The Philippines is literally getting screwed in this global energy crisis, and it is largely due to a lack of preparation.
President Duterteโs administration proposed the building a Strategic Petroleum Reserve (SPR) back in 2022 when oil prices started climbing on the heels of Russiaโs invasion of Ukraine.
Inaction by the Department of Energy and lack of interest from the majority of lawmakers (save for the few who proposed it) have left the country fully exposed to the chaos unfolding in the global energy markets today.
The Philippines had all the opportunity to build a formidable SPR as oil prices fell between 2023 and 2025. As a nation dependent on imports for almost all of its petroleum needs, it makes no sense for the Philippines not to have an SPR. This is common sense.
So if you hear leaders cast blame on global events for rising cost of living, understand that they had all the time in the world to mitigate the impact.
A busy life ๐
If your driving skills aren't good, avoid Yunnan, Guizhou, and Sichuan.
The accident occurred at 11:30 AM today in Zhenyuan County, Pu'er City, Yunnan Province.
The woman later posted online that she was unharmed, not even scratched.
#FrontlinePilipinas | Binabatikos ngayon sa social media ang umanoโy pagpapahinto sa isang ambulansya sa EDSA Busway. Ang sakay kasi na pasyenteng may Stage 4 cancer, pumanaw matapos ma-stress sa insidente. | via Gerard de la Peรฑa