Diversification! Oil prices falling!

[sMASH]

^^not gonna last forever, places will be ramping back up within the next month, so demand will go up.

[jm3]

I might be confused... But anytime I read an article where imburt reference an oil price it was always WTI... So much so that I downloaded an app to display WTI on my main screen and track WTI prices...

All of a sudden because WTI is -$37 they was referencing Brent... I thought I was crazy and just pull up some express articles and read imburt quotes and price references in the write-up and if you go on a historical WTI oil price website it matches.

I must be doing something wrong...

Check the financials of some of the local producers-they benchmark to brent.

Can you kindly provide links of these reports that go into budget decisions

they use the data conveniently when it fits the plan.

[Redman]

I might be confused... But anytime I read an article where imburt reference an oil price it was always WTI... So much so that I downloaded an app to display WTI on my main screen and track WTI prices...

All of a sudden because WTI is -$37 they was referencing Brent... I thought I was crazy and just pull up some express articles and read imburt quotes and price references in the write-up and if you go on a historical WTI oil price website it matches.

I must be doing something wrong...

Check the financials of some of the local producers-they benchmark to brent.

Can you kindly provide links of these reports that go into budget decisions

Yes GORTT uses WTIas a benchmark for years.

However it seems factual that our crude is linked to Brent.

A)The MoF has said that we were getting more that WTI for our crude, multiple times over the last few years

B)Some of the producers here reference Brent in their financials and fairly high realized prices vs WTI.

Now generally Brent trades above WTI..but with in a range, so in general terms referencing WTI for continuity sake..is arguable.

.so if A was a lie....B would not since its public companies reporting their results.
However that would imply that Heritage is paying way more that it selling for.

Before the sale of the refinery..they purchased crude from locals based on WTI.

Probably the seaborne trade validated the switch to Brent since the futures markets have ballzed up WTI prices a few times, based on local conditions in Cushing.
Which would have been a technical detail up until this week.

[elec2020]

I might be confused... But anytime I read an article where imburt reference an oil price it was always WTI... So much so that I downloaded an app to display WTI on my main screen and track WTI prices...

All of a sudden because WTI is -$37 they was referencing Brent... I thought I was crazy and just pull up some express articles and read imburt quotes and price references in the write-up and if you go on a historical WTI oil price website it matches.

I must be doing something wrong...

Check the financials of some of the local producers-they benchmark to brent.

Can you kindly provide links of these reports that go into budget decisions

they use the data conveniently when it fits the plan.

Agreed

[elec2020]

I might be confused... But anytime I read an article where imburt reference an oil price it was always WTI... So much so that I downloaded an app to display WTI on my main screen and track WTI prices...

All of a sudden because WTI is -$37 they was referencing Brent... I thought I was crazy and just pull up some express articles and read imburt quotes and price references in the write-up and if you go on a historical WTI oil price website it matches.

I must be doing something wrong...

Check the financials of some of the local producers-they benchmark to brent.

Can you kindly provide links of these reports that go into budget decisions

Dont study Redman... he must be feel UWI was just there for style and half of TnT population just have primary level education

[elec2020]

I might be confused... But anytime I read an article where imburt reference an oil price it was always WTI... So much so that I downloaded an app to display WTI on my main screen and track WTI prices...

All of a sudden because WTI is -$37 they was referencing Brent... I thought I was crazy and just pull up some express articles and read imburt quotes and price references in the write-up and if you go on a historical WTI oil price website it matches.

I must be doing something wrong...

Check the financials of some of the local producers-they benchmark to brent.

Can you kindly provide links of these reports that go into budget decisions

Yes GORTT uses WTIas a benchmark for years.

However it seems factual that our crude is linked to Brent.

A)The MoF has said that we were getting more that WTI for our crude, multiple times over the last few years

B)Some of the producers here reference Brent in their financials and fairly high realized prices vs WTI.

Now generally Brent trades above WTI..but with in a range, so in general terms referencing WTI for continuity sake..is arguable.

