Saturday, we went to Rockwell to watch Hancock and much to our surprise, there was no traffic in EDSA. Rarely in my life I see EDSA traffic-free. Tsk. Must be the result of the ever increasing prices of oil. Every weekend na lang may increase! And I heard on the news that it may jump up to as much as P70 t0 P80 per liter in the not too distant future. Horrible. Now, motorists would rather stay home or commute. Many lives were changed over the weekend.
In my all honest opinion, with all the rallies and protests, ousting GMA at this point will not help. Don't get me wrong, okay? I am not pro-Gloria but blaming it all on her is not fair. Come on! We all know that oil price hike is a global issue. It's a slap in the face to us and I understand that the government should at least do something to cushion the blow but must we put all blame on GMA? According to the law of supply and demand, the price is determined by a balance between the production and the product demand. The increased fuel consumption in US, China and India [high demand] caused shortage [low supply] thus contributed to the rise in oil prices. In simple words, these countries used too much oil than expected and other countries suffered the consequences. So kung sisihan na lang, we should point our fingers at these countries, right? In basic economics, the solution to a price hike is to cut down the demand or add more supply. In theory, if we lessen oil consumption or produce more oil, either way will cut the prices. I wish it were that simple. Anyway, even if the oil price hike has been resolved, we still have to deal with poverty, the irresponsible media, the corrupted officials, the value-added tax, the global warming and yeah the Oust-Gloria campaign. Hay buhay.
Ayoko na mag-isip. Let's all move to another planet.
In my all honest opinion, with all the rallies and protests, ousting GMA at this point will not help. Don't get me wrong, okay? I am not pro-Gloria but blaming it all on her is not fair. Come on! We all know that oil price hike is a global issue. It's a slap in the face to us and I understand that the government should at least do something to cushion the blow but must we put all blame on GMA? According to the law of supply and demand, the price is determined by a balance between the production and the product demand. The increased fuel consumption in US, China and India [high demand] caused shortage [low supply] thus contributed to the rise in oil prices. In simple words, these countries used too much oil than expected and other countries suffered the consequences. So kung sisihan na lang, we should point our fingers at these countries, right? In basic economics, the solution to a price hike is to cut down the demand or add more supply. In theory, if we lessen oil consumption or produce more oil, either way will cut the prices. I wish it were that simple. Anyway, even if the oil price hike has been resolved, we still have to deal with poverty, the irresponsible media, the corrupted officials, the value-added tax, the global warming and yeah the Oust-Gloria campaign. Hay buhay.
Ayoko na mag-isip. Let's all move to another planet.
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