ibonreads

Oil Monopoly

In IBON Infomaterial on March 12, 2012 at 6:23 am

Who profits from endless oil price increases? According to the Department of Energy, 8 of 10 gasoline stations belong to the Big Three.

8/10 gasolinahan, sa Big Three

 

Out of 10 liters of oil in the market, 8 belong to the Big Three.

The Big Three are Shell, Chevron and Aramco, which own majority portions of Pilipinas Shell, Caltex and Petron, respectively.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: