“The declaration of a state of national energy emergency will enable the government… to implement responsive and coordinated measures under existing laws to address the risks posed by disruptions in the global energy supply and the domestic economy,” stated Philippine President Ferdinand Marcos Jr. This urgent declaration comes as the nation grapples with the fallout from the US-Israel war on Iran, which has significantly impacted global energy markets.

The emergency declaration, which will remain in force for one year, allows the Philippine government to take decisive action against hoarding and profiteering of petroleum products. As of March 20, 2026, the country has only about 45 days of fuel supply remaining, prompting immediate measures to secure additional resources.

In response to the crisis, the government plans to procure 1 million barrels of oil to build its buffer stock. This move is crucial as the Philippines heavily relies on imported fuel to maintain its power plants, which generate approximately 60% of the nation’s electricity from coal.

To alleviate the burden on transport workers and commuters, the government is providing a 5,000 peso ($83) subsidy to motorcycle taxi drivers and public transport workers. Additionally, free bus rides are being offered to students and workers in various cities, aiming to ease the financial strain caused by rising fuel prices.

Sharon Garin, a key figure in the energy sector, remarked, “We talked to the generation companies, the coal-powered plants, to check how much they can increase their generation.” This highlights the government’s efforts to boost coal-fired power plant output to keep electricity costs down during this challenging period.

The emergency declaration also empowers the government to seek waivers from the US to obtain oil from countries currently under US sanctions, a move that underscores the urgency of the situation. The government is actively implementing coordinated measures to address energy supply disruptions, ensuring that the needs of the population are met amidst the crisis.

As the situation evolves, organizations like Piston have voiced their concerns, stating, “If the government genuinely intends to protect transport workers and commuters from this geopolitical crisis, it would immediately suspend the Excise Tax and Value-Added Tax on petroleum products to drastically lower prices overnight.” This call for action reflects the growing anxiety among transport workers who are feeling the pinch of escalating fuel costs.

With the national energy emergency now declared, all eyes will be on the government’s next steps in managing the energy supply crisis and ensuring that the needs of the Filipino people are prioritized during this tumultuous time. Details remain unconfirmed regarding the long-term implications of these measures on the energy landscape in the Philippines.

Сообщение National Energy Emergency Philippines Declared Amid Global Crisis появились сначала на justrealnews.

“The declaration of a state of national energy emergency will enable the government… to implement responsive and coordinated measures under existing laws to address the risks posed by disruptions in the global energy supply and the domestic economy,” stated Philippine President Ferdinand Marcos Jr. This urgent declaration comes as the nation grapples with the fallout from the US-Israel war on Iran, which has significantly impacted global energy markets.

The emergency declaration, which will remain in force for one year, allows the Philippine government to take decisive action against hoarding and profiteering of petroleum products. As of March 20, 2026, the country has only about 45 days of fuel supply remaining, prompting immediate measures to secure additional resources.

In response to the crisis, the government plans to procure 1 million barrels of oil to build its buffer stock. This move is crucial as the Philippines heavily relies on imported fuel to maintain its power plants, which generate approximately 60% of the nation’s electricity from coal.

To alleviate the burden on transport workers and commuters, the government is providing a 5,000 peso ($83) subsidy to motorcycle taxi drivers and public transport workers. Additionally, free bus rides are being offered to students and workers in various cities, aiming to ease the financial strain caused by rising fuel prices.

Sharon Garin, a key figure in the energy sector, remarked, “We talked to the generation companies, the coal-powered plants, to check how much they can increase their generation.” This highlights the government’s efforts to boost coal-fired power plant output to keep electricity costs down during this challenging period.

The emergency declaration also empowers the government to seek waivers from the US to obtain oil from countries currently under US sanctions, a move that underscores the urgency of the situation. The government is actively implementing coordinated measures to address energy supply disruptions, ensuring that the needs of the population are met amidst the crisis.

As the situation evolves, organizations like Piston have voiced their concerns, stating, “If the government genuinely intends to protect transport workers and commuters from this geopolitical crisis, it would immediately suspend the Excise Tax and Value-Added Tax on petroleum products to drastically lower prices overnight.” This call for action reflects the growing anxiety among transport workers who are feeling the pinch of escalating fuel costs.

With the national energy emergency now declared, all eyes will be on the government’s next steps in managing the energy supply crisis and ensuring that the needs of the Filipino people are prioritized during this tumultuous time. Details remain unconfirmed regarding the long-term implications of these measures on the energy landscape in the Philippines.

Сообщение National Energy Emergency Philippines Declared Amid Global Crisis появились сначала на justrealnews.

