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Thailand Monitor
 
Cover Story (July 2008)
Silver Lining Under Oil Crisis Cloud
 

The obvious is staring right back at us and nothing can be done to deny the bare facts. There
is an immediate crisis looming over the food and energy sectors as prices are soaring sky high.
This is not a unique situation to Thailand alone but the rest of the world.

 

Even big superpowers like the United States, a key role player in the oil industry, cannot afford to sit still. The US has recently filed suit against the OPEC or Organization of Petroleum Exporting Countries, which has allegedly lowered its production and affected oil prices causing incalculable damage to the global economy, and that
of the US as well.

This signal or premonition paints a gloomy picture of the future of the energy sector. Waves of energy crisis will emerge. The US is known for its oil reserves, probably
the largest in the world to date. It also has an arsenal
of leverage tactics.

 
 
 
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ASEAN Autobiz Magazine
Grandprix International Co., Ltd.
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