The cost-price relation: Indicative prices after Guyana’s oil comes on stream

Introduction Today’s column addresses price, in the cost-price relation that Guyana’s oil and gas ‘discovery’ will likely encounter, after it comes on stream 5-7 years from today. Like last week’s treatment of cost in the relation, today’s treatment is also indicative. This underscores the difficulty of determining oil prices so far into the future. Economists…

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The Cost – Price Relation: Indicative Production Cost for Guyana’s Oil & Gas Discovery

Introduction Today’s column addresses the “cost-price relation”, likely to emerge as Guyana transforms its oil and gas “discovery” into an industrial success. To remind readers, this is the third of four features of Guyana’s “discovery” singled out for further amplification. The present column starts with cost and continues with price next week. Clearly, at this…

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More on the physical and geological features of Guyana’s Oil & Gas Discovery

Introduction Today’s column is primarily aimed at amplifying those references, which were made last week to the dynamic features of Guyana’s ‘potentially massive’ oil and natural gas discovery. To recall, the four features mentioned, were 1) the physical/geological characteristics of the discovery; 2) going forward, the ownership, control, and organizational responsibility for producing and exporting…

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The world’s energy market outlook: Lessons for Guyana’s coming production and export of oil & gas

The question I respond to in today’s column is: Does the prevailing world energy outlook offer useful policy lessons for Guyana’s benefit, in anticipation of its oil and gas production coming on stream in the early 2020s? The demand/supply appraisal of that market, which was presented in my two previous columns suggests that there may…

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Situating Guyana’s coming production of oil & gas in the world’s energy market: the supply side

IntroductionLast’s week column identified several key trends on the demand side of the global energy market. This was done in order to contextualize Guyana’s future insertion into this market, when its production and export of oil and natural gas come on stream in the early 2020s. To complete this contextualization, today’s column considers the supply…

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Situating Guyana’s coming production of oil & gas in the world’s energy market: The demand side

Introduction Today I begin to address the third and final sub-sector in this long-running series of columns on the extractive industries sector of Guyana. That is, the coming time of oil and natural gas production and export, which are about 5-7 years away. So far, I have considered 1) the mining sub-sector (December 27, 2015-February…

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UNCTAD: Main Findings on Local Content Requirements in the Oil and Gas Sector

Introduction There is a formidable body of literature devoted to economic theorizing on the efficacy of local content requirements (LCRs) policies generally, and in developing countries specifically. Notably, there is perhaps an even more formidable body of empirical studies examining the operations of LCRs in the oil and gas sector over the past four decades….

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