Good news for the people of that country that Guyana will be boomed in oil and gas..very good explanation by Bobby of the use and dollar value of Guyana oil ..
First of all thank you to God unbelievable Guyana produce oil once was a poorest country in South America now it became a wealthy country I am happy for the Guyanese people
Let us see the bright future of Guyana as a powerful Oil & Gas nation and bless the people but as we all know the demand of O&G start to decline and the world will seek less fossil fuel. Get prepared to invest in clean energy!
From what I've seen and heard I sincerely believe that President Ali is a breath of fresh air for Guyana. He has to try diligently to bring the country together and stop the nonsense of black and brown.I would strongly suggest he send a competent team to places like Norway and learn from them.I realize this will all take time
Excellent points by Bobby Gossai Jr. I wish he’d spoken more about the planned sovereign wealth fund. Also, I’d be curious to know more about Guyana’s energy infrastructure needs (can it use its natural gas for domestic production), planned increases to Guyana’s defense spending, and reserves being found off the coast of Suriname.
Guayana gets way more benefits from oil companies than just half the oil reserves. It's probably one of the best deal made for the Economy/Development and well worth every drop of oil.
Im happy that my country is rising and that the PPP is transforming Guyana.One thing I would like to see transformed is the Stellings especially the one at VREED-EN-HOOP AND STABROEK ...IT IS JUST AN EYESSORE TO SEE THESE FALLING APART .RIGHT AT THESE STELLINGS THE VENDORS ON THE ROADSIDES WHO ARE ILLIGALLY SELLING THERE COULD BE ALLOCATED AT THESE STELLINGS
Mr Gossai making some very good points. UAE I don't see Guyana becoming that just on the colonial history and some leader mark on that country in its history. End up more like Equatorial Guinea, Angola or Ghana oil industry. There could be problems with Venezuela down the road. But let's see if Guyana can become even like Kuwait or Qatar in 10 years. Bless
Public comments. Guyana need to check every gallon of oil input to insure transparency and accountability with oil company. Guyana must get it's fair share. Which will help Guyanese.
Looking forward to see how Guyana steps up their game to keep up with this. The street scenes & local news are not encouraging, how does one inspire citizens to develop their professional advanced accountancy, physics, and petroleum engineering skills? The good news seems to be the government so far seems to be prudent and are taking their time to consider the steep path forward.
I am concerned about the bullying by Exxon Mobil to have Guyana rushed to sign contracts. The same tactics was used with the previous administration. Hence, forcing Raphael Trotman to sign away our wealth. I am hoping that our new president Mr. Irfan Ali and mr Jagdeo don't be bullied to sign payara contract and make the same mistake of the previous administration. Take all the time you need and make the right decision for all Guyanese . I am confident that you guys can get the job done please be fair, transparent , honest, and just for all guyanese.
Great points made but pegging royalties on a sliding scale and especially based on oil price is a bad idea. The price of oil can can fluctuate wisely and you can have long periods of down turn which is not great for a developing country such as Guyana that benefits best from steady income to service it's debts.
Public.comments Guyana need to protect it's resources and stop flairing Will definitely help pollution control now,call on EPA regulations to deal with this situation now. Any violation must face justice system and millions of dollars in fines for pollution.
No body is asking how a country with only 700,000, with a lack of experience in almost every knowledge and infrastructure sector things is going to manage this oil, and the the expertise and infrastructure needed. The most basic of anything they cant due properly because anyone with a bit of knowledge left the country. An example. the government built a stadium (Durban stadium?) for the 50th year independence. You should of seen the state of that so called stadium. It was already falling apart before it was finished building for the big Independence day. And it was a local guy that knew nothing about construction that was making the video and showing us. This is what will be happening. they will need to import a top of people with expertise or else they will be robbed severely.
