Everyone is agog over freeze in prices of petroleum products and basic commodities but such measure should be used only in extreme cases during height of emergencies to prevent profiteering. But currently, such measure is uncalled for and it only distorts the market and create unrest.
when will government ever learn not to interfere with free markets. and when will our transport groups ever realized that this country can not afford to subsidize their gas-guzzling habits habits and further support operations of those inefficient, polluting jeepneys. what we should do and soon is to be prudent in use of petroleum products, change our behavior to save energy and be responsible to help the world to reduce the carbon footprint.
if we all want to get even with the gas companies, simply reduce our consumptions, travel only when necessary, walk and don't ride for short distances and believe me, it will reduce our dependence on them, reduce our volume of imports on petroleum products and reduce their profits. Only when profits are low will companies start to compete with one another, just like in free markets.
the fuel prices will continue to rise. that is as sure as the sun will rise every morning. let us be prepared now.
only then we can have peace of mind. live a happy life. forget about DOE.
