In natural resource management, the “trinity of transparency” centers on knowing how much a country earns from the development of its oil, gas or mining resources, who its partners/producers are, and whether the terms of its contracts are favourable to the country. Luckily, for Trinidad and Tobago (T&T), these questions can now be easily answered thanks to some pioneering … [Read more...] about Lifting the Lid: Will Contract Disclosure Save or Sink Trinidad and Tobago’s Extractive Sectors?
The economic literature of ‘investment under uncertainty’ has been used in many different contexts: investment of manufacturing firms, in financial instruments, etc. But perhaps the best application of the theoretical model is related to oil and gas investment. A recent paper, IDB-WP-661, brings these lessons to Trinidad and Tobago, discussing the dos and don’ts of taxation … [Read more...] about The Thin Blue Line of a Long Horizon: How much should Trinidad and Tobago Tax Policies Encourage Oil and Gas Investment?
Suriname is the third largest crude oil producer in the Caribbean after Trinidad & Tobago and Cuba, with a daily production above 16,000 barrels of oil per day (bbls/day). Domestic production of crude oil nearly reaches the domestic consumption, thus contributing to the country’s high level of primary energy self-sufficiency. In addition, the U.S. Geological Survey (USGS) … [Read more...] about Suriname, an undiscovered oil resource in the Caribbean
Photo courtesy of Wikimedia Commons, Egres73 What will 2015 bring to the Caribbean? A famous economist once said that ‘the only function of economic forecasting is to make astrology look respectable’. While I tend to agree that my discipline does not have too much luck lately with forecasting (the recent world economic recession is a good example of a crisis that was … [Read more...] about Caribbean Economic Outlook 2015: Seeing Stars
Grenada: Energy Market Overview The island state of Grenada is located at the southern end of the Grenadines in the eastern Caribbean. The state’s territory encompasses the three major islands Grenada, Carriacou and Petite Martinique, as well as a number of smaller islands. Together the islands are home to a population of 110,000 people. More than 90 percent of the population … [Read more...] about Grenada Energy Market