Guyanese Economy is boosting due to oil production is a great land marked in Economy growth, Due to investment by foreign companies employment will also go up, oil exploration will allow Government for more facilities in Health, Education and Industrial Development, I have been Monitoring Guyanese Economy since period of Late president Dr Chhedi Jagan
Public comments. The oil companies must work together with Guyana to better understand the principal of laws in Guyana and respect it and the world face with global warming and pollution.
We hope that the Guyanese government uses the profits from oil revenues to invest in infrastructure such as bridges, roads, housing schemes for poor families, health centers, schools, telephony and internet telecommunication in the remote populations of Upper Mazaruni such as: Phillipai, Paruima, Kamarang, Arau, Ekereku, Isseneru, Issano, among others from Region 7. 👍
Put people to work;clean the country; develop infrastructure. Promote education, employ people. let the people see prosperity, Indians and blacks alike expand the military....... the government will steal the money so whatever
I have a question if anyone knows the answer please tell, how long will it take the oil company to recover their initial investment to find and drill the oil? And what will be the added benefit to Guyana's 2%? The 2% sound like a record deal that so many artists get after selling a CD for $30 you only gets 2%.
Talking about cash of paying out the Guyanese people of the oil cash.. all senior should receive monthly payment directly deposit in their bank account same as North America... such as old age security also food stamps.. Guyana have under a million people live there have children in school to have a better education and lots more
It’s nice to say Guyana have oil but take a good look and ask yourself who control the oil just like other countries who has oil and can’t sell it.When the country borrowed so much money and they drop your oil prices how are you going to pay your debts take a good look at other countries we should learn from experiences.Its a small country with a lot of resources and small population and without good Governing Bodies the wealth could be lost and our dreams can be shattered.
To dismiss considerations for provisions based on birthright as quickly as he did shows he may need more education on the definition of Guyanese people. Those that left didn’t just leave their country. Some were escaping or sold a further dream from the already established world powers of the time. The Guyana that he will now reap the benefits of was built, fought for and continues to exist on the backs of all of those before him. Consider especially the remaining elderly from the Diaspora. I believe to move forward correctly is to start by ensuring our history is taken care of first. You can’t ask them to come back and earn their oil money by contributing now. Some of them already contributed a lifetime or generations to the Guyana that is now rewarding you Bobbi. (You who also left and came back. Some did not get the opportunity to come back to their home.) They earned for you what you are receiving now. There is also an immediate need behind her question. A need, not greed. As most global powers are great at doing, they free you from one country and invite you to their other country with new dreams. Then they give you just a bit more than you had in your former home, so they can continue to use you as labor in your new one as long as they keep most of you below the poverty level and can discriminate on you and your kids at will. The diaspora needs medical care, especially the elderly, mental health care, education on our history, addiction and trauma treatment and resources to rise above poverty are all needed too. You can more than afford to renegotiate for all of your people with oil billions. If you do right by them, guaranteed how quickly their children will take all that they have learned and earned abroad to pour it right back into the country of their mothers and fathers. What does $5000 in a bank account do? In the midst of a global pandemic, losing your job in New York City as a 55 year old Guyanese person with a family. What will $5000 do? If you have to ask sir, you are taking your allocation advice from those who still have consistent poor and needy because they never actually ask the poor and needy what they think will help and try that instead. Instead, take your advice from non-poor who are great at building projection charts and statistics that never say the truth which is the greedy (usually those in power) need the poor. Without the poor, the ones in power lose their power. Do right by the people and this country. Be different. Be better. Do better. There is a far greater ROI when the value gained is a return of actual values. But hey as long as Exxon has enough 😂