.so if A was a lie....B would not since its public companies reporting their results.
However that would imply that Heritage is paying way more that it selling for.

Before the sale of the refinery..they purchased crude from locals based on WTI.

Probably the seaborne trade validated the switch to Brent since the futures markets have ballzed up WTI prices a few times, based on local conditions in Cushing.
Which would have been a technical detail up until this week.

Ok.... correct me if you think my opinion is wrong.... WTI is a US benchmark for oil.... Brent is a UK benchmark for oil... why would we be using a UK benchmark for oil... when a simple search on google shows that the US is our biggest trading partner.... by exports and imports... so again thia comment on Brent is our benchmark is foolish... its like saying I budget for premium gas prices when you damn well know the car can only take super

[Redman]

I don't think any one is stupid ...just because they disagree with me.
However one demonstrates stupidity when they argue without facts.
Appreciate the difference,...in fact it's well displayed by a few people here.
I said in the above post the seaborne issue may very well be a rationale.
Beyond that,
The quality of crude is also a component when benchmarking.
..Calypso crude has been linked to Brent for decades.

[elec2020]

One guy here said earlier that when he checked budget figures with WTI prices they match up... as stated earlier the US is your biggest exporter but you budgeting how much revenue you will gain from them using a pricing system (Brent) that is higher than what they use (WTI)... with respect to the discussion on quality wasnt their some discussion on that being the driving factor behind the sulphur conversition plant... that our oil has a higher sulphur content and as such is at a lower quality than what goes on the market... again i have stated things that can be checked for accuracy... as stated earlier... please provide the documents that quote Brent... and documents that go into the budget decision making process... documents from ministry of finance... ministry of energy etc... not from Bourse Securities Ltd, etc

[carluva]

Many of you seem to not have all the facts.

FACT #1:

"Madam Speaker, I propose that the budgeted revenue for 2020 be predicated on the same oil and gas prices assumptions established in the Mid-year Budget Review. I am therefore utilizing an oil price of US$60.00 and a gas price of US$3.00 per MMBtu. Our assumed oil price is below the International Monetary Fund’s oil price forecast of US$63.86 per barrel for 2020 and also lower than the current oil price forecasts made by the World Bank, United States Energy Information Administration (USEIA) and International Energy Agency (IEA)."

This is a direct excerpt from the 2020 budget statement presented in parliament in October 2019. This is accessible from the Ministry of Finance's website.

https://www.finance.gov.tt/wp-content/u ... ed-web.pdf

Note that neither Brent or WTI is mentioned as the basis for the oil price.

FACT #2

The IMF prices for Commodities is available from their website.

https://www.imf.org/~/media/Files/Resea ... able2.ashx

https://www.imf.org/~/media/Files/Resea ... able3.ashx

These tables publish the data for many commodities, including oil. Note that the IMF price quoted/estimated is:

"Average Petroleum Spot Price (APSP). Average of U.K. Brent, Dubai, and West Texas Intermediate, equally weighted."

So, the T&T budget is neither directly based on Brent price or WTI price, but rather the IMF estimate, which is a weighted average of the three main Oil Trading Hubs.

[Gladiator]

Taken from a newspaper article:

Trinidad’s crude oil has an average API of 27-29, which means it is heaver than a typical WTI or Brent oil and has a higher percentage sulfur content. This, together with the fact that our crude is not “known” on the international market, means that the likely sale prices for Trinidad’s crude oil will be at significant discounts to WTI. Some have suggested as much as US$10/bbl less.

