Trinidad and Tobago

How was Trinidad and Tobago able to avoid the economic collapse that has afflicted its nearest neighbour, Venezuela, while the latter has fared very badly from the fluctuations in oil prices?

How was Trinidad and Tobago able to avoid the economic collapse that has afflicted its nearest neighbour, Venezuela, while the latter has fared very badly from the fluctuations in oil prices?

The Energy Analytics Institute (EAI), a keen observer of the energy scene in the Caribbean and Latin America, has an explanation and it is simply because Trinidad and Tobago’s fortunes are less dependent on crude oil production than they were in the 1960’s to the 1980’s.

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