By Thanong Khanthong
The Nation
The Pheu Thai government has introduced several controversial economic policies.
Let me go through them one by one.
1. Most people don't notice that an offshore oil deal is on the cards. Fugitive ex-prime minister Thaksin Shinawatra and Cambodian Prime Minister Hun Sen are now trying to strike an offshore oil deal. The defence minister, the foreign minister and the energy minister have got a mandate to work with Cambodia on offshore oil operations in the Gulf of Thailand. The change of government from Democrat to Pheu Thai has facilitated this business deal. Chevron, the US oil company, is waiting in the wings for this project.
This oil production will take place in the overlapping maritime area as a joint operation between Thailand, Cambodia and the United States. However, offshore oil drilling is now very risky, given the frequent occurence earthquakes and natural disasters. Shell is now trying to control an oil spill in the North Sea. BP created a huge oil spill in the Gulf of Mexico a year ago. A court in Ecuador earlier this year fined Chevron US$8 billion for polluting the Amazon region.
The oil giants have bad records in offshore drilling when it comes to safety and care for the environment. Any monetary compensation cannot write off the massive damage being done to the environment. If a huge oil spill were to happen in the Gulf of Thailand, it would spell doom for Pattaya, Hua Hin and other resort areas along our coast. Thailand's tourism industry would basically come to a grinding halt.
