Private sector wants Thailand to import Russian oil to combat high fuel prices

[zzaa09]

4 hours ago, Denim said:

Thailand's moral compass spinning around all over the place as usual.

 

 

As opposed to the Anglophone dominant paradigm which doesn't find it necessary validate any such moral compass. 

[plus7]

31 minutes ago, theoldgit said:

A number of countries are bolstering Putins war chest by buying his cheap oil, India, Mexico, China and Israel, to name but a few.

Take a look at this list, you may find your country here:

https://finance.yahoo.com/news/still-buying-russian-oil-gas-150000467.html

 

 

[Bkk Brian]

1 minute ago, plus7 said:

Take a look at this list, you may find your country here:

https://finance.yahoo.com/news/still-buying-russian-oil-gas-150000467.html

 

 

However most are actively reducing their dependancy because they know it helps finance Putins war crimes. Very different to those looking for new contracts know where this money will go beforehand

[Sharp]

Agreed they aren't at war with Russia .

 

AND FYG!!????

 

 While Russian crude oil is shipped on tankers, a network of pipelines transports Russian gas to Europe. In fact,

[talahtnut]

Will the Western powers feed this war until the last Ukrainian is killed?

Could it be a distraction/excuse to destroy Western economies and 

lives?  To me, in the UK, it seems to be working that way.

 

[Hellfire]

Another narrow minded clown. They would buy from ISIS too. And Putin’s Russia is much worse and dangerous than ISIS.
 

 

Edited July 4, 2022 by Hellfire

[LomSak27]

15 hours ago, FritsSikkink said:

USA 200 year non stop war but no economic actions at all. 

Everybody getting all emotional about Russia, what a joke.

No one cares about Russia. They care about the Ukraine, and disgusted at Russia's stomping on the country. 

 

[vandeventer]

17 hours ago, petermik said:

Distasteful...

I would rather walk than put that S--- in my car.

[vandeventer]

12 minutes ago, vandeventer said:

I would rather walk than put that S--- in my car.

Too bad Trump is not the President of the USA. We could have got all our oil and gas from the country that has the most. Sad times.

[Chongalulu]

16 hours ago, AnotherFarang8 said:

17 hours ago, bdenner said:

So where is Thai private sector going to get a truck load of Rubles from to pay for this commodity? Maybe tap on the shoulders of the "multitudes" of Russian tourists TAT is expecting!!!

Thailand and Russia are negotiating to implement MIR payment system that will help Thailand get precious rubles from tourists that Thailand can use to pay for cheap oil. There is also an agreement between these countries to increase mutual trade 10x. Thailand will export to Russia much more than it does now to acquire rubles it will need to pay for energy.

Russia has its own bank converting customers fx into Roubles into which the EU has already approved in a fudge enabling it to continue buying Russian gas. It’s not an issue.

[Chongalulu]

The strategy behind effective sanctions is to cause as much damage to the sanctioned for the least cost to the sanctioners.  Hence why an exception is made by Europe (especially Germany) to buy Russian gas - they simply cannot survive without a severe recession to stop. However ,Putin realises this and is playing his own counter strategy by throttling off supplies of Nordstream pipeline gas including a 10 day closure this month for ‘maintenance'. He’s preventing Germany filling its storage facilities which normally take it through winter ,so it’s clear when Putin is likely to shut off supplies entirely. Brexit was not good but will be nothing to what’s in store for Germany this winter …???? ???? 

[IAMHERE]

Thailand should do what's best for Thailand. Why would any Thai feel obligated to the Ukraine ?  Russia has been courting Thailand for many years.

[Henryford]

Thailand's only thought is money. Women and children being killed, so what !!

[Hellfire]

35 minutes ago, IAMHERE said:

Thailand should do what's best for Thailand. Why would any Thai feel obligated to the Ukraine ?  Russia has been courting Thailand for many years.

  It is not about Ukraine or any other country specifically. It is about respect for the international agreements and the principles of humanity. Because otherwise, when one day some country will attack Thailand for no apparent reason and will bomb their people to death - nobody will care too. It is in the Thailand’s best interest to support Ukraine now. To prefer a bit cheaper oil instead is a sign of shortsighted idiocy.
 

 

Edited July 5, 2022 by Hellfire

[Hellfire]

59 minutes ago, nchuckle said:

The strategy behind effective sanctions is to cause as much damage to the sanctioned for the least cost to the sanctioners.  

