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 […]

ABSENCE DOES NOT MAKE THE HEART GROW FONDER

Being away for the past six weeks allowed me the luxury of leisurely contemplating Guyana from afar. The news emerging was not encouraging. The prison was burnt down and prisoners escaped; then more escaped from Lusignan. A disaster waiting to happen, it was said, but nothing of significance was done to prevent it. Perceptions of […]

THE POWER OF PUBLIC OPINION

The campaign against the unilateral and undemocratic imposition of parking meters in Georgetown is at last bearing fruit. The Government has been persuaded to intervene and had asked the City Council to suspend the operation of the contract until a renegotiation of its terms can be effected. At a time when the Government has been […]

PUBLIC RAGE

Public rage in Georgetown continues to grow and expand as last Thursday’s massive demonstration shows, even as the Government has finally been forced to intervene in the parking meter fiasco. But it is too little too late. Boat gone a’ fall. The demand is now for the rescinding of the flawed agreement between the City […]

OIL AND SOME OF ITS CONSEQUENCES

Three of the four dailies on Friday headlined the second oil find by ExxonMobil at a well called Payara-1. Past predictions about the presence of petroleum deposits in off-shore Guyana were confirmed when ExxonMobil’s announced its world class discovery, the largest for 2016, at its Liza well. If the Payara-1 turns out to be large, […]