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  • Group General Manager of the Petroleum Corporation of Jamaica (PCJ), Winston Watson, is encouraging consumers to continue to practise energy saving measures, even as world oil prices continue to fall.
  • Crude oil prices have fallen to a record five-year low.
  • Prices have dropped by approximately 40 per cent since the beginning of the year, moving from about US$115 per barrel in January, to approximately US$64 per barrel in December.

Group General Manager of the Petroleum Corporation of Jamaica (PCJ), Winston Watson, is encouraging consumers to continue to practise energy saving measures, even as world oil prices continue to fall.

Crude oil prices have fallen to a record five-year low. Prices have dropped by approximately 40 per cent since the beginning of the year, moving from about US$115 per barrel in January, to approximately US$64 per barrel in December.

“We are hoping that as oil price comes down we still maintain that drive for conservation and efficiency and not get back to the stage we did many years ago when oil price went down to US$18 a barrel and then we lost our drive to conserve,” Mr. Watson said.

The PCJ Group General Manager, who was speaking in an interview with JIS News, said the entity is spearheading research in various areas of energy, including extensive investigation into Jamaica’s potential for renewable and hydro carbons.

“We think that the most important part of this whole energy mix is finding our own oil and gas. We are looking at renewable energy but energy conservation can buy you a lot of savings in terms of what we are doing in the country and so we are driving that promotion,” he said.

Turning to the PCJ energy efficiency intervention programme, which began in 2004, he informed that over $116 million has been invested to date, resulting in more than $43 million in savings on Jamaica’s annual energy bill.

Under the project, a number of energy saving measures have been implemented in government schools, hospitals, health centres and other public sector facilities.

 

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