Halt To Oil Levy Approved: Thailand

[elgato]

The levy cut would explain the HUGE line of tanker trucks I saw today waiting to cross the border from Chiang Khong into Laos. I stopped counting at 45!

That could never happen

What could never happen?

[Ricardo]

The levy cut would explain the HUGE line of tanker trucks I saw today waiting to cross the border from Chiang Khong into Laos. I stopped counting at 45!

That could never happen

What could never happen?

He's joking, suggesting that parallel-trading couldn't happen here, and that truckloads of petrol/sugar/rice/whatever don't cross the borders whenever there's a price/tax-driven reason to do so.

With appropriate commission to the local Customs/BiBs, of course. (That's my joke).

[lannarebirth]

Someone correct me if I'm wrong, but I do not recall any government anywhere in the world reducing a tax on gasoline in the whole of human (gasoline) history.

This is insane at a time when all Thai towns and cities have polluted air from clogged roadways. Any responsible government should be increasing taxes to reduce dependence on vehicles, whether two- or four-wheeled. (Or three with some tuk-tuks.) With extra taxes you can begin the much-needed modernisation of the rail system.

Reduced use of vehicles might also lead to better health. Btw, how often do you see a Thai person walking in the city. I am in Chiang Mai, and the only people I see walking are farangs like myself (breathing in the diesel fumes as I wait for traffic lights to change....)

It is not a tax it a levy collected to subsidize petrol when world oild prices are too high. It acted to stabilize prices. Sure, there will be an immediate benefit , but now there will be nothing in the kitty should oil prices spiral up again in the future. Next time oil moves up you'll see the highest prices at the pump ever.

Anyone been to the petrol station lately?

[MaiChai]

I remember when diesel was 8 baht a litre... Glad I didn't fill up yesterday; crossed my mind to do that

[sparebox2]

Isn't the Thai people poor enough already?

The natural resource is obtained from Thai soil. It belong to the Thai people, hence petroleum should be free. Just pay refining and logistic.

[ParadiseLost]

I remember when diesel was 8 baht a litre... Glad I didn't fill up yesterday; crossed my mind to do that

I think you will find this topic was started last year...

[Ricardo]

Isn't the Thai people poor enough already?

The natural resource is obtained from Thai soil. It belong to the Thai people, hence petroleum should be free. Just pay refining and logistic.

Nice theory, but unfortunately Thailand imports most of the oil it consumes.

[sparebox2]

Isn't the Thai people poor enough already?

The natural resource is obtained from Thai soil. It belong to the Thai people, hence petroleum should be free. Just pay refining and logistic.

Nice theory, but unfortunately Thailand imports most of the oil it consumes.

OK, I agree with you on oil.

But Thailand produce most of the locally consumed LPG & CNG.

[Ricardo]

Isn't the Thai people poor enough already?

The natural resource is obtained from Thai soil. It belong to the Thai people, hence petroleum should be free. Just pay refining and logistic.

Nice theory, but unfortunately Thailand imports most of the oil it consumes.

OK, I agree with you on oil.

But Thailand produce most of the locally consumed LPG & CNG.

I think you'll find that that often comes from Burma too (24 % ?). Thailand may well have more reserves of both oil & gas, but isn't rushing to develop them, they'll only increase in value as the planet runs low.

[airconsult]

Stupid, stupid, stupid.

The idea behind the original policy was to increase the percentage of liquid fuels produced domestically within Thailand. This is absolutely critical given the extreme volatility and shortages in the global oil market. It is going to be even more critical in the future.

Meanwhile, the PT seems insistent on killing the fledgling industry within Thailand, so that when it really becomes absolutely essential, it won't be here at all.

Morons.

You believe the prices are high because of a shortage??? lol......

Someone still thinks what comes off CNN is the truth and nothing but the truth. Wake up.

www.infowars.com

I suggest it is you who is living in a state of perpetual dreams. Sadly, yes, oil is a limited resource, and its production has peaked. The future would be much brighter if this were not the case. Geology and physics are rather unforgiving that way, despite what some conspiracy theorists on the internet may wish to believe. Supplies are becoming tight, and the only way to deal with that is by killing demand through cycles of high prices, recession and small recoveries, with each recovery leaving everyone on average slightly worse off. This will lead to tremendous variability in prices from now on. A reliable local supply of ethanol and other liquid fuels will not fix this problem, but it will help to buffer against these price shocks.

This is how it is going to be for the rest of your life. Get used to it. No website is going to increase petroleum flow rates by arranging more electrons into pretty words on a computer. Many try to obscure the unfortunate reality of peak oil by quoting huge reserves of low quality fuels, but they conveniently leave out the fact that these reserves can never be produced fast enough to make up for the relentless depletion in conventional wells.

Sorry to be the one that has to tell you your tinfoil buddies are pulling your leg on this one. Go get a degree in geology and you won't be so easily fooled.

Citigroup has a different opinion to yours.....

https://www.citigroupgeo.com/pdf/SEUNHGJJ.pdf

Or a bit of hyperbole from the Reg - which notes the already opening synthetic hydrocarbon plants - as long as it stays above 45us per barrel (very likely)

http://www.theregister.co.uk/2012/02/23/peak_oil_is_dead_citigroup/

A good read...

[airconsult]

Isn't the Thai people poor enough already?

The natural resource is obtained from Thai soil. It belong to the Thai people, hence petroleum should be free. Just pay refining and logistic.

Nice theory, but unfortunately Thailand imports most of the oil it consumes.

OK, I agree with you on oil.

But Thailand produce most of the locally consumed LPG & CNG.

You may like to check a subsidiary PTTEP Australasia http://www.au.pttep.com/about-us

And current projects http://www.au.pttep.com/projects/existing

cheers