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Petrotrin refinery shut down

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Re: Petrotrin refinery shut down

Postby Habit7 » February 26th, 2021, 7:51 pm

TPHL-Corporate-Structure-Chart[1].jpg


ISPATT-closed down
British West Indian Airways-closed down
Petrotrin-restructured and now a subsidiary of TPLH

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Re: Petrotrin refinery shut down

Postby paid_influencer » February 26th, 2021, 8:22 pm

two things strike me about that video.

first, that it has 2,443 views. Very limited viewership given the widespread impact of Petrotrin's closure.

second, it was released on Sep 5, 2018, which is mid-way through Rowley's first term. There was no political pressure for him to go there and say that. Maybe he just wanted to give them some hope before bussing the throat?

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Re: Petrotrin refinery shut down

Postby sMASH » February 26th, 2021, 8:24 pm

petrotrin had alllll those things goin on. it was shut down, all all all the people sent home and new businesses started. then they took all the old things and lump it together and give it the name 'petrotrin'. like they take the petrotrin sign by the road, and pelt it on the old shed by the maintenance shop and tell the reporters, 'look, petrotrin still here! take pictures for habit to spread that petrotrin didnt close down'

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Re: Petrotrin refinery shut down

Postby sMASH » February 26th, 2021, 8:28 pm

paid_influencer wrote:two things strike me about that video.

first, that it has 2,443 views. Very limited viewership given the widespread impact of Petrotrin's closure.

second, it was released on Sep 5, 2018, which is mid-way through Rowley's first term. There was no political pressure for him to go there and say that. Maybe he just wanted to give them some hope before bussing the throat?

throw corn for fowl to prattle. so when any one watching the moves going on, and raise the voice, u will have that vid there as the source cited for people like habit to shout hard, 'PNM NOT CLOSING PETROTRIN' and they go beat drum, shake shak shak and boom, party done.

and the dummies gone back and vote for him cause roget chain them up thinking they gonna get refinery to own.

21st century slave catching. dummies.

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Re: Petrotrin refinery shut down

Postby shake d livin wake d dead » February 26th, 2021, 8:33 pm

Roget and them got blanked again. That's 4 in total. Massy oil and gas soon cometh

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Re: Petrotrin refinery shut down

Postby The_Honourable » February 26th, 2021, 9:29 pm

Habit7 wrote:TPHL-Corporate-Structure-Chart[1].jpg

ISPATT-closed down
British West Indian Airways-closed down
Petrotrin-restructured and now a subsidiary of TPLH


Habit7 stop it :lol:

When Dr. Rowley stated that he was not closing Petrotrin, it revolved around the question if he was shutting 100% operations of the company down. His answer was interpreted by the pnm and the population that petrotrin would still be around operationally but simply a restructure or "rationalizing" of the company.

We all know what happened after that... Espinet announced the refinery will be shut down because the refining business making a loss and costing T&T millions in Forex. After a directive from cabinet, he turn around and said "all all all" going home as in the whole company. Petrotrin was shut down and only exists as a legal name dealing with lands and pension.

It was very bad PR and the execution was shaky but they manage to pull it off. Like him or not, Espinet did what he had to do from an economic point of view. Heritage and Paria started off at a loss in 2018-2019 where as of 2019-2020, they are profit making companies.

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Re: Petrotrin refinery shut down

Postby sMASH » February 26th, 2021, 9:49 pm

petrotrin did shut down so hard, even the security guard get put out.. amalgamated end up manning the gates, and one setta equipment get mumford

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Re: Petrotrin refinery shut down

Postby Greenday » February 26th, 2021, 11:46 pm

sMASH wrote:
Habit7 wrote:
Ben_spanna wrote:So was it govts plan all along to sell it to the 1% OR a the government of China? lets make some bets!

What is with you all and this 1% talk?

