Reply to "Guyana's largest single oil find so far"

BasemanSenior Member

Billy Ram Balgobin posted:
Ralph said oil revenues of 7 billion dollars over 20 years will only expand the economy by 20%. 300 million per year? The Verrazano Bridge brings that amount in tolls annually. Guyana still needs to manage its economy properly

I think he is missing the multiplier effects of the annual revenue stream compounded. If the powers to be use the wealth to improve infrastructure and build out affordable energy, leverage on the economy will be great!

everyone has an opinion. He say 300 mil pa, TK said the sign in bonus alone should have been 236 mil. Who is correct?

but I do agree with him, it still needs careful management to ensure maximum benefit!

1/13/188:20 PM

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