hnd

"Islam needs a reformation" is one example of a really thoughtful and well-thought out comment. In our opinion anyway ...

http://thegulfblog.com/

Roadking

Good find!

lionheart

No, but I was amazed to read that the King of Thailand is allegedly the wealthiest Head of State.

paulbkk

Even though, they have no oil. you will more amaze if you know that he own most of the prime area in Bangkok. the most important thing is tax is exempted

TGFKASE

What I am more amazed at is your assertion that Thailand has no oil....

Link here...

1.1M bpd is hardly no oil....

desertexile

The King of Thailand. best PR stunt the world has ever seen. 99% of the population afre Thaibots who buy into the whole demi god thing.

paulbkk

Yes, that considerably NO. if you outlook the oil output from neighboring country like Malaysia, Indonesia or Brunei.
Even Myanmar has better energy potential than Thailand. But that is not the matter. My point is how can he be so rich while the country still poor!

paulbkk

You are absolutely right. The Thais great him as a working angel or second after Budha.
I think I am the 1% camp

TGFKASE

Lets see...

Expected production figures for 2010 and proven reserves at 2010....

Brunei - 175,200bpd & 1,100Mbbl
Malaysia - 727,200bpd & 4,000Mbbl
Indonesia - 1,051,000bpd & 3,990Mbbl
Thailand - 1,073,000bpd & 441Mbbl
Myanmar - 22,120bpd & 50Mbbl

Don't quite know how your maths is, but from those numbers, whilst your reserves may be less than all except Myanmar in the area, the income being generated by current production is on a par, if not more, than your oil-producing neighbours...

You then can also start adding in the Natural Gas income being generated as well..

paulbkk

#TGFKASE, I think we should start new thread.
Are you in the oil biz? I am not
See, my number may not accurate, however, if Thailand have that much oil, why the street price is higher than Malaysia. Where are those oil going..?Why they have to import?

Brains1983

don't go there on any sort of logical relationship between reserves & street price!

UK, Brazil, Netherlands, Norway versus Venezuela, Qatar, Saudi, UAE

TGFKASE

You beat me to it......lol

Brains1983

some of it you get used to, the labor and salaries over here for the majority mean that the fuel price has to be low, and Venezuela is a pretty poor country so they keep the fuel low.

I've gave up with arguing any sort of case for the UK, however have to admit if your willing to work then there's money to be made and the fuel doesn't have to become a luxury as the unwashed in the UK would have you believe.

Norway is just ****ing expensive, however relative to income. Dutch get screwed for everything much like the UK.

Can't get my head round the price in Brazil. Fuel isn't really that much cheaper than it is in the UK (was about 1 GBP p/litre last time I was there), yet generally they earn about 30% on a like for liek profession.

Guess most if it ends up in Lulas pocket...

desertexile

I speak Thai and am able to really press the locals in private. In the UK over songkran at one festival, half the folks stopped singing the national anthem part about the Queen - since supporting the yellows, she has lost a lot of respect.