Gas prices in Trinidad & Tobago

[timelapse]

^^
Gas prices will not affect a Honda Fit .

A Honda Fit is NOT a car for a Tuner man.

It's for women and little girls going to college .

It's a bicycle on four wheels .

If you turn it upside down you will find a groove for 2 AAA batteries .

Gas prices won't affect you either.You get ridden like a village bicycleta

[Redman]

zoomie bai, u know what I find saddening.

Trinis often mistake looking across the street for looking down the road.
In short, they only study what going on now and how it affects them next week, and all that was done last week that reams them this week gets tossed out like the baby with the bath water


But this is what the people wanted.
So let them have it

This county has enough oil to supply itself for local consumption and protect us from global prices.

But the brilliance of the red government is closed it down and depend on global prices.

More BS.

And the truly sad thing is that it's deliberately misleading.

[zoom rader]

zoomie bai, u know what I find saddening.

Trinis often mistake looking across the street for looking down the road.
In short, they only study what going on now and how it affects them next week, and all that was done last week that reams them this week gets tossed out like the baby with the bath water


But this is what the people wanted.
So let them have it

This county has enough oil to supply itself for local consumption and protect us from global prices.

But the brilliance of the red government is closed it down and depend on global prices.

More BS.

And the truly sad thing is that it's deliberately misleading.

So you have oil on ur land , you then drill and open ur refinery. To which you sell to ur village only. You then make a small profit Providing you have funds to set up oil production.

How does global prices affect ur operations if you sell to local villagers only.

Nothing is misleading we dealing in total local

[xtech]

zoomie bai, u know what I find saddening.

Trinis often mistake looking across the street for looking down the road.
In short, they only study what going on now and how it affects them next week, and all that was done last week that reams them this week gets tossed out like the baby with the bath water


But this is what the people wanted.
So let them have it

This county has enough oil to supply itself for local consumption and protect us from global prices.

But the brilliance of the red government is closed it down and depend on global prices.

More BS.

And the truly sad thing is that it's deliberately misleading.

So you have oil on ur land , you then drill and open ur refinery. To which you sell to ur village only. You then make a small profit Providing you have funds to set up oil production.

How does global prices affect ur operations if you sell to local villagers only.

Nothing is misleading we dealing in total local

We don’t have enough oil in daily production to feed our refinery anymore so oil has to be shipped in and paid for at global rate in USD to keep it happy

[zoom rader]

zoomie bai, u know what I find saddening.

Trinis often mistake looking across the street for looking down the road.
In short, they only study what going on now and how it affects them next week, and all that was done last week that reams them this week gets tossed out like the baby with the bath water


But this is what the people wanted.
So let them have it

This county has enough oil to supply itself for local consumption and protect us from global prices.

But the brilliance of the red government is closed it down and depend on global prices.

More BS.

And the truly sad thing is that it's deliberately misleading.

So you have oil on ur land , you then drill and open ur refinery. To which you sell to ur village only. You then make a small profit Providing you have funds to set up oil production.

How does global prices affect ur operations if you sell to local villagers only.

Nothing is misleading we dealing in total local

We don’t have enough oil in daily production to feed our refinery anymore so oil has to be shipped in and paid for at global rate in USD to keep it happy

https://tradingeconomics.com/

Trinidad And Tobago Crude Oil Production

Crude Oil Production in Trinidad And Tobago increased to 61 BBL/D/1K in November from 57 BBL/D/1K in October of 2021

[timelapse]

Doh argue oil with Zoom nah.He will take you to school

[xtech]

I thought the refinery needed 160,000 b/d to operate. But one of the difficulties facing the refinery was a shortage of local crude supplies. Out of the total throughput of 160,000 b/d, 65,000 b/d comes from Petrotrin's own supply while 95,000 b/d are imported from Brazil, Venezuela, Colombia, and West Africa.

[zoom rader]

I thought the refinery needed 160,000 b/d to operate. But one of the difficulties facing the refinery was a shortage of local crude supplies. Out of the total throughput of 160,000 b/d, 65,000 b/d comes from Petrotrin's own supply while 95,000 b/d are imported from Brazil, Venezuela, Colombia, and West Africa.

Then you build a smaller refinery to accommodate a smaller supply.

Change the business model to accommodate local supply only and save forex.

Babash is made locally and sold at a much cheaper rate than the local rum makers that sell abroad.

