About the author- litigation lawyer in telecoms, taxation, criminal, labor, appellate, family law and corporate; a radio broadcaster, speaker, author a husband, a father, advocate for consumers, for justice www.angkapatiran.org and a sinner who wants to
be a saint. hilman1108@yahoo.com
This is an open letter to the Department of Energy and Secretary Raphael Popo Lotilla.
This unsolicited advise is not original to me, this is what I culled from conversing with Physical Economist Butch Valdez, a former Undersecretary of Education, that the Philippines should purchase oil on a country to country arrangement, and the way the commodity traders purchase commodities wherein the prices are more stable, long term
and most often at better prices.
The world consumes 81 million barrels a day and the supply is 82 million barrels a day.
We must NEVER purchase oil on the spot market like we do today as this is the most
expensive way to do it.
Demand that the oil retailers must publish their purchase prices as transparency
is one way to monitor if we are paying an overprice.
attysison2020@yahoo.com
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