Even more ironic is his reassurance that the country faces no risk of an energy shortage, repeating claims that oil reserves have been augmented to 95 days. Most economists and analysts predict energy costs are set to soar. The National Economic and Social Development Council (NESDC) has already warned that rising energy prices and a potential downturn in tourism could push Thailand's GDP down to 1.3–1.6%. Consoling assurances that energy reserves are sufficient will not earn public trust if citizens continue to see "no petrol" signs at gas stations and the cost of living continues to rise. A long-term strategy that acknowledges the grim reality of Thailand's geopolitical position is urgently needed -- one based on action, not optimism alone.

Source: Bangkok Post March 18, 2026 04:50 UTC