- 2 days ago
Senator Rodante Marcoleta walked out of a Senate hearing on Thursday, March 26, after expressing frustration over the Department of Energy’s monitoring of oil prices.
Marcoleta questioned the agency’s oversight during the Senate PROTECT Committee hearing, eventually standing up and leaving the session in apparent irritation.
Marcoleta questioned the agency’s oversight during the Senate PROTECT Committee hearing, eventually standing up and leaving the session in apparent irritation.
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00:00If you are screening, if you are monitoring, okay, sabihin na natin yung replacement cost.
00:06O, hali kayo mga kaibigan. Pwede nyo ba dalin yung inyong mga ICP o?
00:11Tingnan natin kung magkain. Saan nyo binili?
00:13O, binili natin kay ganito. Ito po yung presyo. At least chinik natin.
00:18Now, I am masking you. Nag-check. Sabihin nyo, hindi.
00:21So, ano yung monitoring?
00:26This is the frustration, Mr. Chair.
00:30Salamat po.
00:31Mr. Chair.
00:35Mr. Balbuena, you want to interject?
00:38Ba't ka aalis kung frustrated ka? Wala kang sagot na nakuha.
00:41Ha?
00:44Bakit ayaw? Kanina pang ilang oras na tayo dito, wala pa rin sagot.
00:47Mr. Chair.
00:48Go ahead.
00:49Salamat, Chair.
00:53Ako po ang pinakamahirap ang kalagayan dito eh.
00:56Hindi ko maalaman paano ako makapagpaparticipate kung ang pinag-uusapan ang laki-laki na ng problema.
01:03Ang sinasabi ko naman, mayroong recourse kasi kamukha nung ibinigay kong mga slides.
01:09Kung paniniwalaan po ninyo yung mga data na yun, wala tayong pinag-uusapan ngayon eh.
01:13Yun ang problema eh.
01:15Ang isa pong irony, Mr. Chair, yung binanggit ng aking kumari, yung replacement cost.
01:27Okay?
01:27Gusto kong balikan yun. I want to belabor that kasi yung pong nakaraang hearing natin last Tuesday,
01:34maliwanag po na sabi ninyo, DOE, meron tayong 46 days for diesel at that time.
01:41Tuesday po ito.
01:44Sa kerosene naman, meron tayong 53 days.
01:47Ang pinag-uusapan natin doon, after 15 days,
01:52mula nung sabihin ng Pangulo na meron tayong 50 to 60 days inventory,
01:58biglang pumalo sa 110 pesos per liter.
02:04Ngayon, sabi nyo kanina, meron kayong monitoring function under RA 8479.
02:12Pwede rin nyo gamitin yung EO 839.
02:16Meron kayong pwedeng gawin na mag-issue ng SOCO's order.
02:21Ano po yung unan nyong ginawa?
02:23Tinindang nyo ba kung anong basis ng 110?
02:27Iyon po yung gusto kong balikan eh.
02:30O bigla na lang kayong naniwala,
02:33hindi kayo nag-validate,
02:36dati po nilang inventaryo yun eh.
02:38Paano po magiging 110 from 55?
02:41So kung ginamit po ninyo yung tungkulin nyo under the law,
02:45like kayo nagmamonitor,
02:47ini-screen ninyo lahat,
02:50did you ask them to present,
02:52for example, documents na
02:54to validate na kailangan 110 na per liter?
03:00Kinuha nyo ba yung mga dokumento sa kanila na
03:04bumili na ba on the replacement cost ang basis?
03:07Paano po nangyari yun?
03:08Na inventaryo po ang pinag-uusapan natin.
03:11Wala pa naman eh.
03:12Ang problema kasi sa replacement cost kasi,
03:14Mr. Chair,
03:16eh kahit na wala pa yung
03:18yung ibibili nila
03:20sa susunod na kanilang pagbili,
03:22eh dapat nandoon na yung
03:24cost na dinidictate nung Argus
03:26at saka nung MAPS.
03:28Eh yun yung problema eh.
03:30Ito pong replacement cost, Mr. Chair,
03:32konektado po doon sa sinasabi nating
03:34Rockets and Feathers Irony.
03:37Ano po ibig sabihin nun?
03:39Ito pong Rockets and Feathers Irony
03:42focuses on the asymmetry of pricing.
03:47Where prices shoot like rockets
03:50when the global prices rise.
03:54But they fall like feathers
03:59when they drop.
04:01Ganon po eh.
04:03Sino po yung tinatamaan,
04:05di ba?
04:05Yung taong bayan.
04:08Can you explain that?
04:11Paano po naging 110
04:12nang hindi nyo man lang nababalidate?
04:20Thank you very much.
