Introduction
Following last week, today’s column continues to provide recommendations in regard to the three crucial key policy choices that I identify, which will be confronting the Government of Guyana, GoG, in the coming decade. Last week’s column has identified four considerations that push back strongly against favourable consideration of the first of these policy choices; that is Guyana’s membership or not of OPEC. The considerations listed were: 1) United States’ hostility to OPEC, as revealed in the introduction of the No Oil Producing and Exporting Cartels Act (NOPEC) in Congress; 2) the consideration that a US oil supermajor (ExxonMobil’s subsidiary) is presently the lead Operator producing Guyana’s crude; 3) the underdeveloped state of Guyana’s governance capability in its oil and gas sector; and, 4) supply controls and quotas that always accompany cartel membership.
