what is oil deregulation?
this is the commom problem of the philippines today.
Embodied in the Republic Act No. 8479, otherwise known as the "Downstream Oil Industry Deregulation Act of 1998," is the policy of the state that deregulates the oil industry to "foster a truly competitive market which can better achieve the social policy objectives of fair prices and adequate, continuous supply of environmentally-clean and high quality petroleum products" (Congress 1998).
With deregulation, government allows market competition. That means government does not interfere with the pricing, exportation, and importation of oil products, even the establishment of retail outlets, storage depots, ocean-receiving facilities, and refineries.
Oil Deregulation is the lifting of certain government controls (such as price control) on several aspects of a specific industry, specifically the oil industry.
by Gary Anderson 12 years ago
Hey Even, Mises said big business was not evil. To be fair, he did not live to see the TBTF banks, but I am waiting for his libertarian followers duped by this stuff to say the TBTF banks ARE evil. Say it Evan!Here is my post to your off the wall review of my ebook on Amazon. It will show that your...
by SparklingJewel 16 years ago
this is a long video, but incredibly well done. the story of the "money changers, central banks and bankers, the Federal Reserve and other corrupt people, families and organizations that have run the governments of nations around the world across the...
by Kathryn L Hill 8 years ago
The essence of the current battle seems to be this:Liberalism/Socialism vs Republicanism/FreedomWe have to keep this country free. The Constitution, rightly understood and followed, provides the laws/boundaries which preserve our freedom and our rights.Is it so hard for the left to understand the...
by Aqeel Saeed 16 years ago
It fluctuate between $ 148 per barrel to $ 33 per barrel.
by Xenonlit 13 years ago
Should America take oil and gas subsidies and apply them to alternative power and fuel resources?Why American stubbornly continues to support a fossil fuel industry that is swimming in money from inflated fuel prices is a confounding issue.
by Don W 15 years ago
Would a free market have prevented this from happening?I'm guessing the libertarian argument would be that the failings of state regulation was a contributing factor. Those failings stemming from the fact that the regulators were in bed (figuratively and literally) with those regulated. Whereas...
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