Introduction
At the conclusion of last week’s column, I had indicated the intention to wrap up in today’s column my discussion concerning the institutional architecture and governance in preparation for Guyana’s coming gas and oil industry. However, the feedback readers have offered since, suggests they are not altogether clear as to why there is a special need for attention to be paid to this consideration. They point out, correctly, that in order to be successful, every major productive economic activity would require an accommodating and specifically tailored institutional/governance environment. It is my responsibility therefore, to justify what is unique about oil and gas production in Guyana, in order to justify dedicated attention being paid to this. I will address this concern in today’s column, and postpone the promised wrap-up discussion until next week.