Introduction
Today’s column shifts the focus of my analysis of the likely impacts of the 2020 General Crisis, (as I have portrayed this) on Guyana’s infant oil and gas sector to its more speculative or forward-looking dimensions. It seeks to estimate the impacts over a short to medium-term time-frame; that is, to the mid-2020s. Next week’s column will focus more specifically on the likely impacts over the medium to long-term (secular) time-frame. That is, from the mid-2020s to the early 2050’s. This latter time-frame coincides with the Energy Information Administration’s (EIA) 2018-2050 projection of the global energy mix.
The primary reason for separating the estimation into these two time-frames is that the information, which must be covered for an effective appraisal, is far too much to be fruitfully accomplished in a single column. An additional consideration is that the lead Producer Group in Guyana’s infant petroleum sector has posted, since 2018, the mid-2020s as the horizon-deadline for their current endeavors.
