With your permission, permit me to explain how total revenue, total cost, and profits are identified in the Guyana oil business, and in particular Liza One. In this regard, knowing the selling price (P) and the average total cost (ATC) of a barrel of oil signals the first decision point of any investment. The average…
Does His Excellency the President Mohamed Irfaan Ali live in an alternative universe? ‘We now have 18,000 Guyanese working on the offshore oil rig.’ See the DPI notice from October 14, 2024; https://dpi.gov.gy/local-content-raked-in-over-us2-billion-in-businesses-to-date-president-ali/ . There are 3 functioning FPSOs, each with a working crew of 150-160 according to the EIAs, of whom fewer than half will be…
Recently, Ambassador Samuel Hinds reminded Guyanese of the notion that ‘A bird in the hand is worth more than two in the bush’. I contend that this statement is only true when one does not have ownership of both the bird and the bush; and therefore, one has to manage both bird and bush and other…
I refer to a letter captioned, ‘Let’s feel good about what we are getting from our oil’ written by His Excellency Samuel Hinds, Ambassador, Former Prime Minister, and Former Acting Preisident of the Cooperative Republic of Guyana. In that letter, it is stated… ‘If we have troubles absorbing the US $4.4 billion according to some…
Knowledge is what we want. Schools are successful when they eventually show students how to acquire knowledge themselves. Knowledge is not merely information, though it is made up of information. It is not my intention to write a treatise on the processing and logics of turning information into knowledge by means of intelligence, but to…
It has been reported that Guyana received $336 billion in 2023 from oil, and had to pay $306 billion in taxes for Exxon Mobil and partners (KN: Sept. 13, 2024). The implication which can be drawn from this distribution of total revenue is that Guyana only received G$30 billion ($336 B – $306 B) from…
Dr. Ramesh Gampat SN letter September 8, 2024 questioned the ‘credibility of inflation data’ by the Bureau of Statistics namely, the annual inflation rate for 2023. The number used lies somewhere between 1.6 percent and 2 percent. These numbers are inconsistent with financial system data. Guyana’s Consumer Price Index for January 2023 was 130.7%, ending…
Two main roads EBD and ECD. Villages formed alongside these roads. The location of this Waste Treatment Plant is at Coverden – a village alongside EBD. Couldn’t this plant have been sited a few miles inland, away from one of these villages? Penelope Howell wrote this: “While standing in front of PWSI, I felt a…