You expect Tony's Mini Mart's to bid for a refinery?
we dont expect pnm to be honest and say they closing it to redistribute the debt then pass it off to the financier.
pnm utter the words they not closing it, they not selling it, and they putting it up for public bidding.

we just rolling with their ever changing public releases.


is a good ting this isnt sparta where each man is accountable for the words they say.... is like, how much accounts pnm have??? which one is the truth.


The same was said about GATE funding

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Re: Petrotrin refinery shut down

Postby Habit7 » February 27th, 2021, 12:21 am

The_Honourable wrote:
Habit7 wrote:TPHL-Corporate-Structure-Chart[1].jpg

ISPATT-closed down
British West Indian Airways-closed down
Petrotrin-restructured and now a subsidiary of TPLH


Habit7 stop it :lol:

When Dr. Rowley stated that he was not closing Petrotrin, it revolved around the question if he was shutting 100% operations of the company down. His answer was interpreted by the pnm and the population that petrotrin would still be around operationally but simply a restructure or "rationalizing" of the company.

We all know what happened after that... Espinet announced the refinery will be shut down because the refining business making a loss and costing T&T millions in Forex. After a directive from cabinet, he turn around and said "all all all" going home as in the whole company. Petrotrin was shut down and only exists as a legal name dealing with ands and pension.

It was very bad PR and the execution was shaky but they manage to pull it off. Like him or not, Espinet did what he had to do from an economic point of view. Heritage and Paria started off at a loss in 2018-2019 where as of 2019-2020, they are profit making companies.

I disagree, the govt did not close down Petrotrin as was done with other state companies. It had several problems included being overstaffed and overpaid. Ending the salary obligations with firing everybody had to be done to remedy this otherwise the state would be open to litigation if they just cut salaries. The refining and marketing section was closed down but the exploration and production section was restructured. This was stated at that time, but malicious partisans pull one quote out of context and lie down the road.
Dr Keith Rowley
4 September 2018 ·

The Government is not closing down Petrotrin.
The energy company will be restructured.
https://www.facebook.com/permalink.php? ... 3240978278


HPCL made a profit in 2018-2019 https://trinidadexpress.com/business/lo ... 4a013.html

Get it right

Habit7 wrote:
sMASH wrote: we dont expect pnm to be honest and say they closing it to redistribute the debt then pass it off to the financier.
pnm utter the words they not closing it, they not selling it, and they putting it up for public bidding.

Really, when?

I still waiting for your attempt to substantiate this lie.

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Re: Petrotrin refinery shut down

Postby Redman » February 27th, 2021, 7:12 am

The_Honourable wrote:
Habit7 wrote:TPHL-Corporate-Structure-Chart[1].jpg

ISPATT-closed down
British West Indian Airways-closed down
Petrotrin-restructured and now a subsidiary of TPLH


Habit7 stop it :lol:

When Dr. Rowley stated that he was not closing Petrotrin, it revolved around the question if he was shutting 100% operations of the company down. His answer was interpreted by the pnm and the population that petrotrin would still be around operationally but simply a restructure or "rationalizing" of the company.

We all know what happened after that... Espinet announced the refinery will be shut down because the refining business making a loss and costing T&T millions in Forex. After a directive from cabinet, he turn around and said "all all all" going home as in the whole company. Petrotrin was shut down and only exists as a legal name dealing with lands and pension.

It was very bad PR and the execution was shaky but they manage to pull it off. Like him or not, Espinet did what he had to do from an economic point of view. Heritage and Paria started off at a loss in 2018-2019 where as of 2019-2020, they are profit making companies.


Rowley s pronouncement was premature...given the unions response to the restructuring, which killed quicker fix.
All now they still striking.
Yes they ballzing up the refinery sale...they've also given the single local entity to bid as much, maybe too much of a shot to acquire as is reasonable.

The PP and Ramnarine ignored all the long term problems despite having all the tools needed to solve them.

At least this govt had the balls to do what was considered political suicide in order to solve the problem.

.

