Arthur Deakin
By Arthur Deakin – OilNOW
Historically, countries that discover large amounts of natural resources, such as oil or gold, tend to create a Sovereign Wealth Fund to manage their newfound wealth. Guyana, which recently discovered 9 billion barrels of proven oil reserves, is following that same path.
The structure of this new fund, known locally as the Natural Resources Fund (NRF), will fundamentally impact how effectively the country spends and saves its oil monies.
Comments
An excellent analysis by Arthur Deakin. I hope that every politician in Guyana takes notice!
Why does the Government prefer Kazakhstan method, maybe because of Government control???anyone ask? So frustrating, when so many people suggested what appears to be more beneficial to THE people, the Government never responds. The method of soliciting THE “peoples” input is the oldest political scam in the world.
You get a new bridge .. you get a new hotel .. hell you all get a new bridge!!!!!!
coming right up????
If any of Guyana’s oil money is ever siphoned off and hidden in unknown bank accounts by the Ali/Jagdeo cabal, they must be held to account and prosecuted to the fullest and if found guilty of engaging in criminal activity regarding that revenue must be sent to prison for the rest of their lives.
OK Bro…ya hired…best of luck..