Beautiful Virgin Islands

Tuesday, Oct 21, 2025

The price increases are coming!

The price increases are coming!

In or around 1776, Paul Revere was cited as saying “The British are coming, the British are coming!!” There are some disputes as to if it was him or someone else who said it. Yet, the undeniable fact is that the British, under Cornwallis, did come. It took a while, but those same British had to sail themselves back to "Jolly ole Englande" to face the wrath of King George.

In more recent times, the minute the war broke out between Vladimir V. Putin and sanity, the world as we knew it economically, changed.

With Russia being the world's second-largest producer of crude oil, global oil prices have jumped from $65 per barrel in 2021 to $100 in mid-March, 2022.

Well, Ukraine is far away?

Correct.

Won’t affect anything to do with Bermuda and the rest of the region?

Incorrect.

This latest military and humanitarian crisis will most definitely affect us all economically in both the short and long run.

Here is a quote from [British] Virgin Islands Minister of Transportation, Works and Utilities Honourable Kye M. Rymer (R5).

"This is not going to be something that I or anybody here in the BVI will be able to control, that is going to be difficult…"

Here is what we can expect:

*  Increase in the cost of producing electricity, as our electric cal power plants rely on imported refined oil.

*  increase in the cost of fueling up our vehicles, as they all rely on imported fuel oils as well

*  Cooking gas will go up

*  Airline tickets will go up.

*  The foods and goods we import will go up, as the ships bringing them have to use the same type of oil that our power plants operate on.

So, to borrow a line from the 1770s, “The increases are coming, the increases are coming!!"

Forward thinking


Fortunately, there is somewhat of a “silver lining” to this man-made catastrophe.

*  Just recently we saw the arrival of new electric buses that will produce zero emissions and require zero fuel in order to operate

*  The Saturn Solar farm down east is now operational and capable of producing up to 6 Megawatts or 6 per cent of our peak demands during the time that the sun is up

*  Legislation in Bermuda was recently changed by Deputy Premier Honourable Walter H. Roban to allow for those entities that wish to try out different forms of renewable energy such as solar and wave technology

Like everywhere else in the world, we are reliant on the by-products of fossil fuels in order to maintain the standards of living that we have become accustomed to over the last 100 years.

*  Refrigeration

*  AC units

*  Internet

*  Mass transportation

*  Tourism arrivals

Essentially, there is no escaping using fossil fuels in one form or another.

It is clear that events both near and far, can adversely affect our economies. As a region, we must continue to implement slow but steady increases to our energy supply mixes.

Legislation in Bermuda was recently changed by Deputy Premier Honourable Walter H. Roban to allow for those entities that wish to try out different forms of renewable energy such as solar and wave technology.