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Re: Petrotrin refinery shut down

Postby daxt0r » February 27th, 2021, 7:53 am

Redman wrote:
The_Honourable wrote:
Habit7 wrote:TPHL-Corporate-Structure-Chart[1].jpg

ISPATT-closed down
British West Indian Airways-closed down
Petrotrin-restructured and now a subsidiary of TPLH


Habit7 stop it :lol:

When Dr. Rowley stated that he was not closing Petrotrin, it revolved around the question if he was shutting 100% operations of the company down. His answer was interpreted by the pnm and the population that petrotrin would still be around operationally but simply a restructure or "rationalizing" of the company.

We all know what happened after that... Espinet announced the refinery will be shut down because the refining business making a loss and costing T&T millions in Forex. After a directive from cabinet, he turn around and said "all all all" going home as in the whole company. Petrotrin was shut down and only exists as a legal name dealing with lands and pension.

It was very bad PR and the execution was shaky but they manage to pull it off. Like him or not, Espinet did what he had to do from an economic point of view. Heritage and Paria started off at a loss in 2018-2019 where as of 2019-2020, they are profit making companies.


Rowley s pronouncement was premature...given the unions response to the restructuring, which killed quicker fix.
All now they still striking.
Yes they ballzing up the refinery sale...they've also given the single local entity to bid as much, maybe too much of a shot to acquire as is reasonable.

The PP and Ramnarine ignored all the long term problems despite having all the tools needed to solve them.

At least this govt had the balls to do what was considered political suicide in order to solve the problem.

.


Yea they could cut PT cuz they know they supporters ah bunch of sheep, who will accept anytime massa say like a good slave lol. They rather suffer without ah wuk under PNM dan move forward under any alternative.
The problem with PT start from wayyyy back, one was the merger of the PNM-infested free-for-all Trintoc into Trintopec to form PT. But just like WASA and every state entity it is a PNM feeding trough, and as the minister did say, it suffered from billions lost due to political influence over the decades.
As far as i know is only one party in power for decades, so yea they could more than cut PT and the sheep will hush, one was so dunce to he even get fooled by an election promise for a refinery, ended up like an ass didn't he, no complaints like a good sheep though, silly fully dunce supporter refinery is for real massa, aka financiers.

I pray to god they have the same balls to go after WASA, then NLCB, then URP then CEPEP and all the rest of feeding troughs terminating DECADES of political patronage for useless low productivity workers.

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Re: Petrotrin refinery shut down

Postby De Dragon » February 27th, 2021, 10:03 am

Redman wrote:
The_Honourable wrote:
Habit7 wrote:TPHL-Corporate-Structure-Chart[1].jpg

ISPATT-closed down
British West Indian Airways-closed down
Petrotrin-restructured and now a subsidiary of TPLH


Habit7 stop it :lol:

When Dr. Rowley stated that he was not closing Petrotrin, it revolved around the question if he was shutting 100% operations of the company down. His answer was interpreted by the pnm and the population that petrotrin would still be around operationally but simply a restructure or "rationalizing" of the company.

We all know what happened after that... Espinet announced the refinery will be shut down because the refining business making a loss and costing T&T millions in Forex. After a directive from cabinet, he turn around and said "all all all" going home as in the whole company. Petrotrin was shut down and only exists as a legal name dealing with lands and pension.

It was very bad PR and the execution was shaky but they manage to pull it off. Like him or not, Espinet did what he had to do from an economic point of view. Heritage and Paria started off at a loss in 2018-2019 where as of 2019-2020, they are profit making companies.


Rowley s pronouncement was premature...given the unions response to the restructuring, which killed quicker fix.
All now they still striking.
Yes they ballzing up the refinery sale...they've also given the single local entity to bid as much, maybe too much of a shot to acquire as is reasonable.

The PP and Ramnarine ignored all the long term problems despite having all the tools needed to solve them.

At least this govt had the balls to do what was considered political suicide in order to solve the problem.

.

