FUEL RETAIL SECTORS CAN BE LOW PRIORITY FOR OIL-RICH CARIBBEAN AND LATIN AMERICAN STATES
January 1st, 2009
BY PACIFICA GODDARD, in Caracas; MARVIN HOKSTAM, in Paramaribo, JAMES FULLER, in Port of Spain
IT may seem like a good thing for fuel retailers to be based in country that is sitting on a bounty of fuel reserves. But that is not necessarily the case, as many Latin American and Caribbean retailers can testify. A local oil production industry can promote an energy policy that pays little heed to the interests of local retailers, whose voice can be drowned out by the macro-economic interests of servicing a big oil production sector and serving the geo-political ...
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