CORTEZ: Bakit hindi naisip ng Pilipinas na magtayo ng teapot refineries tulad ng ng China?


brando-maso
The rise of independent “teapot” refineries has led to China increasing its crude imports by more than 1 million barrels per day.
 
Opo meroon nang tinagurian teapot refineries ang China.
 
Alam naman po natin na tea ang favorite drink ng mga kapatid nating Chinese at iba pang na Asia.
 
Dahil teapot, ibig sabihin nito ay small refineries lang pero malaki ang epekto sa intenational market.
 
BUY LOW SELL HIGH lang po ang maxim na sinusunod ng China na ginagabayan ng Communist Party.
 
Ang crude oil o hilaw na langis ay ipapasok sa China at ito ay idadaan sa teapot refineries para maging diesel at gasoline.
 
Ang diesel at gasoline naman ay pang export ng China sa Asia.
 
Import ng murang crude oil. Idaan sa teapot refineries. Export ng mas expensive na diesel at gasoline. Kta ang China ng malaki.
 
Bago ko ituloy ang tungkol sa teapot oil refineries ay malakas ang concern ng mga economic observers sa recession na nagaganap sa mayamang bansa ng Saudi Arabia.
 
The world’s largest oil producer and the leader of the OPEC cartel, Saudi Arabia, is now in recession as the economy contracted for two straight quarters in 2017. This development is ironic given that global oil prices have stabilized in the $50 per barrel range after falling dramatically from mid-2014 through early 2016. The country’s participation in the OPEC production cut is negatively affecting the economy despite the higher oil price. “The drag from oil production cuts will probably persist until the end of 2017 as Saudi Arabia continues to comply with the OPEC deal,” -Bloomberg Intelligence.
 
Nakakaranas ng recession ang Saudi Arabia! Isa sa pinakamayang bansa sa buong mundo ay may problema sa kanyang ekonomiya.
 
Ayon sa Law of Supply ang Demand, assuming all other things constant, kapag binawasan mo ang supply ng petrolyo sa merkado…tataas ang presyo nito dahil mataas ang demand.
 
Kaya lang, kahit nagbawas ng production ang Saudi Arabia ay hindi siya nag-gain positively.
 
Iyong void sa petroleum na iniwan ng Saudi ay pinasukan ng Iraq.
 
Kaya Iraq ang nagtaas ng production volume.
 
Binawasan ng Saudi ang export niya ng petrolyo sa United States, pero pinasok naman ng Iraq ang sales ng petrolyo sa United States.
 
Ang isa pang struggle ng Saudi Arabia ay ang kanyang non-oil economy.
 
May programa ang Saud Arabia na itaas ang income ng bansa sa non-oil sector ng ekonomiya.
 
Hindi nga lang maganda ang performance ng non-oil sector nila.
 
Ninety percent po ng income ng Saudi Arabia ay mula sa export ng petrolyo.
 
The government, for instance, is reportedly planning to phase out gasoline subsidies to allow prices to be more in line with the international market. This move will likely increase domestic prices by 80 percent.
 
Meroon palang subsidya ng gobyerno ng Saudi Arabia ang gasoline kaya mas mura ang gasoline kaysa mineral water!
 
Dito sa Pilipinas expensive ang gasoline kasi walang government subsidy.
 
Pero, expensive din dito sa Pilipinas ang mineral water!
 
Kung aalisin ang subsidy mula sa gobyerno ng Saudi Arabia ay magkakaroon ng 80 percent increase ng presyo sa domestic market. Hindi po maganda iyan!
 
Malaki ang magiging impact ng 80% price increase. Magkakaroon iyan ng domino effect at maraming maaapektohan.
 
Ang petrolyo mula sa Saudi Arabia at mula sa Russia ay bumubuo ng 58 percent ng daily supply ng buong mundo.
 
Alam niyo po ba na ang United States ang major oil export market ng Saudi Arabia?
 
Ang hindi natin alam ay may magandang relasyon na ang Saudi Arabia at Russia.
 
Tama po ang nabasa niyo. May economic relationship na ang Saudi Arabia at ang Russia.
 
So, huwag na kayo magtaka kung ang Pilipinas ay magkaroon ng mas malawak na economic relation sa Russia.
 
Kung silang dalawa ay nag-cooperate na hindi mag-export ng petrolyo ay kaya na nilang pahintuin ang mahigit kalahati ng mga industriya sa buong mundo na gumagamit ng petrolyo.
 
Fifty eight percent ng araw-araw na konsumo ng buong mundo ay mula sa Saudi Arabia at sa Russia.
 
Ang dalawang bansang ito ay top two sa oil proction. Silang dalawa din ang top two na may pinkamalalaking proven oil reserves.
 
Hindi katulad ng sa Pilipinas, hindi pa proven ang oil reserves ng Pilipinas. Prospective pa lang ang hope ng Pilipinas sa oil reserve.
 
Ang pag slow down ng oil production ng OPEC countries at Russia ay malaki ang negative effect sa mga palyers at stakeholders sa buong oil industry ng mundo.
 
