The Philippines is reacting to the global oil shortage, not managing it. The crisis, triggered by the war in the Middle East, exposes how dangerously unprepared the country is. As former Finance Secretary Carlos Dominguez bluntly stated, solving an oil crisis is harder than fighting COVID-19. His quote sums up the difficulty: “you can quarantine a virus, but you cannot quarantine the global oil market.” The government’s current response suggests this is being treated as a temporary disruption, not a structural crisis. Unprepared and Knee-Deep: The Reactive Response The country was caught completely off-guard. Reports show that the Philippines has only about 45 days of fuel reserves. Given that we import nearly all of our oil, mostly from the Middle East, this limited reserve