Oil and Gas in Trinidad and Tobago Managing the Resource Curse in a Small Petroleum-Exporting Economy

Oil and Gas in Trinidad and Tobago presents a historical economic review of the energy sector of Trinidad and Tobago, followed by a detailed evaluation of policies associated with resource abundance and the effects on the economy from various perspectives, including industrialization, labor productivity, education, export diversification, and competitiveness. This book utilizes a wide range of statistical data and methodologies to both economically and statistically analyze these issues at hand. The content of this book will be useful not only for policymakers but also for researchers and students interested in the field.

Chapter 1. Introduction and Overview of Study- the Challenge of managing oil.- Chapter 2. Economic History of Oil Exploration and Production in T&T, 1857-2020.- Chapter 3. History of oil refining in T&T.- Chapter 4. Natural Gas Production.- Chapter 5. Resource Curse and the Dutch Disease.- Chapter 6. The petrochemical sector of T&T: with reference to the methanol industry in T&T.- Chapter 7. Dutch Disease, Baumol Disease and Labor Productivity in a Small Petroleum based Economy.- Chapter 8. An Assessment of the Macro-Economic landscape: 1955 to 2020.- Chapter 9. Rent absorption in the T&T economy.- Chapter 10. Policy interventions to boost competitiveness of the NBT sector.- Chapter 11. Benefitting from existing comparative advantage: maximizing economic rents.- Chapter 12. Conclusion: after 100 years of producing oil and gas.