How Oil Workers in Trinidad and Tobago Fought to Revolutionize Fossil Fuels

[basquebromance]

Trinidad and Tobago is an English speaking, Caribbean island nation known for its fossil fuel wealth.

God bless Trinidad! And Tobago!

How Oil Workers in Trinidad and Tobago Fought to Revolutionize Fossil Fuels

Faced with job losses, oil workers in Trinidad and Tobago put forward a plan for worker ownership. Their fight shows how workers in fossil fuel industries can play a central role in reorienting production to social need.

jacobin.com

 

[Crick]

Trinidad and Tobago is an English speaking, Caribbean island nation known for its fossil fuel wealth.

God bless Trinidad! And Tobago!

How Oil Workers in Trinidad and Tobago Fought to Revolutionize Fossil Fuels

Faced with job losses, oil workers in Trinidad and Tobago put forward a plan for worker ownership. Their fight shows how workers in fossil fuel industries can play a central role in reorienting production to social need.

jacobin.com

Cost of a typical offshore drill rig: $20 million to $1 billion
Cost of a typical offshore production platform: $650 million
Cost of a typical oil refinery: $6 billion

So, anywhere from $6,670,000,000 to $7,650,000,000. Split that amongst, say 1,000 worker/owners and they only have to cough up about $7,160,000 each.

 

[ding]

Cost of a typical offshore drill rig: $20 million to $1 billion
Cost of a typical offshore production platform: $650 million
Cost of a typical oil refinery: $6 billion

So, anywhere from $6,670,000,000 to $7,650,000,000. Split that amongst, say 1,000 worker/owners and they only have to cough up about $7,160,000 each.

It was a refinery. Supposedly the deal fell through because the government changed the terms at the last minute and they were unable to secure financing for 700 million USD.

It would be idiotic to assume they would be paying from their pocket rather than financing the purchase like every other corporation would do.

The authors of the article have a communist leaning slant. So I’m surprised you aren’t more sympathetic to their cause.

 

[ding]

Trinidad and Tobago is an English speaking, Caribbean island nation known for its fossil fuel wealth.

God bless Trinidad! And Tobago!

How Oil Workers in Trinidad and Tobago Fought to Revolutionize Fossil Fuels

Faced with job losses, oil workers in Trinidad and Tobago put forward a plan for worker ownership. Their fight shows how workers in fossil fuel industries can play a central role in reorienting production to social need.

jacobin.com

The man is keeping them down!!!!