I am most elated by VP Jagdeo’s hullabaloo surrounding the arrival of the capping stack in Guyana, since it finally brings attention to the constant raising of my dreaded concern about the Government’s dangerous tripling of the stack’s deployment time to 9 days from the 3 days decided upon by the Coalition Government and Exxon,…
Today’s column explores the proposed gas-to-shore project. Off the bat, I must declare that converting the present heavy fuel power plants to natural gas makes sense. Indeed, in June 2015, I wrote a column, then under Development Watch, arguing for the transition from high-polluting heavy fuel to less-polluting natural gas power plants. However, the same…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 82 – January 17, 2020 Today’s column returns to the issue of Local Content Policy which appears either to have been drowned out by the excitement of First Oil or in which interest seems to have ebbed – a pattern since the Local…
Introduction Today’s column continues the discussion of the tenth (and final) item on my list of “top-10 development challenges”, which as I have indicated, Guyana will face when spending Government Take from its coming petroleum sector. Last week’s column had offered two concrete proposals on the topic (“integrating PSA revenues and the National Budget”). Both…
Making prediction in a complex and nonlinear world often involves identifying initial conditions and then sequentially reasoning (or solving) forward. One way of knowing how well Guyana will do with its newfound oil and gas resources is to consider the initial conditions that exist in the country today. In this column and future ones, I…
Dear Friends and Supporters, Much has happened in the last few months! In October, the Acting Chief Justice ordered the three oil companies to be joined to the action. The good news is that they may not recover any costs against the litigant Mr Gaskin. Our lawyers have since put in the affidavits in reply…
The sheer organisational magnitude and efficiency of ExxonMobil as an industrial power was shown in the MARAD Notices to Mariners numbers 106 and 107 (2023) dated 12 June but only published on July 13 in your paper. These Notices cover the near-shore laying of the pipe for the Gas-to-Energy project; previous MARAD Notices covered the…
Guyana’s oil economy is now mirroring its lopsided oil contract. The world’s highest growing economy in 2022 is not spreading the fruits of growth evenly across Agriculture, Manufacturing, and Services. Indeed, the rich versus poor is mirrored by oil and non-oil economy – the high growth oil sector registering 90% growth in the value-added income…
Articles by Dr. Tarron Khemraj appearing on his business page in SN 2023/09/24 and SN 2023/09/10 require some comments, since the use of ‘Balances from Abroad’ imply that Commercial Banks have readily available sources of foreign exchange that are liquid balances and can be deployed to make good any foreign exchange ‘shortage’ affecting the Private…
There had been apparent controversy regarding both prices and incomes data generated by official reports purportedly measuring the Guyana Cost of Living, reflected by the Consumer Price Index, CPI and the Nominal Gross Domestic Product, GDP. There is a further complication as the World Bank raised Guyana’s low income status to a high income status…
