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 […]
Category Archives: Politics
THE MIDDLE CLASS – THE NEW DYNAMIC IN GUYANA’S POLITICS
The basis of Guyana’s political outcomes has remained static for many decades. With deeply entrenched ethnic voting patterns, Indian Guyanese, originally constituting close to 50 percent of the population, would always have the upper hand. The two elections in 1957 and 1961 demonstrated to the African Guyanese political leadership that if it wanted political power, […]
WHAT’S GOING ON IN THE PPP?
Bharrat Jagdeo’s incumbency as General Secretary of the PPP and Opposition Leader makes him the most authoritative figure within the PPP. The ease with which he swatted away the dominant influence of Donald Ramotar, Clement Rohee and Komal Chand in serious decision-making within the upper reaches of the PPP after the loss of the 2015 […]
THE RETURN OF THE PARKING METERS
The Mayor and Councillors of the City of Georgetown (the City Council) have voted overwhelmingly to support a renegotiated contract for the establishment of parking meters in certain parts of the City. The major change is that the hourly rate has been reduced from $200 to $150 while an eight-hour day would cost $800. There […]
GUYANA NEEDS A NEW POLITICAL PARTY
There are frequent, frustrated, refrains from observers that it is Guyana’s political parties that are mainly responsible for promoting the culture of ethnic dominance and without it, Guyana’s politics would not be dominated by race and instability. This is not true. Guyana’s main political parties reflect the social, economic and political aspirations of the people […]