Latest update August 6th, 2026 12:35 AM
Jun 23, 2019 Letters
On June 17th, I wrote in your newspaper that over the next twenty-two years, over one trillion U.S dollars will be lifted from our seabed, and that Guyanese – the many, not the few – must get half of that, or five hundred billion U.S. dollars.
This was by way of stating that Bharrat Jagdeo, while speaking in Lethem during LG Elections, had self-satisfyingly said that we’ll be getting four hundred million U.S dollars a year from our oil. You’ll recall I had referred to that paltry sum as peanuts.
As if not to be outdone, in the race to serve their foreign ‘massa’ and one of that ‘massa’s’ plundering companies, ExxonMobil, Winston Jordan, our Finance Minister, if you please, in Bartica, on the same day the CCJ determinations were handed down, suitably reduced Jagdeo’s four hundred million to three hundred million. I dare say some new party might just reduce it down to two hundred million.
Local leaders, falling over themselves to curry favour and do their psychological duty to the foreign ‘massa’ via ExxonMobil, saying, “See! I’m doing more to help you leave even less than the usual 2 or 3 per cent behind in Guyana than you’ve left in other poor countries”.
All this has nothing to do with the so called Dutch Disease Editor. That title might be fitting for Holland where it occurred in 1977 during their find of natural gas, impacting their economy negatively. It certainly does not fit our history of economics where plunder by outsiders, ably assisted locally by sheer insane greed on the one hand, and the proverbial house slave mentality on the other, has brought us now to this sorry pass.
Might we yet get that new Jaganite, Dr. Frank Anthony, to develop our Guyana at last for every single one of us, staggeringly!
Yours truly,
Eddie DaSilva
Subscribe to get the latest posts sent to your email.
Rising Debt, Rising US Dollar Rate in Oil-rich Guyana!

Aug 06, 2026
By Rawle Toney (Kaieteur News) – Guyana’s largest-ever team to the World Athletics U20 Championships has made an encouraging start to its campaign in Oregon, USA, with several athletes advancing...Aug 06, 2026
(Kaieteur News) – The argument was recently made on a BBC radio podcast dealing with Indian indentured immigration that the Indian caste system was incompatible with the capitalist ethos of the post-Emancipation Caribbean plantation. There is an appealing simplicity to the argument. Caste was...Aug 02, 2026
By Sir Ronald Sanders (Kaieteur News) – Daniel Ortega has now said openly what his regime has demonstrated for years: the people of Nicaragua are not to be permitted to remove their rulers through elections. During celebrations marking the 47th anniversary of the Sandinista Revolution, Ortega...Jul 30, 2026
Hard Truths by GHK Lall (Kaieteur News) – A tragedy of catastrophic proportions is now Guyana’s to manage. An old passenger ferry boat went to the bottom. According to news reports of Saturday, 73 bodies have been recovered and 76 rescued. Taking the official count of 179 passengers on...Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: glennlall2000@gmail.com / kaieteurnews@yahoo.com