The Danger of Arroyo Freezing Oil Prices in the Philippines

The Philippines’ President Gloria Arroyo has signed Executive Order 839.   This Executive Order mean for prices of oil in areas ravaged by typhoon in the Philippines to be fixed.
In so doing, the astute politician in Arroyo trumped her PhD in Economics.  Naturally, business groups in the Philippines want fuel price freeze lifted.
The price and [...]