LTE

Patriotic Energies and Technology Company Ltd needs to buy a “Thank You” card and give it to the Prime Minister for them not being allowed to purchase Petrotrin.

The present price of oil is US$59 per barrel.

The end of oil is near.

The oil industry is dead.

Oil is over.

The future is up to us.

The coronavirus pandemic has gutted demand, resulting in the current surplus, but it merely exacerbated a problem that has been plaguing the oil industry for years: the incessant overproduction of a product that the world is desperately trying to wean itself from, with growing success.

The global oil industry is in a tailspin.

Demand has cratered, prices have collapsed.

Profits are shrinking.

The oil majors, BP, for instance, are taking billions of dollars in losses.

Tens of thousands of jobs have been cut.

Smaller companies are declaring bankruptcy.

The oil industry will never recover from Covid 19.

Even in the short term, fossil fuels are a terrible investment.

It also forestalls the inevitable decline of an industry than can no longer sustain itself.

Whether the pandemic marks the end of oil is up to me.

Oil reached a record high of US$148 a barrel in 2008 which helped spark the Great Recession.

Oil companies do not have the ability to borrow anymore.

The age of oil is coming to a close.

The Stone Age did not end for lack of stone.

The oil age will end long before the world runs out of oil.

Just a gentle reminder, Mr Roget, do not forget the thank you card for Dr Rowley.

AV Rampersad

Princes Town

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Dear Police Commissioner Griffith,

1. Pathologist Prof Hubert Daisley, in his autopsy report, concluded:

“Injuries to the skull which Andrew S Morris sustained are also fatal. He would have promptly gone into unconsciousness, aspirated and died. He could not have survived for more than 20 minutes with these multiple injuries.”

I’m dreadfully alarmed that there are some 50,000 primary and secondary pupils who have been unable to access remote learning during the past year of “lockdown”.

A double-edged sword.

That is the effect of the Leader of the Opposition calling for Covid-19 vaccines from India, via their Serum Institute of India.

There are benefits to this call, as T&T is on the path to austerity. With revenues barely being able to cover expenditure, including servicing debt, we are genuinely now running on fumes. Import cover at around six months with our US foreign reserves and imminent drawdowns of the HSF—why would we deny ourselves free vaccines?

Beyond a shadow of a doubt, The University of the West Indies (The UWI) is an ethnically-biased academic institution of teaching and learning.

For three days every year in the multi-ethnic society, the Faculty of Humanities and Education at The UWI in Trinidad has been organising a symposium on Carnival, but not even a half-day annual seminar on the Amerindian Santa Rosa Festival, Hosay, Phagwa, Divali or Ramleela, although Ramleela was proclaimed by UNESCO as a masterpiece of the oral and intangible heritage of humanity in 2005.

The world of “high finance”, especially as practised by ministers of finance, continues to baffle me.

How come borrowing money to service your debts a good thing? Aren’t you going to sink deeper into the quicksand? Doesn’t that increase your debt-servicing requirements? Apparently, that’s what smart ministers of finance do.

On the issue of Kamla Persad-Bissessar’s letter to the Indian prime minister for Covid vaccines, I don’t know what the big fuss is about. The two ministers are making a mountain out of a mole hill.