Where did you get that definition from? And why not for “no cost” at all? In reality, sanctions are the measures preceding and , hopefully, preventing the possible war. Not less than that. And the cost of the sanctions might be whatever it takes to defeat the existential threat.

It is the Putin’s main bet that the “spoiled” West will retreat and give up its values when facing the slightest inconveniences. Reading many posters at this forum, I start to suspect that his bet may eventually succeed.

 

Edited July 5, 2022 by Hellfire

[vandeventer]

22 minutes ago, Hellfire said:

  It is not about Ukraine or any other country specifically. It is about respect for the international agreements and the principles of humanity. Because otherwise, when one day some country will attack Thailand for no apparent reason and will bomb their people to death - nobody will care too. It is in the Thailand’s best interest to support Ukraine now. To prefer a bit cheaper oil instead is a sign of shortsighted idiocy.
 

 

We also have the hot weather here so nobody is going to freeze to death. We should be able to buy our oil and gas from who ever we want not from some madman that lives in a dream land.

[Chongalulu]

14 minutes ago, Hellfire said:

Where did you get that definition from? And why not for “no cost” at all? In reality, sanctions are the measures preceding and , hopefully, preventing the possible war. Not less than that. And the cost of the sanctions might be whatever it takes to defeat the existential threat.

It is the Putin’s main bet that the “spoiled” West will retreat and give up its values under the slightest inconveniences. Reading many posters at this forum, I start to suspect that his bet may eventually succeed.

 

It’s the very quote  from the relevant EU official as quoted in mainstream media. "No cost" ..?? There are a raft of sanctions,including financial,against Russia,some of which were already in place long before the war. Of course some sanctions will always be of little cost while others (like energy) will come at much greater ,perhaps even prohibitive and effect various countries differently. Your 'no cost' makes little reason.

I think you need to do a little more reading of quality media to gain more in depth understanding of this particular dynamic 

[OneZero]

15 hours ago, tomazbodner said:

With so much sun, wind and so many rivers in Thailand, it could use this opportunity to invest in sustainable energy and electrify transportation, which would significantly lower the demand for fossil fuels.

That's what the Biden Administration is doing & is refusing to stop or slow it's war on US oil.  Biting them in the ass big time, but too thick headed to reverse course. 

It's part of the reason Putin decided to invade Ukraine when he did.  Biden's policy was Putin's opportunity:  Attack now & blackmail Europe with oil. 

[Chongalulu]

3 minutes ago, vandeventer said:

We also have the hot weather here so nobody is going to freeze to death. We should be able to buy our oil and gas from who ever we want not from some madman that lives in a dream land.

Oil and gas is a global commodity and priced universally in normal circumstances. It’s only where sanctions pertain that may cause distortion in that model- as it is here.

[John Drake]

Sure looks like Russia is winning everywhere. Along with pal China. Wish it wasn't so, but that appears to be the case to me. Russia produces a culture of criminality wherever it gets a foothold. Need only look around in Thailand to see it's so.

[kennw]

20 hours ago, worgeordie said:

Russia is our friend ...... send more tourists and oil , we don't care

what the rest of the World thinks , it's all about money , just business.

regards Worgeordie

Disgusting statement lacking in empathy and morality for the Ukraine people being killed by the Russians

[Spilornis]

Saudi Arabia could halve the barrel price of oil within a month or two but it's enjoying the bonanza of record prices.

These sanctions were never thought through and it's just a matter of time before many more countries start to ignore them.

Cooking oil and wheat shortages are fast becoming a flash point for developing countries

[John Drake]

6 minutes ago, Spilornis said:

Saudi Arabia could halve the barrel price of oil within a month or two but it's enjoying the bonanza of record prices.

These sanctions were never thought through and it's just a matter of time before many more countries start to ignore them.

Cooking oil and wheat shortages are fast becoming a flash point for developing countries

For the past decade I've read that increased US production is what brought down oil prices and also was the best unofficial "sanction" against Russia. Why that policy was abandoned in the face of Ukraine is puzzling.

[internationalism]

russian crude oil is some 27% below market price. 

and it will be falling, possibly down to 50%.

The way private importers are getting over sanctions is mixing russian oil in below 50% with oil from any other country.

Thailand has only 10% of gas and oil from their own sea fields. But they have huge oversupply of electricity from Laos hydro plants. Still, they need oil for cars and chemical industry.

If OPEC will divert the majority of it's production to Europe, the poor countries, like Thailand, will be out priced by the year's end. Germany will pay any price to OPEC.

