Resource Rich, Politically Feeble

Resource Rich, Politically Feeble

Caribbean

Few Latin American countries have more money than they know what to do with. But Trinidad and Tobago, with it is fabulous oil and gas reserves, has a serious liquidity problem that is likely to get worse in the years ahead. Since 1998, international oil and gas companies have invested nearly $4.5 billion in this lush green island, just a stone's throw off Venezuela's coast, to explore for and develop reserves that promise an even greater bonanza. Additional investments in the energy sector should boost oil- and gas-related revenues by $8-$10 billion over the next five years in a country that only has 1.3 million people.   Trini

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