Rizal, Philippines | April 28, 2014
In my conversation with a professor from AIM, he says that fuel, paraphrasing the microchip guru Noyce, says that fuel prices are seen to double every ten years.
Somebody in the conversation anticipates that fuel prices are likely to go down. I disagreed; what with the Syria, Israel Palestinian conflict, not to mention Ukraine. Unstability always contribute to rising fuel prices (Sometimes I think it is a ploy to increase fuel prices and for oil companies to increase profits. The sad reality that we are fast losing production of oil wells, more oil grounds are being limited as in Alaska.
Thus we must see less of activists wanting govts to subsidize fuel prices, or bring down fuel prices. We must be realistic to accept that does not recognize reality, and reflects very poor understanding of world economy