04:22I mentioned to the director
04:24of the Oil Industry Management Bureau
04:25is to submit
04:26how the OIMB
04:28does its monitoring.
04:30But to answer it precisely,
04:31we can have...
04:32after two weeks naging 110.
04:36So did you confirm that?
04:37Did you validate that?
04:39Na talagang bumili sila?
04:40At 110 pesos per liter?
04:45O ginamit pa lang nila
04:46yung kanilang inventory?
04:48Because at that time,
04:49meron pa silang 46 days for diesel
04:51and 53 days for gasoline?
04:59Mr. Chair,
05:03because we always have
05:05the cyclic
05:08differential cost application...
05:11May hihirapan ka dyan
05:12pagka dyan ka tumira eh.
05:13Ganito sinasabi ko.
05:14Meron pa silang inventory.
05:16You take note.
05:1746 days pa.
05:19Last hearing ito eh.
05:20Ibig sabihin,
05:21andun pa yung binili nila
05:22sa dating presyo.
05:24Ngayon,
05:25after two weeks,
05:26bigla nilang
05:28sumirit.
05:30Sabi nga nila.
05:31110.
05:32Na ngayon,
05:33ang nag-aabrasya ng 126.
05:35Paano nyo minonitor?
05:37Paano nyo binalidate?
05:39Na totoo yun.
05:40Samantalang ang ginagamit pa nila
05:42ay inventory pa nila
05:43na binili
05:44doon sa dating presyo.
05:47Mr. Chair,
05:48because basically,
05:49basically,
05:50it's like saying
05:51that the diesel
05:51we consume
05:53is around
05:5330,
05:5533
05:56million
05:57liters
05:58per day.
06:01So,
06:02mga
06:02seven days po yan.
06:05At pag
06:05yan ho
06:06ang nabenta,
06:09they always,
06:10the industry always...
06:11After two weeks ba?
06:12Naubos na yung
06:13kagad ng inventaryo?
06:14E 45?
06:15Yung dumadating
06:16pagka next week.
06:17Hindi,
06:18teka mo,
06:18ampuntahan muna natin
06:19yung inventaryo nila.
06:21After two weeks ba
06:22naubos ang inventaryo?
06:23Is that the assumption
06:24of DOE?
06:25No,
06:26it's around seven days.
06:27Saan binasi yung 110?
06:28That is the question.
06:31Mr. Chair,
06:32because they have to
06:34replenish again
06:34the seven days...
06:36Yusek,
06:37hindi ka,
06:38Director,
06:41after two weeks,
06:42nandun pa yung
06:42inventaryo.
06:44Yes?
06:45Okay.
06:47Pero after two weeks,
06:48110 na nga
06:49ang ginamit eh.
06:50So,
06:50inventaryo pa rin
06:51ang ginamit.
06:52How did you
06:53justify that?
06:56Because,
06:57Mr. Chair,
06:58yung binenta kasi na yun
07:00will have to be replaced
07:01right after next week.
07:04So,
07:05kinulekta ho yung amount...
07:06So,
07:06ang nangyari,
07:07ang nangyari,
07:08ang nag-finance
07:09ang taong bayan.
07:12Hindi,
07:12sabihin mo,
07:13hindi yung...
07:14That's the way...
07:15Ulitin mo yung sinabi mo.
07:17So...
07:17Hindi,
07:17ulitin mo yung sinabi mo.
07:18Yes,
07:19it's really...
07:20Hindi,
07:20yung exactly.
07:21It's passed on to...
07:22Yan na nga eh.
07:24Eh,
07:24paano yung mga shareholders nila?
07:25Hindi sila gumagalaw?
07:27Ang taong bayan
07:28ang nagkakapitalay sa atin?
07:31Nandun pa yung inventaryo eh.
07:33Ito yung problema eh.
07:34Ngayon,
07:34hindi nyo ginagamit yung
07:37sinasabi ng batas na
07:40in periods of emergency,
07:42kayo ang gagawa ng paraan eh.
07:44As a matter of fact,
07:44pwede nyo i-takeover eh.
07:46Hindi naman yun ang...
07:47Hindi naman yun ang...
07:50sinasuggest ng committing ito eh.
07:51We're all finding solutions to this.
07:53Pero itong mga questions na ito,
07:55kasimple lang,
07:55hindi nyo man kayang sagutin.
07:58Mr. Chair,
07:58we would like to clarify
07:59that we are not here
08:00to dispute the business models
08:02of our oil companies.
08:03As a matter of fact,
08:04we are thankful for
08:05their sacrifices
08:06for this country.
08:07Kaya lang,
08:09it would appear
08:10that the business models
08:11are no longer responding
08:12to the crisis.
08:13Kung paniniwalaan natin
08:15yung binabanggit ninyong
08:16problema kinakarap natin.
08:18But until and unless
08:19we're able
08:20to validate
08:21yung data
08:22na pinreset ko kanina,
08:23we're almost 4 hours now
08:25since 10 o'clock
08:26in the morning.
08:27Eh pwede...
08:28Pwede nga yung tank...
08:30Bessel to tank eh.
08:32Eh gamitin nyo siguro
08:34Panamax Bessel.
08:35Ang ano nyan siguro
08:36is about
08:36100,000 metric tons
08:38per container.
08:43Wala naman
08:44nagbabalidate po
08:45Mr. Chair eh.
08:46Para sana uwi na lang ako.
08:47If you prove me wrong,
08:49alimbawa,
08:49mali yung nakuha kong
08:50information,
08:52so magsosorry na lang ako
08:53Mr. Chair.
08:56Pwede naman ako
08:56magsorry kung mali eh.
09:00And then,
09:00ahabulin ko na lang
09:01yung tao ko,
09:01yung kaibigan ko
09:02na nagsabi sa akin
09:03ng ganun.
09:04Bakit mo sinabi ito?
09:05Mali pala.
09:06Kasi gusto ko lang
09:07makatulong talaga eh.
09:09I wanted to be wrong
09:10kung mali talaga.
09:12But you have to
09:13prove me wrong.
09:18Government to government,
09:19hindi nga dapat
09:20mangyari yung pumunta.
09:21Andun nga yung
09:22tanki.
09:24Yung mga tanki
09:25ng dalawang refineries.
09:27Rotterdam refineries
09:28produces, I think,
09:291.2 billion barrels
09:31ah, yes,
09:32per day.
09:34At nandun
09:35ang kanilang tanki
09:36sa Singapore.
09:37Petronas also,
09:38andun ang tanki
09:39nila.
09:39Ayun po yung
09:40kanilang presyo.
09:42No,
09:42nobody is reacting
09:43to this.
09:44Pinag-uusapan natin
09:45yung problema
09:46at yung mga measures
09:47na gagawin natin
09:48without even
09:49going back
09:50and checking
09:50whether those
09:51data are valid
09:52or not.
09:56So,
09:56paano yung
09:57replacement cost?
09:58I already told you,
10:00kung papayagan natin yun,
10:02after three weeks,
10:04or after two weeks,
10:053 billion pesos
10:06per day.
10:09Did you check this?
10:12You see?
10:14Okay.
10:15No,
10:15did you check
10:15that it's 3 billion pesos
10:17per day
10:17ang income?
10:18Pim-reset ko kanina.
10:25But the collection
10:26this week
10:27was also used
10:28to purchase
10:29the level,
10:31the even higher level
10:32of
10:34products.
10:36Kinuha mo na
10:37kagad kasi
10:38dapat sana
10:39there should be
10:40a point
10:40where the
10:40replacement cost
10:41should begin.
10:43Saan ba
10:45magsisimula?
10:46The inventory
10:46should end
10:47where
10:48the replacement
10:49cost
10:49should begin.
10:51Ang nangyayari,
10:52ito nga,
10:54binil nyo na
10:55kagad
10:55ang taong
10:56bayan,
10:56110 kagad,
10:57two weeks,
10:58and nandung pa
10:58ang binenta ninyo
10:59i-sarili nyong
11:00inventaryo.
11:01So,
11:02it is the public,
11:03it is the poor public,
11:04and si Mr.
11:06Boss,
11:06ano nang pangalan mo?
11:08Si Mr.
11:09Balbuena kanina
11:10pa naglulupasay.
11:14So,
11:17Mr. Chair,
11:18Mr. Chair,
11:24we're not saying
11:25that
11:25that is right
11:27in the
11:28business,
11:29the way it's
11:29now deregulated.
11:30But you're not
11:31answering my question,
11:32Director.
11:33Sagutin mo muna eh.
11:35It's the
11:353 billion
11:36pesos
11:37per day.
11:39One month lang ito eh.
11:41So,
11:41per day ito,
11:423 billion.
11:43Yes,
11:43Mr. Chair,
11:44if the perspective,
11:45because it's a matter
11:46of perspective,
11:47if the perspective
11:47is to
11:48ensure
11:49that the
11:50seven days
11:52used up
11:53this week
11:54will be replaced
11:55by next week
11:56immediately,
11:57then the oil company
11:59has to collect
12:00that
12:00level of
12:01collection
12:02to be able
12:04to purchase
12:04the seven days
12:06replacement
12:06so we can
12:07always go back
12:08to the 45
12:09to 50 days
12:10supply.
