Trinidad and Tobago will likely be heading towards a predicted economic “guava season”.

This is the sentiment of former minister in the Ministry of Finance Mariano Browne and energy consul­tant Anthony Paul, who both appeared on the Movement for Social Justice’s (MSJ) Tuesday Talk forum, where they reacted to the US revocation of the special Office of Foreign Assets Control (OFAC) licences which would have allowed the country to process gas from the Dragon and Cocuina-Manakin gas fields.

Both men called the development unsurprising, given US policy direction in recent times, and suggested more focus be placed on internal revenue generation, in light of declining oil and gas production and deficit spending.