Oil deregulation essay
From: Lance C. L.
Category: role student
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This epidemic is a strong battle between the consumers and oil companies. Oil companies think that the This only proves how much of a scandal this epidemic is. The whole issue is solely based on oil companies?
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Oil Deregulation in the Philippines Free Essay Sample
The government believes that K to 12 Curriculum in the Philippines will put Filipino students at quality with the rest of the world. Truly, investing in education is the key toward reaching national growth and development. The parents involved in the study state that this program is a must. Because the primary objective of this is to improve the quality of education. The most important contribution of K12 to the students is to improve their abilities and skills. The program aims to uplift the quality of education in the Philippines in order for graduates to be easily employed. The program also aims to meet the standards required for professionals who would want to work abroad.
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The OIC can fix prices of petroleum products, control refinery capacities, license new refineries, and regulate the general operations of affected businesses. The digest also pointed out the control of foreign companies over the industry, where almost every operations in the country at the time is owned by these companies. Basically, the OPSF compensates by allowing companies to reimburse from the fund whenever prices change due to either exchange rate adjustments or world oil market prices. This law aims to expel all government control over the oil industry and is to be done within two phases. Phase one, the transition phase which started in August , aims to take away control over non-pricing related aspects while phase two, the full deregulation phase, now includes the pricing itself, which abolishes the OPSF.
Deregulation is when the government reduces or eliminates restrictions on industries, often with the goal of making it easier to do business. It removes a regulation that interferes with firms' ability to compete, especially overseas. Consumer groups can also prompt deregulation, if they feel the regulation is not serving their interests.
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