Yutthaporn Confident in Government’s Ability to Tackle Energy Crisis Amid Middle East Conflict

Bangkok: Yutthaporn believes the government has the tools to deal with energy issues.

According to Thai News Agency, Associate Professor Yutthaporn Isarachai, a political scientist from Sukhothai Thammathirat Open University, has analyzed the ongoing conflict in the Middle East and its potential impact on global energy prices. Despite the geographical distance from Thailand, the Middle East remains a major source of global energy, making it challenging for Thailand to avoid the repercussions. However, Yutthaporn expresses confidence that Thailand has prepared mechanisms and tools to address such situations.

The government is equipped to implement various measures to manage the energy situation effectively. These measures include utilizing the Fuel Fund, reducing fuel taxes, adjusting fuel blend ratios, and seeking cooperation from different sectors in energy management. By gradually implementing these strategies, the government aims to mitigate the impact as tensions in the Middle East begin to ease.

Associate Professor Yutthaporn further believes that the government possesses the necessary power and legal tools to introduce additional measures if required. He anticipates that the conflict in the Middle East will likely resolve within a month, as global superpowers, including the United States, are keen to prevent the conflict from prolonging and causing further losses.

Yutthaporn also highlights the importance of remaining vigilant against the threat of terrorism, which could emerge in various regions worldwide. Therefore, countries, including Thailand, must prioritize security measures in preparation for potential threats.

Regarding government efforts to alleviate the impact on the public, Yutthaporn acknowledges that the measures currently in place are helping citizens maintain a semblance of normalcy amidst the crisis. The government is utilizing all available resources to manage the situation comprehensively.

"I believe oil prices have the potential to increase, but they will remain at an acceptable level. And when the conflict subsides, energy prices will naturally improve. Therefore, the energy issue is unlikely to be a fatal flaw for the government, as the government has many tools to manage the situation and has made quick decisions and implemented measures, including freezing oil prices and other measures, to prevent the situation from escalating," Associate Professor Yutthaporn said.