Much has been written in the Guyana media about the need for oil specialists and experts and there are critiques in KN that the person trained in the oil industry is not appointed as the line minister (Energy). Be that as it may, and not to detract from one’s formal training in an industry, one…
Guyanese are asking whether a review would lead to renegotiation of the contract and increased revenue sharing. “Show us the dough”, is what interest Guyanese.We applaud the PPP government for voluntarily seeking a review of the Payara project. Government is short on revenues. So it rightly sought a grant from a willing donor country, Canada,…
Thank you KN for your exposés on the oil sector. Reference is made to the Review of the Payara project (KN several dates). When I was asked for my opinion as someone who studied oil economics, I could not give a response other than to say I welcome “a review” as indeed every Guyanese and…
I have been traveling around the country conducting a tracking poll on election-related matters, including on peoples’ trust in GECOM and its Chair, as well as on political figures. I also have been querying voters on popular media personalities and readership of newspapers and columns as well as their interest in news reports and commentaries….
I applaud Counsel Sanjay Datadin (KN Dec 15) for his courageous warning of the fear that Guyana could become another Angola.Those of us who studied economics (especially at the post-graduate or doctoral level) would know that Angola (in southern Africa) is a typical illustration of the oil curse (having enormous natural resources and wealth, but…
During the anti colonial struggle in the 1950s and 1960s, the political leaders lambasted the (British) imperial powers (colonizers) for exploiting the nation and not paying their fair share in taxes and for not contributing to the development of the colony.The foreigners (the White man) were described as blood suckers, vampires draining the resources of…
In a nationwide public opinion tracking poll conducted in late October by the North American Caribbean Teachers Association, the nation almost unanimously rejects the low royalty rate (of between zero and two percent), sweeties or handouts given to oil companies, and profit sharing agreement of the government with multinational Exxon/Mobile and other oil companies. People…
Should or will the population defer to the politicians (government) on oil and political decision making? If the politicians think so, they better think again. The people are not sleeping on oil politics. They are gradually waking up to the realities of oil and will demand a fair contract and distribution of the revenues.They are…
There are several news reports that government is preparing the final draft of its local content policy (act or law). There are also several commentaries on the issue. KN has focused extensively on issues pertaining to the oil industry – especially on how the nation is being hoodwinked (cheated and robbed) in broad daylight on…
There are countless flaws in the oil contracts between Guyana and the multinational companies. Guyana has been shafted (exploited or get very little) in the contracts with oil companies as reported so many times in KN.It is reported in KN and the international media that oil companies have paid Brazil some US$2.2 billion for rights…
