Archive for the 'Oil and Gas' Category

Every Trini wants to go to heaven

By Raffique Shah
October 11, 2017

Raffique ShahAs I digested details of Government’s 2017-2018 Budget and monitored the furore that followed its presentation, I kept hearing “in mih head”, somewhat like calypsonian Shadow and his “Bassman from hell”, the lyrics of a song that was popular about ten years ago, “Everybody wants to go to heaven, but nobody wants to die (to get there).”
Continue reading ‘Every Trini wants to go to heaven’

A happy wonderer

By Raffique Shah
October 04, 2017

Raffique ShahWhen you have lived as long as I have, and for most of your adult life you have had an interest in politics and affairs of state to the extent that you actually pay attention the annual Budget presentation by the Minister of Finance, you will have learnt that you waste valuable time listening to a mostly boring speech that contains little or nothing that is dramatic or surprising, and you’d be better off doing something more interesting (reading a good book, in my case), and await the summary of its salient points as captured by journalists who are paid to do such scavenging, or, if you have the stamina, listen to analysts who more or less say the same things year after year.
Continue reading ‘A happy wonderer’

Public transportation a priority

By Raffique Shah
September 27, 2017

Raffique ShahI continue to focus on issues pertinent to the economy, to chastise the Keith Rowley-led administration for using the slump in the energy sector, hence plummeting government revenues, to moan and complain and blame for their inactivity, rather than being bold and innovative, grabbing opportunities that require little by way of capital investments, but which might yield rich returns.
Continue reading ‘Public transportation a priority’

How Petrotrin was defrauded

By Anna Ramdass
September 14, 2017 – trinidadexpress.com

COLLUSION.

How Petrotrin was defraudedThis was how State-owned Petrotrin was defrauded of close to $100 million.

Details are contained in the August 2017 report by Petrotrin’s internal audit committee which unearthed the “fake oil” scandal.
Continue reading ‘How Petrotrin was defrauded’

Remembering Malcolm Jones

By Raffique Shah
August 10, 2017

Raffique Shah“I’ll share with you a personal secret…I. Don’t. Like. Pone!” said Malcolm Jones, emphasising every word he uttered. I couldn’t believe what he revealed: a Trinidadian who did not like pone, that cassava sweetbread whose taste and texture are sinfully irresistible to natives of this country? We eat pone by the slabs, not slices. “Malcolm,” I responded, “what kind of Trini are you?”
Continue reading ‘Remembering Malcolm Jones’

A Challenge for Comrade Roget

By Raffique Shah
April 16, 2017

Raffique ShahLet it be clear that I am not joining any chorus of condemnation of OWTU president-general Ancel Rouget for his remark on bpTT’s decision to have its Angelin gas platform fabricated outside of Trinidad & Tobago, “Take your rig and go!” As a former unionist, I fully understand and accept sloganeering, bravado, and even outrageous statements as legitimate tools of the trade.
Continue reading ‘A Challenge for Comrade Roget’

Guyana on the Brink of an Oil Bonanza

By Stephen Kangal
March 22, 2017

Stephen KangalAll Caribbean peoples living at home and in the diaspora will exult with their mainland Guyanese counterparts over the successful 100,000 bpd discoveries of oil by Exxon Mobil off-shore of Guyana. The sub-regional oil balance will be tilted in favour of Guyana. T&T’s 100-year exploitation of oil and the current sub-regional supply monopoly is in steady decline. It was only aggravated by the Petro-Caribe initiative of former Venezuelan President Chavez targeted on Caricom countries former markets of Petrotrin totaling 60,000 bpd.
Continue reading ‘Guyana on the Brink of an Oil Bonanza’

Sugar industry was doomed to fail

By Raffique Shah
Submitted: July 26, 2016
Published: August 01, 2016

Raffique ShahTrinidad & Tobago, as a very inefficient producer of sugar, relying heavily on preferential, prices for the commodity from Britain, and later the European Union, should have scaled back sugar production from the 1970s when the industry’s losses mounted year after year, soon to reach uncontrollable levels.
Continue reading ‘Sugar industry was doomed to fail’

Waste worse than corruption

By Raffique Shah
March 25, 2016

Raffique ShahA recent World Bank report ranked Trinidad and Tobago as the country that generates the most “municipal solid waste”, on a per capita basis, in the world.

According to the report, every man, woman and child in this country, on average, every day, generates a mind-boggling 14.4 kilogrammes of garbage:

The world average is 1.2 kilos.
Continue reading ‘Waste worse than corruption’

Recession was predictable

By Raffique Shah
December 07, 2015

Raffique ShahThis recession did not creep up on us like the proverbial thief in the night.

It was long in the making. In fact, from as far back as the global financial crisis of 2008-2009, when Clico collapsed and the price of oil plunged from a brief high of US $140 a barrel to $30, informed, patriotic citizens were warning governments to go easy on the wild spending, to set aside more savings in the Heritage and Stabilisation Fund, to wean the population off dependency on subsidies, and most of all to diversify the economy from its over-reliance on oil, gas and petrochemicals.
Continue reading ‘Recession was predictable’