${log.root}/lowem.log
Inflation, Investing and Everything


All | Musings | Tech | Java | Biz | Energy | Env

AddThis Feed Button
« $67.10 | Main | Hello Wenn »
20050813 Saturday August 13, 2005

Philippines : "strict energy conservation is now a matter of national survival"

peakoil.com -> xinhuanet.com

Philippine President Gloria Macapagal Arroyo said on Saturday that drastic energy conservation measures must be enforced to deal with the looming oil crisis brought about by the steady increase in crude prices in the world market. Arroyo also suggested that the people use bicycles or walk instead of taking a ride when going to nearby places.

Meanwhile, presidential spokesman Ignacio Bunye said "strict energy conservation is now a matter of national survival". He said the Malacanang presidential palace will start reducing the consumption of electricity "to set the example in both energy conservation and fiscal discipline". "Lights are dimmed and all cooling systems are turned off early in the Malacanang complex," he said.

Oil prices in the world market have soared from 30 US dollars per barrel one and a half years ago to 67 dollars Friday, bringing high inflation in oil importing countries like the Philippines.

"I am appealing to the people to seriously consider conserving energy amid a possible energy crisis which is beyond government's control," Bunye said. He said the increasing oil prices in the world market would definitely have a great impact on the prices of oil products in the country.

(2005-08-13 22:40:56 SGT) [Energy] Permalink

Comments:

Post a Comment:

Comments are closed for this entry.
« $67.10 | Main | Hello Wenn »




Most popular blog postings on lowem.log :

1. Singapore SIBOR rate falls to 0.94% in Nov 2008, lowest since Jul 2004
2. Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
3. Singapore SIBOR rate falls to 1.31%, lowest since Nov 2004
4. Singapore SIBOR interest rates fall to 1.5%, lowest since Dec 2004
5. Live spot gold price quotes chart on COMEX
6. 2010 Honda Civic Hybrid preliminary specifications released
7. Fuel prices seen stoking Malaysia inflation in 2008
8. How to insert currency exchange rates into Google Spreadsheets

Featured articles on lowem.log :

1. ABC Guide to Beating Inflation in Singapore and Elsewhere
2. Singapore inflation rate hits new 26-year high of 7.5% in Apr 2008
3. Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
4. 67000 China factories closed in H1 2008 as global economic collapse takes hold
5. 2010 Honda Civic Hybrid preliminary specifications released
6. Peakoiler buys 2008 Honda Civic Hybrid FD3
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore SIBOR rate falls to 0.94% in Nov 2008, lowest since Jul 2004





archives
search
sponsored links





bookmarks

about
my profile
contact me

personal
biow
ken
wenn

sites
photo gallery
wiki

blogroll
reviewem
sgenergycrisis
theenergycollective

forums
goldclubasia.com
peakoil.com


navigation
decals

Click for Singapore, Singapore Forecast





rss feed for lowem.log

Get Firefox!

powered by
hosted by