The government of Guyana should promptly get a precise population count, including names and addresses. Once this is done, checking accounts should be established for each of these citizens under each citizen's name and address at the national bank branch or other designated bank operating legally in Guyana as a commercial bank. Such banking institutions should always be investigated as a sound, qualified banking institution. Each of the found and accounted for citizens would have a debit card provided to the found and verified citizen. Such citizens would be designated as 'legacy citizens.' It is to these legacy citizens that portion of the oil royalty money be freely provided as a 'sub-royalty.' The oil royalty portion which would be provided to 'the people' of Guyana would be exclusively provided to these 'legacy citizens.' If the population of Guyana was 800,000, then a sum of $1000 per legacy citizen would be $800M per annum. This sum should be tax free, as it represents a birthright inheritance. The sub-royalty payment would be similar to the $1000/year the State of Alaska pays its citizens. The payment to the legacy citizens would be good for Guyana, as it would put money into the hands of the citizens to spend for goods and services in Guyana. The turnover rate of money would be healthy for the domestic economy. It rewards its people by the provision of a sub-royalty, increasing their loyalty and sense of being a united people. It would be a shame if a few Guyana insiders finagled the royalty payments into immense personal wealth, while the great mass of people remained poor. That has been the unfortunate model for South America and much of the world. The 'legacy citizen' idea is to help create a solid middle class level of lifestyle, which is the standard for a prosperous economy. Not every 'legacy citizen' will use his/her money wisely, but some will. It is they who will help to build a solid middle economy separate from the oil drilling business. Since oil booms bring many people from other lands, I do not included them in the 'legacy citizen' category, although some may help the Guyana economy. Already one sees among the leadership of Guyana the emergence of greed and vanity, as they describe current plans regarding the oil drilling and subsequent royalties. If events go as they typically do, these leaders will never find an amount of money that they don't consider too generous for the people. They will develop a plan which suits the people. That plan is usually 'nothing for the people,' grabbing it all for themselves.
This proposal is a corruption scheme in the making. Even Norway doesn’t do that. Money better spent would go into education, business development, and infrastructure projects and diversification of investments made by a sovereign wealth fund.
This proposal is a corruption scheme in the making. Even Norway doesn’t do that. Money better spent would go into education, business development, and infrastructure projects and diversification of investments made by a sovereign wealth fund.
Hi good night, im a final year petroleum student at The University of Trinidad and Tobago and currently looking for internships. i know this isn't the place and probably the right time but can i have some sort of contact to get in touch with you please
COnstitution of Guyana 1980 Act no 02 of the co-operative Republic of Guyana 1980. Constitution of America of the United States of America North Carolina State Constitution Commonwealth of the United Nations.
A true sovereign wealth fund, is the best plan proven by Norway, enshrined by law that “All income from natural minerals ” is invested into a managed fund and the profit from the fund after any inflation is accounted for is then allowed to be spent by the Government. This can still benefit the Guyana immediately buy borrowing against the anticipated level of income. Infrastructure projects in renewable energy should be a priority to offset Co2 Emissions and to ensure electricity is available for all. Road & Rail interconnecting the countries population allowing education and work centres to be accessible for all. Then education should be focused on re-training adults and offering more comprehensive schools allowing everyone the opportunities from the increase in skilled work and the population to be given back wealth from the country’s win fall and a brighter future for the young. For government contracts you offer a tax incentive for companies who meet the quality and budget targets of the project and ensure 3rd party inspections are conducted by pre-determined companies of excellence outside of Guyana, this prevents corruption as companies of excellence would not wish to harm their global brand and the wealth to the company doing the project only comes after the project is completed and if its completed correctly and offers no local inspections the opportunities for corruption. The government should also ensures all bidding for government projects is overseen by out of country inspectors who offer the government a report for them to choose from, this helps negate corruption and offers true transparency with the population.
Remember your gold has been stolen from you from ever since the beginning with no cash to show, now take care of the oil you have found, because the Gready men are coming, and remember they love no one but themselves, and the Indian from India are not the native Indian from Guyana
Public comments.nabouing country don't even got resources like Guyana but their currency exchange remain high because they understand the function of governance and proper management in government including checks and balances in government. Barbados and st Vincent and st kitts
Public comments.question why other countries don't have anything and there money is higher than your dollar. Guyana have so much resources but the currency exchange low why ????? Gold diamond bauxite timber and managenise rice and sugar oil and fish and others resources. Management is vital part of economic growth and development base on fact the system must function with transparency and accountability in all area of governance.