Katunayan, meroon nang mga companies na involved sa hauling, trading, refining at iba pang sector ng oil industry, ang nag-delcare ng bankruptcy. Ang combined value ng mga nagdeclare ng bankruptcy ay $17 billion!
 
TEAPOT REFINERIES NG CHINA. Sa lahat ng pangyayaring iyan ay nariyan naman ang China na tahimik lang na nagpo-produce ng petrolyo.
 
The rise of independent “teapot” refineries has led to China increasing its crude imports by more than 1 million barrels per day (mbd), which has helped soak up some excess barrels on the global market over the past two years. However, China’s independent refiners have exacerbated the glut in refined products, particularly for diesel, much to the chagrin of refiners elsewhere in Asia that are struggling with shrinking margins, ayon sa report ng Columbia University’s Center on Global Energy Policy.
 
Tumaas po ang crude oil  import volumes ng China at sa loob na mismo ng bansa ito pinadadaan sa mga refineries.
 
Kung dati ay mga refineries ng gobyerno ang involved sa petrolyo, ngayon ay pumayag na ang gobyerno na mag-operate ang small private oil refineries.
 
Share kop o sa inyo ang isang part ng report ng ‘energyfuse.org’ tungkol sa teapot oil refineries ng China.
 
The rise of the “teapots”
 
Before 2015, the Chinese government tried to build up its national oil companies (NOCs)—large, state-owned behemoths that control much of the energy sector in China. In an effort to strengthen its national champions, longstanding government policy restricted crude access to independent refiners as a way of stifling competition. But beginning two years ago, Beijing took the opposite approach, hoping that competition would improve the performance of the NOCs.
 
China’s independent refineries, known as teapots, vary in size and structure, but the average capacity stands at about 70,000 barrels per day (b/d). Before 2015, they struggled from poor margins and restricted access to crude, putting them at the mercy of the NOCs. At the end of 2016, the Chinese government had approved quotas to 19 independent refineries, authorized to import 1.48 mbd of crude oil, adding a significant new source of demand on the global market. The crude imported by the teapots, for instance, exceeded the net crude imports of Spain in 2014, which Columbia University notes was the seventh largest importer at the time.

(more…)

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October 16, 2017 at 9:00 pm Leave a comment

4-Storey SM Mall Urdaneta to open next year 



By Mortz C. Ortigoza

URDANETA CITY – The four-storey SM Mall being constructed at a five- hectare land in Barangay Nancayasan here will be opened to the public next year, City Mayor Amadeo Gregorio Perez IV said.

SM Urdaneta City

ANOTHER SM MALL. The four-storey SM Mall is being constructed at Barangay Nancayasan Urdaneta City, Pangasinan and will be opened next year.
SM Prime Holdings, Inc. bought a five-hectare lot in the village after the plan to build a mall in a 10-hectare land in Barangay Anonas in Eastern Pangasinan, hit a legal snag.: MORTZ C. ORTIGOZA

This is the one being built near the 7-11. The other one that people are talking is located at Barangay Anonas,”  Perez said.

The SM retail store also faces food chain Chowking and another huge retail store CB Mall that would make the nearby national highway there prone to traffic congestion.

Wala tayong magawa bumili sila ng lupa,” he quipped. (more…)

October 15, 2017 at 7:46 pm Leave a comment

ORTIGOZA: What, no thieves at Davao’s Malls Park?


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I was taken-aback recently at the parking area of the U.S –  style S & R Warehouse Store in Davao City where my elementary classmate Ontoy Fabila vigorously assured me that the huge styrofoam box of boneless and smoked milk fish – the vaunted Dagupan City’s Bangus – I soldiered, er shouldered on as give away to kin and relatives and my bulky knapsack loaded at the carrier of his twin cab pickup truck Nissan Navara would be safe.

“Nobody will steal your belonging here in Davao City, come and join us inside for shopping with my cousin Truck Czar Don Junior Alba,” he assured me at the membership-shopping club modeled after the warehouse chains introduced in the United States.

He explained that even during the time of then mayor Rodrigo Duterte sneaking thieves and intimidating robbers did not take the belongings of other people in a parking space like the one at the S & R.

I surmised that would-be culprits were afraid to stash shoppers belongings at the park otherwise they would die in case the cops nabbed them,” I told Ontoy and Junior who were scouring for imported liqueur they are going to quaff  with wide eyed peasant friends in M’lang, Cotabato Province and before the start of our school’s global reunion. (more…)

October 15, 2017 at 7:43 pm Leave a comment

BIR Central Pangasinan backs as Top Collector


 By Mortz C. Ortigoza

 CALASIAO – After several months of exerting efforts to surpass its tax target, the premier tax agency in Region -1  landed top 3 among  offices that hit their tax collection goal.

According to Revenue District Chief -4 Chief Merlyn Vicente, her office exceeded by P27, 901,656.17 or 8.02% increase its tax target of P375, 747,656.17 by collecting  P347, 846,000 amid the lethargic business atmosphere in the two cities and 13 towns in Central Pangasinan.

