Introduction
Last week’s column wrapped-up a four-column series on the ruling Stabroek PSA [backward looking] and the new Model PSA and its Public Modalities [forward looking].
Introduction
This is the wrap-up column treating with a retrospective and prospective reflection and review of the ruling Stabroek PSA and its Model PSA variant arising from the recent public auctions.
Introduction
Last week’s column ended with a pointed reference to there being several concrete examples of governance issues and reforms recently set in motion and designed to make the Stabroek PSA operate in a more effective manner.
Introduction
I believe that the most effective way to commence a discussion of the topic headlined above, is for me to provide readers with the basic rationale behind its selection.
Introduction
Last week’s column asserted that, National Budget 2024 did confirm Guyana’s key macro and micro economic performance indicators support the notion of a robust consolidation of its newly acquired status as the newest and fastest growing Petrostate in the Americas.
Introduction
Today’s column advances several additional insights into the ongoing National Budget 2024 appraisal of the macro and micro-economic foundations of Guyana, now generally classed as the Americas’ fastest rising Petrostate.
Introduction
Last week’s column displayed, in brief, the crucial macroeconomic foundations to my assertion that, recently, Guyana has become the newest Petrostate in the Americas.
Introduction
Regular readers would recall that I used national budget 2023 to portray Guyana’s macro-economic and micro-economic foundations as satisfying the standard definitional prerequisites for a nation designated to be a Petrostate.
Introduction
Today’s column concludes the discussion on the fourth and final modeled driver and its metrics, which I believe undergirds any serious appraisal of the viability or affordability of a Guyana Universal Basic Income, UBI, mechanism, the Buxton Proposal.
Introduction
This week’s column addresses the fourth and final driver along with its modeled metrics; namely, operational cost of oil production share ratios in Guyana.
Introduction
Today’s column considers the third modeled driver and metrics related to the affordability of the Buxton Proposal; Government Take or the average effective tax rate, AETR, yielded by the Production Sharing Agreement (PSA) regime governing Guyana’s oil exploration, development and production.
Introduction
Last week’s column concluded my consideration of the first of four modelled drivers [that is, Guyana’s oil and gas resources and reserves] and their related metrics, as displayed in the analytical framework I am using here [see January 28, 2023 column.]
Introduction
Today’s column interrogates, rather summarily, the key crude oil metrics linked to Guyana, which within the space of four years, has been already hailed as the Americas’ fastest rising Petrostate.