Globally oil prices have continued to plummet.
Forecasters have predicted that the price of oil will bottom out at $20 per barrel.
Trinidad and Tobago’s budget is based on US $80 per barrel.
Minister of Energy Kevin Ramnarine revealed that based on these facts there would be concern in T&T.
Today Prime Minister Kamla Persad- Bissesser is expected to address the nation on what has been described as an international crisis.
Minister Ramnarine stated that contrary to some media reports, the Prime Minister’s statements this afternoon would be centered on economics and not politics.
He said that based on his Ministry’s research, both present and future investments are not in trouble.
Minister of Energy Kevin Ramnarine