Guyana: Oil and Gas: We Must Use Oil to Help the People– Says Dr. Mangal

OIL and GAS – featuring Dr Jan Mangal – Commentary By Dr Dhanpaul Narine

Dr. Jan Mangal

First Oil will find a Guyana that is divided right down the middle. After 53 years of independence, and various governments, the country is no closer to unity as many would like.

The mere mention of the words ‘general elections’ is good enough to harden attitudes and to send the racial groups into their respective camps to widen the divisions. Guyana is a country in which racism continues to cast its pernicious shadow over the body politic and no amount of sweet-talk from the politicians can paper over the deep divide.

READ MORE: OIL and Gas – featuring Dr. Jan Mangal

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Comments

  • Quenton Dokken  On July 15, 2019 at 11:15 am

    Dr. Mangal is correct. The oil resources of Guyana can be used to elevate the quality of life for all peoples of Guyana or it can cause greater divides within a population already divided ethnically and economically. There are plenty of examples around the world of how not to deal with new found wealth. However, it will be up to the leadership and people of Guyana to find the correct path forward, the one that benefits all of Guyana.

    A caution to the contract negotiators of Guyana, when a multinational company speaks of “industry standards,” be aware that the host country sets the industry standard. In effect, defaulting to “industry standards,” as the current contract with ExxonMobil does in regards to environmental safeguards, simply gives the commercial interest carte blanc to do whatever they please. Resource managers of Guyana must set the standards for multinationals working in Guyana.

    • Trevor  On July 15, 2019 at 8:41 pm

      They have nationals from India and China operating shops here in GT where they underpay locals and even rob them of their wages by denying them pay.

      If a small issue like that goes unnoticed, imagine what the oil companies will do hundreds of miles offshore the coast.

  • michael hawkins  On July 16, 2019 at 3:43 am

    The oil and gas belonges to the people, and not to the few at the top. All moneys should be put back into ther country for the good of all, and not into the bank acounts of the few

    guyaneseonline posted: “OIL and GAS – featuring Dr Jan Mangal – Commentary By Dr Dhanpaul Narine First Oil will find a Guyana that is divided right down the middle. After 53 years of independence, and various governments, the country is no closer to unity as many would li”

    • Trevor  On July 17, 2019 at 2:38 pm

      Wealthy Indo-Guyanese are selling their stuff and migrating to countries where they are most likely to die from some racist mass murderer.

      Wealthy as in businessmen who used to own many shops along Sheriff street and Camp street. Selling everything to the foreign Asians.

      They know something that we, the common man don’t know.

  • Trevor  On July 16, 2019 at 11:45 am

    We had sugar (1600-1970s), gold (1990s) and rice (2000s), and this has rarely improved our living situation when those in the corruption are siphoning the public funds and transferring it to bank accounts in America, Canada, England and offshore havens like Dubai.

    When the AFC proclaims that we (Guyanese) will become wealthy like the backwards and barbaric Arabians, they mean that the AFC cronies will build majestic skyscrapers in GT while we (Guyanese) live in mud huts and forced off our lands.

    There will be competition to bulild the tallest skyscrapers in GT, but the public hospitals and schools will look worse than those of poorer nations in Africa & East Asia.

  • Quenton Dokken  On July 16, 2019 at 12:09 pm

    Trevor highlights the “typical” results from new found wealth in developing countries. Oil is a ready source of money, but it is important to not lose sight of the fact the true wealth is Guyana is its people and living resources. In a world facing catastrophic changes due to global warming, the expansion of oil/gas resources is counter intuitive. But, it does give Guyana a chance to develop on a productive and sustainable pathway. People of Guyana, you must give up the age old divisions of your society and meet this challenge/opportunity head on as a unified peoples. If you do not, the situation Trevor describes will likely be the end result, once again.

  • dhanpaul narine  On July 16, 2019 at 12:13 pm

    You are all making good points. What is worrying is Verification, or the lack of it. Guyana has no presence in the upper management at Exxon. If Exxon says that it pumped 100,000 barrels of oil who is to dispute it? Secondly, if Guyana wants to verify this it has to formally make a request to Exxon and wait for three weeks before the requested is granted. The bottom line is that while the oil is ours we have little say in its management.

  • Quenton Dokken  On July 16, 2019 at 12:30 pm

    Without adequate resource management guidelines in place backed by the rule of law, D. Narine is correct. The government backed by the people can set whatever requirements deemed necessary for multinational businesses operating within the territorial boundaries of Guyana. Guyana has the oil, the rest of the world wants it. ExxonMobil et. al. are simply transporters to move it from point A to point B. How does Guyana plan to manage, control and benefit from its property?

    • Trevor  On July 17, 2019 at 2:44 pm

      The misconception is that Guyana will have rule of law after finding oil. Many here fear that it will enable more corruption and even give birth to a dictatorship ruled by military insurgents.

      We would rather let the wealthy oil companies steal the profits (that has to be shared among millions of shareholders) than let it be used to enrich the politically connected to foster corruption and an authoritarian regime.

      We don’t forget how the former PPP government had secretaries earning GY$35,000 a month buying GY$35 Million dollar mansions in the heart of GT, and the extra-judicial murders and alleged targeting of political dissidents like Mark Benshcop, Waddell, Freddie Kissoon, et al.

      The years of 2001 to 2010 was a decade of violence that sprung from the expansion of the drug trade in GY, enriching the politically connected and forming phantom squads.

      Never again!

  • Trevor  On July 17, 2019 at 2:35 pm

    One of my friends who studying his Masters in the USA joke that the NYT will put on front page how Guyana GDP is the highest per capita (based on oil production projections of 1 million bbl by 2025), but how much of that GDP is actually for Guyana?

    1 million bbl *325 days* US$70= $23 billion a year.

    But how much of that is actually translatable to an increased standard of living? I’ve spoken with some highstanding businessmen in GT, and they lament that most of the oil will never touch the shores. It all going to Trinidad for refining; where the real value is in the oil industry.

  • Quenton Dokken  On July 17, 2019 at 3:07 pm

    To maximize return on the sale of its oil, Guyana will have to develop the necessary support industries, such as refineries, within its territorial boundaries. Perhaps some of the royalty monies can be invested in this effort. The people of Guyana have a choice, maximize the positive impacts of its oil/gas resources to the benefit of all or not.

    Trevor seems convinced that the government and business leadership will chose the “or not” option. How can this be reversed?

    • Trevor  On July 17, 2019 at 11:09 pm

      The oil is hundreds of miles away from our shores, and this is a contributing factor because no one knows what goes on when drilling for oil in deep waters, especially with Venezuela and Suriname watching like hawks to scour for oil.

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