All the oil that is already sold and no funds for the the nation..poor ppl and beggers everywhere in the country 7 hundred and 50 thousand barrels a day since 2019..nothing for the nation
hay craydon are you the negitive jackass for the week? I know you vex that Guyana did not build a drill ship and drill for the oil our selves, a mean it only cost a few billions to drill and of course we have a lot of money, or may be you prefer we keep it in the ground for 50 years on till we have the experience, Guyana is being paid already.
As far I am concerned we are new in this prroject. So let us be careful in talking too much and too quick. This is not Guyana's oil company. Guyana needs to unite in this crucial time.
@@josephwebster9546 no the Guyanese people put in the gov,and no country want to steal Guyanese wealth except venezuela.,but since you know so much, what is your solution?
@@josephwebster9546 America in not stealing wealth ok the dog Biden will not have power, I know you think he won but you get all the lies for you to swallow, I can assure you Trump will be sworen in soon, the demorats are like the APNU rats
I am happy for Guyana, but when it comes to Venezuela it is a former colony just like Guyana and in my mind no pharma colony can lay claim over another colonist territory especially if it is not indigenous people that had a legitimate boundary that was set before the colonial. And they are just trying to reclaim their land, the boundary in South America North America Africa and other places around the world were created by European colonizers so I do not see Venezuela having any legitimate claim over Guyanese territory if anything like that should have happened maybe Spain should make that objection or claim. 😂
The Esequibo Territory is in dispute with Venezuela ¿How come you dare to say this oil is Guyanas' oil???...You're braking international rules. We venezuelans claims and have claims that territory as ours. You yourself has claimed the same. Those who steal others territory will be victims of those powerful nations aproving such assult. YOU ARE DIEVES SUPPORTED BY SEVERAL COUNTRIES TO TAKE OUR ESEQUIBO.
There is no trust in the government with the oil money. And the unfortunate one have nothing according to what you are saying. You need to understand what you are saying
Sounds good on the news. Only hope our leaders can control the honest running of nation
Good news for the people of that country that Guyana will be boomed in oil and gas..very good explanation by Bobby of the use and dollar value of Guyana oil ..
Go for it Guyana with Wisedom. Beware of Corruprtion. Diversify the economy. God Bless you
Love Guyana beaches and people. I love to see Guyana becoming Norway and Dubai. Love from India. Best wishes to all guyanese
First of all thank you to God unbelievable Guyana produce oil once was a poorest country in South America now it became a wealthy country I am happy for the Guyanese people
indians are famous for their CORRUPTION ,,,,,,,,,,,,, Champions of Corruption
Nice, well said
Let us see the bright future of Guyana as a powerful Oil & Gas nation and bless the people but as we all know the demand of O&G start to decline and the world will seek less fossil fuel. Get prepared to invest in clean energy!
Thank you for your expert explanation 👍 👏 🙏 😊 😀 🙂 👍
Abrazos a Guyana desde Perú
From what I've seen and heard I sincerely believe that President Ali is a breath of fresh air for Guyana. He has to try diligently to bring the country together and stop the nonsense of black and brown.I would strongly suggest he send a competent team to places like Norway and learn from them.I realize this will all take time
Great bless Guyana Our belove bless land
Excellent points by Bobby Gossai Jr. I wish he’d spoken more about the planned sovereign wealth fund. Also, I’d be curious to know more about Guyana’s energy infrastructure needs (can it use its natural gas for domestic production), planned increases to Guyana’s defense spending, and reserves being found off the coast of Suriname.
Guayana gets way more benefits from oil companies than just half the oil reserves. It's probably one of the best deal made for the Economy/Development and well worth every drop of oil.