Really? What tools suddenly materialized during the single term of the PP, that weren't available to the LFD RFD PNM for decades including not one but two oil booms??
The decision to shut down PT still looks bumbling because the refinery is still unsold years later. Despite the tripe your cohort Habit7 tries to push, the refinery is still costing us money once it remains in the hands of the Government.

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Re: Petrotrin refinery shut down

Postby Habit7 » February 27th, 2021, 11:33 am

De Dragon wrote:Really? What tools suddenly materialized during the single term of the PP, that weren't available to the LFD RFD PNM for decades including not one but two oil booms??
The decision to shut down PT still looks bumbling because the refinery is still unsold years later. Despite the tripe your cohort Habit7 tries to push, the refinery is still costing us money once it remains in the hands of the Government.

The first boom was an oil boom due to increased oil prices in the late 70s. The second boom was a gas boom in the 2000s due to Manning's wise decision to position TT as a gas based economy. Petrotrin didn't exist in the first boom and second boom grew our economy and left $14B in NGC's account. However as great as they were with other things, Manning allowed PT to become a runaway horse. PP had 4yrs of ~$90 oil prices and could have adjusted and restructured Petrotrin. But they just choose to offset the losses and acknowledged if things don't change the refinery would have to be closed.

It is funny that you have the hubris to call what I post tripe when you post like the above.

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Re: Petrotrin refinery shut down

Postby matix » February 27th, 2021, 11:40 am

So petrotrin wasn’t closed because of the barrels of water being sold to them? I really need to stop all this rum drinking

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Re: Petrotrin refinery shut down

Postby De Dragon » February 27th, 2021, 12:10 pm

Habit7 wrote:
De Dragon wrote:Really? What tools suddenly materialized during the single term of the PP, that weren't available to the LFD RFD PNM for decades including not one but two oil booms??
The decision to shut down PT still looks bumbling because the refinery is still unsold years later. Despite the tripe your cohort Habit7 tries to push, the refinery is still costing us money once it remains in the hands of the Government.

The first boom was an oil boom due to increased oil prices in the late 70s. The second boom was a gas boom in the 2000s due to Manning's wise decision to position TT as a gas based economy. Petrotrin didn't exist in the first boom and second boom grew our economy and left $14B in NGC's account. However as great as they were with other things, Manning allowed PT to become a runaway horse. PP had 4yrs of ~$90 oil prices and could have adjusted and restructured Petrotrin. But they just choose to offset the losses and acknowledged if things don't change the refinery would have to be closed.

It is funny that you have the hubris to call what I post tripe when you post like the above.

You've still not explained why all other oil/gas nations like Norway, Qatar etc, diversified/saved their earnings while the LFD RFD PNM squandered the majority of ours. While PT may not have existed, the taxes/royalties/licenses did, and would have accrued to the country. Mannings's "wise" decision was more pragmatic than anything else because our oil production had already declined to irretrievable levels, so while it appeared a good one, it was largely due to Ken Julien reading the writng on the wall.
Look at what exists at Pt. Lisas today though, multiple plants shut , some of them forever, so LFD RFD PNM is now overseeing the death of the downstream gas based economy as well. Red Plastic could cite Poten all he wants, but that is an indisputable fact.
And again, your assertion that even a shuttered PT costs us nothing is tripe.

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Re: Petrotrin refinery shut down

Postby sMASH » February 27th, 2021, 1:04 pm

ey, the earnings for the country is saved... jess look at nahous bank accounts... the treasury is just conduit.
rowley allowed farmers to not pay income tax. rowley has his farmer's badge. so no matter what money he has in his account, it not gonna get flagged.

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Re: Petrotrin refinery shut down

Postby De Dragon » February 27th, 2021, 1:38 pm

sMASH wrote:ey, the earnings for the country is saved... jess look at nahous bank accounts... the treasury is just conduit.
rowley allowed farmers to not pay income tax. rowley has his farmer's badge. so no matter what money he has in his account, it not gonna get flagged.

