Guyana supposed to be saving millions in oil imports since world market prices have dropped more than 60%. There is no excuse here. Basemen is correct in saying that the drop in gold price is offset by the decline in oil price. The price of gold has been around $1100 for a quite a while. I don't see how any major drop in the price over the last year.
Neither you nor baseman know anything about economics.
More than 50% of the foreign exchange is earned by gold. the earnings from that industry spread to the real estate, construction, and retail sectors. Thousands earn a living in those 4 sectors.
When gold prices drop, and production plummets, the economy declines. the fact that oil might be cheaper is beside the point.
Caribj knows economics. That is why he supports a Government who is bringing Guyana into bankruptcy. Where are all the economic genius the AFC boasts about? This government has no plans to create jobs and collect revenues, but they raised salaries and cut taxes. I ask you now caribj. What the hell do you know about economics. The revenues that this Government is collecting was created by the PPP. You called them coolies but they know how to run a cake shop and do business.