Oil and Gas in Trinidad and Tobago

Meer over het boek

This book provides a comprehensive historical economic review of the energy sector in Trinidad and Tobago, focusing on the implications of resource abundance on the economy. It evaluates policies from various angles, including industrialization, labor productivity, education, export diversification, and competitiveness. Utilizing a broad array of statistical data and methodologies, the text offers an in-depth economic and statistical analysis of these critical issues. It serves as a valuable resource for policymakers, researchers, and students interested in energy economics. The chapters cover a range of topics, starting with an introduction to the challenges of managing oil resources. It traces the economic history of oil exploration and production from 1857 to 2020, delves into the history of oil refining, and examines natural gas production. The book discusses the concepts of the resource curse and Dutch Disease, as well as the petrochemical sector, particularly the methanol industry. It assesses macro-economic trends from 1955 to 2020 and explores rent absorption within the economy. Additionally, it proposes policy interventions aimed at enhancing the competitiveness of the energy sector and maximizing economic rents, concluding with reflections on a century of oil and gas production.