The sale of the national oil company to a foreign corporation betrays the national interest, endangers the country’s security, and sticks of graft and corruption. Petron Corporation is unquestionably the most valuable corporate asset of the Philippine government—the most precious gem in the country’s dwindling collection of public corporations. Yet it has been sold to a foreign corporation controlled by Arab businessmen. The price of the sale is allegedly much lower than its actual worth. At the same time, the sale endangers the national security and national economy because it places the country’s oil supply totally in the hands of foreign-owned companies. Petron has been consistently listed as the nation’s top corporation in...