Plastic and Pornsie and the rest of the LFD RFD PNM crew seem to favour not kiiling the golden egg laying goose, but to throw away the eggs :roll:

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Re: Petrotrin refinery shut down

Postby Habit7 » February 27th, 2021, 2:16 pm

De Dragon wrote:
Habit7 wrote:
De Dragon wrote:Really? What tools suddenly materialized during the single term of the PP, that weren't available to the LFD RFD PNM for decades including not one but two oil booms??
The decision to shut down PT still looks bumbling because the refinery is still unsold years later. Despite the tripe your cohort Habit7 tries to push, the refinery is still costing us money once it remains in the hands of the Government.

The first boom was an oil boom due to increased oil prices in the late 70s. The second boom was a gas boom in the 2000s due to Manning's wise decision to position TT as a gas based economy. Petrotrin didn't exist in the first boom and second boom grew our economy and left $14B in NGC's account. However as great as they were with other things, Manning allowed PT to become a runaway horse. PP had 4yrs of ~$90 oil prices and could have adjusted and restructured Petrotrin. But they just choose to offset the losses and acknowledged if things don't change the refinery would have to be closed.

It is funny that you have the hubris to call what I post tripe when you post like the above.

You've still not explained why all other oil/gas nations like Norway, Qatar etc, diversified/saved their earnings while the LFD RFD PNM squandered the majority of ours. While PT may not have existed, the taxes/royalties/licenses did, and would have accrued to the country. Mannings's "wise" decision was more pragmatic than anything else because our oil production had already declined to irretrievable levels, so while it appeared a good one, it was largely due to Ken Julien reading the writng on the wall.
Look at what exists at Pt. Lisas today though, multiple plants shut , some of them forever, so LFD RFD PNM is now overseeing the death of the downstream gas based economy as well. Red Plastic could cite Poten all he wants, but that is an indisputable fact.
And again, your assertion that even a shuttered PT costs us nothing is tripe.

I still didn't explain anything because you never brought it up. This is just your diversionary tactic when you are proven wrong.

worlds-biggest-crude-oil-reserves-by-country-fd68.jpg

So when you want to compare T&T to Norway and Qatar how about you reference actual specific quantities and not generalities and that we should have done better. This could be said of any situation. This is where we are now, these are the decisions that have to be made and you are obviously too uninformed to understand them.

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Re: Petrotrin refinery shut down

Postby sMASH » February 27th, 2021, 2:21 pm

Habit7 wrote:
De Dragon wrote:
Habit7 wrote:
De Dragon wrote:Really? What tools suddenly materialized during the single term of the PP, that weren't available to the LFD RFD PNM for decades including not one but two oil booms??
The decision to shut down PT still looks bumbling because the refinery is still unsold years later. Despite the tripe your cohort Habit7 tries to push, the refinery is still costing us money once it remains in the hands of the Government.

The first boom was an oil boom due to increased oil prices in the late 70s. The second boom was a gas boom in the 2000s due to Manning's wise decision to position TT as a gas based economy. Petrotrin didn't exist in the first boom and second boom grew our economy and left $14B in NGC's account. However as great as they were with other things, Manning allowed PT to become a runaway horse. PP had 4yrs of ~$90 oil prices and could have adjusted and restructured Petrotrin. But they just choose to offset the losses and acknowledged if things don't change the refinery would have to be closed.

It is funny that you have the hubris to call what I post tripe when you post like the above.

You've still not explained why all other oil/gas nations like Norway, Qatar etc, diversified/saved their earnings while the LFD RFD PNM squandered the majority of ours. While PT may not have existed, the taxes/royalties/licenses did, and would have accrued to the country. Mannings's "wise" decision was more pragmatic than anything else because our oil production had already declined to irretrievable levels, so while it appeared a good one, it was largely due to Ken Julien reading the writng on the wall.
Look at what exists at Pt. Lisas today though, multiple plants shut , some of them forever, so LFD RFD PNM is now overseeing the death of the downstream gas based economy as well. Red Plastic could cite Poten all he wants, but that is an indisputable fact.
And again, your assertion that even a shuttered PT costs us nothing is tripe.

