Daily Archives: 10/12/2021

GUYANA: Half-year earnings from oil exceed US$1B

10/12/2021 – 12:12 am
Guyana Chronicle –|  October 11, 2021
Guyana’s oil resources could further double by 2025 (HESS Corp. photo)
Guyana’s oil resources could further double by 2025 (HESS Corp. photo)

EVEN as Guyana continues to discover more oil, the country’s petroleum earnings continue to get bigger and bigger. So much so that by the end of the first half of 2021, exports from the industry surpassed US$1.2 billion. This marks a significant growth, since the oil earnings for the corresponding period last year stood at only US$438.4 million.

This outturn, according to a recently released mid-year report, can be attributed to both an increase in the volume and average export price of crude oil over the review period.            Continue reading →

By guyaneseonline | Posted in Business, Government, Guyana, Oil Exploration, Personalities | Tagged , , | Comments (5)

USA: Why Food Is Getting More Expensive In The U.S. – Video

10/12/2021 – 12:06 am

USA: Why Food Is Getting More Expensive In The U.S. – Video

CNBC – September 10, 2021

0:00 – Introduction 01:31 – Rising costs 03:41 – Climate change 04:44 – Supply chain issues 08:33 – Health impact 11:55 – Solutions

The pandemic sent food prices skyrocketing amid a slew of supply chain disruptions, but food costs have been steadily rising over the past five years. The rise in prices can have serious consequences for the most vulnerable Americans. According to the USDA, 13.8 million Americans qualified as food insecure in 2020. Watch the video to find out how much food prices have risen, what’s driving the increase and how businesses and policymakers can fix it.

By guyaneseonline | Posted in Agriculture, Business, Commentary, finance and trade, Government, International News, Technology | Tagged , , , , , , | Comments (0)

Guyana: Fires and Fire Fighting – Stabroek News Editorial

10/12/2021 – 12:03 am

By October 10, 2021.

The reality is that the capital has been subject to a series of disastrous conflagrations from its earliest days, and it can only be a source of incredulity that any older structures have survived into modern times at all. One might have thought that given Georgetown’s incendiary history the GFS would have been one of the most professional and efficient in the world. While there have been periods in the past when the training and performance of the service met something approaching international standards, as our editorial last Monday pointed out, its failings in response to the Brickdam Police Station fire were only too apparent.        Continue reading →
By guyaneseonline | Posted in Commentary, Disasters, Government, Guyana, Philosophy, Politics | Tagged , , , , , , , | Comments (3)
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