Im happy that my country is rising and that the PPP is transforming Guyana.One thing I would like to see transformed is the Stellings especially the one at VREED-EN-HOOP AND STABROEK ...IT IS JUST AN EYESSORE TO SEE THESE FALLING APART .RIGHT AT THESE STELLINGS THE VENDORS ON THE ROADSIDES WHO ARE ILLIGALLY SELLING THERE COULD BE ALLOCATED AT THESE STELLINGS
Mr Gossai making some very good points. UAE I don't see Guyana becoming that just on the colonial history and some leader mark on that country in its history. End up more like Equatorial Guinea, Angola or Ghana oil industry. There could be problems with Venezuela down the road. But let's see if Guyana can become even like Kuwait or Qatar in 10 years. Bless
Public comments. Guyana need to check every gallon of oil input to insure transparency and accountability with oil company. Guyana must get it's fair share. Which will help Guyanese.
Looking forward to see how Guyana steps up their game to keep up with this. The street scenes & local news are not encouraging, how does one inspire citizens to develop their professional advanced accountancy, physics, and petroleum engineering skills? The good news seems to be the government so far seems to be prudent and are taking their time to consider the steep path forward.
guyana is going good i hop the people reap the benefits ,i comein back home soon and i want to get a work in the oil industry bless gt
I am concerned about the bullying by Exxon Mobil to have Guyana rushed to sign contracts. The same tactics was used with the previous administration. Hence, forcing Raphael Trotman to sign away our wealth. I am hoping that our new president Mr. Irfan Ali and mr Jagdeo don't be bullied to sign payara contract and make the same mistake of the previous administration. Take all the time you need and make the right decision for all Guyanese . I am confident that you guys can get the job done please be fair, transparent , honest, and just for all guyanese.
Happy for Guyana,, hoping to see a great transformation in very aspect, from a Yardie..
Great points made but pegging royalties on a sliding scale and especially based on oil price is a bad idea. The price of oil can can fluctuate wisely and you can have long periods of down turn which is not great for a developing country such as Guyana that benefits best from steady income to service it's debts.
Public.comments Guyana need to protect it's resources and stop flairing Will definitely help pollution control now,call on EPA regulations to deal with this situation now. Any violation must face justice system and millions of dollars in fines for pollution.
No body is asking how a country with only 700,000, with a lack of experience in almost every knowledge and infrastructure sector things is going to manage this oil, and the the expertise and infrastructure needed.
The most basic of anything they cant due properly because anyone with a bit of knowledge left the country.
An example.
the government built a stadium (Durban stadium?) for the 50th year independence. You should of seen the state of that so called stadium. It was already falling apart before it was finished building for the big Independence day.
And it was a local guy that knew nothing about construction that was making the video and showing us.
This is what will be happening. they will need to import a top of people with expertise or else they will be robbed severely.
Good luck, Guyana!!! You deserve your rightful place on the world stage after losing your dignity and suffering so much.
Pres Ali ensure ALL GUYANESE HAS A BETTER LIFE AND NOT VEING COLONISED GOD BLESS
Guyanese Economy is boosting due to oil production is a great land marked in Economy growth, Due to investment by foreign companies employment will also go up, oil exploration will allow Government for more facilities in Health, Education and Industrial Development, I have been Monitoring Guyanese Economy since period of Late president Dr Chhedi Jagan
Public comments. The oil companies must work together with Guyana to better understand the principal of laws in Guyana and respect it and the world face with global warming and pollution.
We hope that the Guyanese government uses the profits from oil revenues to invest in infrastructure such as bridges, roads, housing schemes for poor families, health centers, schools, telephony and internet telecommunication in the remote populations of Upper Mazaruni such as: Phillipai, Paruima, Kamarang, Arau, Ekereku, Isseneru, Issano, among others from Region 7. 👍
The oil money must be used to build roads throughout the country. This will promote development and hence prosperty for the people.
good idea just as well you tell us
Guyana 🇬🇾 🇬🇾 don't have poverty ,some guyanese have 200 to300 lbs
Put people to work;clean the country; develop infrastructure. Promote education, employ people. let the people see prosperity, Indians and blacks alike
expand the military.......
the government will steal the money so whatever
I have a question if anyone knows the answer please tell, how long will it take the oil company to recover their initial investment to find and drill the oil? And what will be the added benefit to Guyana's 2%? The 2% sound like a record deal that so many artists get after selling a CD for $30 you only gets 2%.
