LETTER TO THE EDITOR – By Eusi Kwayana
Unlike Financial Representatives (MP’s) , A.R.F. Webber and Joseph Eleazer, and other members of the Popular Party of British Guiana in 1920’s, the present government is very ready to hand over to extractors Guyana’s most precious assets. The oil giveaway and scandal is still being exposed as the most unpatriotic agreement signed by any government anywhere on the planet in the history of mining.
Not only citizens, such as Mr. Glenn Lall, have exposed the lopsided giveaway of Guyana’s wealth to the oil company ExxonMobil and its partners, but financial experts long acquainted with oil industry have taken the same position. Continue reading
GUYANA: Energy Crisis: The time has come for CSME to play it s role – Letter by Eusi Kwayana
Dear Editor:
In a discussion on Sunday June 19, 2022, the panelists on Observer Radio in Antigua considered a statement by Prime Minister Gaston Brown of Antigua and Barbuda. That statement suggested that it might be necessary for the Caribbean countries in CARICOM to approach Venezuela for a second chapter of Petro Caribe which was designed to help Caribbean countries at the time of Hugo Chavez’s Bolivarian Revolution.
At this point it is good to remember that Trinidad and Tobago during the days of its oil boom had extended credit facilities to some of the Caribbean islands in CARICOM. One of them, Guyana, benefitted from these credits up to its limit of $500M in US dollars, I suppose largely for fuel imports. It was reported that a substantial amount of these debts ($482.5M US dollars) were eventually written off by the Trinidad and Tobago government as Guyana was unable to honour its debt. (See note at end). Continue reading →