Oil companies and Meralco: Big Players with Big Kapalmuks

Why do giant oil companies find it very hard to rollback oil prices, when small players can do it without batting an eyelash? Answer: they pay big bucks to government to protect their asses compared with what small players give as "tongpats". Remember that Shell, Caltex and Petron executives report to their global asses...err...bosses and they must report big profits; otherwise, as what Senator Kiko Pangilinan says they might as well abandon this tiny republic.

The energy undersecretary this morning admitted on national radio that these giant oil companies can't ask for recovery from losses anymore simply because they already re-coup whatever they incurred since July 2008. So, why are these giant oil companies still refuse to bring back oil prices to respectable levels.

Same as Meralco. You know, this crafty, little old abuser demands a 5-peso increase in their rates this month. I remember when GSIS President Winston Garcia was lambasting them and nearly acquired Meralco, the Lopez-owned utility firm justified the high price of electricity with the high prices of oil. Now that oil prices are falling, why is Meralco demanding for a rate hike? Kapal naman ng mukha ng Meralco!

We have the highest electricity rate and the highest gasoline and diesel prices in the entire Asia! These profiteers are doing their stuff to the detriment of the suffering masses.

Come to think of it...it's not only them who deserve the people's justice. We also must militate against food and rice traders who continue to sell high prices despite the falling global food prices. These people are so brazen in fooling us simply because we allow them to. It's time for the people to hit back at these people, especially Meralco. Meralco is the most vile utility firm ever to walk the face of this country. It should be partitioned and its franchise revoked by this government before it further cause destruction to the lives of the people.