Latest update November 7th, 2024 1:00 AM
Latest News
- Govt. hails US$1.5B gold project by Canadian firm
- Exxon says they are finalising area of Stabroek Block to hand back to govt.
- At least 38 people killed in dozens of Israeli strikes on eastern Lebanon
- Trump re-elected
- Citizens can no longer trust PPP, PNC to make decisions for a future with oil-Glenn Lall
THE BLUNT OF THE DAY
Sports
…Tournament kicks off November 20 kaieteur Sports- The Kashif and Shanghai Organisation, a name synonymous with the legacy of “Year End” football in Guyana, is returning to the local...
Features/Columnists
A broad-based movement for the people’s voice on oil
…Peeping Tom Kaieteur News- The call for a referendum on Guyana’s oil contract is a step in the right direction,... more
Rising Gun Crimes in the Caribbean: Urgent Action required by all
By Sir Ronald Sanders Kaieteur News – There is an alarming surge in gun-related violence, particularly among younger... more
Weekend Cartoon
Who is the middleman?
Jul 11, 2021 Front Page Comment, News
Kaieteur News – Back in ancient times, steam power was the principal means of generating industrial energy. With the advent of heavy oils, the source of energy generation became even dirtier. Plumes of black and grey emissions emanated from power-generating plants using heavy oils. These plumes released health-threatening pollutants into the atmosphere.
Overtime, however, the energy-generating technologies became cleaner, even though they still threatened human health. Today, there is a movement towards renewable energy sources: solar, wind and hydro electricity, which are cleaner and cheaper than oil, diesel and natural gas.
The technology is easily accessible. Kaieteur News has been utilising solar energy for a number of years. Other businesses in Guyana, including banks and industrial businesses have been exiting the national grid and generating their own renewable energy.
Given this trend towards renewable energy sources, both in Guyana and around the world, why is Jagdeo and Exxon developing a gas-to-shore project, which is likely to produce electricity that is four to five times the cost of renewable energy? The capital cost of generating energy from the gas-to-shore project is estimated at US$5M per megawatt. The cost of wind and solar is less than US$1M.
On Friday, the developers of the gas-to-shore project dropped another bombshell. They said that the gas will be delivered to our shore using a third party. In other words, we will be buying our own gas from a middleman. Can Jagdeo tell us the identity of this middleman?
Share this:
Related
Similar Articles