• 4 minutes China goes against US natural gas
  • 12 minutes WTI @ 67.50, charts show $62.50 next
  • 15 minutes Saudi Fund Wants to Take Tesla Private?
  • 50 mins Downloadable 3D Printed Gun Designs, Yay or Nay?
  • 40 mins Peak Oil is Now!
  • 3 hours Rattling With Weapons: Iran Must Develop Military To Guard Against Other Powers
  • 5 hours Russians hacking vs U.S., Microsoft President: Russians Targeting All Political Sides
  • 1 hour Corporations Are Buying More Renewables Than Ever
  • 11 hours VW Receives Massive Order Of 1,600 All-Electric Trucks
  • 22 hours Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 19 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 23 hours CO2 Emissions Hit 67-Year Low In USA, As Rest-Of-World Rises
  • 1 day Starvation, horror in Venezuela
  • 16 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 1 day The EU Loses The Principles On Which It Was Built
  • 1 day The Discount Airline Model Is Coming for Europe’s Railways
U.S., China Trade War Puts A Lid On Oil

U.S., China Trade War Puts A Lid On Oil

Negative signs for demand have…

Thailand's Former Finance Minister Urges Governmental Energy Review

Thailand’s former Finance Minister Korn Chatikavanij is urging that the new Pheu Thai-led coalition government to review its energy policy before motorists stop using the ethanol-gasoline blend currently in use in the country.
 
Thailand uses 1.5 million liters a day of ethanol for blending with fossil-fuel based gasoline to create gasohol and governmental energy policy-makers want to raise total ethanol production to 2.9 million liters per day.
 
At issue are policies of the National Energy Policy Committee, chaired by newly elected Prime Minister Yingluck Shinawatra.

Yingluck’s government has modestly reduced prices on hydrocarbon energy and said that the reductions are integral to the government's policy commitments made to Parliament last week to ameliorate public expenditures. The policy impacts government revenues, as the state Oil Fund collects contributions from sales of all fuel in Thailand and the revenues generated from diesel and gasoline sales help subsidize alternative fuels such as gasohol as well as cooking gas.

Korn said that reducing prices at the pump is not the right solution and would affect the overall economic outlook in the long-term, as in the short term only oil speculators would benefit from the policy, The Bangkok Post reported.

Last week sales of ethanol-based gasohol fell 18 percent even as regular gasoline sales doubled.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News