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Sports
Kaieteur Sports – Newly imported horse from the Jumbo Jet Racing Stables, Sand Pipes stormed to a comprehensive victory in the prestigious Guyana Cup horse race at Rising Sun Turf Club on a cool...
Features/Columnists
(Kaieteur News) – Guyana never ceases to amaze me. There are moments when a government announces an achievement and it is done in such a manner that one is expected to feel grateful for the evidence of progress. Some of these announcements are about routine things. Yet, the announcement is made...
Sir. Ronald Sanders
By Sir Ronald Sanders (Kaieteur News) – I have been an advocate of the Caribbean Court of Justice from its conception. In 2015, on the Court’s tenth anniversary, I described its creation as arguably the most significant institutional achievement of the English-speaking Caribbean since the...
The GHK Lall Column
(Kaieteur News) – Those visits by Pres. Ali into places of worship may be paying off. He sees the light. He may insist that he sees god (meaning himself); I settle for light. Light is late in coming. Its speed slowed down by GPL wires and thick political darkness. But light has arrived...
Weekend Cartoon
‘Oil-Dorado’ called Guyana
Dec 18, 2020 Front Page Comment, News
Kaieteur News – Like Exxon, Guyana is banking on the earnings from its existing and projected oil finds. However, Exxon is going to gain billions more than it sunk into its field development plans in search for productive oil wells. That is guaranteed. The company is sitting on an Oil-Dorado called Guyana. What is far from assured is what Guyana will earn for the large sums needed to fix its Petroleum Bill and draft Local Content Policy.
If the billions borrowed from the Inter-American Development Bank (IDB) – US$34M at the last count – are spent sensibly, then Guyanese have a slim chance of reaping enduring prosperity. If we get an authoritative and comprehensive Petroleum Bill and a robust Local Content Policy and Local Content Law, then it stands a chance at improving its present disadvantageous position.
But this will only materialize if it spends the present sums prudently and our politicians do not help themselves to some of the loans and oil monies.
The many “ifs and buts” remind us that the public has little trust in our political leaders when it comes to negotiating about oil. This is all the more reason why Guyanese should remain vigilant and become more outspoken, even to the point of calling on our political leaders to stand for us or move aside.
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