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Reply to "Building a US$5 billion oil refinery in Guyana unprofitable — expert"

caribny posted:

the EU announced long before Jagdeo left office that the EU subsidies and guaranteed access would be removed and they even provided funds to achieve this transition.

 

Get with the program, announcement is different than the actual removal of the subsidy. The subsidy removal was gradual, buying Jagdeo time. That is why he made the blunder with Skeldon and the packaging plant, to try to minimize the impact. However as I noted, govt should not be in the business of running industry, and true they bought a lemon from the Chinese. 

FM
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