[Duane 3NE 2NR]

Check out the explanations here
https://www.enrgytt.com/single-post/202 ... sh-of-2020

[elec2020]

http://rg-59fcf77b2f6d0287cd0789d2810e8 ... reexamined

Petrotrin's oil acreage is highly sulfur and as such sells at a lower price than international benchmarks... as stated in several forums Petrotrin is the largest oil producer in TnT... so oil in general sells at lower than international benchmarks... but the Minister of Energy wants us joe public to believe we using the higher of the two prices when in the first place we selling below both due to the quality of our oil? Redman please explain... the facts jot making sense

[elec2020]

TriniTuner turn into CSI with all these facts

[Redman]

http://rg-59fcf77b2f6d0287cd0789d2810e8400.port2408.net/opinion/2018-09-13/petrotrin%E2%80%99s-galicia-moment-reexamined

Petrotrin's oil acreage is highly sulfur and as such sells at a lower price than international benchmarks... as stated in several forums Petrotrin is the largest oil producer in TnT... so oil in general sells at lower than international benchmarks... but the Minister of Energy wants us joe public to believe we using the higher of the two prices when in the first place we selling below both due to the quality of our oil? Redman please explain... the facts jot making sense

You clearly not reading the posts....Duane posted a link to the Energy Chamber-read it.

Car Luva clearly stated that the MoF did not use HH or WTI in his statement HOWEVER....his reference to the IMF forcast should indicate which benchmark he referenced.

I stated that its a REFERENCE PRICE. Which means that oil that is now exported is compared to the Brent benchmark and based on the actual tested results(done EVERY LOAD) the price is set.

You have 3 different points of information-Read Duanes and Car luvas post and links-form your own opinion.

Some where in either Trinity Exploration or Touchstones Quarterly presentations on their website they indicate that they benching to Brent.
Feel free to check it out-me posting the links are a waste of time-you didnt read any of the others.

[elec2020]

Sigh... Redman... originally the complaint was that the Minister of Energy is trying to bamboozle us by saying that oil prices in TnT are pegged by Brent... my comment was how can we be using a UK pricing mechanism when our biggest trader is the US... how could we be priced at Brent (the higher pricing system of the two) when the quality of our oil means it sells at below international benchmarks... i can not recall budgets mentioning Brent... Carluva and Gladiators comments reinforced my previous points on the budget and the quality of our oil... you stated that companies/firms in TnT quote Brent (evidence outstanding)... also, that the quality of crude is a benchmark for pricing yet still two different articles state that the quality of our oil is below international benchmarks.... and the Minister of Energy wants me to believe that our lower quality oil sells at the higher of the two benchmarks? Redman if you cant see why I believe that the Minister of Energy's comments are false... then i dont know what else to say

[De Dragon]

I would so love to hear Imbert's take on this

1) Blame Kamla
2) Raid HSF more
3) Use it as an excuse to borrow more money
4) Tax us into oblivion

Or

1.Spend a billion dollars on a wastewater treatment plant that his not produced a single drop of water
2.Raid NGC BILLIONS
3. Pay 34 million to a Life sport employee for not a second work
4. Cost taxpayers millions in court compensation for an ill advised SOE
5. Spend 6 million to wreck a 2 million dollars water tender
6. Spend billions in box drain and Penal still flooding
7.Etc

Apples to apples Tokesy, KPB was never MoF. The question was what would Impsy (PNM MoF) do? All you saw was Kamla, PNM, and like a mindless drone, you run in half cocked(if ever there was a more apt description,I've yet to fing it for you btw ) to post the very few words that your pea brain seem capable of retaining.

[Redman]

Sigh... Redman... originally the complaint was that the Minister of Energy is trying to bamboozle us by saying that oil prices in TnT are pegged by Brent... my comment was how can we be using a UK pricing mechanism when our biggest trader is the US... how could we be priced at Brent (the higher pricing system of the two) when the quality of our oil means it sells at below international benchmarks... i can not recall budgets mentioning Brent... Carluva and Gladiators comments reinforced my previous points on the budget and the quality of our oil... you stated that companies/firms in TnT quote Brent (evidence outstanding)... also, that the quality of crude is a benchmark for pricing yet still two different articles state that the quality of our oil is below international benchmarks.... and the Minister of Energy wants me to believe that our lower quality oil sells at the higher of the two benchmarks? Redman if you cant see why I believe that the Minister of Energy's comments are false... then i dont know what else to say

Yes I see why-you dont understand the way this works.
With respect.


