Ramkarran’s estimate of government revenue from oil is too high
Concerns from Aug 14, 2016: Ralph Ramkarran, in his article in SN of August 7, 2016 ‘Guyana’s future as an oil producer’, estimates that Guyana can expect revenues of US$5.5 billion a year from the recent Liza oil discovery by ExxonMobil and partners. Ramkarran uses three variables to arrive at his figure: an oil price…