Thursday, September 27, 2007






Trinidad - The petroleum industry

Trinidad is the most industrialized nation in the Caribbean.
The island's petroleum industry is one of the oldest in the world (older than Venezuela and Saudi Arabia), dating back to l857.
In the l970's the main source of the island's prosperity was oil but it is now natural gas (liquefied natural gas); accounting for 7-9% of the government's revenue.
Fuel costs in the Chaguaramas area translate in Canadian dollars, per liter, to:
52 cents for regular fuel, 54 cents for super and 30 cents for diesel. A real bargain, for sure, but expensive compared to the 10 cents per GALLON cost in Venezuela.
While in Chaguaramas, Trinidad, we've experienced first-hand the areas on-going problems of frequent power outages, serious gas/oil slicks on the water surface and garbage (especially plastic) washing in to the bay from the island during heavy rainfalls.

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