I still didn't explain anything because you never brought it up. This is just your diversionary tactic when you are proven wrong.

worlds-biggest-crude-oil-reserves-by-country-fd68.jpg
So when you want to compare T&T to Norway and Qatar how about you reference actual specific quantities and not generalities and that we should have done better. This could be said of any situation. This is where we are now, these are the decisions that have to be made and you are obviously too uninformed to understand them.

'this is where we are now, these are the decisions being made'.... famous last economic words.
the amount of big money projects we have started since WE were told to tighten our belts, one would not believe we are in hard times.

plenty good words spewed on platforms, but the actions dont match.

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Re: Petrotrin refinery shut down

Postby Redman » February 27th, 2021, 2:55 pm

De Dragon wrote:
Redman wrote:
The_Honourable wrote:
Habit7 wrote:TPHL-Corporate-Structure-Chart[1].jpg

ISPATT-closed down
British West Indian Airways-closed down
Petrotrin-restructured and now a subsidiary of TPLH


Habit7 stop it :lol:

When Dr. Rowley stated that he was not closing Petrotrin, it revolved around the question if he was shutting 100% operations of the company down. His answer was interpreted by the pnm and the population that petrotrin would still be around operationally but simply a restructure or "rationalizing" of the company.

We all know what happened after that... Espinet announced the refinery will be shut down because the refining business making a loss and costing T&T millions in Forex. After a directive from cabinet, he turn around and said "all all all" going home as in the whole company. Petrotrin was shut down and only exists as a legal name dealing with lands and pension.

It was very bad PR and the execution was shaky but they manage to pull it off. Like him or not, Espinet did what he had to do from an economic point of view. Heritage and Paria started off at a loss in 2018-2019 where as of 2019-2020, they are profit making companies.


Rowley s pronouncement was premature...given the unions response to the restructuring, which killed quicker fix.
All now they still striking.
Yes they ballzing up the refinery sale...they've also given the single local entity to bid as much, maybe too much of a shot to acquire as is reasonable.

The PP and Ramnarine ignored all the long term problems despite having all the tools needed to solve them.

At least this govt had the balls to do what was considered political suicide in order to solve the problem.

.

Really? What tools suddenly materialized during the single term of the PP, that weren't available to the LFD RFD PNM for decades including not one but two oil booms??
The decision to shut down PT still looks bumbling because the refinery is still unsold years later. Despite the tripe your cohort Habit7 tries to push, the refinery is still costing us money once it remains in the hands of the Government.



-100 oil
-Highest revenue for any five year period
-Constitutional majority...
-strong mandate from the population in the earlies.
-And the knowledge that the problems were such that the space to kick the can down the road was done.

So knowledge, money, mandate and the time to do something....what did they do?
Pad Petrotrin
Pad WASA
Raid NGC.


Ramnarine knows everything now....but they did not to what they could have done with the economic situation they had.

Failure.

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Re: Petrotrin refinery shut down

Postby De Dragon » February 27th, 2021, 3:22 pm

Redman wrote:
De Dragon wrote:
Redman wrote:
The_Honourable wrote:
Habit7 wrote:TPHL-Corporate-Structure-Chart[1].jpg

ISPATT-closed down
British West Indian Airways-closed down
Petrotrin-restructured and now a subsidiary of TPLH


Habit7 stop it :lol:

When Dr. Rowley stated that he was not closing Petrotrin, it revolved around the question if he was shutting 100% operations of the company down. His answer was interpreted by the pnm and the population that petrotrin would still be around operationally but simply a restructure or "rationalizing" of the company.

We all know what happened after that... Espinet announced the refinery will be shut down because the refining business making a loss and costing T&T millions in Forex. After a directive from cabinet, he turn around and said "all all all" going home as in the whole company. Petrotrin was shut down and only exists as a legal name dealing with lands and pension.