[wing]

I thought the refinery needed 160,000 b/d to operate. But one of the difficulties facing the refinery was a shortage of local crude supplies. Out of the total throughput of 160,000 b/d, 65,000 b/d comes from Petrotrin's own supply while 95,000 b/d are imported from Brazil, Venezuela, Colombia, and West Africa.

Then you build a smaller refinery to accommodate a smaller supply.

Change the business model to accommodate local supply only and save forex.

Babash is made locally and sold at a much cheaper rate than the local rum makers that sell abroad.

The existing refinery can be reconfigured to process the 60k. The main problem will be the existing crude distillation unit and other downstream plants will require major works to get up and running. The 160000 was the max throughput that was required to satisfy the contracted markets. So ZR is correct that we can theoretically sustain our own fuel needs. It will require an injection of cash that we don't have.

[assassin]

Even if we had to import crude in order for the refinery to meet domestic fuel supply...

Is it not cheaper to buy raw materials than to buy finished goods?

We buy crude and undertake value added manufacturing processes to make various fuels and petro products

Inherently it requires less USD to buy crude than to buy refined products

[Redman]

It's bullsheeeeit.
ZR knows this.

He is describing what was happening.
Whether we were losing money on the refining or not depends on what you believe.
Many smart people say we were.
That loss needed to be funded.


We imported crude to optimize the output of the refinery in that we need foreign crude to be able to get what we needed.
We cannot depend solely on local crude to get the output that we need in transportation fuels.
If it could have been done, it would have been done a long time ago.
Why dfuq does every refinery in the world blend their input?


He knows this.

Assassin,
The maths of what you're describing is solely dependent on whether you can refine profitably.
That requires volume...
We were theoretically losing money at 2-3x the volumes we talking about locally.

Also.

Local production is taxed, and then sold for export.

Gortt has been getting a premium for local crude sold outside, due to Vene crude being in short supply.

That 3-5 usd per bbl is pure profit.

[RedVEVO]

I thought the refinery needed 160,000 b/d to operate. But one of the difficulties facing the refinery was a shortage of local crude supplies. Out of the total throughput of 160,000 b/d, 65,000 b/d comes from Petrotrin's own supply while 95,000 b/d are imported from Brazil, Venezuela, Colombia, and West Africa.

Then you build a smaller refinery to accommodate a smaller supply.

Change the business model to accommodate local supply only and save forex.

Babash is made locally and sold at a much cheaper rate than the local rum makers that sell abroad.

The existing refinery can be reconfigured to process the 60k. The main problem will be the existing crude distillation unit and other downstream plants will require major works to get up and running. The 160000 was the max throughput that was required to satisfy the contracted markets. So ZR is correct that we can theoretically sustain our own fuel needs. It will require an injection of cash that we don't have.

T&T always have cash .

Always always - Who fool you ?

More $$$ than you will ever know

Zoom is correct in that Row Row close down the Oil Refinery to import and now T&T in BS

[RedVEVO]

zoomie bai, u know what I find saddening.

Trinis often mistake looking across the street for looking down the road.
In short, they only study what going on now and how it affects them next week, and all that was done last week that reams them this week gets tossed out like the baby with the bath water


But this is what the people wanted.
So let them have it

This county has enough oil to supply itself for local consumption and protect us from global prices.

But the brilliance of the red government is closed it down and depend on global prices.

More BS.

And the truly sad thing is that it's deliberately misleading.

Hugo Chavez wanted exactly what Zoom is saying and WHO do you think did NOT want it ?

Peeps you gotta educate your self !!

[xtech]

While it was stupid idea to rely on outside sources for refined fuels. The reality is that almost 40% of the total output of this refinery was fuel oil. Fuel oil is $2-10 below West Texas Intermediate crude prices. I don’t think we use fuel oil locally. most of the fuel oil goes to the US Eastern Seaboard and with the renewed push for cleaner fuels there we will be a reduction in the use of fuel oil. The Trinidad market consumes around 30,000 b/d of refined product and that figure keeps increasing. If we only produce 60,000b/d and almost half comes out as fuel oil and another percentage vaporize or spills and is lost before getting to the refinery. If we don’t import more crude oil there would be a need to still import refined product to feed the market. And find someone to take our fuel oil.

If WW3 breaks out and we can’t get shipments or if the locals rise up and say enough maybe they might light the fires at the refinery and restart production.

[hover11]

While it was stupid idea to rely on outside sources for refined fuels. The reality is that almost 40% of the total output of this refinery was fuel oil. Fuel oil is $2-10 below West Texas Intermediate crude prices. I don’t think we use fuel oil locally. most of the fuel oil goes to the US Eastern Seaboard and with the renewed push for cleaner fuels there we will be a reduction in the use of fuel oil. The Trinidad market consumes around 30,000 b/d of refined product and that figure keeps increasing. If we only produce 60,000b/d and almost half comes out as fuel oil and another percentage vaporize or spills and is lost before getting to the refinery. If we don’t import more crude oil there would be a need to still import refined product to feed the market. And find someone to take our fuel oil.

If WW3 breaks out and we can’t get shipments or if the locals rise up and say enough maybe they might light the fires at the refinery and restart production.

Don't we rely on outside forces for the food we grow, we are not an innovative country just a banana republic that got lucky however it seems our luck just ran out

[Redman]

Maybe the first thing would be for someone to determine what is the most profitable use of the resources we have.

It's possible that this model makes sense.

[timelapse]

Maybe the first thing would be for someone to determine what is the most profitable use of the resources we have.

It's possible that this model makes sense.

Profitable for whom?
The people or the parasites that we call politicians?

[Redman]

Maybe the first thing would be for someone to determine what is the most profitable use of the resources we have.

It's possible that this model makes sense.

Profitable for whom?
The people or the parasites that we call politicians?

While we waiting for a sensible answer remember that between royalties and taxes a bbl of oil gives
The GORTT about half of the wti price you see.

[hover11]

Maybe the first thing would be for someone to determine what is the most profitable use of the resources we have.

It's possible that this model makes sense.

Profitable for whom?
The people or the parasites that we call politicians?

While we waiting for a sensible answer remember that between royalties and taxes a bbl of oil gives
The GORTT about half of the wti price you see.

Redman,

Those royalties you speak of, didn't imbert come on a platform and announce that these companies are still owing us after all these years, so what royalties. If they haven't paid over the years , you really think they going to rush to pay us now?

[wing]

While it was stupid idea to rely on outside sources for refined fuels. The reality is that almost 40% of the total output of this refinery was fuel oil. Fuel oil is $2-10 below West Texas Intermediate crude prices. I don’t think we use fuel oil locally. most of the fuel oil goes to the US Eastern Seaboard and with the renewed push for cleaner fuels there we will be a reduction in the use of fuel oil. The Trinidad market consumes around 30,000 b/d of refined product and that figure keeps increasing. If we only produce 60,000b/d and almost half comes out as fuel oil and another percentage vaporize or spills and is lost before getting to the refinery. If we don’t import more crude oil there would be a need to still import refined product to feed the market. And find someone to take our fuel oil.

If WW3 breaks out and we can’t get shipments or if the locals rise up and say enough maybe they might light the fires at the refinery and restart production.

The refinery in it's original configuration for WW2 did indeed produce about 40% fuel oil. After the gasoline optimization program, that figure went to about 31-33%. Fuel oil mixed with other by products can be sold as bunker fuel for ships. Seeing that we had the only working refinery near to the panama canal, there was an incredibly lucrative missed opportunity there. Also the refinery produced lpg, acid, bitumen , so the waste products were very low. But, maximum value will be derived from increased crude production.

[Redman]

Maybe the first thing would be for someone to determine what is the most profitable use of the resources we have.

It's possible that this model makes sense.

Profitable for whom?
The people or the parasites that we call politicians?

While we waiting for a sensible answer remember that between royalties and taxes a bbl of oil gives
The GORTT about half of the wti price you see.

Redman,

Those royalties you speak of, didn't imbert come on a platform and announce that these companies are still owing us after all these years, so what royalties. If they haven't paid over the years , you really think they going to rush to pay us now?

No breddo.

LOCAL OIL producing cos pay their royalties real time.
I believe the GORTT takes it out and gives the producer a per bbl dollar figure NET of royalties taxes etc.(not 100% on that)

The MNCs however were given a tax holiday of some sort 2012,13 ish in order to pay up outstanding royalties.
This was stated by the person who signed for the MNC.

There was also a 2018 settlement that BP and Shell made that included outstanding royalties/taxes and settlement of the transfer pricing issues.

[zoom rader]

It's bullsheeeeit.
ZR knows this.

He is describing what was happening.
Whether we were losing money on the refining or not depends on what you believe.
Many smart people say we were.
That loss needed to be funded.


