HERE in Trinidad and Tobago, blessed as we are with oil and gas and an economy that thrives when compared with most of our Caribbean neighbours, we like to think that we are immune from the global energy crisis. Our only bother is when crude oil or other commodity prices drop to low levels, as happened between 1985-86, 1987-88 and 1991-94. These periods of low crude prices are interesting from a political standpoint. In the first instance, low revenues from oil led to the fall of the George Chambers government. The second saw ANR Robinson's NAR regime having to go to the IMF, and eventually losing the election in 1991. And the third brought about the fall of the first Patrick Manning government.
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Trinidad and Tobago Hopes For Nuclear Power
HERE in Trinidad and Tobago, blessed as we are with oil and gas and an economy that thrives when compared with most of our Caribbean neighbours, we like to think that we are immune from the global energy crisis. Our only bother is when crude oil or other commodity prices drop to low levels, as happened between 1985-86, 1987-88 and 1991-94. These periods of low crude prices are interesting from a political standpoint. In the first instance, low revenues from oil led to the fall of the George Chambers government. The second saw ANR Robinson's NAR regime having to go to the IMF, and eventually losing the election in 1991. And the third brought about the fall of the first Patrick Manning government.
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