After our wonderful time in Borneo we decided it was time to travel to our next country namely Thailand. We all knew Thailand but nobody of us ever visited it so we were all very curious of what the country would be like.
Because we want to explore Thailand in a maximal way we decided to hire a car. Thailand is namely , with a surface area of approximately 513,000 square km, the 50th largest country in the world in terms of total area.
Because we want to explore Thailand in a maximal way we decided to hire a car. Thailand is namely , with a surface area of approximately 513,000 square km, the 50th largest country in the world in terms of total area.
We searched for a local coach rental and hired a Peugeot 206. Now our trip in the beautiful country could really start. Or so we thought .. cause when we looked at the status of the gas tank we noticed that it was almost empty. So first we had to find a gas station before we finally could start our trip. With the help of the lessor this was no problem , a good thing too!
At the gas station we were pleasantly surprised. The price of diesel wasn’t very high. But how was this possible with the rising oil prices?
We went inside the shop of the gas station and decided to ask the shop cashier if he knew the answer.
He told us that the Asian economy tries to slow down the rising diesel price by subsidizing it. However analysts have warned that this can only be a temporary solution to keep the prices in check. So the Asian government will continue doing so till the end of April , what will happen after then is unsure.. One thing’s for sure , the rising oil prices are a real drag on an economy that seems to be moving in a right direction after the global recession. The exports of the country are up , consumer spending is up but so too are food prices and basic commodities like cocking oil. So unfortunately the threat of inflation cannot be ignored.
To encounter the global recession the interests rates were historically low in Thailand but now as the world recovers Thailand has to raise interest rates as the region grapples with rising consumer prices. Central banks are having to strike a fine balance between maintaining growth and reining in prices.
We went inside the shop of the gas station and decided to ask the shop cashier if he knew the answer.
He told us that the Asian economy tries to slow down the rising diesel price by subsidizing it. However analysts have warned that this can only be a temporary solution to keep the prices in check. So the Asian government will continue doing so till the end of April , what will happen after then is unsure.. One thing’s for sure , the rising oil prices are a real drag on an economy that seems to be moving in a right direction after the global recession. The exports of the country are up , consumer spending is up but so too are food prices and basic commodities like cocking oil. So unfortunately the threat of inflation cannot be ignored.
To encounter the global recession the interests rates were historically low in Thailand but now as the world recovers Thailand has to raise interest rates as the region grapples with rising consumer prices. Central banks are having to strike a fine balance between maintaining growth and reining in prices.
It’s remarkable how big the influence of the oil price is on other products. At first sight nobody realizes the numerous things in which oil is an essential raw material. Oil is for example used to produce most of the synthetic materials and contains the most important element of asphalt namely bitumen. So oil is very important , but it’s also a raw material which is becoming scarce.
So in my opinion it’s time for a new way of producing and living. We have to try to stop the dependence on oil by finding and using a substitute for it. For example for cars we can use electricity or fuel from biomass. It will also be better for the environment so we can decrease or even stop the global warming. Unfortunately I realize this is easier said than done.. but if we do it step by step we’ll get there!
So in my opinion it’s time for a new way of producing and living. We have to try to stop the dependence on oil by finding and using a substitute for it. For example for cars we can use electricity or fuel from biomass. It will also be better for the environment so we can decrease or even stop the global warming. Unfortunately I realize this is easier said than done.. but if we do it step by step we’ll get there!
Greetings,
Nelson
Source: Nelson
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