Daily Archives: 10/19/2021

Guyana: Sweet Drink – The Puma Presence – By Vibert Cambridge

10/19/2021 – 12:49 am

Stabroek News – By September 19, 2021

A Preliminary Exploration of the Social History of Nonalcoholic Carbonated Beverages in Guyana (1870–2020).

On February 23, 1970, Guyana adopted a Republican constitution and became the Cooperative Republic of Guyana. This signaled a substantial shift in governance and the adoption of a new economic paradigm. By 1970, Banks DIH had emerged as the dominant player in Guyana’s sweet drink marketplace. Its bottling plant was new, and the company had a robust national distribution system with storage bonds in New Amsterdam, Linden (formerly Mackenzie), and Bartica, as well as on the Essequibo Coast.

By the 1970s, cakeshops and cakeshop–salt goods shops, rather than soda fountains (as anticipated by the U.S. consul in 1924), were the primary outlets for nonalcoholic carbonated beverages. Cakeshop–salt goods shops were at almost every intersection in the urban areas. Cakeshops and grocery outlets were in every village and settlement in the rural areas. A variant was also evident in many hinterland settlements. Most of these businesses were connected to the Banks DIH distribution network. This distribution infrastructure was used to deliver a fortified food: Puma, a product that evoked fond memories for many Guyanese, even in 2020.

Continue reading →

By guyaneseonline | Posted in Business, Commentary, Economics/Finance, Education, finance and trade, foreign investment, Guyana, History, Personalities, Philosophy, Politics | Tagged , , , , , , | Comments (0)

World: The global energy crisis has 4 possible paths through early 2022…. says Bank of America

10/19/2021 – 12:25 am

Isabelle Lee – Business Insider – Oct 18, 2021, 12:10 PM

Oil pumps at sunset, industrial oil pumps equipment.Getty Images
  • The worldwide energy crisis unfolding has thrown markets into unprecedented turmoil.
  • In Europe, natural gas prices are at record highs. And in China, thermal coal futures are also at all-time highs.
  • Francisco Blanch of Bank of America provided Insider with four possible paths through early 2022.

The worldwide energy crisis unfolding amid a surge in demand and an ongoing supply crunch has thrown the oil and gas markets into unprecedented turmoil.

Oil prices are up more than 60% this year, with West Texas Intermediate crude hitting a fresh seven-year high on Friday 15 October, 2021.

Continue reading →

By guyaneseonline | Posted in Business, Commentary, Economics/Finance, finance and trade, International News, Personalities, USA Politics and Economy | Tagged , , , , , | Comments (0)

Guyana: Oil: Guyana greenlights 8 more shore base facilities – Public Works Minister

10/19/2021 – 12:06 am
By OilNOW – October 17, 2021

Noting a need for more shore base facilities to service the oil sector’s expansion, Guyana’s Minister of Public Works, Bishop Juan Edghill said the Government has given ‘no-objections’ to eight such projects, in addition to expansion works at the Guyana Shore Base Inc. (GYSBI).

“Most of the applications for shore bases are in port Demerara,” Mr. Edghill said. “We used to have 7-9 ships… Right now, the average is about 52 per week. Now, that’s just with 1 [floating production, storage and offloading] FPSO. When the next FPSO comes onstream, the anticipation from [Maritime Administration Department] MARAD; they have told me the traffic will go up between 70% to 80%. These ships need to have places to berth.”        Continue reading →

By guyaneseonline | Posted in Business, Government, Guyana, Guyana infrastructure, Oil Exploration, Personalities | Tagged , , , | Comments (0)