Introduction
Last week’s column introduced my proposed approach to the appraisal of the likely impacts of the 2020 global general crisis on Guyana’s infant oil and gas sector. Today’s column begins the detailed effort of that appraisal of these impacts (setbacks). I shall focus principally on economic impacts (setbacks) because these impacts are more amenable to identification and quantification than others; social, cultural and political.
However, given the subject matter of my concern (carbon emitting oil and gas), I am obliged to address, albeit briefly, direct environmental impacts (setbacks), in so far as the available data permit. Further, since my appraisal focuses specifically on near-term effects of the crisis, my coverage will be largely confined to performance over this year, 2020.