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Category: oil issues

Illusion of U.S support

Gloria Arroyo’s issuance of Executive Order 731 two weeks before her trip to the United States last month gives credence to talks that she was anticipating trouble that would be caused by soaring gas prices and she sought the support of U.S. President Bush in case she would have to resort to measures akin to martial law..

E.O. 731, issued June 7, 2008 but made public only last week is titled “Activating and Reorganizing the Energy Operations Board into the Energy Contingency Task Force Under the National Food and Energy Council”. It is based on the premise that “global clouds on the horizon are driving the cost of oil and food.”