Monday, November 18, 2013

Viva PetroCaribe y ALBA!

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4 comments:

Anonymous said...

What a horribly written story. No facts, no figures, no substance. Just mindless rhetoric and accusations. If everyone who has a differing opinion is wrong about Petro Caribe and ALBA then you should have presented evidence to counter what they have been saying. you complain that those who question the viability of PetroCaribe are merely speculating...I would suppose that you are a gadeh and can speculate the positive into the future. In other words their speculation is wrong and yours right.

More mindless drivel from another failed revolutionary.

November 20, 2013 at 11:18 AM
Anonymous said...

Earl's writing is deteriorating really fast as exemplified by this awful article which lacks logic or substance. Even Earl's usual politics is bland in this artaicle.

November 20, 2013 at 3:22 PM
Anonymous said...

Is this another very striking example of one of our friend's several senior moments?

November 20, 2013 at 4:08 PM
Anonymous said...

Those who fail to grasp the concept that PetroCaribe is not a gravy train but a government take over of the petroleum business which should be the preserve of the private sector will realize too late when the debts start mounting.

The prognosis by this writer, who lacks a shred of objectivity, looks very rosy. Everything he says points to a contrived "fact" that this program is the long awaited elixir for the ailing economy.
Venezuela's economy is in tatters and Maduro IS NOT Chavez he does not have the charisma nor the chutzpah to do what Chavez was able to do with the oil wealth of the country. He is not as popular as Chavez as witnessed by the narrow margin of victory in the last elections. When this government that he leads is voted out what will be the future of ALBA/PetroCaribe? Will the new government demand payment of all debts right away?
This is not to suggest that there may not be benefits in terms of lower petroleum prices but to present this as the be all and end all of our economic woes is myopic and selfserving.

We have seen how they are shifting the goal post and changing the terms as it relates to the interest rates, the repayment terms, and particularly the price per barrel of oil which creates a high level of uncertainity to say the least.

We are going in at what might be considered the tail end of the program when other countries are seeing that it is not sustainable and not in their economic best interest.
To be blind to these realities is not a good idea and those who raise these issues are not nay sayers as some may think it's just that they are not as overly optimistic as the hacks.

However, in the interest of the people of Saint Lucia lets all hope for the best but expect the worst.

November 21, 2013 at 8:14 AM

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