Dr Clive Thomas

Introduction Today I start my discussion of the fourth and penultimate Guidepost listed in the spending dimension of Guyana’s Petroleum Road Map.

Introduction Today’s column addresses the tenth and final item in my non-exhaustive list of the “top-ten economic challenges”, which Guyana will have to confront as it operationalises its coming petroleum sector.

Introduction Today’s column addresses three additional “top-10 economic challenges” in light of Guyana’s coming petroleum sector; namely: intergenerational equity, the permanent income hypothesis (PIH) budget rule, and managing public expectations.

Introduction This week’s column continues my evaluation of what I had earlier labelled: “a non-exhaustive list of the top-10 economic challenges”, which the Government of Guyana (GoG) will have to confront with First Oil due in 2020.

Introduction This week’s column starts consideration of what I had previously labelled as a non-exhaustive list of the “top-10 economic challenges”, which the Government of Guyana (GoG) has to confront.

Introduction Today’s column has two principal aims: One is to wrap-up the overall discussion on spending expected windfall petroleum revenues on Government of Guyana (GoG) designated priorities.

Introduction Today’s column wraps-up my discussion on spending petroleum revenues on long-term priorities Of the Government of Guyana, (GoG), as represented in Guidepost 2 of Part 2 of the Guyana Petroleum Road Map.

Introduction Today’s column continues consideration of the three areas of Government spending that are supported in the Guyana Petroleum Road Map.

Introduction Last week I had raised several critical conceptual and analytical concerns related to what I labelled as “the Government of Guyana’s (GoG) well underway priority” of establishing a Sovereign Wealth Fund (SWF)//Natural Resources Fund (NRF).

Introduction Discussing Guidepost 2 of Part 2, I began last week with identifying three general areas of public spending of petroleum revenues indicated by the Government of Guyana (GoG) thus far.

Introduction Today’s column addresses Guidepost 2, in Part 2 of Guyana’s Petroleum Road Map.

Introduction A significant number of readers have asked me to clarify/expand/repeat more simply the way in which I arrived at the “back of the envelope” or “ballpark estimates” of annual Guyana Government Take, which I offered in last week’s column.

Introduction Today’s column measures the impact of applying my values for production, price, and Government Take (indicated in Part 1 of Guyana’s Petroleum Road Map), to Rystad Energy’s analytics.

Introduction Last week’s column offered a brief overview of Part 2 of Guyana’s Petroleum Road Map.

Introduction This week’s column starts my presentation of the Second Part of Guyana’s Petroleum Road Map.

Introduction Last Sunday’s column concluded my discussion of Guidepost 6. It also provided the indicative unit total cost range for a barrel of oil equivalent (boe) which I shall apply to the estimation of Guyana’s likely petroleum revenues, after cost, for the remainder of the Road Map, going forward.

Introduction Last week’s column wrapped-up my discussion of break-even prices, both from a business (commercial) perspective and a fiscal and their relation to the unit total cost of Guyana’s crude oil exports.

Introduction In last week’s column, I had introduced the concept of the break-even price.

Introduction Today’s column links my ongoing assessment of Guidepost 6 in Guyana’s Petroleum Road Map (that is, the average (unit) total costs for its crude oil export) to my previous presentations in this series on Guyana’s projected indicative price range per barrel of oil equivalent (boe) for its expected petroleum exports.

Last Update: 558.05                               Movement: 3.73%                            Current Update: 537.22                         YTD Movement: 4.34% The Lucas Stock Index (LSI) declined 3.73% during the fourth period of trading in May 2019.