Notes From The Margin

June 16, 2008

Marginal Picks Up His Pen – Venezuelas Claim of Barbados’ Waters


After much thought we’ve decided to come out of retirement to blog on the subject of Venezuela’s claim of Barbados’ waters. This is not a full re-opening of NFTM but we felt that given our history of blogging on Venezuela and it’s territorial claims that we might be able to provide some clarity on this issue. This article is freely reproducible (once the source is attributed). In fact we would ask that given the potential seriousness of the claim that members of the blogosphere and other media propogate this story.


Marginal

Like Barbados Free Press we saw the story today in the Venezuelan publication PetroleumWorld entitled “Barbados’ Troubled Waters”

The new government of Barbados opened the bidding process for rights to offshore blocks for oil & gas exploration on Monday and will close it on September 30. The winner announcement will be made on Nov 20th. More than 20 companies were present this week in the bid kick off, including among others, Exxon, Gazprom, Lukoil Shell, BHP Billiton of Australia, Hess Oil Company, Anadarko Petroleum Corporation, Marathon Oil and Murphy Oil, all of the United States, StatoilHydro, Petro-Canada, and Petrobras from Brazil. However, there is an issue that the IOC’s perhaps have not taken in account, that is that two of the block are in venezuelan waters, the Bottom Bay blocks Ad I and Ad II. We expect that the venezuelan government will issue a diplomatic note to the government of Barbados asking for clarification and the Venezuelan oil company PDVSA will issue a warning to the OIC’s on the issue.

The two blocks in question are the two southernmost blocks that are up for bid (Highlighted in red in the illustration). Venezuela’s claim rests on two pillars

1. It’s claim to approximately half of Guyana’s land area.

Venezuela claims everything west of the Essequibo river, the historical reasons for this can be found in our post. Venezuela and Its Claim of Most of Guyana’s Land

2. Venezuela’s Maritime Treaty with Trinidad.

In 1990 Venezuela and Trinidad agreed a treaty delineating their maritime boundary. This treaty can be found on line HERE.  This treaty allowed the development of Trinidad and Tobago’s offshore oil resources. However this treaty had two unforeseen impacts. First it tacitly recognised Venezuela’s claims on half of Guyana, and secondly it pushed Trinidad’s territorial claims north which is what led to the Maritime border dispute between Barbados and Trinidad. The impact of this can be seen in our post How Much Gas Does Trinidad Have? Indeed the main sticking point in the negotiations was the Trinidadian position that Barbados should recognise the 1990 treaty. The UNLOS council held that two countries could not bind a third without it’s consent and hence the 1990 treaty had no impact on Barbados.

The maritime boundaries are currently as seen in the diagram below. The purple line indicates Trinidad’s initial boundary claim and the brown line indicates the claim they put forward to the UNLOS Council. The green line represents the final decision of the UNLOS Council.

The result of the UNLOS is that the 1990 boundary between Venezuela and Trinidad extends into what is (and always was) legally Barbados’ waters.

Venezuela is now seeking to exercise a claim in an area that it has no right to claim. The waters under discussion can ONLY be Venezuelas if you accept that

1. Half of Guyana is actually Venezuela.

2. That two countries (Venezuela and Trinidad) can commit a third and fourth countries (Barbados and Guyana)  to some form of agreement or treaty without consulting them and without their agreement.

In short, the Venezuelan claim is baseless.

Marginal

Other interesting information on this topic.

International Law Environment by Professor Robert Volterra

Venezuela and Bird Island

Details on Aves Island – How Venezuela Controls the Caribbean Sea

Bird Island Again! – Grenada in Maritime Boundary Dispute With Venezuela.

April 15, 2008

So Long And Thanks For All The Fish….

It’s been a year since NTFM first debuted in the blogosphere, in that time we have done 198 posts which have been seen by 42,000 visitors, we have logged some 650 comments and unfortunately we’ve also dealt with 10,000 emails of spam. Small numbers perhaps in comparison to Barbados Underground or Barbados Free Press, but we think that we have established our own following and we’ve also established a reputation as a quality blog with high standards.

It’s been an interesting ride, that has taught us much. The search for quality articles has led us down some interesting paths and turned up some surprising stories. We are particularly proud of the work we’ve done on the whole Venezuela issue as it relates to the Caribbean. We remain deeply concerned that not enough is being done by the mainstream media to educate Barbadians about our South American neighbour.

