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Trinidad's Energy Offerings

Travel & news discussion about Trinidad & Tobago

Trinidad's Energy Offerings

Postby KarenS » Wed Jan 18, 2006 7:43 am

According to an article in Carib World Radio, Trinidad did not step up to the plate offering it's neighboring islands an energy package discount when they need it most, whereas Venezuela did. The article states: "Under the Petrocaribe deal, which also involves Cuba, Venezuela sells energy to Caribbean states at market prices but it isn't demanding the full price at the time of sale. Instead, it is giving them a discount, transforming the difference into a long-term soft loan.

Several Caribbean leaders, including Grenada's Prime Minister, Dr. Keith Mitchell, and his counterpart in St. Kitts-Nevis, Dr. Dr. Denzil Douglas, consider the Petrocaribe initiative a God-father offer, meaning a deal they couldn't refuse.

For his part, Sifon who has given the Patrick Manning administration in Port-of-Spain high marks for its management of the economy, thinks that in the end Trinidad and Tobago may find it necessary to come up with its plan that eases the pain being felt by all of its neighbors due to the escalating energy prices."

For more go to: http://www.caribworldradio.com/cms/publ ... e_1379.php

My question is: Should Trinidad feel compelled to offer discounts to it's neighbors because it's own economic status is strong?
Karen for Caribbean-On-Line.com
KarenS
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