“The declaration of a state of national energy emergency will enable the government… to implement responsive and coordinated measures under existing laws to address the risks posed by disruptions in the global energy supply and the domestic economy,” stated Philippine President Ferdinand Marcos Jr. This urgent declaration comes as the nation grapples with the fallout from the US-Israel war on Iran, which has significantly impacted global energy markets.

The emergency declaration, which will remain in force for one year, allows the Philippine government to take decisive action against hoarding and profiteering of petroleum products. As of March 20, 2026, the country has only about 45 days of fuel supply remaining, prompting immediate measures to secure additional resources.

In response to the crisis, the government plans to procure 1 million barrels of oil to build its buffer stock. This move is crucial as the Philippines heavily relies on imported fuel to maintain its power plants, which generate approximately 60% of the nation’s electricity from coal.

To alleviate the burden on transport workers and commuters, the government is providing a 5,000 peso ($83) subsidy to motorcycle taxi drivers and public transport workers. Additionally, free bus rides are being offered to students and workers in various cities, aiming to ease the financial strain caused by rising fuel prices.

Sharon Garin, a key figure in the energy sector, remarked, “We talked to the generation companies, the coal-powered plants, to check how much they can increase their generation.” This highlights the government’s efforts to boost coal-fired power plant output to keep electricity costs down during this challenging period.

The emergency declaration also empowers the government to seek waivers from the US to obtain oil from countries currently under US sanctions, a move that underscores the urgency of the situation. The government is actively implementing coordinated measures to address energy supply disruptions, ensuring that the needs of the population are met amidst the crisis.

As the situation evolves, organizations like Piston have voiced their concerns, stating, “If the government genuinely intends to protect transport workers and commuters from this geopolitical crisis, it would immediately suspend the Excise Tax and Value-Added Tax on petroleum products to drastically lower prices overnight.” This call for action reflects the growing anxiety among transport workers who are feeling the pinch of escalating fuel costs.

With the national energy emergency now declared, all eyes will be on the government’s next steps in managing the energy supply crisis and ensuring that the needs of the Filipino people are prioritized during this tumultuous time. Details remain unconfirmed regarding the long-term implications of these measures on the energy landscape in the Philippines.

Сообщение National Energy Emergency Philippines Declared Amid Global Crisis появились сначала на justrealnews.

The Trump administration is preparing to issue a temporary suspension of the Jones Act, a move aimed at easing supply chain bottlenecks and reducing transportation costs for oil and other critical goods. This development comes as oil prices have surged significantly, particularly following recent geopolitical tensions.

Impact of the Jones Act

The Jones Act requires that goods shipped between two U.S. ports must travel on vessels that are American-built, American-owned, American-flagged, and crewed primarily by American workers and permanent residents. Currently, the number of qualifying ocean-going vessels under the Jones Act has shrunk from 193 to just 92, raising concerns about shipping capacity.

The last waiver of the Jones Act was issued in October 2022 for a tanker supplying Puerto Rico after Hurricane Fiona. In 2021, the Biden administration temporarily eased the law for refiner Valero Energy after a cyberattack crippled a major East Coast fuel pipeline.

Current Oil Market Conditions

Oil prices have surged since the U.S. and Israel attacked Iran on February 28, with Brent crude briefly topping $100 per barrel. As of now, Brent crude is priced at approximately $101.50 per barrel, a significant increase from $60 earlier in January. This surge has led to a 60 cents increase in gas prices since before the conflict began, with current gas prices averaging around $3.60 per gallon.

The White House is considering waiving the Jones Act for a limited period of 30 days to ensure vital energy products and agricultural necessities are flowing freely to U.S. ports. Waiving the Jones Act would allow foreign tankers to help supply refiners on the U.S. East Coast with fuel from the Gulf Coast and other regions.

Political Sensitivity and Reactions

The Jones Act has strong support from maritime unions, making any suspension politically sensitive. The move is one of several options the Trump administration is pursuing to stem rising crude and petrol prices. Karoline Leavitt stated, “In the interest of national defense, the White House is considering waiving the Jones Act for a limited period of time to ensure vital energy products and agricultural necessities are flowing freely to U.S. ports.” However, details remain unconfirmed.

Waiving these restrictions, even temporarily, is expected to increase shipping capacity and provide immediate relief to an industry under pressure from both geopolitical tensions and domestic production constraints. This potential suspension reflects the administration’s ongoing efforts to address the challenges posed by the current oil market dynamics.

Сообщение Jones Act Suspension Under Consideration Amid Rising Oil Prices появились сначала на justrealnews.