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Reply to "US$300M cannot kick-start economic transformation"

Billy Ram Balgobin posted:
Django posted:
Billy Ram Balgobin posted:
Django posted:

Peeping Tom is from the Dooms Day Crew,he needs to pull out the calculator.

 

Wrong!  Tom sits on a high branch which allows him to see the game clearer than the players. He is on the money with this one. Just think about the loss of revenues from sugar and other sectors and offset it against expected revenues from oil.

What money the miscalculated US$300M from oil revenue in forty years ?

The unstable price of oil could put the country at risk of defaulting on its debt payments if we rely too much on oil. Guyana needs many more industries to generate real wealth. Oil alone cannot cut in today's world. The black gold is not the same gold it was years ago. Oil is found in over a hundred countries in the world. The growth of electric vehicles and solar polar will reduce the world's dependence on oil making it cheaper. 300 million is plenty money for a family but not for a nation. It helps but cannot solve all financial problems.

Bai dem Saudi man and Russia man and Venos Man going to wuk to keep it up to 70 usd. Abie going to ge nuff nuff money. Abie na need ayoo remittance no more. Abie go throw back and drink likka. Me na plant bora and grow me fowl no more. Abie go afford foh buy chicken and egg from Merika. 

FM
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