Energy
Euphoria: Valero Reopens
Valero Energy Group just announced plans to reopen the facilities in St. Nicolas. Wide spread euphoria within ranks of the government, workers, Valero and financial commentators was the result.
Is this euphoria merited really? Not so fast. Don’t get me wrong, there’s certainly something to say about workers getting their jobs back, without question. This new legislation, [...]
Valero Still Closed
After temporarily closing down its facilities in St. Nicolas, Valero Refinery Aruba still is seeking buyer for the aging facility. Several parties have shown interest but couldn’t reach an agreement.
Another difficult point is the island government. Any party interested in acquiring the refinery needs to meet certain demands, specifically fiscally, environmentally and labor.
Oil prices continue [...]
January 1: Taxes lowered, gas prices lowered
A new government took helm of Aruba early November, after beating the incumbent party in the general elections in September 2009.
The new government campaigned fiercely against many unpopular measures introduced by previous leadership. This obviously helped them into power and obtained majority seats in parliament.
One of the principal promises was the reversal of the highly [...]
Wind Turbines Operational
The last few months a major assembly work for 10 wind turbines took place at Vader Piet, in St. Nicolas.
These wind turbines are expected to bring some stability to the consumer prices in Aruba. According to the wind turbines operator whenever the oil prices are $55 per barrel or higher, the windmills are cheaper for [...]
Rare gasoline price drop
Tomorrow gasoline will drop with about 5%. Naturally these drops are rare in this part of the world. Nevertheless, any drop is welcome. For more information visit arubalife.net/gasoline.
October 13th, 2009 Read more » gasolineGoverning Party Losses, Blames Valero
A day after the general elections in Aruba, with devastating results for the governing party, the resigning Prime Minister of Aruba put the blame for the strong defeat at The Netherlands government and Valero CEO for meddling in internal affairs.
Just a few day before the general elections Valero Aruba Refinery owner, Valero Energy Corp., based in San Antonio, Texas, [...]