12:11But if the
12:12perspective,
12:13again,
12:14if the perspective
12:14is you want
12:15to use up
12:15the 53
12:16before you
12:17replace it,
12:19and that is
12:20very dangerous,
12:21then
12:22I think we can
12:23exhaust the 53
12:24at that lower price.
12:26But the problem
12:27is if
12:28their gun
12:29and the
12:30collection
12:30is very low,
12:32you can
12:32no longer
12:33replace the
12:3353
12:35days.
12:36So,
12:37it's really,
12:38that's how
12:39they're explaining
12:40also,
12:42Caltex
12:42was also
12:43explaining that
12:44in the same way.
12:44But you're
12:45proceeding
12:46from the wrong
12:47premise.
12:47Ang sinasabi
12:48ko mulat
12:48mula pa,
12:49ang pinag-uusapan
12:50ninyo,
12:50maps and
12:51indicators
12:51coming from
12:52the Argus,
12:53okay?
12:54Yun ang
12:54basis
12:55ng replacement
12:56cost,
12:57okay?
12:58Ito yung spot
12:59market ninyo,
13:00itong trading
13:00floor ninyo.
13:02Ang sinasabi
13:03ko,
13:04after two
13:05weeks pa
13:05lang,
13:06and considering
13:07na meron pa
13:07kayong 46
13:08days and
13:0953 days
13:10for diesel
13:10and gasoline
13:11respectively,
13:13kumulikta
13:13na ng
13:143 billion,
13:15kumita
13:16na ng
13:163 billion
13:17pesos
13:17per day,
13:18which
13:19was bankrolled
13:20by the people
13:20themselves.
13:22This is
13:22the irony.
13:24Ngayon,
13:24ano yung
13:25role ninyo
13:26in the
13:27period of
13:27emergency
13:28and national
13:29interest
13:29is involved
13:30already?
13:31Eh,
13:32pati,
13:32pinag-uusapan
13:33pa natin
13:33yung replacement
13:34cost na
13:34kagad.
13:35Ito muna
13:35ang sagutin
13:36ninyo,
13:36is it
13:37reasonable?
13:38Is this
13:39reasonable
13:39in two
13:40weeks'
13:40time?
13:41Mr.
13:42Chair,
13:42again,
13:43it's a
13:43matter of
13:43perspective.
13:44When the
13:45law says
13:45that we
13:46may direct
13:46the
13:47operation,
13:48we have
13:49to be
13:49mindful of
13:50the,
13:51again,
13:51on price,
13:52we have
13:53to be
13:53mindful
13:53of
13:55allowing
13:56the oil
13:56company
13:57to be
13:57able to
13:58replace
13:58it on
13:58a weekly
13:59basis.
14:00saran natin
14:00ang argumento.
14:02Did you
14:02check the
14:03oil
14:04companies?
14:05Kinuha nyo
14:06yung document?
14:07Kanino yung
14:07binili?
14:08Makikita nyo ba
14:09kung magkano
14:10binili?
14:10Did you
14:11check that?
14:13Have you
14:13done that?
14:16Not in that
14:17time?
14:18Eh,
14:18paano
14:18mo sasabihin
14:19ngayon?
14:21Katungkulan
14:21nyo nga
14:21yun,
14:22if you
14:22are
14:22screening,
14:23if you
14:23are
14:23monitoring,
14:24okay,
14:24sabihin
14:24na natin
14:25replacement
14:25cost.
14:26O,
14:26hali
14:27kayo
14:27mga
14:27kaibigan,
14:28pwede
14:28nyo
14:29bandalin
14:29yung
14:29inyong
14:29mga
14:31ICP,
14:31tingnan
14:32natin
14:32kung magkano,
14:32saan
14:33nyo
14:33binili?
14:34Binili
14:35natin
14:35kay ganito,
14:36ito
14:36po yung
14:36presyo,
14:36at least
14:37chinik
14:38natin.
14:39Now,
14:39I am
14:39masking
14:39yun,
14:40nag-check,
14:40sabihin
14:41nyo,
14:41hindi.
14:42So,
14:42ano yung
14:42monitoring?
14:47This is
14:47the frustration,
14:48Mr. Chair.
14:50Salamat po.
14:52Mr. Chair?
14:53Senator,
14:54ah,
14:55si Mr.
14:56Balbuena,
14:57you want to
14:57interject?
14:58Ah,
14:59ba't ka aalis
14:59kung frustrated ka,
15:00wala kang sagot
15:01na nakuha?
15:02Ah.
15:03Huh?
15:05Bakit ayaw?
15:06Eh,
15:06kanina pang ilang
15:07oras na tayo
15:07dito,
15:07wala pa rin
15:08sagot?
15:08Mr. Chair,
15:08go ahead.
15:19Oh,
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