27 Apr '12, 1pm

Drumbeat: April 27, 2012

IT CREPT like a spider, softly climbing up our back. Suddenly, it appeared in front of our eyes: big and black, poised to strike. This was how it felt to suddenly, out of the blue, be told that a foreign multinational company had been given the right to explore, drill and own oil in the Bahamas. The Bahamian public was not forewarned. There were no public meetings or discourse. So, how could we be blamed for thinking it was of little import and "no big deal". Well, I'm here to tell my fellow Bahamians that the ownership of Bahamian oil by any foreign multinational company is of huge importance and consequence to Bahamians now and in the future.

Full article: http://www.theoildrum.com/node/9150

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