We imported crude to optimize the output of the refinery in that we need foreign crude to be able to get what we needed.
We cannot depend solely on local crude to get the output that we need in transportation fuels.
If it could have been done, it would have been done a long time ago.
Why dfuq does every refinery in the world blend their input?


He knows this.

Assassin,
The maths of what you're describing is solely dependent on whether you can refine profitably.
That requires volume...
We were theoretically losing money at 2-3x the volumes we talking about locally.

Also.

Local production is taxed, and then sold for export.

Gortt has been getting a premium for local crude sold outside, due to Vene crude being in short supply.

That 3-5 usd per bbl is pure profit.

You build or downgrade a refinery to accommodate our local fuel consumption. You then sell on the local market only.

It's not about making huge profits as it always ends up in wrong hands.

How is that bull5hit when Trinidad can be isolated from global oil prices ?

[Redman]

Its BS because as you know,

1) At best we will still need to import crude in order to get the fuel we need.Its not a matter of quantity-but quality. If what youre suggesting was possible we would not have been importing 100K BOPD of higher priced crude to refine.Incidentally about 30% of that was Russian.
In 2000, we were producing 120kBOPD,
Refinery throughput was about 160K,
We imported about 95kBOPD
We exported about 52k BOPD of Galeota Mix
Why do you think that is?
2)Local producers are paid how? Will Trinity or Touchstone make concessions on their output?While their inputs are at international market prices?
3) The cost of this transition will be significant given the refinery as it was in 2018, muchless now.Amortized over a low volume over a longer period
4) Are we not migrating away from fossil fuels? More time pressure on this idea of yours.
5) Refining locally puts real pressure on forex-since any BBL refined is sold for TTD,while EVERYTHING required for the refinery (except labor) has to be imported,and paid for in USD.
6) Exporting oil is the ROI-with no requirement on GORTT part to make capital investments into that hole that we have been funding since forever.

None of this should be new to you.

If anything Ive said is wrong-lets discuss,not in a general repeat of your idea-but with details.

[zoom rader]

Its BS because as you know,

1) At best we will still need to import crude in order to get the fuel we need.Its not a matter of quantity-but quality. If what youre suggesting was possible we would not have been importing 100K BOPD of higher priced crude to refine.Incidentally about 30% of that was Russian.
In 2000, we were producing 120kBOPD,
Refinery throughput was about 160K,
We imported about 95kBOPD
We exported about 52k BOPD of Galeota Mix
Why do you think that is?
2)Local producers are paid how? Will Trinity or Touchstone make concessions on their output?While their inputs are at international market prices?
3) The cost of this transition will be significant given the refinery as it was in 2018, muchless now.Amortized over a low volume over a longer period
4) Are we not migrating away from fossil fuels? More time pressure on this idea of yours.
5) Refining locally puts real pressure on forex-since any BBL refined is sold for TTD,while EVERYTHING required for the refinery (except labor) has to be imported,and paid for in USD.
6) Exporting oil is the ROI-with no requirement on GORTT part to make capital investments into that hole that we have been funding since forever.

None of this should be new to you.

If anything Ive said is wrong-lets discuss,not in a general repeat of your idea-but with details.

It's not BS

Cause there is no need to import crude for local consumption. Your assessment on imported crude is for export sales .

There are wells that are just caped and awaiting reinjection owned by the state. Trinidad is too lazy to put the work in to get these Wells going.

Foreign operators can pack their bags or wait till their leases are expired on Land Wells.

Just as cement and AC units are protected so can our own oil be protected from global prices.

[Redman]

oh you talking Nationalization of the entire industry.

I thought you were serious.

[zoom rader]

oh you talking Nationalization of the entire industry.

I thought you were serious.

The government has learnt their lessons from running an oil business controlled by other nations that dictate how u sell oil internationally.

They can controll cement but not oil?

[hover11]

oh you talking Nationalization of the entire industry.

I thought you were serious.

The government has learnt their lessons from running an oil business controlled by other nations that dictate how u sell oil internationally.

They can controll cement but not oil?

What industry has the government ever had control over? Every state organization is a failure, eithee they making losses or they debt ridden, take your pick

[timelapse]

oh you talking Nationalization of the entire industry.

I thought you were serious.

That's Venezuela approach for years now

[shimon]

When is the actual expectancy for this proposed gas hike?

Cater for the worst.... hope for the best.

Understood

[zoom rader]

oh you talking Nationalization of the entire industry.

I thought you were serious.

That's Venezuela approach for years now

It was working until the US injected themselves onto it and the cartels telling them how to sell oil.