[British] Virgin Islands Minister of Transportation, Works and Utilities Honourable Kye M. Rymer  has said no one in the Virgin Islands would be able to control the price increases caused by the military crisis between Russia and Ukraine.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Apple Challenges EU Digital Markets Act Crackdown in Landmark Court Battle
Nicolas Sarkozy begins five-year prison term at La Santé in Paris
Japan stocks surge to record as Sanae Takaichi becomes Prime Minister
This Is How the 'Heist of the Century' Was Carried Out at the Louvre in Seven Minutes: France Humiliated as Crown with 2,000 Diamonds Vanishes
China Warns UK of ‘Consequences’ After Delay to London Embassy Approval
France’s Wealthy Shift Billions to Luxembourg and Switzerland Amid Tax and Political Turmoil
"Sniper Position": Observation Post Targeting 'Air Force One' Found Before Trump’s Arrival in Florida
Shouting Match at the White House: 'Trump Cursed, Threw Maps, and Told Zelensky – "Putin Will Destroy You"'
Windows’ Own ‘Siri’ Has Arrived: You Can Now Talk to Your Computer
Thailand and Singapore Investigate Cambodian-Based Prince Group as U.S. and U.K. Sanctions Unfold
‘No Kings’ Protests Inflate Numbers — But History Shows Nations Collapse Without Strong Executive Power
Chinese Tech Giants Halt Stablecoin Launches After Beijing’s Regulatory Intervention
Manhattan Jury Holds BNP Paribas Liable for Enabling Sudanese Government Abuses
Trump Orders Immediate Release of Former Congressman George Santos After Commuting Prison Sentence
S&P Downgrades France’s Credit Rating, Citing Soaring Debt and Political Instability
Ofcom Rules BBC’s Gaza Documentary ‘Materially Misleading’ Over Narrator’s Hamas Ties
Diane Keaton’s Cause of Death Revealed as Pneumonia, Family Confirms
Former Lostprophets Frontman Ian Watkins Stabbed to Death in British Prison
"The Tsunami Is Coming, and It’s Massive": The World’s Richest Man Unveils a New AI Vision
Outsider, Heroine, Trailblazer: Diane Keaton Was Always a Little Strange — and Forever One of a Kind
Dramatic Development in the Death of 'Mango' Founder: Billionaire's Son Suspected of Murder
Two Years of Darkness: The Harrowing Testimonies of Israeli Hostages Emerging From Gaza Captivity
EU Moves to Use Frozen Russian Assets to Buy U.S. Weapons for Ukraine
Europe Emerges as the Biggest Casualty in U.S.-China Rare Earth Rivalry
HSBC Confronts Strategic Crossroads as NAB Seeks Only Retail Arm in Australia Exit
U.S. Chamber Sues Trump Over $100,000 H-1B Visa Fee
Shenzhen Expo Spotlights China’s Quantum Step in Semiconductor Self-Reliance
China Accelerates to the Forefront in Global Nuclear Fusion Race
Yachts, Private Jets, and a Picasso Painting: Exposed as 'One of the Largest Frauds in History'
Australia’s Wedgetail Spies Aid NATO Response as Russian MiGs Breach Estonian Airspace
McGowan Urges Chalmers to Cut Spending Over Tax Hike to Close $20 Billion Budget Gap
Victoria Orders Review of Transgender Prison Placement Amid Safety Concerns for Female Inmates
U.S. Treasury Mobilises New $20 Billion Debt Facility to Stabilise Argentina
French Business Leaders Decry Budget as Macron’s Pro-Enterprise Promise Undermined
Trump Claims Modi Pledged India Would End Russian Oil Imports Amid U.S. Tariff Pressure
Surging AI Startup Valuations Fuel Bubble Concerns Among Top Investors
Australian Punter Archie Wilson Tears Up During Nebraska Press Conference, Sparking Conversation on Male Vulnerability
Australia Confirms U.S. Access to Upgraded Submarine Shipyard Under AUKUS Deal
“Firepower” Promised for Ukraine as NATO Ministers Meet — But U.S. Tomahawks Remain Undecided
Brands Confront New Dilemma as Extremists Adopt Fashion Labels
The Sydney Sweeney and Jeans Storm: “The Outcome Surpassed Our Wildest Dreams”
Erika Kirk Delivers Moving Tribute at White House as Trump Awards Charlie Presidential Medal of Freedom
British Food Influencer ‘Big John’ Detained in Australia After Visa Dispute
ScamBodia: The Chinese Fraud Empire Shielded by Cambodia’s Ruling Elite
French PM Suspends Macron’s Pension Reform Until After 2027 in Bid to Stabilize Government
Orange, Bouygues and Free Make €17 Billion Bid for Drahi’s Altice France Telecom Assets
Dutch Government Seizes Chipmaker After U.S. Presses for Removal of Chinese CEO
Bessent Accuses China of Dragging Down Global Economy Amid New Trade Curbs
U.S. Revokes Visas of Foreign Nationals Who ‘Celebrated’ Charlie Kirk’s Assassination
AI and Cybersecurity at Forefront as GITEX Global 2025 Kicks Off in Dubai
×