Reference is made to SN’s blogger, Justin, (SN August 10 blog on Andre Brandli’s letter). He explained Guyana’s share of oil revenues as follows: “Your mango tree has 100 mangoes which sell for $10,000 on the market. I pay 2% royalty. But I have the right to 75% cost recovery+ 50% profit sharing, and you…
A letter entitled “Notions that the level of borrowing is reckless are far-fetched” penned by Mr. Bhagwandin was published earlier this week in Stabroek News (August 8, 2023). The backdrop to this letter is as follows. The National Assembly approved, last week, a new debt ceiling to facilitate greater borrowing. Guyana’s domestic public debt ceiling…
Reference is made to Dr. Randolph Persaud’s letter titled: ‘Suggestion that Exxon is Guyana’s new slave master is baseless . . .”. (SN August 6th). My characterization of the Persaud’s letter is to brainwash the Guyanese people into feeling gratitude for Exxon’s investment – and to disregard the Guyanese people’s arguments and plea for renegotiation…
Newspapers publishing letters with allegations and refusing to give the accused space for a response is unethical journalism. The following papers have published accusations against OGGN but refused to publish our response: Our response to these critiques is here: https://www.oggn.org/2023/07/29/oggn-is-a-legitimate-non-profit-organization-registered-under-the-irc-section-501c3/
The oil companies, Hess & Exxon, recently reported earnings in the 2Q2023 that were significantly below the profits they earned in 2Q last year. However, they were very optimistic about the future because of their big bet on Guyana. By 2027, they are projecting to be pumping 1.2 million barrels of oil per day. With…
MARAD Notice to Mariners number 114 dated July 31 2023 was published through the Department of Public Information on 03 August. The Notice covers the arrival and deployment of another of Jan De Nul’s dredgers. Jan De Nul is the 15 percent shareholder in the VEHSI shore base alongside the 85 percent shareholding of NRG…
A priest once said with reference to a local bigwig in Guyana, an impoverished country perched on the northern shoulder of South America: “first you get on, then you get honest.” That is, you need to acquire wealth before you can be philanthropic. Little of that culture of philanthropy appears to have survived among the…
Your editorial ‘IACHR resolution’ on 30 July 2023 summarises the resolution about the dreadful long-running case of illegal mining at Chinese Landing. The Inter-American Commission on Human Rights had previously addressed the complaint about similar problems at Isseneru. The two documents are well worth reading for the careful histories of events, and summaries of the very dubious…
I am not clear on what grounds the General Secretary of the People’s Progressive Party was speaking on 27 July 2023 about issues which are proper to the mandates of the Ministry of Natural Resources and the Ministry of Amerindian Affairs and Ministry of Legal Affairs, as well as agencies EPA, GGMC and GLSC. I…
According to the last count, there are seven countries that have jettisoned their national currency and adopted the American dollar as their legal tender. There are also four countries that have adopted the euro as their currency. These are examples of complete dollarization or euroization. Closer to home, Panama and El Salvador of Central America,…
