Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • Videos
  • Career & Education
  • Classifieds
  • All Woman
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Design Week
Obama to offer alternative to Venezuelan crude on Caribbean swing
US President Barack Obama
News
April 7, 2015

Obama to offer alternative to Venezuelan crude on Caribbean swing

WASHINGTON, United States (AFP) – Barack Obama will become the first US president to set foot on Jamaican soil in more than three decades Wednesday, as the United States bids to check Venezuelan influence in the Caribbean.

Obama will arrive in Kingston for a meeting with the 15-member CARICOM Caribbean bloc, the first time a sitting US president visits the island since Ronald Reagan in 1982.

Obama will be keen to offer an alternative to cheap Venezuelan oil, which has enticed many of the region’s struggling economies, but looks set to end.

Obama will have to woo countries that while geographically close to the United States, sometimes feel politically distant.

“We absolutely feel that the CARICOM region does deserve greater attention and engagement from the United States,” said senior Obama advisor Ben Rhodes on the eve of the visit.

He pointed to a recent energy initiative led by Vice President Joe Biden. 

“We are looking to continually deepen our relationship with the Caribbean and can play an important role in enhancing the energy security of the region,” said Rhodes.

The United States had “significant” energy resources and infrastructure, he added.

If the US has not always made its presence fully felt in the Caribbean, that vacuum was filled by Petrocaribe, an initiative by Caracas’ state-owned PDVSA — Petroleos de Venezuela.

The program offered Caribbean and some Central American nations the opportunity to defer payment for oil under low interest rates.

But as Venezuela’s own economy has faltered as oil prices slid, Caribbean states have faced stricter terms and shorter supplies, leaving them vulnerable.

Venezuela “has been reducing its subsidized oil exports to Petrocaribe and the smaller states that receive those subsidies including Cuba,” said Ted Piccone, a former advisor in Bill Clinton’s White House.

Piccone, now of the Brookings Institution, said the cuts to Petrocaribe are estimated to be anywhere between ten and thirty percent of supply.

“The goal of the United states now is to try to break up Petrocaribe and offer in particular the Caribbean states that are so vulnerable and so dependent on energy imports some extra special attention.”

Obama will arrive to Jamaica late on Wednesday. Before the CARICOM meeting on Thursday he will hold talks with Jamaican Prime Minister Portia Simpson-Miller.

– Austerity for Jamaica –

Her government has been forced to adopt tough austerity measures in order to correct a fiscal crisis and meet the demands of IMF creditors.

With domestic pressure building, the White House is lending its “strong support for Jamaica’s work to deal with a debt crisis” said another senior Obama advisor, Ricardo Zuniga. 

Critics say Jamaica has been forced to adopt what the US-based Center for Economic and Policy Research called “the most austere budget in the world.”

“Jamaica actually has a lower per capita GDP in 2015 than when Obama was elected more than six years ago,” the economic think tank said, urging less strident cuts.

Before departing for a Summit of the Americas in Panama late Thursday Obama will take part in a “town hall” meeting with young leaders in Jamaica and participate in a wreath-laying ceremony.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Shanti Ruben spreads message of love, unity through music
Entertainment, Latest News
Shanti Ruben spreads message of love, unity through music
June 22, 2026
For more than three decades, roots reggae artiste Shanti Ruben has remained committed to using music as a force for positive change, spreading message...
{"jamaica-observer":"Jamaica Observer"}
Messi sets World Cup scoring record as Argentina down Austria
Latest News, Sports
Messi sets World Cup scoring record as Argentina down Austria
June 22, 2026
LOS ANGELES, United States (AFP) — Lionel Messi became the World Cup's all-time leading goalscorer on Monday, scoring twice as holders Argentina power...
{"jamaica-observer":"Jamaica Observer"}
DR Congo Ebola outbreak tops 1,000 cases, kills 254
International News, Latest News
DR Congo Ebola outbreak tops 1,000 cases, kills 254
June 22, 2026
KINSHASA, DR Congo (AFP)—More than 1,000 Ebola infections have been recorded in the Democratic Republic of Congo, where the latest outbreak has killed...
{"jamaica-observer":"Jamaica Observer"}
University student and business executive win Mister and Mister Teen Universe International Jamaica titles
Entertainment, Latest News
University student and business executive win Mister and Mister Teen Universe International Jamaica titles
BY KEVIN JACKSON Observer Writer 
June 22, 2026
After three months of training and preparation, the winners in the 2026 Mister and Mister Teen Universe International Jamaica competitions were announ...
{"jamaica-observer":"Jamaica Observer"}
Holness refuses to state whether FID has said there’s no case for him to answer
Latest News, News
Holness refuses to state whether FID has said there’s no case for him to answer
June 22, 2026
KINGSTON, Jamaica — Prime Minister Dr Andrew Holness was circumspect on Monday when he responded to a question about the state of the investigation by...
{"jamaica-observer":"Jamaica Observer"}
Messi sets World Cup scoring record with 17th goal
Latest News, Sports
Messi sets World Cup scoring record with 17th goal
June 22, 2026
ARLINGTON, United States (AFP) — Lionel Messi became the leading scorer in World Cup history when the Argentina captain netted against Austria on Mond...
{"jamaica-observer":"Jamaica Observer"}
SGR to host Dynamic Elevated Lifestyle Open House
Latest News, News
SGR to host Dynamic Elevated Lifestyle Open House
June 22, 2026
Stella Global Realty (SGR) Jamaica Ltd has officially announced it will host the Dynamic Elevated Lifestyle Open House on Saturday, June 27, 2026. The...
{"jamaica-observer":"Jamaica Observer"}
Holness to meet Wheatley after Cabinet about troubling IC report
Latest News, News
Holness to meet Wheatley after Cabinet about troubling IC report
June 22, 2026
KINGSTON, Jamaica — Prime Minister Dr Andrew Holness says he will be meeting with embattled Minister of Science, Technology and Special Projects Dr An...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct