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PIA Press Release
2005/08/29

Velasco dares info officers to start enercon campaigns

by Rey Anthony Chiu

Tagbilaran City (29 August) -- Philippine Information Agency Director General Renato Velasco dares local and government information officers to start a massive and systematic information dissemination program on energy conservation (enercon) to help the government mitigate the crippling effect of a global oil crisis.

Speaking before the annual convention of Regional Association of Development Information Officers (RADIO) at the Bohol Plaza Resort, August 25, 2005 Velasco said there is a much worse crisis looming other than the political crisis being brewed in the "circus in Congress".

Velasco stressed that the rise in oil prices is not determined by any government policies but of the law of supply and demand.

The prices of commodities are often dependent on the law of supply and demand, which simply means that when there is abundant supply and low demand for it, the prices of the commodity would be low. But when there is low supply and the demand is great, prices tend to go up.

Economies of China and India alone have almost doubled in the past year, shared Velasco. This led to a sudden surge in demand for additional fuel, which affected the world markets.

"Social and political unrest in the Middle east also contributed to the problem," added Velasco.

The sparks of war in the Middle east hampered continuous oil operations, and outputs from the region could not cope up with the rising global demand.

Velasco also hinted another major factor, the upcoming winter.

He explained that cold temperatures in winter forces communities to turn on heaters, burn more fuel to keep people warm and cozy. This will also affect the oil demand and naturally the price in the world market.

In this light, Velasco urged information officers to disseminate enercon measures in their areas to buffer the impact of the crisis.

The country is about 90% to 95% dependent on imported fuel, he said and this fact puts the country smack into the path of the global problem. (PIA) [top]

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