Emergency powers talk again
| FRONTLINE |
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| Ninez Cacho-Olivares |
Emergency powers are again being brought up for Noynoy Aquino to address the impending oil crisis in the country.
This has been suggested by a senator, who said that the President as head of the National Economic Development Authority (Neda) has full powers, including pushing emergency powers.
But it must be asked why there is that need for emergency powers to address the oil crisis in this country, which may come soon enough, since the Mena area crises aren’t likely to be resolved soon.
So what is Noynoy to do with emergency powers should Congress grant him those powers? Bring the cost of oil down in this country? And how does he do it, even with emergency powers, given the fact that the skyrocketing oil prices are hardly under the control of Noynoy, or even Congress. Besides, the oil industry has been deregulated.
About the only way Noynoy can bring the prices down, emergency powers or none, is to provide subsidy, which is hardly a good idea, fiscal-front wise..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20110412com2.html
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