Introduction
Today I start my discussion of the fourth and penultimate Guidepost listed in the spending dimension of Guyana’s Petroleum Road Map. For this topic I basically re-state, with some refinements, my earlier advice to the effect that there is no sound economic basis for the Government of Guyana (GoG) to invest a huge portion of its expected petroleum revenues in creating value-added refining to its crude oil exports, given the prevailing global and national environment.
I have already argued this case in rather extensive detail over the long period May 28, 2017 to October 29, 2017. I shall not, therefore, repeat in detail that earlier discussion. Its main outlines are briefly summarised, before I turn to consider next the last Guidepost (5) in the Guyana Petroleum Road Map. My intention remains, as of now, to complete consideration of Guyana’s Petroleum Road Map, before First Oil, due in 2020.
