• 4 minutes Pompeo: Aramco Attacks Are An "Act Of War" By Iran
  • 7 minutes Who Really Benefits From The "Iran Attacked Saudi Arabia" Narrative?
  • 11 minutes Trump Will Win In 2020
  • 15 minutes Experts review Saudi damage photos. Say Said is need to do a lot of explaining.
  • 23 mins Ethanol is the SAVIOR of the Oil Industry, Convenience Store Industry, Automotive Supply Chain Industry and Much More!
  • 2 hours One of the fire satellite pictures showed what look like the fire hit outside the main oil complex. Like it hit storage or pipeline facility. Not big deal.
  • 12 hours Saudi State-of-Art Defense System looking the wrong way. MBS must fire Defense Minister. Oh, MBS is Defense Minister. Forget about it.
  • 6 hours Let's shut down dissent like The Conversation in Australia
  • 2 hours Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 21 hours Saudis Buying Oil From Iraq
  • 12 hours Hong Kong protesters appeal to Trump for support.
  • 2 hours Trump Accidentally Discusses Technology Used In The Border Wall
  • 5 hours Collateral Damage: Saudi Disruption Leaves Canada's Biggest Refinery Vulnerable
  • 23 mins Famous Manufacturer of Anti-Ethanol Additives Proves Ethanol's Safety and Benefits
  • 21 hours Saudis Confirm a Cruise Missile from Iranian Origin
  • 21 hours Donald Trump Proposes Harnessing Liberal Tears To Provide Clean Energy
  • 5 hours Iran in the world market
Big Oil Is Down, But Not Out

Big Oil Is Down, But Not Out

Activist divestment and climate change…

The Biggest Winner In The Saudi Oil Supply Crisis

The Biggest Winner In The Saudi Oil Supply Crisis

The weekend attacks on vital…

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
Download on the App Store Get it on Google Play