Liza Destiny is already producing, Liza unity is currently under construction.
Increase royalty if production increases? I don’t think so.
We don't concern which party win we need money for our hard work it time due
Talking about cash of paying out the Guyanese people of the oil cash.. all senior should receive monthly payment directly deposit in their bank account same as North America... such as old age security also food stamps.. Guyana have under a million people live there have children in school to have a better education and lots more
It’s nice to say Guyana have oil but take a good look and ask yourself who control the oil just like other countries who has oil and can’t sell it.When the country borrowed so much money and they drop your oil prices how are you going to pay your debts take a good look at other countries we should learn from experiences.Its a small country with a lot of resources and small population and without good Governing Bodies the wealth could be lost and our dreams can be shattered.
To dismiss considerations for provisions based on birthright as quickly as he did shows he may need more education on the definition of Guyanese people. Those that left didn’t just leave their country. Some were escaping or sold a further dream from the already established world powers of the time. The Guyana that he will now reap the benefits of was built, fought for and continues to exist on the backs of all of those before him.
Consider especially the remaining elderly from the Diaspora. I believe to move forward correctly is to start by ensuring our history is taken care of first. You can’t ask them to come back and earn their oil money by contributing now. Some of them already contributed a lifetime or generations to the Guyana that is now rewarding you Bobbi. (You who also left and came back. Some did not get the opportunity to come back to their home.) They earned for you what you are receiving now. There is also an immediate need behind her question. A need, not greed.
As most global powers are great at doing, they free you from one country and invite you to their other country with new dreams. Then they give you just a bit more than you had in your former home, so they can continue to use you as labor in your new one as long as they keep most of you below the poverty level and can discriminate on you and your kids at will. The diaspora needs medical care, especially the elderly, mental health care, education on our history, addiction and trauma treatment and resources to rise above poverty are all needed too.
You can more than afford to renegotiate for all of your people with oil billions. If you do right by them, guaranteed how quickly their children will take all that they have learned and earned abroad to pour it right back into the country of their mothers and fathers.
What does $5000 in a bank account do? In the midst of a global pandemic, losing your job in New York City as a 55 year old Guyanese person with a family. What will $5000 do? If you have to ask sir, you are taking your allocation advice from those who still have consistent poor and needy because they never actually ask the poor and needy what they think will help and try that instead. Instead, take your advice from non-poor who are great at building projection charts and statistics that never say the truth which is the greedy (usually those in power) need the poor. Without the poor, the ones in power lose their power. Do right by the people and this country. Be different. Be better. Do better. There is a far greater ROI when the value gained is a return of actual values.
But hey as long as Exxon has enough 😂
Correction mister, it's not Exxon mobilE its Exxon Mobil mo bil not mo bile. Ok.
The government also should look into solar energy and hydro energy also
The government of Guyana should promptly get a precise population count, including names and addresses. Once this is done, checking accounts should be established for each of these citizens under each citizen's name and address at the national bank branch or other designated bank operating legally in Guyana as a commercial bank. Such banking institutions should always be investigated as a sound, qualified banking institution. Each of the found and accounted for citizens would have a debit card provided to the found and verified citizen. Such citizens would be designated as 'legacy citizens.' It is to these legacy citizens that portion of the oil royalty money be freely provided as a 'sub-royalty.' The oil royalty portion which would be provided to 'the people' of Guyana would be exclusively provided to these 'legacy citizens.' If the population of Guyana was 800,000, then a sum of $1000 per legacy citizen would be $800M per annum. This sum should be tax free, as it represents a birthright inheritance. The sub-royalty payment would be similar to the $1000/year the State of Alaska pays its citizens. The payment to the legacy citizens would be good for Guyana, as it would put money into the hands of the citizens to spend for goods and services in Guyana. The turnover rate of money would be healthy for the domestic economy. It rewards its people by the provision of a sub-royalty, increasing their loyalty and sense of being a united people. It would be a shame if a few Guyana insiders finagled the royalty payments into immense personal wealth, while the great mass of people remained poor. That has been the unfortunate model for South America and much of the world. The 'legacy citizen' idea is to help create a solid middle class level of lifestyle, which is the standard for a prosperous economy. Not every 'legacy citizen' will use his/her money wisely, but some will. It is they who will help to build a solid middle economy separate from the oil drilling business. Since oil booms bring many people from other lands, I do not included them in the 'legacy citizen' category, although some may help the Guyana economy. Already one sees among the leadership of Guyana the emergence of greed and vanity, as they describe current plans regarding the oil drilling and subsequent royalties. If events go as they typically do, these leaders will never find an amount of money that they don't consider too generous for the people. They will develop a plan which suits the people. That plan is usually 'nothing for the people,' grabbing it all for themselves.