 Tax target is given by the national government as indicator for all revenue district offices in the country to collect the new national tax target for this year.

RDO-4 collected P286, 258, 068.99 on August 2016.

Despite the shortfall in the past, Vicente and her hardworking staff soldiered on by exceeding the July and August tax targets and those in the same months last year. (more…)

October 15, 2017 at 7:37 pm Leave a comment

  PVAI calls on Korean veterans, kin to fill up forms for benefits


By Mortz C. Ortigoza
 
TAGUIG CITY – The PEFTOK Veterans Association, Inc. (PVAI, Inc) calls on veterans and kin of Filipino soldiers who fought in the 1950-1953 Korean War to fill up  a personal record as part of the files for their benefits.

PEFTOK stands for Philippine Expeditionary Force to Korea.

PVAI President Paterno Villoria said the records could be used to authenticate the claims for benefits the veterans and their great grandchildren can get from the South Korean Government.

(more…)

October 15, 2017 at 7:28 pm Leave a comment

COVERED COURT


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Pangasinan Fourth District Representative Christopher cuts the ceremonial ribbon during the inauguration of Banaoang covered court in Mangaldan with Mayor Bona Fe de Vera-Parayno and other barangay officials on Sept. 29. In his speech, de Venecia stressed he prioritizes such project which serves as venue for people’s cultural, social, sports and economic activities

October 10, 2017 at 9:18 am Leave a comment

Traditional media industry embrace digital technology


By Yolanda Sotelo

BAGUIO CITY – The traditional media industry has embraced and adapted the digital technology but has not left behind their established platforms, creating what they call a “media ecosystem” that connects to a larger audience.

The media ecosystem includes radio, tv, online newspapers, social networks and other means that are used to provide information and push products through advertisements.

During the Media Congress held here on September 6-9, traditional media players denied the demise of the platforms, although they all agreed that digital technology has pushed them to embrace the “new media” so as to not be left behind.

The print industry, challenged by the technology, is trying to  redefine its role  in an increasingly digital world, said Barbie Atienza, president of the United Print Media Group.

“Locally, we have seen how print media try to adapt and evolve by keeping in steps to changes brought by digital era. It is a natural progression that all in the industry must all embrace so as to not be left behind,” he said.

Atienza said t was true that the traditional media is facing struggles, but is not about to die yet.

“In fact we are serving more than ever. The mindset of the publishers is to create more engaging contents and at the same time, redefine (our roles). The publishers have been actively catching the attention of a new generation of (new readers) based on how they consume media,” he said.

But catching new consumers does not mean leaving out old readers “as we are serving them  evenmore.”

Print media is focusing on the rich and underserved market – the midlifers who usually have the time to read and the money to spend.

Television has likewise adapted the new digital technology to push information and gain viewership, said Chot Reyes, chief executive officer of TV5.

He admitted that the rise of digital age drastically changed how people  consume media contents, “and no other industry is affected  more than our industry which is free tv.”

This is because “given the nature of the medium, the currency of tv is ‘appointment viewing’” as opposed to the currency of the digital era which is “live viewing.”

“As a network, the challenge now is to adapt to the digital world and TV5’s strategy is to deliver the right content to the right audience on the right platform at the right time,” Reyes said..

TV5, which Reyes described as “undisputed number 3 network in the country,”  floats above the water through sports programs, “the last bastion of appointment viewing,” specifically the PBA games shown from Thursdays to Sundays.

But it is not only PBA that has proven strong on appointment viewing, but also other sports like boxing, martial arts and others.

The sports fans rely on numerous platforms to satisfy their fandom, and TV5 has built its own ecosytem around tv to provide social, editorial and media contents designed to enhance the viewing experience.

“Every piece of content initiated on ground and on air and is amplified online and on social. This to to ensure that the audience and brand benefits from well orchestrated 360 degree visibility system,” Reyes said.

Radio seemed to have benefitted most from the digital technology.

Vince Jaen, director of the Talent Management Group of Manila Broadcast Company, said when he was a disc jockey, the only engagement of the dj to the listeners is through one telephone.

“The phone rings, you answer. You put down the phone and wait for the next call,” he said.

But these days, djs have several monitors in front of them and they engage in several platforms at the same time, he said, showing a dj with eight screens in front of her which she uses to engage her audience.

The programs are also broadcast live and can be watched through and app, or even facebook.

Also before, when djs signed off, “it meant we are gone, its goodbye and there are no more engagements with the listeners until the next day.”

Now, djs party after signing off and engage their audience 24/7.

“But one thing remains constant, and that is the audience. We always had a big audience and is growing because radio has evolved into something exciting. In fact, today, we are not just broadcasters anymore, but influencers,” he said.

Jaen gave as example broadcaster Lloyd Cadena, who has 4.5 million followers on social media, as one of “influencers who are different from usual digital media influencers because they have radio programs  and they can ask their audiences to consume their contents,” he said.

(more…)

October 9, 2017 at 4:52 pm Leave a comment

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