Guyana started pumping oil in late 2019, and to date (January 2023) has earned more than US$2 billion from oil revenues and royalties. That translates to roughly GY$420,000,000,000.00. This breaks down to roughly GY$525,000 per person using the generous population estimate of 800,000. Production data produced by the Ministry of Natural Resources show that Guyana recorded its highest output level in November 2022, reaching 389,000 barrels of oil per day. But production rate is climbing and Guyana is projected to produce more than 600,000 barrels of oil in 2023.
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With Maduro’s growing ridiculous claims of the Essequibo county of Guyana, we can, through a far stretch of the imagination, begin to consider whether he has an ounce of reason to justify his troublesome position.
The clay brick industry in Guyana by no means derives its merits from boycotting Trinidadian industries, nor does it seek to blow cement and cement blocks completely out of the water. But what it will do though, is give the cement block a good run for its money on the basis of the superiority of clay bricks over cement blocks, and the fact that producing them locally will strengthen Guyana’s economy.
The Guyana Police has been on a rampage over the decades in the history of post-colonial Guyana destroying cannabis farms across the country. While the fight against narcotics and drug abuse is a noble one, the destruction of cannabis farms is largely uncalled for.
Providing turnkey homes with available financing is not the only action the government is taking to put better roofs over the heads of citizens. President Ali announced on the 22nd of July, 2022 that his government will give massive support to persons building their own homes. This includes financial support through local banks and free construction material.
The Guyana Dollar presently stands at about 210 Guyana dollars to 1 US dollar, but all of that is about to change. With increasing oil exports, the strength of the Guyana dollar is expected to climb against the US dollar. Assuming that the economy is managed well, the Guyana dollar has the potential of becoming stronger than the US dollar in less than 10 years.
The oil reserves per capita then, gives an idea of the impact the oil wealth is likely to have on the lives of the people of that country. If the country has a small population and large oil reserve, then the oil reserve “per capita” will be high, and the oil wealth will have the potential to more strongly impact the lives of the citizens.
Police have a difficult task: contending with bandits, murderers, thieves, and lawbreakers and troublemakers in general. Consequently, they are trained to be tough, to handle offensive weapons, and to survive under dangerous circumstances. In light of this, the general civilian population whom the police are paid to protect and serve must offer a high level of cooperation to the police. If the police are completely stripped of the respect which the uniform should naturally carry, then there will be an inevitable breakdown of law and order in the country.
Speaking to the founder of the Humanitarian Mission Guyana, Mr. Suresh Sugrim, a few days ago, he outlined some of the challenges he was facing in keeping the organization alive. He explained that he is considering closing down the organization because of these many challenges. Frankly speaking, that would be a great loss for the country of Guyana and its people.
The Caribbean Court of Justice, Guyana’s final appellate court, has, on the 19th of August, 2022, lost credibility as an independent and impartial instrument of justice when Justice Denys Barrow sent murder convict, Jarvis Small, walking out of the courtroom a free man.
One Guyana Dollar is currently valued at around 210 US dollars. Guyana’s currency is weak because of numerous factors, but one of the most influential of those factors is the low GDP that the country produced over the last several decades. However, Guyana’s financial windfall from oil revenues now enables it to have a much stronger currency.