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                    [Title] => A crisis of prices
                    [Summary] => The surge of the price of crude to beyond US$75 over the weekend instantly brought to mind a remark Energy Secretary Popo Lotilla made a few weeks back in his typically reassuring, unruffled, unflappable manner that our oil crisis was not a crisis of supply, but a crisis of prices.


 Popo was not kidding. US$75 – and  still skyrocketing! When all it takes is about US$18 to extract a barrel of the unctuous goop and then that same plain, unvarnished goop is sold at 400 percent – that is a little excessive, don’t you think?


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                    [AuthorID] => 1804859
                    [AuthorName] => Domini M. Torrevillas
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ENERGY SECRETARY POPO LOTILLA

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                    [Title] => A crisis of prices
                    [Summary] => The surge of the price of crude to beyond US$75 over the weekend instantly brought to mind a remark Energy Secretary Popo Lotilla made a few weeks back in his typically reassuring, unruffled, unflappable manner that our oil crisis was not a crisis of supply, but a crisis of prices.


 Popo was not kidding. US$75 – and  still skyrocketing! When all it takes is about US$18 to extract a barrel of the unctuous goop and then that same plain, unvarnished goop is sold at 400 percent – that is a little excessive, don’t you think?


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A crisis of prices

By FROM THE STANDS | By Domini M. Torrevillas | April 25, 2006 - 12:00am

The surge of the price of crude to beyond US$75 over the weekend instantly brought to mind a remark Energy Secretary Popo Lotilla made a few weeks back in his typically reassuring, unruffled, unflappable manner that...

Opinion