By Stabroek News October 11, 2022 Dear Editor, Permit me to respond to Joel Bhagwandin’s letter in SN of October 8th, captioned, ‘The overall objective of the PSA is to obtain a higher profit share after fully recouping investment costs’; but before doing so, I would like to recommend that Joel Bhagwandin take some finance…
Introduction In last week’s column, I had indicated that there were two proposals, which I wished to offer on the tenth topic on my list of “top-10 development challenges.” That topic is “Integrating PSA Revenues into the National Budget.” These proposals are: First, a call for a major framework policy indicative plan early on in…
Finally, in all of Guyana, one man – Glenn Lall, owner of Kaieteur News – has found the gumption, and moral courage to stand in the middle of the road and tell the Government and oil companies that he will not sit idly by and allow the looting of Guyana to continue. Glenn speaks for…
Yesterday, a Guyanese court issued a ruling in a judicial review action brought against the government and three companies — Esso (Exxon), Hess, and CNOOC Nexen — for failing to comply with the Environmental Protection Act. “Ironically, this ruling comes just as a new study shows the Deepwater Horizon disaster ten years ago had much farther-reaching (and still…
In subservience to Exxon and realizing that they will lose the legal battle, the Government now plots its heralded scheme for an oil spill legislation to nullify Judge Kissoon’s decision decreeing that an Unlimited Parent Company Guarantee (referred herein as UPCG) must be provided to bear the full cost of any oil spill, above what…
Kaieteur News on 13 April reported, ‘ExxonMobil, EPA a no-show again at Natural Resources Parliamentary meeting’ (https://www.kaieteurnewsonline.com/2024/04/13/exxonmobil-epa-a-no-show-again-at-natural-resources-parliamentary-meeting/). Through your pages, I call on our elected parliamentarians and staff of the National Assembly to use the legal procedures to require both ExxonMobil Guyana Limited (EMGL) and the EPA to obey the law of the land. Standing…
Recently, Ambassador Samuel Hinds reminded Guyanese of the notion that ‘A bird in the hand is worth more than two in the bush’. I contend that this statement is only true when one does not have ownership of both the bird and the bush; and therefore, one has to manage both bird and bush and other…
What’s the difference between a traitor and an educated writer, with the writer using his pen to weaken and impoverish his people, under the guise of security and national interest, to justify an oil contract so stupid and filled with incomprehensible nonsense and incomparable exploiting terms? We have quislings among us, whose touchstone is not…
On the 18-Jun-2018 the Kaieteur News indicated that Dr Jan Mangal (petroleum adviser to the President from Mar-2017 to Mar-2018) recommended the investigation of the award of petroleum blocks which occurred under the previous government. Then a few days later on the 22-Jun-2018 the Kaieteur News ran an article which suggested Dr Mangal was criticising…
One of the most valuable non-renewable resources that Guyana has, apart from oil, is gold. The price for an ounce of gold on the World Market (June 16, 2024) is US$2,348.40 (https://www.google.com/search?q=price+of+gold&rlz=1C1ONGR_enUS1113US1113&oq=price+of+g&gs_lcrp=EgZjaHJvbWUqCggAEAAYsQMYgAQyCggAEAAYsQMYgAQyCggBEAAYsQMYgAQyBggCEEUYOTINCAMQABiSAxiABBiKBTIHCAQQABiABDIHCAUQABiABDINCAYQABixAxjJAxiABDIHCAcQABiABDIHCAgQA); and therefore, one pound of gold is US$37,574.40, as compared with a pound of sugar at US 19.35 cents and rice at US 18.15…