We started a blog in large part because we were concerned about what was being said about Barbados in the blogosphere. Based on what some very biased people were saying, it would be very easy to equate Barbados with Zimbabwe. That is not the Barbados we know, the country we know and live in may not be perfect but it’s a far cry from what is portrayed on BFP and to a lesser extent BU. A dermatologist following their approach would describe someone with acne as having flesh eating skin cancer. We felt there was an unfilled space for balance and thoughtfulness, a space that over the last year we have tried (with uneven results we admit) to fill. We freely admit that there is an important role for Barbados Underground and Barbados Free Press in ensuring democracy and freedom in Barbados, we may disagree with their methods but we believe that they are truly motivated by good intentions and that in the long run they are a healthy addition to the Barbados social scene, we wish them well.

However after a year, we have found the demands of running a daily posting blog difficult to meet. In that regard we have considerable respect for David over at BU and even the BFP crew. Given the demands of our day to day lives we find that we can no longer devote the time to NFTM that will maintain the standard that we want to have.

In short NFTM has had it’s day. We have to admit, it’s difficult to put down something you have carried for a year, but it is far better to go out with style than to dribble off into obscurity.

To our well wishers thank you for your kind comments, to our critics… when you think about it, you’ll come around to our opinion 😉

Farewell

Marginal

Marginal puts down his editorial pen.

April 13, 2008

Is This Venezuelan Propaganda?

On page 8b of our Sunday Sun paper was a full page ad purporting to be paid for by the Honourable Hamilton Lashley, promoting the Venezuelan PetroCaribe agreement. It’s headlined “Petrocaribe The Way Forward” The ad is extremely well produced in terms of design and writing style, however it just doesn’t seem to be the sort of thing that an opposition parliamentarian would produce. Let’s face it when parliamentarians are in opposition they don’t have alot of money to throw around.

Our position on PetroCaribe is well known a quick search of this site will lead to many articles on what we think of Mr. Chavez’s initiative. In a nutshell we think that Petro Caribe will saddle the countries of the english speaking Caribbean with massive debt and make them subject to the whims of a Venezuelan government that historically has shown itself to be hostile to the region’s best interests.

When we read the ad we felt it read like a Venezuelan press release, so we went looking on the net and….

GUESS WHAT!!!!

IT DOES READ LIKE A VENEZUELAN PRESS RELEASE!!!!

The following paragraph comes from “Hamilton Lashley’s” ad.

“What is Petrocaribe?

Petrocaribe is an Energy Cooperation Agreement proposed by the Bolivarian Government of Venezuela, in order to resolve the imbalances in access to energy resources through a new system of favourable exchange, equity and fairness among the countries in the Caribbean region. “

Now the following is from Bolivarian News Australia which is released by the Venezuelan Embassy there. We’ve put a copy on our server in case the source document should suddenly disappear 😉

“Petrocaribe is an Energy Cooperation Agreement proposed by the Bolivarian Government of Venezuela in order to solve the world’s asymmetries to have access to energy resources, through a new exchange scheme: favorable, equitable, and fair among the countries of the Caribbean region…”

What are they odds of these two articles being written by different people? Probably about the same odds as winning the lottery five times in a row!

Marginal

For Further Reading:

The folly of Petro Caribe

Venezuela and Bird Island

Venezuela and Its Claim of Most of Guyana’s Land

Details on Aves Island – How Venezuela Controls the Caribbean Sea

Bolivarian News Australia 27th December 2007 (on NFTM Server)

April 7, 2008

Is The Barbados Stock Exchange Becoming Irrelevant? Is it already?

We on the margin were reflecting on the recent conclusion of the Neal & Massey BS&T takeover. Neal & Massey were successful of course in buying the entire company. Some 97% of shareholders willingly took the offer and the remainder were bought out by N&M following the 90% rule. (If you own 90% of a public company you can take possession of the other 10% of shares just by paying for them). So lock stock and barrel, BS&T as an independent entity is history. What was once considered the symbol of white corporate power in Barbados has been sold (but that is another post).

So what happens next? Of course the company will be de-listed from the BSE, it’s now a wholly owned subsidiary so it won’t be traded. As a result the numbers of companies on the exchange take a hit. This will be the latest in a series of reductions in the number of public companies in Barbados. Island Properties Ltd. was taken off the exchange by Colin Brewer & Tony Hoyos, Life of Barbados was taken down by the Mutual (now Sagicor), BWIA was grounded by the Trinidad Government. If we want to think back that far Plantations Ltd. went in a long agonizing slide into oblivion. Now we have BS&T joining the ranks of companies that were once public.

