Chaff Launch

Monday, April 11, 2005

The Philippines: Riding the Oil Tiger

In the commentary "It's the Supply, Stupid" at least someone at Malaya - The National Newspaperhas their eye on the ball as the Philippines swings into an oil crisis.
With inventory touching lows of 10 days, capping prices is the worst medicine one can prescribe for a malady that threatens national survival. It leaves the oil companies short of cash to replenish their stocks.'


Update: 10 days? Yikes!

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