Latest update April 19th, 2024 12:59 AM
Jun 17, 2019 Letters
DEAR EDITOR,
The last PPP Congress a few years ago saw a Jaganite Candidate, much loved by the over one thousand party’s working class Delegates, secure a second place with only a few dozen votes separating him from then President Bharrat Jagdeo.
Those working class people knew that this Jaganite would stand steadfastly with them, and not the few, as Cheddi had done all his life.
While the others and I thank Bharrat for holding the economic fort after Cheddi died, one important point must be made: It was Cheddi’s life’s work, Cheddi’s honesty and decency after the October 5th,1992 general elections, that brought out from beneath the cobwebs a dormant private sector.
Indeed, it was Cheddi’s courage to work for the many and not the few, that rebuilt the PNC’s destroyed economy and infrastructure, and created a larger and the biggest private sector Guyana has ever known.
That was not any doing of Bharrat! He simply did the holding job that became necessary at that time. Many others, were they put to do that job, could and possibly would have done similarly or even better without the serious blemishes like Skeldon, publicly insulting Mrs. Janet Jagan who had given Bharrat his big break, and others mistakes.
To be kind to Bharrat though, let us refrain from the apportionment of blame for mistakes, too many as to weigh us down.
Today’s Guyana is pressed to deal wisely with one main issue. Not the artificially created racial problem. Oh no! This main issue has to do with real Wealth Creation for the many of all races of workers – OUR OIL.
It is the COALITION’s Granger/Trotman who signed that abominable contract with Exxon Mobil. A contract that bars us from: (1) placing any of our own people on the pumping and storage ships to verify how many barrels are being shipped out on super tankers. (2) any auditing of expenses presented to us by the technical people (Exxon Mobil). (3) write off of justifiable expenses over the same 20 year period their pumping and holding ships will be anchored to our seabed and over our oil, and so much more wrong, that Dr. Troy Thomas’s Organisation TIGI has recently concluded that the Exxon Mobil contract is irretrievably flawed, illegal, and is either the result of massive corruption or massive incompetence.
During Local Government Elections Editor, Bharrat Jagdeo came to Lethem and spoke to a good sized crowd. I was there and listened intently to what he had to say about our oil. He stated, most satisfyingly to himself I must add, that we’ll be getting four hundred million U.S dollars a year from our oil. That is peanuts Editor.
Crunching my own numbers, and taking it as a given that the world will not in any hurry be abandoning fossil fuels, over the next twenty two years something over one trillion U.S dollars will be lifted from our seabed. Half of that must be for Guyanese people – the many – not the few.
The 50/50 production sharing agreement sounds great on paper. Let us say, that the first year of selling our oil yields 6 billion U.S dollars. Once we have all weather verification rights, each day, we’d know the price per barrel of oil every day on the market, and we’ll know the total sales value for a year.
The split would be, therefore, minus audited expenses acceptable to us, for one year, a little under 3 billion U.S for us, and the same for Exxon Mobil.
The thing is, that like many oil producing African and other countries who’ve already seen their poor, after oil, get poorer, this is how it is done Editor: inflated invoices for padded expenses presented to us for, say, 5.2 billion U.S dollars, would leave eight hundred million U.S dollars to be split two ways. Incidentally, by year 2, 3, and 4, oil revenues per year will be in the 30 to 40 billion U.S dollar range.
The PPP’s Jaganite, promises to use this money for the many, transforming our Guyana with no turning back.
First, it was our sugar, then bauxite, then rice, then gold and diamonds, then timber, now it’s oil. Time to put an end to exploitation don’t you agree?
Yours truly,
Eddie DaSilva
Please share this to every Guyanese including your house cats.
Apr 19, 2024
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