Baseman posted:Reeper posted:Baseman posted:
I believe they are profitable, the big ones at least. Guyana has a high cost and this needs to be addressed. They need to benchmark with other low cost producers and dissect their cost structure and adopt best practices.
The govt also needs to explore added value down streaming. As KP said, they should consider bringing back some elements of F in the FCH program.
What about govt subsidies? Put that oil money to use productively.
Subsidies should be used if and when appropriate and not to prop inefficient operations. Oil monies should be used to build infrastructure and an efficient power grid to bring down overall cost of doing business.
Question, when the US gives out subsidies to farmers, how do they determine that they are not propping up inefficient operations? Maybe this could be a model to leverage.