The Petro-state Masquerade: Oil, Sovereignty, and Power in Trinidad and Tobago

Since 1998, multinational oil and gas investments in Trinidad have increasingly concentrated in the deepwater sector. Characterized by protracted production cycles, deepwater ventures feature prohibitive costs and a comparatively low probability of success. After several deepwater ventures failed to yield substantive commercial quantities of oil or gas, the unfulfilled potential of a lucrative offshore geology is invoked to mitigate uncertainty and secure the long-term viability of the Trinbagonian energy sector. In their masquerade, state officials depict fossil fuels as inexhaustible resources waiting to be unearthed by multinational capital and novel extractive technologies.