines in stationary applications such as generators.
Some public community vehicle operators are already using the LPG as an alternative fuel for automobiles, and the DoE encourages more operators to use LPG to also minimize even their expenses.
However, the DoE officials at the Energy Stakeholders Forum warned that only Auto-LPG stations are authorized to sell LPG for automobile purposes and not for household use.
They added that domestic or household cylinders are not allowed to be refilled in any Auto-LPG dispensing stations.

http://www.mb.com.ph/articles/293555...-fuel-vehicles

The initial cost for converting to an LPG runs from 50 to 100K (4 to 8 cylinder engine). Imagine how fast and widespread will people convert their gas cars to LPG if the government subsidizes part of this cost.

Among the world's biggest autoLPG users currently, Poland and Italy developed their autoLPG rapidly in the 1950s when their respective governments (Socialist Poland and Christian Democratic Italy) provided tax incentives. This was a clear sample of government intervention doing something not out of money, but what' was good for their citizen.

Since then, autoLPG adoption has spread worldwide.

[anonemus]

automakers spent tons of money on R&D and building EVs and hybrids primarily to make money, not primarily to be environment friendly

automakers are betting oil will run out in the future and people will need transportation that doesnt run on oil

it's always about money

Automakers are being forced by the European and US governments to reduce their greenhouse gas emissions. In the US, the CAFE standard mandates that by 2016, fleets should average 34.1mpg and emit no more than 250 grams of carbon dioxide per mile. And I believe its stricter in the European Union. The Chinese and Indian governments are aggressively pushing for alt energy as well even before this current oil price spike.

Main reasons? Reduce air pollution and mitigate climate change. Now these sound like what environmentalists have been clamoring for in years.

This is why even Rolls-Royce recently came out with an all-electric limousine, because the company has to balance out their gas guzzling models with a zero-emission model. Do you think buyers of Rolls-Royce, Porsche and BMW cars are clamoring for cheaper rides?

It's not all about the money. Some are motivated by the greater good--both for the people and the environment.