Petilla keeps swallowing Shell’s BS

HERE’S our fearless forecast: Shell Pilipinas, the local subsidiary of oil and gas supermajor Royal Dutch Shell, won’t be doing an initial public offering (IPO) this year – and next year, too. Truth is, we don’t see Shell going public by the time the 6-year term of PNoy ends in June 2016 – a little over a year from now.

The failure of the Aquino administration to simply enforce the law against the Netherlands-based oil and gas giant is a case study on how PNoy and his allies bastardized the so-called “tuwid na daan” principle. It will be the legacy of PNoy’s twisted sense of doing right by our countrymen.