Can Trinidad and Tobago Escape the Oil Trap? ...Middle East

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Can Trinidad and Tobago Escape the Oil Trap?
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For decades, Trinidad and Tobago has relied on oil production to bring in revenue to the small Caribbean state. However, as its oil reserves begin to dwindle, the outlook is less certain, despite ongoing investment in new auctions for further exploration. The country is now at a crossroads, as the government decides whether to support more invasive exploration practices or to shift to alternative energy sources and pursue economic diversification. In recent years, the neighbouring South American state of Guyana has attracted attention from oil…

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