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Caribbean

Trinidad & Tobago is the Caribbean's largest producer oil and natural gas. Oil prices are up about 40% this past year and show signs of rising further, a phenomenon that is confounding Caribbean governments from the Bahamas to Grenada. But high oil prices bring good tidings to Trinidad & Tobago. The energy sector accounts for the bulk of Trinidad & Tobago's annual exports of $7.1 billion and generates one-third of annual government revenues of $20 billion. Unfortunately, oil reserves are being depleted faster than new discoveries can be made. The US Energy Information Administration (EIA) warns that unless Trinidad & T

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