Thread: Prices In Thailand Skyrocketing!!!!!

Humph.
Yeah, aside from his conceptual ineptitude at grasping relativity, EN can be a fairly civil poster.

^Yeah, I like him actually.

Come on EN, come to Korat with us. You'll have fun, I promise. I'm just an aging, fat, and slow prat and pose no risk. I am still good looking though....

Originally Posted by rawlins

The girls are asking a lot more than they used to in Pattaya these days.... not good...

Greedy birds, well always walk away find one that will fit your price demands.

Originally Posted by chinthee

^Hello Ant2. Everyone, please welcome the new Ant. I never insinuated that you insulted me. I merely said that my rounding of numbers from nothing to mostly insignificant was not significant.

Follow that? No, I thought not.

Nah, sorry but your talking about a subject you obviously have very little knowlege about, plenty of oil boys here will come to your aid if i'm talking shit.

The Thailand Oil & Gas Report 2008 (which i have read) and wich was researched at source last year gives data and forecasts for Thailand to end-2011 covering headline indicators for oil & gas, LNG and also oil & gas exploration and production in Thailand, refining, oil & gas distribution and fuel retailing. At the moment Thailand is producing between 800,000 - 1,000,000bpd and consuming between 1,000,000 - 1,200,000bpd.

Not quite the picture you were trying to paint.

Noodles.

^So we shouldn't expect a rise in gas prices?

I have a serious question about pricing.

In the US, Uk, Japan ... gas in the city is always more expensive than in the country.

The rationale is thus: Salaries are higher, rent is higher, utilities are higher -- gas is higher.

I move to Thailand and the opposite is true. Gas (diesel) is much cheaper in Bangkok than it is in Nong Khai.

Their rationale: it costs more to transport the fuel to the jungle.

How do I always end up getting fucked?

^^Ok, Noodles, I give it up to your superior knowledge of the Oil and Gas industry. Oh, yeah, I guess I should mention I was a global physical oil trader for 15 years, but admittedly this wasn't in Thailand - because there was nothing to trade.

Carry on with your expert analysis.

Originally Posted by Texpat

^So we shouldn't expect a rise in gas prices?

Thats not the point thats being made and you know it, of course oil prices will continue to rise.

Originally Posted by chinthee

Oh, yeah, I guess I should mention I was a global physical oil trader for 15 years, but admittedly this wasn't in Thailand - because there was nothing to trade.

Whatever floats your boat, perhaps you should have asked Raymond Learsy for some tips.

Originally Posted by English Noodles

Originally Posted by chinthee

Oh, yeah, I guess I should mention I was a global physical oil trader for 15 years, but admittedly this wasn't in Thailand - because there was nothing to trade.

Whatever floats your boat.

Noodles, Thailand has relatively insignificant oil reserves and relatively insignificant refining capacity.

Do you dispute this? The net result is that Thailand is a country that depends on external sources for its refined products and natural gas. This means it is at the mercy of other countries (primarily Singapore & Burma) for its energy needs.

Do you dispute this? Really, I'm not being condescending here, just trying to establish the facts.

Originally Posted by chitown

Butter has doubled and the aside from food price increases

So butter is now 80/90 baht?

Butter was 42 baht and it now 75 to 79 bar. Priced it recently.

Originally Posted by chinthee

Noodles, Thailand has relatively insignificant oil reserves and relatively insignificant refining capacity. Do you dispute this? The net result is that Thailand is a country that depends on external sources for its refined products and natural gas. This means it is as the mercy of other countries for its energy needs.

Everything is relative Chintee, i'm not going to trash Chitowns thread by arguing about it. I dont want to be seen as an 'Ant like poster'.

I'm off to see a man about a dog, be back later.

Noodles.

^nicely done for a man of your ... ah ... nationality.

I can imagine the pain.

Originally Posted by chitown

Butter was 42 baht and it now 75 to 79 bar. Priced it recently.

Bloody hell. I'll stock up on butter in England!

Originally Posted by Texpat

^nicely done for a man of your ... ah ... nationality.

I can imagine the pain.

No pain, the brick wall is only proverbial.

Noodles.

If it goes to 35 baht to the dollar and butter is 120 baht, I will still be here. My initial thought when I posted the thread was how big the price increase was and then how will the Thais make it.

I imagined the toll road in Chicago being $1.50 on a Friday and coming back and it being raised to $3.35 on Monday. I would think that these huge increase would be ashock to the Thais.

The prices are not going up 3 baht or 5 baht, but doubling in price.

Going back to butter, it has gone up to 94p (US$2) for Anchor in UK (from 65p a year ago). Will pack some to fly back to BKK tomorrow, as I am not paying B80 for the crap they call butter! If anyone wants some, let me know...

Yeh, ground level inflation here is startling.

I think it's still a fair deal cheaper than Oz & UK, I presume Merka too.

The economic refugees to Sihanoukville are setting themselves up for a fall, unless they have some inflation hedging business. Within five years, i predict it will be more expensive than Pattaya.

If Pattaya gets casino's, it will follow suit.

Yikes! Almost feeling sorry for you lot in the warm sunshine. Prices in Canada are also higher the past few weeks, as oil and thus shipping prices, never mind those for commodities like wheat and corn, spike up. Fek! (With those hybrid cars sucking up ethanol, we'll be lucky to ever eat corn again.)
The big campaign here is to eat "locally" grown foods. A bit tough to do in the winter.
As noted, put on extra security, rich farang. The Thais will do OK if rice prices remain unchanged. Coastal folks will do more pier fishing and clam digging. Inland folks will set more traps. (Take care of your pets.) Maybe cockroaches will face extinction.
The govt will need to take action if basic local food prices go crazy. (Can't understand the rise in pork, tho -- must be for feed.)

Originally Posted by chinthee

^I honestly think we'll see massive bank defaults on all the Isuzu DMax financed trucks. It will just become too expensive to operate them for these people, and they will default.

Sort of like a consumer auto finance sub-prime mini meltdown right here in Thailand. Could put a chill on the auto biz here, which is a huge industry.

A guy opposite us bought a shiny new Vigo, it has been parked outside his house for days sporting the red plates, without moving because of the repayments, he can't afford to put fuel in it.

My wife has complained about the price of chicken, and bottled gas going up.

Originally Posted by Jet Gorgon

The Thais will do OK if rice prices remain unchanged

Rice is going up, too, Jettie. The crappy stuff we buy for the dogs is now at 800bt for 50 kilos.