The world oil price increase is good or bad for Thailand?

Thailand is oil import country. The stock exchange should be down or up?The world oil price increase is good or bad for Thailand?
Thailand has to pay more for oil, so you could see it as a bad thing. The increase in oil prices will be transferred to any goods that have to be transported by road, and to an extent, to all services, as people have to raise the cost of their work to cope with higher commodity prices. Stocks should fall.





At the same time, if oil prices rise enough, then alternatives to oil start becoming desirable, so Thailand could experience some innovations in eg bio-fuel vehicles, which would be good for Thailand's environment, and could be marketable abroad. A potential positive secondary effect.The world oil price increase is good or bad for Thailand?
Bad. Thailand is a net importer of oil and therefore as oil prices rise its economic clout on the international stage is compromised. Higher oil prices mean higher domestic inflation, higher output rices for Thailand's exports and less competitiveness for Thailand. It's all very definitely bad news.
This is an interesting question. Higher oil prices are bad for everyone who has to pay more for all of the products made from oil. However, if you invest in the energy sector, you can make some good $$. So, it depends if you are looking at it from the perspective of an investor, or as a consumer. As consumers, we all lose, doesn't matter if you are in Asia, Europe or the Americas. Energy inflation hurts all consumers.