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 […]
Tag Archives: national development strategy
A SOCIAL CONTRACT FOR GUYANA
(This article, slightly amended, was first published in 2010 in the Mirror and Guyana Chronicle. It attracted no comments. Though somewhat dated, the views might be considered still relevant). Guyana is not unique in its system of adversarial politics. In fact, Guyana shares with most democratic countries an elected legislature to which competing parties seek […]