Press statement of Senator Chiz Escudero on energy summit

Chiz on President Arroyo's plan to convene an energy summit

We must review oil deregulation law and study the following: Removing VAT, lowering tariff, re-imposing price ceilings and prohibiting price manipulation. We should also spend on research and development to find alternate and indigenous sources of energy. The summit will not accomplish anything other than to highlight the ignorance and incompetence of energy officials who need to call a summit just to find out what's going on.