The President and Chief Executive Officer of Massy Group, Gervase Warner says falling oil prices will not impact on his company and Trinidad and Tobago; at least, just not yet.
The price of oil has fallen by 25 percent since June to about US$80 dollars per barrel- about the same figure to which Trinidad and Tobago’s budget is pegged.
The Massy boss says companies like his will not be affected by lower oil prices unless it falls to about US$70 dollars per barrel.
Mr. Warner says cheaper oil is good news for non-oil producing countries in the Caribbean. The Trinidad and Tobago government hopes to cushion the revenue loss from oil with earnings from natural gas
You can listen today’s programme here: http://api.spreaker.com/download/episode/5153398/caribnewsdesk_oct31_2014.mp3
Also in today’s programme:
Guyana’s Opposition Leader shuts the door on future talks with the President on Local Government Elections
Trinidad and Tobago’s Attorney General insists on thorough probe into cocaine-surgery
US and other experts map Ebola strategy in Cuba
The Dominican Republic charges someone with terrorism for the first time