by Rick Lowe
Minister of Energy and Environment Dr. Marcus Bethel made some interesting observations about PetroCaribe during his recent budget presentation in the Senate.
Click here to read the Bahama Journal story by Candia Dames.
Dr. Bethel indicates:
"The cost of transport facilities and liability insurance during transportation, also the absence of state-owned docking, pumping and storage capacity in the Bahamas, and the cost of transportation and distribution of fuel to the Family Islands, these costs must be quantified and could be substantial. Hence, further analysis is being undertaken to address these issues."
The Nassau Institute asked the Petroleum Usage Review Committee (PURC) about that in this letter back in September 2005.
While the PURC responded to the Nassau Institute letter they by no means answered all the questions in a transparaent manner. It is good see that further analysis is now being undertaken to determine the cost of setting up the oil and loans "scheme" from Venezuela.
This blogger cannot wait to see the PURC report and the cost benefit analysis.
This is all very interesting to put it mildly. These committee's are working "for the people" but the "people" are not allowed to know what's going on until our masters feel we should.
Is it possible that the smoke is finally beginning to clear on the PetroCaribe issue?