 

"Asian buyers also welcomed the “opportunity” to buy Russian crude oil at discounted prices: the main product, known as Urals, used to sell at around US$1 per barrel below Brent, but the gap is currently over US$30"

https://theconversation.com/russias-oil-is-in-long-term-decline-and-the-war-has-only-added-to-the-problem-186167

 

Edited July 5, 2022 by internationalism

[tomacht8]

Oil is increasingly becoming a scarce commodity and will run out anyway. The fact that prices are rising is systemic due to supply and demand. This market effect is only accelerated by Russia's war of aggression. Oil as a weapon for blackmail. The question is not whether one can therefore tolerate a war of aggression by a large, heavy armed country against a small country just to get cheaper oil in the short term. The strategy must be to free itself as a country from these dependencies. And Thailand as a sunny country has very good opportunities. Instead of buying useless submarines, Thailand should rather launch a support program for renewable energies. The higher the price for fossil energies, the more attractive / economical alternative energy sources become. The path is painful for a short time, but will be successful in the end.

[Jimjim1]

20 hours ago, OneMoreFarang said:

Would it be really so bad if Thailand imports relative cheap gas and oil from Russia?

I am sure many Thais would be happy if the gasoline prices would decrease.

And would Russia stop the war even if nobody would buy their oil and gas anymore?

 

I think it's easy to say: Don't buy anything from the Russians, they are the bad guys.

But then, how about Saudi Arabia? Are those the good guys? Shoud we buy from them?

And how about China?

I am sure we can find a lot of reasons why we shouldn't do any business with lots of countries.

Maybe we should also ban all tourists from those countries.

But then again I am sure many countries will also find reasons why they shouldn't do any business with Thailand or Thai people.

 

It's easy to say: No, we don't collaborate with the bad guys.

But in real life there is not only black and white and the good and the bad guys.

 

Personally I find reasons pro and contra doing business with Russia. At the end of the day I think the question is: What is better for the majority of Thai people? And will all those people who suffer in Thailand from high gasoline prices be happy to pay more to show the bad guys that they shouldn't go to war? I have my doubts. 

Yes it would be bad!

Billions of people are struggling with high fuel, cost of living and inflationary prices because of the solidarity shown to the Ukraine and it’s people, and rightly so.

So why shouldn’t Thailand stand up and be counted along with everybody else?

The world is standing four square against the tyrannical terrorist Putin and will continue to do so until he is brought to book for his genocide in the Ukraine, and so should Thailand, no ifs no buts.

[OneMoreFarang]

1 minute ago, Jimjim1 said:

Yes it would be bad!

Billions of people are struggling with high fuel, cost of living and inflationary prices because of the solidarity shown to the Ukraine and it’s people, and rightly so.

So why shouldn’t Thailand stand up and be counted along with everybody else?

The world is standing four square against the tyrannical terrorist Putin and will continue to do so until he is brought to book for his genocide in the Ukraine, and so should Thailand, no ifs no buts.

Ok, fair enough.

Should Thailand only stand against Russia?

How about Saudi Arabia, or maybe China? Should Thailand support them?

And should Thailand have stopped buying anything from the USA when they illegally invaded Iraq?

I really would like to hear your opinion about these questions.

[tomacht8]

A provocative question would also be: Are high fossil energy prices bad? Everything that is cheap is more wasted. Billions of people drive to and from work in the mornings and evenings, but there is usually only one person in each car. More carpools and car sharing. Any motorist could easily save 20% of petrol by changing their driving style. Go shopping by bicycle or get a motor scooter or e-scooter that consumes much less. Switch off the aircon and light more often. Buy 12 volt solar systems for lighting. I think the best are the SUV drivers who drive to the fitness center only to sit then on the bicycle ergometer for 1 hour.

 

Edited July 5, 2022 by tomacht8

[Hamus Yaigh]

19 hours ago, phetphet said:

What happens to all the oil from Thailand's onshore and offshore oilfields?

Is it not enough  to supply Thailand's needs?

Its not enough to supply Thai needs and they haven't opened any new blocks for over a decade. Indeed Thailand exports more than it can sell to refiners locally as the type is not suitable for local refineries.

[Hamus Yaigh]

18 hours ago, Mr Meeseeks said:

As they are doing in Myanmar with PTTEP taking over the Yadana gas fields after Total and Chevron exited due to human rights concerns.

As Prayuth might say "Its a big deal!". Another case of huMAN natURE. Follow the money.