Guyanese Online

GUYANA BEWARE:  Apr 06, 2022 – Editorial – Kaieteur News

The PPP/C Government is engaging in a huge gamble using the rich assets of this society to entrap it and endanger it.  This was the stark warning embedded in the article titled, “Guyana may not steer clear of failure with oil if fatal flaws in oil deal not corrected -Int’l Analysts” (KN April 3).  Fatal is a frightening word, and we don’t use it recklessly, for it has a world of meaning.  As we use it (fatal), our hope is that what happened to Angola does not become Guyana’s nightmare.

Since the 1990s, Angola has been the destination of the hunter-predators that are oil companies.  They went there in droves, and the names should be familiar to Guyanese because they are right here now.  America’s Exxon and France’s Total are two of the bigger names that led the charge into Angola.  From a peak of 1.9 million barrels a day, production declined to around 1.4 million barrels daily last year.

One would have thought that Angolans were rolling in prosperity, among the most well taken care of people in the world.  They are not, and now come the lessons, another cautionary tale for Guyanese.            Continue reading →