There MUST Be An Election Around Here Somewhere!
Minister of Energy Liz Thompson was at it again yesterday – telling Barbadians that we are going to make so much money from offshore oil that we will have to create an “Petroleum Heritage Stabilisation Fund” to ensure that the current generation doesn’t spend it all now and leave nothing for the future.
A shame that her government never implemented a “Land Heritage Stabilisation Fund” with the same intent of protecting our lands from the politicians who have become millionaires in the past decade.
IF there is oil off our shores, and IF it can be found and produced economically it will be years – perhaps a decade – before significant revenues start to flow.
There is nothing wrong with preparing for the future, but the current level of government celebration is nothing more than pre-election feel-good hype.
The Nation News – US$50,000 to Explore Bajan Waters