It was very bad PR and the execution was shaky but they manage to pull it off. Like him or not, Espinet did what he had to do from an economic point of view. Heritage and Paria started off at a loss in 2018-2019 where as of 2019-2020, they are profit making companies.


Rowley s pronouncement was premature...given the unions response to the restructuring, which killed quicker fix.
All now they still striking.
Yes they ballzing up the refinery sale...they've also given the single local entity to bid as much, maybe too much of a shot to acquire as is reasonable.

The PP and Ramnarine ignored all the long term problems despite having all the tools needed to solve them.

At least this govt had the balls to do what was considered political suicide in order to solve the problem.

.

Really? What tools suddenly materialized during the single term of the PP, that weren't available to the LFD RFD PNM for decades including not one but two oil booms??
The decision to shut down PT still looks bumbling because the refinery is still unsold years later. Despite the tripe your cohort Habit7 tries to push, the refinery is still costing us money once it remains in the hands of the Government.



-100 oil
-Highest revenue for any five year period
-Constitutional majority...
-strong mandate from the population in the earlies.
-And the knowledge that the problems were such that the space to kick the can down the road was done.

So knowledge, money, mandate and the time to do something....what did they do?
Pad Petrotrin
Pad WASA
Raid NGC.


Ramnarine knows everything now....but they did not to what they could have done with the economic situation they had.

Failure.

Leaving out the LFD RFD PNM again!
How does 5 year $100 dollar oil compare to lower priced oil, for decades under the LFD RFD PNM?
Didn't they enjoy more times with Parliamentary majorities?
Pad? You real delusional! Those companies have been padded for years under the PNM "jobs for the boys schemes"
Once again pulling answers in your nether regions :roll:
Once again ascribing abilities to one party again :roll:
Once again being an abject and total LFD RFD PNM apologist :roll:

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De Dragon
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Re: Petrotrin refinery shut down

Postby De Dragon » February 27th, 2021, 3:25 pm

Habit7 wrote:
De Dragon wrote:
Habit7 wrote:
De Dragon wrote:Really? What tools suddenly materialized during the single term of the PP, that weren't available to the LFD RFD PNM for decades including not one but two oil booms??
The decision to shut down PT still looks bumbling because the refinery is still unsold years later. Despite the tripe your cohort Habit7 tries to push, the refinery is still costing us money once it remains in the hands of the Government.

The first boom was an oil boom due to increased oil prices in the late 70s. The second boom was a gas boom in the 2000s due to Manning's wise decision to position TT as a gas based economy. Petrotrin didn't exist in the first boom and second boom grew our economy and left $14B in NGC's account. However as great as they were with other things, Manning allowed PT to become a runaway horse. PP had 4yrs of ~$90 oil prices and could have adjusted and restructured Petrotrin. But they just choose to offset the losses and acknowledged if things don't change the refinery would have to be closed.

It is funny that you have the hubris to call what I post tripe when you post like the above.

You've still not explained why all other oil/gas nations like Norway, Qatar etc, diversified/saved their earnings while the LFD RFD PNM squandered the majority of ours. While PT may not have existed, the taxes/royalties/licenses did, and would have accrued to the country. Mannings's "wise" decision was more pragmatic than anything else because our oil production had already declined to irretrievable levels, so while it appeared a good one, it was largely due to Ken Julien reading the writng on the wall.
Look at what exists at Pt. Lisas today though, multiple plants shut , some of them forever, so LFD RFD PNM is now overseeing the death of the downstream gas based economy as well. Red Plastic could cite Poten all he wants, but that is an indisputable fact.
And again, your assertion that even a shuttered PT costs us nothing is tripe.

I still didn't explain anything because you never brought it up. This is just your diversionary tactic when you are proven wrong.

worlds-biggest-crude-oil-reserves-by-country-fd68.jpg
So when you want to compare T&T to Norway and Qatar how about you reference actual specific quantities and not generalities and that we should have done better. This could be said of any situation. This is where we are now, these are the decisions that have to be made and you are obviously too uninformed to understand them.

