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                    [ArticleID] => 87850
                    [Title] => Herrera backs compromise on Oil Exchange
                    [Summary] => 

Rep. Ernesto Herrera (Lakas, Bohol) supported yesterday a compromise suggested
by The STAR columnist Federico Pascual on the proposed establishment of an oil
exchange.

"The compromise effectively cancels out all the major objections (of the oil
companies and administration officials) to the proposed oil exchange," Herrera
told a news conference.

He said Petron, one of the three big oil firms in the country, was reportedly
in favor of Pascual's suggestion.

The creation of a National Oil Exchange Corp. was proposed by Rep.
                    [DatePublished] => 2000-05-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 100876
                    [Title] => Tiaoqui douses cold water on interim oil committee
                    [Summary] => 

Energy Secretary Mario V. Tiaoqui said that forming the Interim Oil Committee
(IOC) is a duplication of functions and that reapplying the automatic pricing
mechanism (APM) for petroleum products would only result in higher prices.

He said that the Department of Energy (DOE) is doing exactly what the
proponents of the IOC are recommending.

"We have daily monitoring of crude oil prices, including the local oil
company's cost and volume on a monthly basis," he said.

At the same time, the government agency is said to be neutral on the issue of
taking sides.
                    [DatePublished] => 2000-02-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [2] => Array
                (
                    [ArticleID] => 86799
                    [Title] => Estrada rejects oil exchange firm
                    [Summary] => 

President Estrada rejected yesterday a proposal in the House of Representatives
to create a National Oil Exchange Corp.
                    [DatePublished] => 2000-01-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
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NATIONAL OIL EXCHANGE CORP

Array
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                (
                    [ArticleID] => 87850
                    [Title] => Herrera backs compromise on Oil Exchange
                    [Summary] => 

Rep. Ernesto Herrera (Lakas, Bohol) supported yesterday a compromise suggested
by The STAR columnist Federico Pascual on the proposed establishment of an oil
exchange.

"The compromise effectively cancels out all the major objections (of the oil
companies and administration officials) to the proposed oil exchange," Herrera
told a news conference.

He said Petron, one of the three big oil firms in the country, was reportedly
in favor of Pascual's suggestion.

The creation of a National Oil Exchange Corp. was proposed by Rep.
                    [DatePublished] => 2000-05-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
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                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 100876
                    [Title] => Tiaoqui douses cold water on interim oil committee
                    [Summary] => 

Energy Secretary Mario V. Tiaoqui said that forming the Interim Oil Committee
(IOC) is a duplication of functions and that reapplying the automatic pricing
mechanism (APM) for petroleum products would only result in higher prices.

He said that the Department of Energy (DOE) is doing exactly what the
proponents of the IOC are recommending.

"We have daily monitoring of crude oil prices, including the local oil
company's cost and volume on a monthly basis," he said.

At the same time, the government agency is said to be neutral on the issue of
taking sides.
                    [DatePublished] => 2000-02-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 86799
                    [Title] => Estrada rejects oil exchange firm
                    [Summary] => 

President Estrada rejected yesterday a proposal in the House of Representatives
to create a National Oil Exchange Corp.
                    [DatePublished] => 2000-01-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
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)

abtest

Herrera backs compromise on Oil Exchange

May 5, 2000 - 12:00am

Rep. Ernesto Herrera (Lakas, Bohol) supported yesterday a compromise suggested by The STAR columnist Federico Pascual on the proposed establishment of an oil exchange. "The compromise effectively cancels out...

Headlines

Tiaoqui douses cold water on interim oil committee

By Ted P. Torres | February 27, 2000 - 12:00am

Energy Secretary Mario V. Tiaoqui said that forming the Interim Oil Committee (IOC) is a duplication of functions and that reapplying the automatic pricing mechanism (APM) for petroleum products would only result...

Business

Estrada rejects oil exchange firm

January 13, 2000 - 12:00am

President Estrada rejected yesterday a proposal in the House of Representatives to create a National Oil Exchange Corp.

Headlines