Opinion

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…

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…

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…

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….