As mentioned above WTI is subject to distortions as a result of its primary trading point, being in the middle of the US.
therefore the price of WTI includes a land transport component that will impact its price.We saw this multiple times in the past.It is what we are seeing now.
WTI price was suppressed by local conditions -storage at that point being the regular occurrence.

Brents trading point is coastal, used by the majority of oil worldwide.

Given its coastal location the price is not encumbered by the transportation/storage/US refining component-and is considered a better reflection of seaborne oil.

Trinidads oil is seaborne.
Brent is seaborne.

Brent over the years has become the chosen reference for contracts since it reflects more closely a tanker full of oil in the Atlantic vs the land locked WTI.

So it makes sense for us to use Brent when contracting sales.

This is as simple as agreeing which bench mark we use for which contract as a starting point.

So when you say AT the higher benchmark you are missing important points.
Using Brent is not saying we selling AT Brent-Its a reference price-discounts due to quality are normal-so the price we sell at may be Brent less 10% or Brent less $15.


It seems that the Heritage uses Brent.

You need to do your own research to find out the differences between Brent,WTI and our 3 baskets of crude.
Comeback here and enlighten us.
In terms of API Brent is closer to us than WTI.

[elec2020]

^^ Ah boy... last comment i making on this... the article i referrencrd noted that TnT price is pegged at Brent prices... to the average joe... that means that we get the US price for our Brent... at the end of the day... that is wrong.. we do not trade at international benchmarks... to better inform the public... past and present ministries should have told us what rate oil for TnT sells at... now we have to play a guessing game... to see who is wrong and who is right... at the end of the day... my point has and always will be... irregardless of what price government quotes... they are misleading us... cause we do not sell at that price... as the quality of our oil is lower... however u wish to chop and twist it... use this benchmark... that technical jargon... whatever... the fact is undisputed as... if sulfur was not an issue... we would not have outlayed so much for a sulfur conversion plant... anyway Redman my point is... the Minister is misleading us... and lulling people into a false safe of security... just like with the covid 19 testing... these practices are dangerous... and often reveal themselves significantly in the magnitude and length of economic recessions

[Redman]

^^^^^^
Maybe the minister just stated the facts.

Your post above supports the below.

Dont study Redman... he must be feel UWI was just there for style and half of TnT population just have primary level education

Thankfully its your last post.

[De Dragon]

^^ Ah boy... last comment i making on this... the article i referrencrd noted that TnT price is pegged at Brent prices... to the average joe... that means that we get the US price for our Brent... at the end of the day... that is wrong.. we do not trade at international benchmarks... to better inform the public... past and present ministries should have told us what rate oil for TnT sells at... now we have to play a guessing game... to see who is wrong and who is right... at the end of the day... my point has and always will be... irregardless of what price government quotes... they are misleading us... cause we do not sell at that price... as the quality of our oil is lower... however u wish to chop and twist it... use this benchmark... that technical jargon... whatever... the fact is undisputed as... if sulfur was not an issue... we would not have outlayed so much for a sulfur conversion plant... anyway Redman my point is... the Minister is misleading us... and lulling people into a false safe of security... just like with the covid 19 testing... these practices are dangerous... and often reveal themselves significantly in the magnitude and length of economic recessions

You've made several mistakes here.
Mistake # 1. You chose to engage in a debate with the PRO of the 2NR PNM Sheep club.
Mistake # 2. You chose to portray a powerful PNM male Minister in a negative light with said PRO.
Mistake # 3. You chose to prolong an argument with the incredibly condescending ass that is the very same PRO.
Little advice, don't waste your time with this moron, unless your willing to glom the second nut of whichever PNM strongman he is currently gargling.

