Opinions

The two recent columns by TIGI published in Stabroek News have featured attention-grabbing headlines. But after unpacking the lengthy sections of legal jargon and quotations I still struggle to see any clear-cut case of illegal activity being made. I will...

The laissez-faire economic philosophy and the increasing dissatisfaction with the performance of public enterprises can lead to the explicit attempt to opt for a market solution which will abandon the main features of the current “energy policy”. Hence, there...

Guyana’s energy sector includes the largest monopolies in the economy – in electricity and gas. The oil industry will be dominated by a few very large firms. The existence and apparent inevitability of monopoly have proved a motive for...

Guyana is in the midst of an energy revolution. The economic landscape, developments in technology, evolving business models and consumer behaviour are changing at an unprecedented rate, creating more opportunities than ever for the local industries. The national grid...

Many countries have incorporated specific measures into their subsidy reform strategies to overcome the barriers of energy improvement. Country reform experiences suggests the following key elements can increase the likelihood of successful subsidy reform: A comprehensive reform plan; A...

Energy subsidies are pervasive and impose substantial fiscal and economic costs in most countries. On a – pre-tax basis, subsidies for petroleum products, electricity and natural gas are high, when compared to Gross Domestic Product (GDP) and total government...

Over the past few days I have attended the Offshore Technology Conference (OTC) in Houston, Texas with its expansive display by hundreds of companies and countries including Guyana as well as conference sessions and collateral events. Guyana is well...

Sharp increases in the price of oil and other energy products are referred to as classical examples of negative supply shocks (Hamilton 2005). Increases in the price of oil lead to increases in the cost of production, which in...

Countries making resource discoveries often find themselves facing a number of important and difficult decisions. One such decision regards whether to set up a sovereign wealth fund – or more generally, determining a time profile for the usage of...

What should a government in a resource-rich state do about the gap between rich and poor populations (vertical inequality), and the gap between resource-rich and resource-poor regions (horizontal inequality)? Indeed, oil and gas exporters tend to have more varied...