Thai’s Told to Cut Back on Energy as Oil Prices Rise

Poster’s Comments: From the Guardian UK, Thai’s have been told to cut back on energy consumption to combat soaring oil prices, rising inflation and falling economic output. Is this the type of demand destruction that economic theory suggests?

http://www.guardian.co.uk/oil/story/0,11319,1513348,00.html

muhandis

“…Officials have said that if energy consumption is not cut by 10% by the end of August, the voluntary measures will be made compulsory.

“We’ll definitely take some mandatory action, if the efforts to get people to economise are taken for granted,” Mr Thaksin said…”

http://www.guardian.co.uk/oil/story/0,11319,1513348,00.html

Compare this with the IEA’s recent Saving Energy in a Hurry report (home page, flashing link on left).  http://www.iea.org/

muhandis