[jm3]

Sigh... Redman... originally the complaint was that the Minister of Energy is trying to bamboozle us by saying that oil prices in TnT are pegged by Brent... my comment was how can we be using a UK pricing mechanism when our biggest trader is the US... how could we be priced at Brent (the higher pricing system of the two) when the quality of our oil means it sells at below international benchmarks... i can not recall budgets mentioning Brent... Carluva and Gladiators comments reinforced my previous points on the budget and the quality of our oil... you stated that companies/firms in TnT quote Brent (evidence outstanding)... also, that the quality of crude is a benchmark for pricing yet still two different articles state that the quality of our oil is below international benchmarks.... and the Minister of Energy wants me to believe that our lower quality oil sells at the higher of the two benchmarks? Redman if you cant see why I believe that the Minister of Energy's comments are false... then i dont know what else to say

Yes I see why-you dont understand the way this works.
With respect.


As mentioned above WTI is subject to distortions as a result of its primary trading point, being in the middle of the US.
therefore the price of WTI includes a land transport component that will impact its price.We saw this multiple times in the past.It is what we are seeing now.
WTI price was suppressed by local conditions -storage at that point being the regular occurrence.

Brents trading point is coastal, used by the majority of oil worldwide.

Given its coastal location the price is not encumbered by the transportation/storage/US refining component-and is considered a better reflection of seaborne oil.

Trinidads oil is seaborne.
Brent is seaborne.

Brent over the years has become the chosen reference for contracts since it reflects more closely a tanker full of oil in the Atlantic vs the land locked WTI.

So it makes sense for us to use Brent when contracting sales.

This is as simple as agreeing which bench mark we use for which contract as a starting point.

So when you say AT the higher benchmark you are missing important points.
Using Brent is not saying we selling AT Brent-Its a reference price-discounts due to quality are normal-so the price we sell at may be Brent less 10% or Brent less $15.


It seems that the Heritage uses Brent.

You need to do your own research to find out the differences between Brent,WTI and our 3 baskets of crude.
Comeback here and enlighten us.
In terms of API Brent is closer to us than WTI.

thanks for the explanation

[elec2020]

^^ Ah boy... last comment i making on this... the article i referrencrd noted that TnT price is pegged at Brent prices... to the average joe... that means that we get the US price for our Brent... at the end of the day... that is wrong.. we do not trade at international benchmarks... to better inform the public... past and present ministries should have told us what rate oil for TnT sells at... now we have to play a guessing game... to see who is wrong and who is right... at the end of the day... my point has and always will be... irregardless of what price government quotes... they are misleading us... cause we do not sell at that price... as the quality of our oil is lower... however u wish to chop and twist it... use this benchmark... that technical jargon... whatever... the fact is undisputed as... if sulfur was not an issue... we would not have outlayed so much for a sulfur conversion plant... anyway Redman my point is... the Minister is misleading us... and lulling people into a false safe of security... just like with the covid 19 testing... these practices are dangerous... and often reveal themselves significantly in the magnitude and length of economic recessions

You've made several mistakes here.
Mistake # 1. You chose to engage in a debate with the PRO of the 2NR PNM Sheep club.
Mistake # 2. You chose to portray a powerful PNM male Minister in a negative light with said PRO.
Mistake # 3. You chose to prolong an argument with the incredibly condescending ass that is the very same PRO.
Little advice, don't waste your time with this moron, unless your willing to glom the second nut of whichever PNM strongman he is currently gargling.

Thanks for clarifying that to me... i realize for Redman its ok if your government lies to you and misleads you... makes you think the situation is less grevious than intended by masdaging the data.... i mean.... it worked wonders for china at the outbreak of the covid crisis.... smdh

[elec2020]

^^^^^^
Maybe the minister just stated the facts.

Your post above supports the below.

Dont study Redman... he must be feel UWI was just there for style and half of TnT population just have primary level education

Thankfully its your last post.

