During last week, the Stabroek News published an article (Akola Thompson “Towards a post-racial future” and a letter (Ryhaan Shaw “Little hope of a post-racial future for Guyana any time soon”) on the future of race in Guyana. Race is a difficult issue to discuss because of its complexity and intractability. But a peaceful and […]
Tag Archives: economics
FOOD AND BOOZE IN PARLIAMENT
A report on the cost of food for each sitting of Parliament, being $700,000, has triggered a particularly sharp debate about the cost and the alleged supply of alcohol. The Leader of the Opposition, Mr. Bharrat Jagdeo, confessed that he consumes the food. He said: “I eat the food. What do you suggest? I don’t […]
THE $20 BILLION QUESTION FOR GUYANA
On Friday last the New York Times published “The $20 Billion Question for Guyana.” It was a lengthy review of Guyana and the impact that the oil discovery by Exxon and its partners in offshore Guyana is likely to have. Two recent articles by the Wall Street Journal and Foreign Affairs, of world-wide reputation, like […]
THE CCJ UNDER ATTACK – ‘POLITICIANS IN ROBES’
The total electoral devastation of the Democratic Labour Party(DLP) and the political exit door shown to former Prime Minister, Freundel Stuart, by the Barbados electorate at the elections last Thursday, is an apt and decisive answer to the vicious attack Stuart made on the Caribbean Court of Justice earlier in the week, when referring to […]
500,000 Barrels A Day.
With the production of 500,000 barrels a day for 300 days a year at US$40 a barrel, the annual income would be US$6 billion. The cost of production of oil varies widely, depending on whether it is onshore or offshore and if offshore, how far away and how deep. To give some idea North Sea […]