Along with this slow dwindling, there is a scarcity of new companies going on to the exchange. Of course unless you count Sunbeach (we won’t go any further on that one). To make matters worse there’s an overwhelming tendancy for people to buy shares and then hold onto them for long term appreciation. So we have far more buyers than sellers. The mutual funds have added a new dimension but the returns (if you take out the BS&T takeover) have been pretty much moribund.

Merging the regional exchanges will buy time, however the fact of the matter is the investment arena in Barbados is pretty stagnant. If you listen to the rumour mill, the stories floating around about “back room deals” may or may not have substance, but they don’t engender confidence in smaller investors.

The management of the exchange must see the trends, and also must realise that from a long term view, if they do not take action they will be consigned to the same file folder that currently holds BS&T.

Marginal

March 22, 2008

We are the middle class….

We were having a chat this afternoon about a Laugh it Off skit from this year’s prodution called “We are the middle class…” which while being very funny takes a very sharp aim at those members of the middle class who have “the big ride” but no money to put gas in it, or who have platinum credit cards (which are maxed out) or who drive soooves (SUV’s).

I was thinking that the middle class in Barbados is perhaps the most hated socio economic group in the islands social milieu. They are constantly pilloried by the “working class” for “forgetting where they came from”, by the “upper classes” for being “social climbers”, by Cave Hill academics as being “petite bourgeois”, by politicians as being somehow “not as bajan” as the “working” class. There is constantly the insinuation that somehow they ought to be ashamed of wanting to live in a nice house, in nice neighborhood and to drive a nice car, or that they did something illegal or immoral to achieve whatever they have.

This goes further, the tax structure in Barbados shields the poor (hell it even gives a reverse tax credit to the poor) and those in the “upper classes” have all sorts of advice from accountants on how to avoid (note I did NOT say evade) paying taxes. The result of this is that income tax in Barbados is paid by the poor sod who works as an employee for a salary (given the exemptions usually a supervisors salary or higher) in short income tax is paid by the middle class.

And no politician dares to be caught giving concessions to the middle class! The poor or “working” class are the politician’s stock in trade in getting the media spotlight. Concessions are given for investment by businesses “to promote growth in employment” but when was the last time you heard a politician crowing about how he was going to help out the guys in the middle?

 The thing is…..

when I think about the middle class people that I know, they are almost all diligent people who work damn hard for a living, they pay their taxes and follow the rules. They do without so that they have something to put away for the future. They are likely to live not just for their future but for their children’s future. They (in many cases) went to UWI in Cave Hill although some were fortunate enough to travel overseas to study (even if only to Jamaica or Trinidad).

Despite being most often accused of “forgetting where they come from” I’ve found that most of them are well aware of where they came from, but more often than not their focus is on “where they are going” and if you follow their lives and careers there is a steady progression towards that goal.

So rather than bashing the middle class, perhaps the next time you hear this type of conversation going on try to relate it to people that you know rather than some amorphous group, ask yourself who are the middle class?

You might be surprised to find out that WE are the middle class..

Marginal

March 20, 2008

One Fatality as Massive Waves Pound Barbados

 

As Barbados’ coasts received a pounding from huge waves generated by an atlantic storm, an elderly gentleman got into difficulty swimming and drowned today.

Noel Austin, who accompanied the elderly man to the beach this morning admitted there were red flags on the beach when they arrived, indicating danger and that swimming was therefore not advised. He said they still ventured into the water, but he emerged after realising the waters were too rough. Unfortunately, Austin said, his friend dismissed his advice to do the same.

The best efforts of the Coast Guard and a lifeguard on duty to save the St. Michael man were in vain.

 The heavy seas also affected operations at the Barbados Port where three cruise ships were forced to abort attempts to berth at the deep water harbour for safety reasons. After discussions between the captains and the Harbourmaster it was decided that conditions were too rough to allow for the tendering of passengers to the shore.  The port was offloading one small cargo ship that had a perishable cargo, but indicated that it’ s operations as far as servicing ships would be curtailed for the day. (The port remains open for deliveries of cargo)

There are some reports of property damage in neigbouring St. Lucia however we are short on details.

It is anticipated that the swell will become more intense over Friday but that sea conditions should be back to normal by Saturday.

We will continue to follow this story as details come to hand.

Marginal.