Noted

[Redman]

^^ Ah boy... last comment i making on this... the article i referrencrd noted that TnT price is pegged at Brent prices... to the average joe... that means that we get the US price for our Brent... at the end of the day... that is wrong.. we do not trade at international benchmarks... to better inform the public... past and present ministries should have told us what rate oil for TnT sells at... now we have to play a guessing game... to see who is wrong and who is right... at the end of the day... my point has and always will be... irregardless of what price government quotes... they are misleading us... cause we do not sell at that price... as the quality of our oil is lower... however u wish to chop and twist it... use this benchmark... that technical jargon... whatever... the fact is undisputed as... if sulfur was not an issue... we would not have outlayed so much for a sulfur conversion plant... anyway Redman my point is... the Minister is misleading us... and lulling people into a false safe of security... just like with the covid 19 testing... these practices are dangerous... and often reveal themselves significantly in the magnitude and length of economic recessions

You've made several mistakes here.
Mistake # 1. You chose to engage in a debate with the PRO of the 2NR PNM Sheep club.
Mistake # 2. You chose to portray a powerful PNM male Minister in a negative light with said PRO.
Mistake # 3. You chose to prolong an argument with the incredibly condescending ass that is the very same PRO.
Little advice, don't waste your time with this moron, unless your willing to glom the second nut of whichever PNM strongman he is currently gargling.

As usual you come here to vomit a set of pitiful bile without actually contributing any content to the discussion.

If there is something FACTUALLY wrong with the information I’ve posted say so.

[Redman]

^^ Ah boy... last comment i making on this... the article i referrencrd noted that TnT price is pegged at Brent prices... to the average joe... that means that we get the US price for our Brent... at the end of the day... that is wrong.. we do not trade at international benchmarks... to better inform the public... past and present ministries should have told us what rate oil for TnT sells at... now we have to play a guessing game... to see who is wrong and who is right... at the end of the day... my point has and always will be... irregardless of what price government quotes... they are misleading us... cause we do not sell at that price... as the quality of our oil is lower... however u wish to chop and twist it... use this benchmark... that technical jargon... whatever... the fact is undisputed as... if sulfur was not an issue... we would not have outlayed so much for a sulfur conversion plant... anyway Redman my point is... the Minister is misleading us... and lulling people into a false safe of security... just like with the covid 19 testing... these practices are dangerous... and often reveal themselves significantly in the magnitude and length of economic recessions

You've made several mistakes here.
Mistake # 1. You chose to engage in a debate with the PRO of the 2NR PNM Sheep club.
Mistake # 2. You chose to portray a powerful PNM male Minister in a negative light with said PRO.
Mistake # 3. You chose to prolong an argument with the incredibly condescending ass that is the very same PRO.
Little advice, don't waste your time with this moron, unless your willing to glom the second nut of whichever PNM strongman he is currently gargling.

Thanks for clarifying that to me... i realize for Redman its ok if your government lies to you and misleads you... makes you think the situation is less grevious than intended by masdaging the data.... i mean.... it worked wonders for china at the outbreak of the covid crisis.... smdh

If you can point out where they are in fact misleading I would love to see it.

But your position is based on an incorrect interpretation of the information.

[Redman]

To clarify before this discussion is further poisoned.

ALL oil related commodities are sold after being tested.
So tests are done to establish quality.

Quality dictates price-


Prices tend to be set against a benchmark- WTI,Brent ASCI,BLC,Russian Varenday, the benchmark is just the starting point of the calculation to the actual price on that load.

So hypothetically

WTI is at 100
Brent at 110

I have 1,000,000 BBLs in storage

I can have 2 separate contracts that are set against different benchmarks....different customers etc etc

1)WTI less $50-for 500k BBLS
2)Brent less 60 -for 500k BBLS

Both end up at $50 per BBL for my oil.Which based on the expected quality of my oil is market value.

The singular fixed point is the tested quality of my oil-which in general would be sold at a premium or a discount to the benchmark.

WTI is priced lower than Brent yet it is lighter and sweeter.WHY IS THAT???

Brent is not constrained by the issues of storage, transport and refining capacity that WTI is.

