Mary King
Monday, July 27th 2009
http://www.trinidadexpress.com/index.pl/article_opinion?id=161509390
Last week's article, "T&TEC thwarted?", raised the concern that subsidisation of the prices of petroleum and its products to local consumers, including electricity, was being accomplished at the expense of not providing a replacement asset with which we could build a new and sustainable economy.
Let us at least be clear that our present plantation economy, aggravated by the Dutch disease, depends on Foreign Direct Investment-driven export of the commodities-oil, gas and their products. This makes our economy, our foreign exchange earnings, very vulnerable to global price and supply swings.