Govt hogs mega oil profits

The Government has rather chosen to increase the duties collected by the Guyana Revenue Authority (GRA) on the commodity as well as allow the State-owned Guyoil Company to make windfall profits.

Are we now crying for the same thing the PPP was doing?

Where was the guyana times when this was the practice of the last regime? The government cannot pass on all the savings. The Us does not. It has heavy tax of fuel.

When are you going to  ever say what is right is right for the Guyanese PEOPLE.or are you just blind sighted.I guess they have to pay the FAT PIGS.

This is not presently rice for oil where farmers are owed. The state is not getting oil  on  barter a scheme. We have to pay hard cash. The monies is for all of Guyana. The PPP used the farmers rice to bootstrap their for profit oil trade. They got rich and the farmers got screwed.

Since when the PPP/Crooks care about the rice farmers?

When the PPP/C were doing it, it was wrong then, just as it is wrong now.

The PPP had an obligation to spend the earnings in the rice industry. The made millions and stuffed it in their pockets. This government is truly free to spend the money on whatever project it chooses

Listen to this coolie hater, PNC barking mongrel. What an educated failure!

You do know that for most of the first half of the year the PPP was in power. In fact this even acknowledges that it was the PPP which increased taxes and fees, with APNU/AFC merely continuing this policy.

The Indo KKK is quite active, and increasingly looking quite foolish.

And yet the Indo KKK said nothing then.

So why the screams now?

I am sorry you do not see the difference. I am indeed sorry that  being a moron is a chronic disposition.

They need to impose a higher tax on cassava bread, that would get you where the sun don't shine!

Dumb kraut, because the low oil price has been sustained.  The plummeting oil prices has been a fairly recent event.

Plumeting prices were evident since late last year.

You really need to try harder to establish the case that the PPP were better managers of the economy than the current gov't.  From what I see, they are equally incompetent.

The PPP did reduce fuel by 30 percent under their watch, so how is that "equally incompetent"? Where is the current administration attempt to adjust fuel tax to current market prices? Now go ahead and perform your usual Carib dance to support the incompetency of current government. 

Do you know the difference between a sakawinki monkey and a parrot? Hint..it has nothing to do with piwari and cassava bread.

And how much has the cost of oil dropped since then?

Looking forward to you telling us what an excellent job the PPP did with sugar, and how brilliant they were in concentrating rice exports into the hands of a belligerent nation, which under their watch committed numerous acts of hostility against Guyana.  Guyana has lost preferential access and guaranteed prices for sugar and rice into the EU. What was the PPPs response.

I mean you all scream that the PPP were brilliant managers.  I have been very vocal in my position that APNU/AFC have not been brilliant.  I have said that there were dunces BEFORE the election, and my position still stands.

So the onus is on YOU to prove your point.  YOU are the one who defends incompetence for racial reasons. I don't.

Would that be in addition to a tax on rotie?

Taxes   are set arbitrariily. Also, the US does not reduce tax on gas because price falls. The tax falls precisely because it is less to tax.

The previous administration bartered oil for rice. The price they set on par with market prices had in large margins. They kept it. When price fell, they were obliged to lower their price and they did so temporarily.

Presently, prices are pegged at market prices and oil are bought in direct transaction.  They do not have the margins as the previous administration. The reduction is already built in as will the increase if prices go up

What oil profits?  None before 2021.

Who wins the 2020 elections got money.

I think Bharat is a lucky SOB.

He ride out the mess as the Government continue to make elementary mistakes in an economy in the dustbin.

Who put the economy in the dustbin - Bharat.

Who got to tek it out?  Bharat.

2020 elections will be sweet sweet.

suh . . . u sign on officially fuh PPP 2020 yet?

I don't think the US has a government control 'Guyoil' theres the difference, the US government is not in the same position to set prices and pocket the profits. I can only stress whats reality - fuel prices not only in US all over the Caribbean is at an all time low. Guyana with like any other commodity mirrors the US, when oil prices climb they were matching prices on the dime now gas dip below 2.00 but consumers are still paying US5.00 per gallon. 

They can continue to fill their pockets rationalizing they can because the PPP did it but I can tell you this as a rice farmer - if they continue to deny rice farmers market prices on diesel they are only shooting themselves in the foot....  

I was giving a comparison. The tax is a percentage of price and the price is set by the market. The tax is for specific expenditures. One does not lower the tax because prices fall. One would lower the tax, maybe, if prices are too "taxing".

Guyana buys oil at market prices and have to sell at a margin. I do not know the purchasing price and transportation costs but that is what you need to speak to. Since Guyoil is a monopoly and that monopoly exists because of the oil for rice system there is no need for it. That is what the ask should be not for cheaper oil from a government monopoly. The market should be liberalized.

All I was saying is that with the petrocarbide deal grounded in the rice barter system the government had lots of margin to lower prices. The present regime does not given costs are higher. The price with the petrocarbide deal cannot be compared to now. But you are right, 5 dollars appears a bit steep but consider europe is paying around 6 dollars.

Sooo Whats your excuse for defending incompetence? Who give hoot if its racist or not. Bottom line you are different Baseman and others you accuse of indo KKK - PNC rig election = right for PPP to deny LGE, PPP use government control Guyoil to set prices and rake in profits = to [according to you] same rights for the current regime. Are you now a black KKK in the making?... 

1.  The PNC didn't rig the election in 2015.  Guyanese voted AGAINST the PPP, just as they did in 2011.  How can the PPP have been the sitting gov't and allowed rigging AGAINST them to occur?

2.  All of this PPP screaming is hypocrisy and motivated by racism.  The PPP was incompetent, corrupt and racist.  They were INEFFECTIVE in dealing with Venezuela, and furthermore mortgaged the rice industry to the ramblings of a lunatic.

Other Caribbean countries can play footsie with Maduro as he has no claims on them. For the PPP to have fallen for this scam is pure FOOLISHNESS.

3.  I have had lots to say against APNU/AFC terms of the pay increase, as well as in terms of their lack of transparency, coherency, and innovativeness in managing Guyana. I DO NOT support a party because of race. YOU DO!

I suggest that you look at many of my exchanges with redux since the beginning of this year, and you will see that I can be very critical of APNU/AFC when I see fit.