Caribbean Petroleum Update : March 2014 | Call: 1-876-927-1779 page CARIBBEAN PETROLEUM UPDATE is a monthly Bulletin which highlights petroleum issues affecting or relevant to the Caribbean, international developments that may affect the region’s way of life and movements in oil prices and retail prices for fuel regionally. CARIBBEAN ENERGY INFORMATION SYSTEM (CEIS) MARCH 2014 ISSUE To access CEIS website continued on page 2/ CONTACT US Caribbean Energy Information System, Scientific Research Council, Hope Gardens, Kingston 6, Jamaica 1-876-927-1779 (Telephone) 1-876-977-1840 (Fax) [email protected]www.ceis-caribenergy.org Coal is considered to be the dirtiest of all fossil fuels, yet it generates nearly 40% of the world’s electricity. When com- pared to the other fossil fuels it is the cheapest form, but its contribution to carbon emissions is nothing far from costly. The largest source of carbon emissions is coal fired plants. This puts coal among the greatest threats facing climate change. To curb global pollution to the levels needed to minimize the risk of catastrophic global warming, we must end our dependence on coal fired plants especially in major contributing countries like the United States and China (the largest consumer of coal in the world). On the Caribbean scene, the Dominican Republic has plans in the pipeline for the construction of two coal fired plants of 384.9MW each that will burn ‘clean’ pulverized coal. Similarly, recent reports have surfaced highlighting the Jamai- can government’s endorsement of using coal generated elec- tricity to power it logistics hub that is to be constructed on parts of the Goat Islands. Emphasis was placed on the utiliza- tion of “clean coal” but is there such a product? Apart from the obvious danger to climate change, coal poses a lot of health problems. The by-products of coal include carcinogens that can cause cancer, mercury, radioactive materials and obvious externalities such as black smoke. However, given the high cost of electricity, having a coal- fired generating plant will provide lower electricity costs to the logistics hub, but at what expense? Can the use of clean coal be economical and environmentally practical? Image Source: www.telegraph.co.uk
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Caribbean Petroleum Update : March 2014 | Call: 1-876-927-1779 page
C A R I B B E A N E N E R G Y I N F O R M A T I O N S Y S T E M ( C E I S )
CARIBBEAN PETROLEUM UPDATE is a monthly Bulletin which highlights petroleum issues affecting or relevant to the Caribbean,
international developments that may affect the region’s way of life and movements in oil prices and retail prices for fuel regionally.
CARIBBEAN ENERGY INFORMATION SYSTEM (CEIS)
MARCH 2014 ISSUE
To access CEIS website
continued on page 2/
CONTACT US
Caribbean Energy Information System, Scientific Research Council,
C A R I B B E A N E N E R G Y I N F O R M A T I O N S Y S T E M ( C E I S )
REGULAR UNLEADED GASOLINE AVERAGE PRICES AT THE PUMP
MARCH 2014 MARCH 2014
NOTE: *US Gallon = 3.785 L *Imperial Gallon = 4.546 L *As at November 1, 2009 MTBE was phased out from all gasoline blends in Jamaica and replaced with 10% Ethanol.
Retail prices for Regular Unleaded Gasoline in the fourteen Caribbean countries reviewed at the end of March 2014
showed increases in prices for six countries namely; Bahamas, Barbados, Dominica, Grenada, Jamaica and St. Vincent
and the Grenadines. Prices in the remaining eight countries remained stable. Price increases ranged between 0.4% and
3%, with Grenada experiencing the highest increase of 2.6%.
See prices for all products See prices for all products See prices for all products
at at at www.cippet.orgwww.cippet.orgwww.cippet.org
Regular Unleaded Gasoline: Average Retail Price (US$/Litre) 2014