So in normal times moving from WTI to Brent may not change the price we get....UNLESS the benchmarks break the normal trading patterns and break out.

This is what has happened over the last week.

Incidentally I asked questioned how we were getting WTI plus, in posts here in Oct 2018.

[elec2020]

^^ Ah boy... last comment i making on this... the article i referrencrd noted that TnT price is pegged at Brent prices... to the average joe... that means that we get the US price for our Brent... at the end of the day... that is wrong.. we do not trade at international benchmarks... to better inform the public... past and present ministries should have told us what rate oil for TnT sells at... now we have to play a guessing game... to see who is wrong and who is right... at the end of the day... my point has and always will be... irregardless of what price government quotes... they are misleading us... cause we do not sell at that price... as the quality of our oil is lower... however u wish to chop and twist it... use this benchmark... that technical jargon... whatever... the fact is undisputed as... if sulfur was not an issue... we would not have outlayed so much for a sulfur conversion plant... anyway Redman my point is... the Minister is misleading us... and lulling people into a false safe of security... just like with the covid 19 testing... these practices are dangerous... and often reveal themselves significantly in the magnitude and length of economic recessions

You've made several mistakes here.
Mistake # 1. You chose to engage in a debate with the PRO of the 2NR PNM Sheep club.
Mistake # 2. You chose to portray a powerful PNM male Minister in a negative light with said PRO.
Mistake # 3. You chose to prolong an argument with the incredibly condescending ass that is the very same PRO.
Little advice, don't waste your time with this moron, unless your willing to glom the second nut of whichever PNM strongman he is currently gargling.

Thanks for clarifying that to me... i realize for Redman its ok if your government lies to you and misleads you... makes you think the situation is less grevious than intended by masdaging the data.... i mean.... it worked wonders for china at the outbreak of the covid crisis.... smdh

If you can point out where they are in fact misleading I would love to see it.

But your position is based on an incorrect interpretation of the information.

Noted

[De Dragon]

^^ Ah boy... last comment i making on this... the article i referrencrd noted that TnT price is pegged at Brent prices... to the average joe... that means that we get the US price for our Brent... at the end of the day... that is wrong.. we do not trade at international benchmarks... to better inform the public... past and present ministries should have told us what rate oil for TnT sells at... now we have to play a guessing game... to see who is wrong and who is right... at the end of the day... my point has and always will be... irregardless of what price government quotes... they are misleading us... cause we do not sell at that price... as the quality of our oil is lower... however u wish to chop and twist it... use this benchmark... that technical jargon... whatever... the fact is undisputed as... if sulfur was not an issue... we would not have outlayed so much for a sulfur conversion plant... anyway Redman my point is... the Minister is misleading us... and lulling people into a false safe of security... just like with the covid 19 testing... these practices are dangerous... and often reveal themselves significantly in the magnitude and length of economic recessions

You've made several mistakes here.
Mistake # 1. You chose to engage in a debate with the PRO of the 2NR PNM Sheep club.
Mistake # 2. You chose to portray a powerful PNM male Minister in a negative light with said PRO.
Mistake # 3. You chose to prolong an argument with the incredibly condescending ass that is the very same PRO.
Little advice, don't waste your time with this moron, unless your willing to glom the second nut of whichever PNM strongman he is currently gargling.

As usual you come here to vomit a set of pitiful bile without actually contributing any content to the discussion.

If there is something FACTUALLY wrong with the information I’ve posted say so.

Dum Dum, my issue is with your insufferable arrogance where the fack did I question you facts? Your Gods pissed away an entire refinery based on the advice of exactly no one, to an unqualified set of morons who have done the most damage to said refinery. All for "no money up front" but getting a 3 year waiver to try ah ting? Your devotion to the PNM altar is as admirable as it is sickening.

[Redman]

So again as normal nothing relevant to add.

Only bile to spew.

[matr1x]

Pnm running Trinidad like an African country.






We are all going to suffer