Latest update May 4th, 2026 12:35 AM
Latest News
- Foreign gold company pays Guyanese US$5M to earn up to 70% interest in 73,000 acres gold project
- Resource curse has taken root in Guyana – Ram warns
- OPEC+ agrees third oil output quota hike since closure of Strait of Hormuz
- Hamilton Green warns of ‘crumbs’ for citizens, pushes national unity to protect oil wealth
- EPA did not greenlight financial study on impact of oil spill – Exxon consultant
A view challenged and vanquished
Dear Editor,
I would like to challenge the misconception being peddled by some history revisionists who say that the Guyana economy collapsed during the 1970s and 1980s because of high oil prices.
The fact of the matter is that the Guyana economy collapsed under PNC Carl Greenidge. This can be proven because the rest of the world economies did not collapse so spectacularly as Guyana’s economy with these same high oil prices in the 1970s. Only Guyana’s economy collapsed spectacularly.
Now we all have to put up with the rhetoric from the same Carl the-banner-of-everything Greenidge who wants us to believe that technocrat Finance Minister Dr Ashni Kumar Singh does not know what he is doing when in fact the Guyana economy continues its upwards trajectory under Dr Ashni Kumar Singh’s competent management?
Sean McLean
Share this:
Discover more from Kaieteur News
Subscribe to get the latest posts sent to your email.