asked at the APEC ceo summit what the aquino admin is doing to address the high cost of electricity in the philippines, the prez waxed euphoric about alternative sources:
There are substantial gas deposits—so enormous that they “dwarf” the Malampaya oil fields off Palawan—in disputed territories in the West Philippine Sea (South China Sea), President Benigno Aquino III said at the business leaders conference of the Asia-Pacific Economic Cooperation (Apec) forum. And by next year, the President said, a US firm would start operations in the gas-rich territory.
which should tell us that he’s really doing nothing about the high cost of electricity hereabouts, except dreaming that china would stand aside while the u.s. starts operations in the spratlys that would give us indigenous sources of power. fat chance.