The visit to Guyana of US Secretary of State Anthony Blinken is an indication of the growing importance of Guyana on the international stage. This importance is a by-product of Guyana’s bourgeoning, petroleum-based, economy which will soon place Guyana as the largest petroleum producer per capita in the world. This, however, means little because with production at 1 or […]
Category Archives: Oil
HAPPY NEW YEAR
On this first day of the New Year I wish my readers, the readers of SN and all Guyanese, a joyful day and a successful 2022. In the new year we should give some thought to the thirty percent of Guyanese who live below the poverty line and about thirty percent of those who live […]
WHY GUYANA’S ECONOMY BEEN IN SHACKLES SINCE COLONIAL TIMES
Guyana’s is and has always been a primary producer. During its years of Independence, although there was some economic growth, Guyana was unable to significantly diversify its economy by, firstly, adding value to what it produced and, secondly, advancing the process of industrialisation. Apart from political instability and consequential factors, the absence of an adequate […]
URGENT REFORMS
Yesterday’s online edition of SN contained four separate articles about oil, the most important of which were reports of speeches by the Canadian High Commissioner and the United States Ambassador. In her farewell address, Ms. Lilian Chaterjee said that Guyana lacked the labour force needed for the ‘explosive’ oil-linked growth that is coming. The US […]
SAD TO SAY
It is sad to say that the Global Witness report, “Signed Away,” analyzing EEPGL’s (the ExxonMobil controlled Esso Exploration and Production Guyana Limited) agreement with Guyana and the damning circumstances leading up to its signing, will not influence the vote of more than a handful of people, if so many, at the elections on March […]