Tag Archives: oil prices

“[…] Some people may feel justified in seeing our existence only through the prism of the negative lenses, and believe that runaway criminality is the hallmark and highlight of our efforts. “[…] As a people, we have been resilient, over these recent difficult years. It has been my honour and …

“Words are the clothes thoughts wear” — Samuel Beckett, Irish writer. The Budget debate and its fallout sent me scurrying to recall Beckett’s writings. He is the author of “Waiting for Godot”—a play the late James Lee Wah introduced to me in the early 70s.  The state of play on …

“[…] For many decades, T&T’s highly productive energy sector funded disproportionately high standards of living in its non-energy sectors, including the public service. However, production in the energy sector has been in decline since 2010, masked temporarily by extraordinary recent increases in energy prices.  “[…] In such difficult circumstances, governments …

“[…] Non-energy revenues have fallen in 2020-2021 and for next fiscal, 2021-2022, it is going to be worse—partly because people pay taxes on the previous year’s numbers and partly because the recovery is going to be slower than expected because of the state of emergency and the impact of the …

“[…] The measures announced by OPEC+ and the G20 countries won’t rebalance the market immediately. But by lowering the peak of the supply overhang and flattening the curve of the build-up in stocks, they help a complex system absorb the worst of this crisis, whose consequences for the oil market …

“[…] As the oil price is expected to be in the low teens in this quarter, we are pursing a strategy of storage of oil production which will be sold as the oil market improves…” The following are statements from the Heritage Petroleum Company and former Energy Minister Kevin Ramnarine …

“So we can assume that the restrictions now in place worldwide will only be lifted gradually over the next 12 months. Some semblance of normalcy will not return until the middle of 2021. “There is no way that the private sector and the government can carry the labour force for …

“[…] Ultimately policy is made by politicians who of course, may have other considerations which influence their decisions. However, just as it would be folly for politicians to ignore the advice of medical professionals in dealing with the coronavirus public health crisis, so too the laws of Economics are inexorable. …

We washed and put away our sailor costumes last weekend. That induced a stronger nostalgia than usual for the carefree days of Carnival generally and, in particular, for Carnival Tuesday as All Stars sailors. The nostalgia was a brief antidote to the keen awareness that murders—albeit unrelated to Carnival—remained an …

Recent events in Trinidad and Tobago like the closing of Petrotrin and many other examples have signalled that we are in crisis. For some, we are seeing a crisis of leadership, for others, we are seeing a crisis of governance. It is hard to deny that our future is uncertain. …

Once in a store in Canada, I saw a sign that read, “Customer service is not a department…it’s an attitude.” In Trinidad and Tobago, we have a serious problem as it relates to the attitudes of people who have to deal with customers and clients. For years, people have complained …

With the election of Donald Trump, the USA is set to leverage vast shale resources to further their energy independence agenda. That means that any reduction in OPEC production will most likely be offset by increased production from the shales. Finance Minister Colm Imbert must be racking his brain and …