This proposal is a corruption scheme in the making. Even Norway doesn’t do that. Money better spent would go into education, business development, and infrastructure projects and diversification of investments made by a sovereign wealth fund.
This proposal is a corruption scheme in the making. Even Norway doesn’t do that. Money better spent would go into education, business development, and infrastructure projects and diversification of investments made by a sovereign wealth fund.
Yeah what we want to know is how this country people will come out of poverty
Guyana 🇬🇾 gets oil 🛢 ,now every body wants to run 🏃♂️ back
Hi good night, im a final year petroleum student at The University of Trinidad and Tobago and currently looking for internships. i know this isn't the place and probably the right time but can i have some sort of contact to get in touch with you please
Don’t cry now. The. Government. Of. Guyana. Just. Talk. And always. Fill their. Pockets. First
COnstitution of Guyana 1980 Act no 02 of the co-operative Republic of Guyana 1980.
Constitution of America of the United States of America
North Carolina State Constitution
Commonwealth of the United Nations.
Exxonmobil expenses ,75% ,25 profit 📈 sharing, 25 % ÷2 = 12.5 + 2 % royalty =14.5. Sliding scale ⚖ is better on the royalty
10/15. Yrs. oil. Is. Worth. Noting. Because. North America AND EUROPE. IS. NOW. GREEN. Energy
A true sovereign wealth fund, is the best plan proven by Norway, enshrined by law that “All income from natural minerals ” is invested into a managed fund and the profit from the fund after any inflation is accounted for is then allowed to be spent by the Government.
This can still benefit the Guyana immediately buy borrowing against the anticipated level of income.
Infrastructure projects in renewable energy should be a priority to offset Co2 Emissions and to ensure electricity is available for all.
Road & Rail interconnecting the countries population allowing education and work centres to be accessible for all.
Then education should be focused on re-training adults and offering more comprehensive schools allowing everyone the opportunities from the increase in skilled work and the population to be given back wealth from the country’s win fall and a brighter future for the young.
For government contracts you offer a tax incentive for companies who meet the quality and budget targets of the project and ensure 3rd party inspections are conducted by pre-determined companies of excellence outside of Guyana, this prevents corruption as companies of excellence would not wish to harm their global brand and the wealth to the company doing the project only comes after the project is completed and if its completed correctly and offers no local inspections the opportunities for corruption.
The government should also ensures all bidding for government projects is overseen by out of country inspectors who offer the government a report for them to choose from, this helps negate corruption and offers true transparency with the population.
Guyanese Owned and Operated EPC/PM based in Canada. www.damaze.ca
It’s like understanding how to ride a bike to flying a rocket ship....the past government had no idea.
Money won't go in the poor bank accounts. Bt a lot of you in position gone put millions in yall pockets
Remember your gold has been stolen from you from ever since the beginning with no cash to show, now take care of the oil you have found, because the Gready men are coming, and remember they love no one but themselves, and the Indian from India are not the native Indian from Guyana
Got you mate, i know exactly where you are coming from. Cheers and all the best. Anton. In the UK.
