Dear Editor,
If Guyana’s current oil production and oil reserves can be sustained for 50-plus years, then we should go ahead with building the natural gas power plant. And, further afield, if Guyana’s oil production and any new oil discoveries (and reserves) can last for a 100-plus years…definitely, we should build an oil refinery. In both cases, the respective feasibility studies will proffer those as lucrative projects.
In the interest of business investments and economic development, certainly we should look to legislate a Depletion Policy as a means of long-term sustainability for our oil and gas industry … (and in order to facilitate the realizable natural gas Power Plant Project as a going-concern.)
Sincerely yours,
Paul Ramrattan
