Trinidad Tobago is diversified, based to a large extent on oil, natural gas, industry and agriculture. It is one of the leading gas-based export centres in the world, being the leading exporter of ammonia and methanol and among the top five exporters of liquefied natural gas. This has allowed Trinidad to capitalise on the biggest mineral reserves within its territories. It is an oil-rich country and stable economically. The Venezuela Tertiary Basin is a subsidence basin formed between the Caribbean and South American plates, and is bounded on the north by the coast ranges of Venezuela and the Northern Range of
Actions of 5–6 May 1945 closed and dropped 13 depth charges in a single attack, which destroyed "U-881" with the loss of all hands. These were the last U-boats destroyed in action in American waters; on 8 May, the Germans surrendered, and the last active U-boats in American waters gave themselves up to units of the USN and RCN. Actions of 5–6 May 1945 The last actions of the Battle of the Atlantic in American waters took place on 5–6 May 1945. There were two such actions, against off the Rhode Island coast and , south of Cape Race, both sunk during the same period.