The Pitfalls of Guyana-ExxonMobil Petroleum Agreement
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January 2020
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The crucial decision before Guyanese is how to break with the past to create a new and altogether different future
As Guyana continues to avoid solving long-standing and ingrained problems, as the political and business elites of all stripes continue to keep the majority suffering and poor, all this forfeiting much value for future generations, I reflect on the last few years as Guyanese achieved first oil and are approaching elections. Below are some of…
First Oil and the Legacy
I am flabbergasted how casually most Guyanese are lured into the belief that oil is the elixir to all their troubles, and that magically Guyana is going to be transformed into a culture of abundance.Except for a few scholars and jaded oil industry professionals, there seems to me a condition of national willful ignorance and…
First oil marked by obfuscation and confusion
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 81 – January 3, 2020 Introduction This column should have continued my take on Local Content. I will defer this to a later piece so that I do not miss the very focus on this series: the Road to First Oil. Readers will…
This oil contract is a giveaway of Guyana’s precious resources
Almost two years after the government signed the oil contract with ExxonMobil, it was made public, but only after months of constant pressure from this newspaper and other media outlets. From all indications, it was a poorly negotiated contract with a meagre two percent royalty, which is considered the worst of all negotiated oil contracts…
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