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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?
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
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.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?
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_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
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.
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
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?
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
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.
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
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.
.
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
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.
.
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.
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.
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.
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.
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.
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
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.
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
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.
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.
paid_influencer wrote:agreed. 2010-2015 was the golden years economically
the only better time was under Manning in the early 00's.
Greenday 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.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?
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
Numb3r4 wrote:GATE still exists and can be accessed it hasn't been removed.
paid_influencer wrote:Numb3r4 wrote:GATE still exists and can be accessed it hasn't been removed.
lmao
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
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