Hello? Hello? Police Emergency Hotline Out of Order…

Buried in the middle of the paper today was a story that the Royal Barbados Police Force’s emergency hotline number was out of order…. yes it did ask people to call another number, no I can’t remember what it was, no I don’t think that someone having and emergency and requiring police assistance would be able to find the number.

Does anyone else think there’s something wrong with this?

Perhaps someone should define the meaning of the word “emergency” for the telephone company!

Marginal

March 12, 2008

Consultants – Another One Of Those Silly Games That Politicians Play

“Politicians Mekkin Mock Sport At We…..”
Mighty Gabby

We on the margin have watched with a degree of amusement at first Prime Minister David Thompson’s “House cleaning” followed by Former Prime Minister Arthur’s war path speech. Having listened to them both I can only come to the conclusion that our prime ministers both present and past are playing “mock sport” with us.

Let’s accept a few realities here…

1. Consultants are an accepted part of governance in the Caribbean, always have been and more than likely always will be. When running something as complex as a government, it is understandable that policymakers (whatever party they may belong to) may want to have independant advice to help them shape policy or to advise them politically, to write speeches etc.

2. Let’s also accept the fact that each policy maker is going to want to select their own consultants or advisors. Hence you cannot equate persons who fill this role with public servants. Like the directors of statutory boards etc. They SHOULD resign when the administration changes. It is not victimisation for the incoming administration to say that they want to take someone else’s advice.

So here we have PM Thompson, equating hiring consultants with squandermania, just to have to turn around and defend his appointment of “political advisor” Hartley Henry as being somehow different.

We also have former PM Arthur talking about going “on the warpath” over these people being dismissed. (They should have tendered their resignations already)

While we have serious concerns about Mr. Arthur saying that he “helped out” one of his speech writers who had lost his previous employment, we also recognise that Mr. Henry is unlikely ever to file consultant report that will be filed in the government filing system. The advice given by consultants at this level is more than likely to be held in the PM’s personal files and also likely to leave the office with the individual when he demits office.

So when you cut through all of the sound and fury that has surrounded this issue, there really isn’t that much substance here. Just politicians playing “holier than thou” and mekking mock sport as they play to the gallery.

Marginal

March 10, 2008

Is Rihanna Ambassador Material?

Filed under: Barbados,Barbados Media,Caribbean,culture,entertainment,Government,Media,Rihanna,tourism — notesfromthemargin @ 9:34 pm

We came across a thought provoking article in the South Florida Times which was talking about the recent award of “Cultural Ambassador” status to Rihanna by Barbados. The article makes some thought provoking reading.

However the author then goes on to list possible downsides….
While the article concludes positively, we got to thinking that it ignores a salient point. At the moment Rihanna is an ambassador for Barbados whether she has the honorary title or is just a citizen. She is the ONLY entertainer on the world stage publicly identified with the country, and is in fact quite often the only point of reference that many people have.  If you talk to people who market Barbados they indicate that Rihanna has introduced Barbados to a range of people who had never heard of the island before. As a result of this we are inextricably tied to Ms. Fenty.
We could do a whole lot worse for an ambassador… and more to the point Rihanna recognises this tie and seems to embrace it with relish. (She didn’t have to big up the island in her acceptance speech) So yes there are risks in honoring a 20 year old, but we are taking that risk whether we accord Ms. Fenty the ceremonial title or not.
Marginal

March 9, 2008

David Thompson Praises Owen Arthur- BFP Criticises David Thompson….Coincidence?

 

It was bound to happen sooner or later, BFP turned savage on David Thompson. (Just after Mr. Thompson praised his predecessor)  It would seem that BFP is discovering that politicians are politicians. (Particularly in Barbados)

The whole tale in three parts….

Nation News – Well Done!

BFP: Barbados Cabinet Ministers Free To Accept “Gifts” From Persons Wanting Government Approvals Or Contracts

(Note The BFP  article is published same day as the Nation Article)

Our take on the matter…(Published in June LAST YEAR) “Prime Minister Owen Arthur, and the Opposition Democratic Labour Party led by David Thompson, who was once the Minister of Finance, are virtual ideological twins”

What makes Barbados fortunate is that both Mr. Thompson and Mr. Arthur are quite good as politicians go, and while they may both talk left their actions are decidedly centrist. But anyone expecting fundamental change from either party is likely to be disappointed.

Marginal

Next Page »

Create a free website or blog at WordPress.com.