Oddly, you were the one hiding behind years old GDP figures recently, so you know how these disproportionate absolute numbers can be compared among countries :roll: Playing(?) dotish again.

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Re: Petrotrin refinery shut down

Postby paid_influencer » February 27th, 2021, 3:26 pm

agreed. 2010-2015 was the golden years economically

the only better time was under Manning in the early 00's.

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De Dragon
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Re: Petrotrin refinery shut down

Postby De Dragon » February 27th, 2021, 3:55 pm

paid_influencer wrote:agreed. 2010-2015 was the golden years economically

the only better time was under Manning in the early 00's.

Not according to Plastic. According to him the only time in our history when we had good economic times was 2010-2015, and the only GORTT in our history to squander that windfall was the PP :roll:

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Re: Petrotrin refinery shut down

Postby Numb3r4 » February 27th, 2021, 6:04 pm

Greenday wrote:
sMASH wrote:
Habit7 wrote:
Ben_spanna wrote:So was it govts plan all along to sell it to the 1% OR a the government of China? lets make some bets!

What is with you all and this 1% talk?

You expect Tony's Mini Mart's to bid for a refinery?
we dont expect pnm to be honest and say they closing it to redistribute the debt then pass it off to the financier.
pnm utter the words they not closing it, they not selling it, and they putting it up for public bidding.

we just rolling with their ever changing public releases.


is a good ting this isnt sparta where each man is accountable for the words they say.... is like, how much accounts pnm have??? which one is the truth.


The same was said about GATE funding


GATE still exists and can be accessed it hasn't been removed.

I think under $10,000.00 household income you qualify for full 100% tuition. As your household bracket changes you get a percentage covered by the government.

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Re: Petrotrin refinery shut down

Postby paid_influencer » February 27th, 2021, 6:50 pm

Numb3r4 wrote:GATE still exists and can be accessed it hasn't been removed.


lmao

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Re: Petrotrin refinery shut down

Postby Numb3r4 » February 28th, 2021, 3:23 am

paid_influencer wrote:
Numb3r4 wrote:GATE still exists and can be accessed it hasn't been removed.


lmao


No serious the fee booklet still has it for this year 2020/2021.
The also added a minimum GPA requirement of 2.0 any lower and no GATE.

Kids getting it but parents still have to take out a loan for housing.

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Re: Petrotrin refinery shut down

Postby Redman » March 1st, 2021, 12:42 pm

De Dragon wrote:
paid_influencer wrote:agreed. 2010-2015 was the golden years economically

the only better time was under Manning in the early 00's.

Not according to Plastic. According to him the only time in our history when we had good economic times was 2010-2015, and the only GORTT in our history to squander that windfall was the PP :roll:


Dragon.
Again you embellishing exaggerating and outright making up crap.
You worse than ZR.

You asked what tools the UNC has 2010-2015.
You get the list-which also did not include the simple facts that the country was running surpluses, and had about 40B in debt in 2010, with revenue averaging since 2005 at 42B ish

Despite record oil and revenue-the PP elected to borrow,run deficits and raid every state enterprise for cash-and left a ton of unpaid unfinished business on the books.
We ended up in 2015 with 5 years of record revenue (Avg 51B) 70% more debt, 4 years of deficit spending on record budgets, completed but unsettled wage negotiations and of course Billion dollar law suites from the selected contractors...held back until after elections.- and a messy global picture.
And an economy operating at unsustainable level of expenditure.

PNMs time in office didnt force UNC to spend like idiots-infact the fiscal position was a strong one in 2010....maybe they should have continued it.
The PNM not responsible for 2010-2015. UNC is.

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Re: Petrotrin refinery shut down

Postby Numb3r4 » March 1st, 2021, 9:09 pm

What's going on with NiQuan and World GTL?

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Re: Petrotrin refinery shut down

Postby sMASH » March 1st, 2021, 10:05 pm

Steam plant was Starting up a month now, and no production?
Somethings amiss.

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