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Home » Archives » 30. June 2008

A Must-See Movie Clip

June 30, 2008

Kindly click on the link to be redirected to a website by Fitna. 

You should see this video.

link: http://www.liveprayer.com/fitna.cfm

Many thanks!

Posted by leeangelo at 9:36 am | permalink | comments[9]

Fuel Subsidies

 

With fuel prices skyrocketing, GMA is thinking of subsidizing it to ease the call of transport sector for another fare-hike.  While rice subsidies is a good idea, and is being continued by the government through the selling of NFA rice at Php18.75/kilo, I’m not really sure about subsidizing fuel (gasoline and diesel).  Does the government really need to do this?  Can the government really spend that much for this new idea?  As Valerino Sy puts it in his Philequity column in The Philippine Star last Wednesday.

Studies have also shown that most oil subsidies benefit less the people that they were intended for: the poor. Cheap fuel benefits most those who drive the biggest and most inefficient cars, namely the rich. Even targeted subsidies can end up with the wrong hands. Many countries subsidize kerosene, since the poor often cook with it, but so do lots of well-to-do restaurateurs.

In addition, since petroleum products are easy to store and transport, petroleum subsidies also encourage smuggling (to neighboring countries for resale at higher prices) as governments of Iran, Iraq, Venezuela, Nigeria, Kazakhtsan, Indonesia, Malaysia, and Vietnam can attest.

To make matters worst, artificially low prices encourage waste & traffic congestion and provide disincentives to fuel efficient vehicles. (more…)

Posted by leeangelo at 8:11 am | permalink | comments[1]