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                    [ArticleID] => 96388
                    [Title] => DOE chief nixes oil exchange
                    [Summary] => Energy Secretary Jose Isidro "Lito" Camacho sees  no need for a so-called national oil exchange, saying this will run counter to the oil deregulation law’s objective of allowing market forces to prevail in the country’s oil industry.


"The (oil deregulation) law already provides, I think, the ample protection to promote an open market system in the oil industry. I think, it is better to leave it to market forces. Perhaps the concept of an oil exchange might bring us to an era of unified purchasing," Camacho said.


                    [DatePublished] => 2001-03-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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FORMER ENERGY SECRETARY MARIO TIAOQUI

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                    [ArticleID] => 96388
                    [Title] => DOE chief nixes oil exchange
                    [Summary] => Energy Secretary Jose Isidro "Lito" Camacho sees  no need for a so-called national oil exchange, saying this will run counter to the oil deregulation law’s objective of allowing market forces to prevail in the country’s oil industry.


"The (oil deregulation) law already provides, I think, the ample protection to promote an open market system in the oil industry. I think, it is better to leave it to market forces. Perhaps the concept of an oil exchange might bring us to an era of unified purchasing," Camacho said.


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DOE chief nixes oil exchange

By Donnabelle L. Gatdula | March 14, 2001 - 12:00am

Energy Secretary Jose Isidro "Lito" Camacho sees no need for a so-called national oil exchange, saying this will run counter to the oil deregulation law’s objective of allowing market forces to prevail...

Business