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laallee 11 years, 7 months ago on YOUNG MAN'S VIEW: Selling off Bahamian oil

YOUNG MAN'S VIEW: Selling off Bahamian oil

Adrian, great rhetoric mate but please do some homework. Your beloved government have messed about for two years, yes two years. Both the fnm and the plp have reneged on the contract with bpc, do you think they can have there pick of the biggest oil companies in the world when they are incapable of adhering to a contract written up by your own prime minister. It's good how you seem to love the Norwegian attitude, do you realise they have an income top tax rate of 47percent, vat at 8-20 percent and the highest fuel prices in Europe. Is that what you want? Finally, you compare what the Bahamas is getting out of the deal compared to other countries. They are getting a percentage of nothing if no oil is found, at no cost and they have been getting the licence fee paid as agreed. No doubt if oil is found then the gvt might negotiate better rates for further licences. If you want your country to get more from the possible oil,why not invest the country's cash in exploration, oh dear, it's too expensive. That's why it is high risk penny shares that raise the big bucks then try and attract further investment to drill. Have you ever invested in a small company? Have you ever witnessed a greedy man wanting something without paying for it? Your argument is littered with rumour and assumption, if you want the lions share then take the lions risk, your government will risk alienating itself from future foreign investment if they carry on messing about. Yes, I am an investor in bpc and yes my hard earned cash has got your country somewhere down the road to possible financial independence. I expect a return on my investment, you want something for nothing.