Is the Caribbean sitting on a bounty of offshore fuel? - Business - Jamaica Gleaner - Sunday | June 3, 2012

Is the Caribbean sitting on a bounty of offshore fuel? - Business - Jamaica Gleaner - Sunday | June 3, 2012: "In March 1980 David Renwick, the Trinidadian journalist, and I wrote an extended feature for the Caribbean Chronicle about the future outlook for the Caribbean as an oil-producing region.

In it, we observed that although nobody expected the Caribbean to ever become oil or gas rich on the scale of Venezuela, it had been known for many years that two broad strata of rock of a kind likely to bear oil run the length of the Caribbean Basin.

Up to then, little interest had been shown in this fact apart from where such strata coincided with island masses; the reason being that the high cost and technical problems of recovery were far beyond the value of such relatively small quantities of crude."

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