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Oil crises manifest as high price shocks or supply disruptions, impacting economies and societies. Thailand's significant economic growth has increased its oil consumption and dependence on Middle Eastern imports, raising concerns about supply security. The government is considering a Strategic Petroleum Reserve to manage potential crises, weighing resource sacrifices for future stability.
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Thailand s Enengy Security. Strategic Petroleum Reserve and its Economic Impacts, Poonpat Leesombatpiboon
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- 2011
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