Guyana and the Wider World

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 As indicated last week, today’s column closely reports the findings in Budget 2024 regarding Items 2 to 6 listed therein.

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 closes off my re-visit of the Buxton Proposal, which I started in Q3 2023.

Introduction As titled, today’s column sums up my efforts since January 28 to assess the sustainability of Guyana’s oil and gas explosive growth.

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 offers a wrap-up of the ABCs of hydrocarbons taxation, which I introduced in last week’s column.

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 Today’s column concludes my assessment of the second of four modeled drivers and its metrics.

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 As indicated in last week’s column, today’s column focuses on two items.

  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.

Introduction In today’s column I commence an elaboration, in two parts, of the modeling of the petroleum metrics that undergird the Buxton Proposal.