Oil Deregulation in the Philippines

Topics: Petroleum, Peak oil / Pages: 36 (8799 words) / Published: Dec 1st, 2013
An Assessment Whether the Downstream Oil Industry Deregulation Act of 1998
Violates the 1987 Constitution

A Thesis Proposal

In Partial Fulfillment
Of the Course Requirements in
DOCULMG

2013
TABLE of CONTENTS

INTRODUCTION
Background of the Study .………………………………………………………………………... 3 Statement of the Problem ………………………………………………………………………... 6
Objectives of the Study …………………………………………………………………….......... 8
Significance of the Study ………………………………………………………………………… 9
Scope and Limitations of the Study …………………………………………………………… 10

REVIEW OF RELATED LITERATURE Competition Policy ……………………………………………………………………………... 12 Transition from R.A. No. 8180 to R.A. No. 8479 ……………………………………………. 14 What People, Groups Say about the Oil Deregulation Law ………………………………. 21 State of the Oil Industry Today ………………………………………………………………... 25

RESEARCH FRAMEWORK ………………………………………………………………………….. 35

BIBLIOGRAPHY ……………………………………………………………………………………….. 37

I. INTRODUCTION

A. Background of the Study

Contained in a November 5, 1997 Supreme Court decision, which deemed the first oil deregulation law, the Republic Act No. 8180, to be unconstitutional1, is a brief history of the Philippine oil industry.

Due to an oil crisis ' occurrence in 1997, the government created the Oil Industry Commission (OIC) to regulate the goings-on of businesses working with oil. 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. To break the foreigners ' control, with President Marcos ' initiative, the Philippine National Oil Corporation (PNOC). PNOC, operating as PETRON, was the first Philippine-owned Corporation in the market.

The Oil Price Stabilization



Bibliography: Tatad v. the Secretary of the Department of Energy, G.R. No. 124360, Nov. 5, 1997 Lagman v Garcia v. Corona, G.R. No. 132451, Dec. 17, 1999 H.B Competition Policy, available at http://www.apeccp.org.tw/doc/Philippines/Competition/phcom1.html (last accessed Jul. 30, 2013) GMA News, Militants set protests vs Carla N. Canet & Teresa Ellera, Nullification of Oil Deregulation Law sought, available at http://www.sunstar.com.ph/bacolod/local-news/2011/09/23/nullification-oil-deregulation-law-sought-180970 (last accessed Jul. 30, 2013) Rev Richard Freeman & John Hoefle, LaRouche: Bankrupt Speculators With $25 Per Barrel Oil, available at http://www.larouchepub.com/other/2004/3123oil_speculation.html (last accessed Jul. 30, 2013) F

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