Select global trends in offshore oil and gas production five years after Guyana’s First Oil

Introduction

My Sunday column last week [February 2] ended a rather long-running discourse that was devoted in the main, towards macroeconomic management, fiscal reform and monetary policy in Guyana along with, inescapably, the management of its exchange rate system when it was already fabled, as a rapidly emerging Petrostate; indeed, termed by many [including the IMF] as the world’s fastest growing [GDP] Petrostate ever.

As it has turned out that February 2 column not only marked 1] the ending of my first multi -column exploration  of any depth] focusing on Guyana’s macroeconomic challenges as a Petrostate and 2] also appeared as a publication two weeks after the delivery of Guyana’ s National Budget 2025 to the National Assembly.