Archive for the 'Oil and Gas' Category

False and Misleading Expectations On Guyana’s Oil Bonanza

By Stephen Kangal
February 25, 2020

Stephen KangalIn a Statement delivered at the Opening of the Energy Conference recently Prime Minister Dr Keith Rowley dishonestly sought to create false and misleading expectations in an election year namely that:

– T&T can gain continental shelf-access to and cash in on the huge hydrocarbon producing resources currently being exploited by Guyana, sometime in the future;
– by getting the UN Commission on the Limits of the Continental to agree to extend the maritime limits of T&T beyond 200 miles measured from its straight archipelagic baselines promulgated in 1986 by Order in complete violation of the provisions of the 2006 T&T/Barbados Arbitral Tribunal Award, the 1993 TT/Venezuela Delimitation Agreement and the tenets of the 1986 Law of the Sea Convention.
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Reckless with our National Interests in Barbados

By Stephen Kangal
February 19, 2020

Stephen KangalIt was a catastrophic national disgrace in 2003 when former Prime Minister Patrick Manning allowed former Bajan PM Owen Arthur to unilaterally haul T&T before an International Tribunal that adjudicated on and established our bilateral EEZ maritime boundary. In the process the Tribunal ignored compelling legal precedent and allocated almost half of our legitimate and previously claimed maritime space to the exclusive jurisdiction and expanded maritime patrimony of Barbados in perpetuity.
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Amen, Brother Gregory

By Raffique Shah
January 14, 2020

Raffique ShahIf we think that the Trinidad and Tobago economy is in for another rough ride this year, possibly rougher than what we experienced over the past five years, we should read some of the grim global economic outlooks projected by international agencies such as the World Bank, the International Monetary Fund, Morgan Stanley, Goldman Sachs et al for almost every country in the world.
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Greed is killing us not so softly

By Raffique Shah
October 16, 2019

Raffique ShahSome day last week, after I had eaten a very modest lunch, I was snacking on a few locally-manufactured crackers when my wife asked, “You still hungry, nah?” She has noted with unnecessary concern that I eat smaller portions, which I attribute to ageing and my now mostly sedentary lifestyle, the latter imposed on me by my infirmity. I don’t need calories that I won’t burn as I did during my very active pre-Parkinson’s life. That reality notwithstanding, the urge to snack on junk remains undiminished, much to my dismay.
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Budget biggest ‘bag’ thieves lay their hands on

By Raffique Shah
October 07, 2019

Raffique ShahIt is a newspaper commentator’s dilemma—having to write on the Finance Minister’s annual budget presentation, as readers expect him to, both before and after the Appropriation Bill is laid in Parliament. This becomes even more challenging when the package covers the year leading to a general election when the Government, and here I mean any government, engages in distributing largesse like the proverbial “parsad” at “pujas”, throwing goodies at the electorate with the expectation that they will yield votes.
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A Magnificent Breakthrough

By Dr Selwyn R. Cudjoe
October 03, 2019

Dr. Selwyn R. CudjoeIn the early 1970s when Marxist economics was all the rage, several Caribbean graduate students attended to the classes of Jaroslav Vanek, an economist and professor at Cornell University. He was known worldwide for his research on labor-managed economies or what he called “participatory economies.” Yugoslavia’s President Tito (1843-1980) was in power and was following this approach to social and economic development.
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Why not the OWTU?

By Raffique Shah
October 02, 2019

Raffique ShahThe outrage that erupted when Government announced its decision to name the Oilfields Workers Trade Union’s company, Patriotic Energies and Technologies Ltd, as the preferred bidder for the oil refinery at Pointe-a-Pierre (Guaracara Refining Co), you’d swear all Cabinet ministers and the OWTU’s president Ancel Roget and his entire executive are guilty of high treason, and deserve to be hauled into Woodford Square and shot to death with goat-pills.
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Oil in turmoil

By Raffique Shah
August 29, 2019

Raffique ShahI had planned to write a column sometime before the 2019-2020 Budget presentation on the successor-companies to State-owned oil giant Petrotrin, seeking to have the Minister of Energy and/or Corporation Sole (the Minister of Finance) inform the public of their progress or regress or stagnation. I thought that in the spirit of transparency, especially after citizens were stunned when we were told in 2017 or thereabout that the one-time pillar of the national economy was teetering on the brink of bankruptcy and mired in multi-billion-dollar debts, we the public should know early o’clock if the new enterprises were faring any better.
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Identifying and fighting economic apartheid

By Raffique Shah
June 14, 2019

Raffique ShahTrinidad and Tobago should be grateful for having among its citizens patriots who are unafraid to speak out on issues that affect us all, and more importantly, who bear allegiance to the country, not to any political party. Of course, such persons have the right to support a party of their choice at any point in time. But they also jealously maintain their independence by criticising the policies and actions of the party they voted for when they are convinced it has made decisions that are inimical to the best interests of the nation.
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Four trains too far?

By Raffique Shah
May 29, 2019

Raffique ShahConsider the following: in 2019, when the 20-year contract for Train 1 of the Atlantic LNG plant expired and a new contract was negotiated, supposedly giving the people of Trinidad and Tobago a fairer share of the profits, the principal shareholder of the Train, BPTT, cast doubt over its future viability based on an unreliable supply of natural gas occasioned by two (or four?) “dry holes” in the energy giant’s infill drilling programme offshore T&T.
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