The St. Lucia government says it expects to accrue major benefits for the island following the decision of Castries to join the Venezuelan oil initiative, PetroCaribe.
“This will make it possible for the country to receive a regular supply of petroleum products from Venezuela under the PetroCaribe arrangements that are currently being utilized by several other nations in the Caribbean,” a statement issued by the Ministry of Sustainable Development and Energy.
It said that the decision to join PetroCaribe had been taken against a background of ever-escalating fuel costs and the adverse impact this was having on the economy, which is totally dependent on imported petroleum products.
Folks at the rate dem caribbean fellahs jumping `pon dis petrocaribe bandwagon, is either they run chavez broke, or stifle their grandchildren with unbearable loan payments.
In 2007, Chavez replaced the “old” Bolivar with the “Bolivar fuerte” (literally, the “strong Bolivar”) at a ratio of 1:1000. The new fixed ratio against the US Dollar duly became 1.60:1. That rate quickly became 2.15:1 in February 2008, 2.60:1 in January 2010 and 4.30:1 in January 2011.
The Bolivar was devalued once again – to a ratio of 6.30:1 against the US Dollar, on February 13, 2013, constant devaluations making Venezuelans poorer and St.Lucia joining Alba and skerrit is seen as an architect, well Dominica will remain poor with that high level of ignorance.
i am all for petrocaribe..as a native lucian ..myself..sadly we as an OECS entity have to forgo buying oil from trinidad which is part of us .. but just as each person on this planet we make selfish deals as a nation.. but i think if trinidad had to make a deal with the USA or OECS and if america was offering a better deal trinidad would choose the states above us in the caribbean.. likewise
The Master Architect..Hon. Roosevelt Skerrit
This once again validates the Hon. PM’s decision to join PetroCaribe. First, it was his decision on China – he moved first and then other follow. Hats off to our fearless leader!
Now then,
The St.Lucian Labour Party government lead by Dr.Kenny Anthony has less than 100 days in government.
I agree that the UWP during their reign should have done that from the inception, but as proven by the mandate the Labour party received they lacked the vision and fortitude to move the country forward, akin to what Z’s would recommend.
Make our”PM” look like a genius,and saying “I told you so”.But in ST.Lucia`s case “PRIDE GOES BEFORE A FALL” OR they were suffering from” tunnel
Vision”.LABOURRRRRRRRRRRRRRRRRRRR! Having fun!
Now then St. Lucia..when Chavez well sick….you should have done that long time. Supposed He GOES…maybe the next leader won’t be like him….you should have struck when the iron was hot
DA PM thanks God 4 u.
NoT True St Lucians you will never see any benefit. Dont be taken for a ride like DA
shouldn’t they atleast try………?
taken for a ride ? boy boy boy.
I don’t know what you’re talking about. But I find the cooking gas reasonable and I can get my gas when it doesn’t have shell.
es you can get ou cooking gas when the othere is unavaliable but at what future cost?
Im sure they negotiate a lot better than we do.