Dear platchin guyans people vote you guys put you guys their people help people need money live people job peoplehelp
Public comments.nabouing country don't even got resources like Guyana but their currency exchange remain high because they understand the function of governance and proper management in government including checks and balances in government. Barbados and st Vincent and st kitts
Public comments.question why other countries don't have anything and there money is higher than your dollar. Guyana have so much resources but the currency exchange low why ????? Gold diamond bauxite timber and managenise rice and sugar oil and fish and others resources. Management is vital part of economic growth and development base on fact the system must function with transparency and accountability in all area of governance.
Too much corruption...Those in the pubic offices must stop filling their own pockets and be held accountable for their actions.
What you have for the poor
In the abundance of water, the fool is thirsty;
You run out of guyana 🇬🇾 keep on running 🏃♂️ 🏃♀️ 💪
Why. Let. USA. Keep. Our. Guyanese. Money. And. Guyana. Is paying high intrest. On its. Debt
$25000 is nothing grant is depth for pool people our salary murt raise high hell high
the girl is asking for physical cash lol, I hope elderly should get something first
All the oil that is already sold and no funds for the the nation..poor ppl and beggers everywhere in the country 7 hundred and 50 thousand barrels a day since 2019..nothing for the nation
Talk talk Talk only help Exion and his boys talk for. show what you dont controled
hay craydon are you the negitive jackass for the week? I know you vex that Guyana did not build a drill ship and drill for the oil our selves, a mean it only cost a few billions to drill and of course we have a lot of money, or may be you prefer we keep it in the ground for 50 years on till we have the experience, Guyana is being paid already.
Very good trial to explain the oil and gas
Very good trial to explain the oil and gas
As far I am concerned we are new in this prroject. So let us be careful in talking too much and too quick. This is not Guyana's oil company. Guyana needs to unite in this crucial time.
yes Rawle, so we should Nationalise , and you going to be the highly skilled to run the drill ship ?
Please people. Look. These SCAMMERS. WILL JUST. STEAL. THE CREAM
indians are famous for their CORRUPTION ,,,,,,,,,,,,, Champions of Corruption
Your bank account will be full and running over though..criminals
No vote
Guyana must request USA to build a military base in No.1 region
why?
@@amazonwarrior7126 so they can put the government they can control in power and steal their wealth.
@@josephwebster9546 no the Guyanese people put in the gov,and no country want to steal Guyanese wealth except venezuela.,but since you know so much, what is your solution?
@@josephwebster9546 America in not stealing wealth ok the dog Biden will not have power, I know you think he won but you get all the lies for you to swallow, I can assure you Trump will be sworen in soon, the demorats are like the APNU rats
@@amazonwarrior7126 keep the US out of Guyana. Don't be ignorant
I am happy for Guyana, but when it comes to Venezuela it is a former colony just like Guyana and in my mind no pharma colony can lay claim over another colonist territory especially if it is not indigenous people that had a legitimate boundary that was set before the colonial. And they are just trying to reclaim their land, the boundary in South America North America Africa and other places around the world were created by European colonizers so I do not see Venezuela having any legitimate claim over Guyanese territory if anything like that should have happened maybe Spain should make that objection or claim. 😂
When did the stealing will begin? Oh, wait. It’s Guyana that’s everyday.
Russian oil, refuse to pay RMB. Venezuela oil, same. Now Guyana oil 😂
The Esequibo Territory is in dispute with Venezuela ¿How come you dare to say this oil is Guyanas' oil???...You're braking international rules. We venezuelans claims and have claims that territory as ours. You yourself has claimed the same. Those who steal others territory will be victims of those powerful nations aproving such assult. YOU ARE DIEVES SUPPORTED BY SEVERAL COUNTRIES TO TAKE OUR ESEQUIBO.
There is no trust in the government with the oil money. And the unfortunate one have nothing according to what you are saying. You need to understand what you are saying
More poverty..
This guy has no idea what you are asking about! He is no expert at any of this!