Introduction
Last week’s column ended with an observation that is so revealing I repeat it as the title for today’s column. That is, two leading drivers; namely, the intrinsic competitiveness of Guyana’s crude oil discoveries along with its preferred demand quality combine to assure worldwide commercial success. Space in last week’s column made it impossible to provide more than one brief indication of its premium quality – medium sweet low carbon. That is, the recent International Maritime Organization’s ruling approving exclusive use of low sulfur fuel in maritime vessels; Liza crude has a 0.5 sulfur rating.
I continue this discussion here, focusing on the intrinsic competitiveness driver.
