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Saturday, October 11, 2008

we got oil and inflation is levelling off.......

____________________
we got a few good news lately.
at least according to the government.
nonetheless, it's a
welcome thing in this turbulent
economic times....

____________________

1. The Galoc Oil Field off southwestern Philippines finally went onstream Thursday.

---Amid the gloom cast over the Philippine economic scene by the meltdown of the US financial market comes a ray of sunshine in the form of a fresh extraction of oil from the Galoc oilfield off Palawan at 10:45 a.m. today.

The fresh extracts confirm daily production projections of 17,000-20,000 barrels of oil in the first 90 days of operation, or about 6 percent of the country’s demand of 300,000 barrels a day, Executive Secretary Eduardo R. Ermita said in a statement.

He said that at 11:20 a.m. today (Thursday), the fresh oil extracts from Galoc were on board a Philippine vessel en route to “our local refineries”.

http://www.gov.ph/news/?i=22452

http://www.scandoil.com/moxie-bm2/news/first-oil-achieved-at-galoc-oil-field-philippines.shtml



2. The country’s “rising inflation is finally leveling off".

http://www.gov.ph/news/?i=22452


3. The Philippine financial system is not likely to crash like its American counterpart due to the conservative and prudent stance of local banks and monetary authorities.

http://ph.news.yahoo.com/star/20081010/tph-malaca-ang-strong-banking-sector-541dfb4.html


>>>>>good new's indeed.

thanks KUMAGCOW. I've known it first from your site.
_________________________

let's brace ourselves,
have faith in the Filipino
and work together to weather
the storm. KAYA YAN!!!

8 comments:

  1. Glad to know that the Philippines is an oil producing country now. Our country has more hope than my own existence, I guess. lol.

    ReplyDelete
  2. wow astig! may oil pala tayo biruin mo! ang yabang naman natin! hehehe! parang middle-east lang...:)

    peace out!

    @KJ: pati ba naman dito? hehehe!

    ReplyDelete
  3. kris---looks like you really are in trouble. be okay na ha....will visit you later.

    ReplyDelete
  4. RON---kaya nga e. hope we can find more. Palawan really is a very important part of the Philippines...

    ReplyDelete
  5. hey i have got a pagerank 1 blog site regarding mobile games and stuff, we can have a link exchange if you want, that would be helpful for both of us.

    my site: http://mobi123.blogspot.com/

    email: levisinside0@gmail.com

    ReplyDelete
  6. puma---let me see.

    Dong---yeah---let's cling on o what we have. concerted effort is what we need.

    ReplyDelete
  7. this was my lolo and dad was talking about years ago,

    they said pinas is gonna be in power daw because we'll produce oil!

    well the oil prophecy of my ninuno has come true... yung power na lang hintay

    ReplyDelete

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