Introduction
Following last week, today’s column continues to provide recommendations in relation to the three critical key policy options that I will identify, which will face the Guyana Government, GoG, in the next decade. The column last week identified four considerations that push back strongly against favorable consideration of the first of these policy options; that is Guyana’s membership or not of OPEC. The considerations listed were: 1) U.S. hostility to OPEC, as revealed in the introduction of the No Cartels Production and Export Act (NOPEC) in Congress; 2) the consideration that an oil supermajor in the US (ExxonMobil’s subsidiary) is currently the Chief Executive of Guyana crude; 3) the undeveloped state of Guyana’s governance capacity in its oil and gas sector; and, 4) supply controls and quotas that always accompany cartel membership.