Opinions

The views expressed here are solely those of the author in their private capacity and do not represent the views of OilNOW.

Opinions

Measuring and valuing Guyana’s potential for gas security of supply

Bobby Gossai, Jr. -
Energy is a vital part of every aspect of modern life in Guyana and for our continued economic prosperity. There is at present no universally accepted definition of security of supply and how this should be measured. Factors such...
Opinions

Factors to consider for a gas generation strategy for Guyana

Bobby Gossai, Jr. -
Natural gas generating capacity will form an integral part of Guyana’s future energy generation mix and it will be a reliable and flexible source of electricity. Using gas as a fuel in the power stations will provide a significant...
Opinions

The importance of transparency for Guyana’s petroleum management

Bobby Gossai, Jr. -
Institutional mechanisms that could be implemented through a Natural Resource Fund (NRF) covers those that aim to promote transparency and the dissemination of information. It bears emphasizing that the mechanisms that have been discussed for dividing power are also,...
Opinions

Separation of powers to govern Guyana’s political economy

Bobby Gossai, Jr. -
A reliance on rules is vulnerable to the possibility that policymakers have incentives to break them. In states where the costs of breaking rules are low, therefore, other mechanisms are needed to change policymakers' incentives. An alternative to (or reinforcement...
Opinions

Oil was sick even before coronavirus hit

OilNOW -
(Bloomberg Opinion) -- Oil succumbed to the coronavirus this week because its immune system was compromised already. Amid headlines about quarantined Chinese cities and dozens of potential cases showing up in the U.S., Brent crude closed on Friday at $60...
Opinions

Institutional mechanisms for Guyana’s natural resources wealth management

Bobby Gossai, Jr. -
Rules One possible solution to the problem of overspending is to remove the government's discretion over how natural resource wealth is spent. Most Natural Resource Funds (NRFs) are set up with conditions on how and when money can be withdrawn...
Opinions

Challenges to prudent policies for Guyana’s political economy

Bobby Gossai, Jr. -
Transparency                                       The public observes aggregate government expenditure but does not know the precise origin of such funds. Citizens are, on average, correct...
Opinions

Spending and political support from Guyana’s natural resources revenues

Bobby Gossai, Jr. -
There is an important fact that must be addressed for new oil-producing states such as Guyana: The government's spending decisions can affect the incumbent's likelihood of remaining in power. As the incumbent foresees these consequences, they will modify their...
Opinions

Guyana’s political economy incentives against wealth accumulation

OilNOW -
It is imperative to highlight the political economy incentives that may face politicians in countries, such as Guyana, with accumulated revenues – whether or not these revenues are formally a "fund." To set up institutional solutions to make it...
News

‘Big uncertainty’ over US oil output in 2020 will be critically important to oil prices – analysts

OilNOW -
The question of how much crude U.S. producers may be able to add in 2020 could be pivotal for oil prices this year, analysts told CNBC, while warning of the potential for “vicious corrections” in the coming months. Speaking to...
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