This Is the World’s New Top Producer of Crude Oil

Suh what that mean we have to suck up to Russia,

lots of oil in South America.

Django posted:

Suh what that mean we have to suck up to Russia,

lots of oil in South America.

It means that Oil will become no more profitable than sugar.  Good Luck Guyana. We jinx everything we touch. 

Django posted:

Suh what that mean we have to suck up to Russia,

lots of oil in South America.

It does not mean that you have to suck up to Russia but they have become the world's largest oil producer and it changes the oil game. 

Billy Ram Balgobin posted:

Django posted:

Suh what that mean we have to suck up to Russia,

lots of oil in South America.

It means that Oil will become no more profitable than sugar.  Good Luck Guyana. We jinx everything we touch. 

Billy,i read in an article,Exxon taking 75% for investment and the 25% will split evenly between Guyana and Exxon,calculated per barrel.

Suh Guyana getting 12.5% per barrell @ 100,000 per day that's lot of $$$

"Saudi Arabia has once again been overtaken in December as the world's top crude oil producer."

For one month, and suddenly the whole GNI blow up

Citing figures from the Joint Organization Data Initiative, Bloombergreports that first place now falls to Russia, which produced on average 10.49 million barrels of oil a day in December. By contrast, the average daily volume of oil extracted from Saudi oil fields in December stood at 10.46 million barrels.

So Trump is friends with the No. 1 and the No. 2 top oil producers in the world.  You see sense deh!!

They need to be concerned about the world's top oil exporter, which is still Saudi Arabia by a wide margin. The Saudis seem to have a blank cheque to do what ever they want because of their oil exports and American investment in Saudia Arabia. 

The US needs to be nice to Canada also because Canada is one of America's, if not the largest supplier of crude oil. 

Guyana still has a card to play and it better than oil. Gold. Guyana need to build a gold refinery and mandate all Guyana gold must be processed there.

Django posted:

Billy Ram Balgobin posted:

Django posted:

Suh what that mean we have to suck up to Russia,

lots of oil in South America.

It means that Oil will become no more profitable than sugar.  Good Luck Guyana. We jinx everything we touch. 

Billy,i read in an article,Exxon taking 75% for investment and the 25% will split evenly between Guyana and Exxon,calculated per barrel.

Suh Guyana getting 12.5% per barrell @ 100,000 per day that's lot of $$$

If they are taking 75% of the profits and an additional 12.50% then that obviously leaves us with 12.50%.  You should ask yourself the following questions:

1) What will oil price projected to be in 2020?

2) What will be our cost of production per barrel? 

3) How much profits can we make and how much of 12.50% translate to be?

RiffRaff posted:

Citing figures from the Joint Organization Data Initiative, Bloombergreports that first place now falls to Russia, which produced on average 10.49 million barrels of oil a day in December. By contrast, the average daily volume of oil extracted from Saudi oil fields in December stood at 10.46 million barrels.

Increase in Russian production helps to keep oil price low.  That does not help oil producing countries, including Russia itself at this time. 

Oh laaard.  That turmeric factory starting to look good all of a sudden.  Maybe it's time to invest in masala brick production to grind the turmeric!!

Prashad posted:

Guyana still has a card to play and it better than oil. Gold. Guyana need to build a gold refinery and mandate all Guyana gold must be processed there.

Government must provide cheap electricity and friendly tax laws to encourage more investments.  Confidence in the economy has been eroding steadily for the last year and the situation is getting grimmer.  Calls by the private sector for the government to change its policies have met stiff resistance.  We have a political crisis and an economic crisis that are hindering growth and development. TIME FOR CHANGE!!

Bibi Haniffa posted:

Oh laaard.  That turmeric factory starting to look good all of a sudden.  Maybe it's time to invest in masala brick production to grind the turmeric!!

Turmeric is to help relieve the pain people are feeling from this government.

Billy Ram Balgobin posted:

 

If they are taking 75% of the profits and an additional 12.50% then that obviously leaves us with 12.50%.  You should ask yourself the following questions:

1) What will oil price projected to be in 2020?

2) What will be our cost of production per barrel? 

3) How much profits can we make and how much of 12.50% translate to be?

Django posted:

Billy Ram Balgobin posted:

 

If they are taking 75% of the profits and an additional 12.50% then that obviously leaves us with 12.50%.  You should ask yourself the following questions:

1) What will oil price projected to be in 2020?

2) What will be our cost of production per barrel? 

3) How much profits can we make and how much of 12.50% translate to be?

Oil Price Forecast 2020 and 2040. By 2020, the average price of a barrel of Brent crude oil will rise to $79/b (in 2015 dollars, which removes the effect of inflation). Shale oil production will slow after 2021. This will contribute to a decline in total U.S. oil production through 2040.5 days ago

Crude Oil Prices Predictions - The Balance

https://www.thebalance.com/oil-price-forecast-3306219

---

 

The above is future cost for oil per barrel.

 

From the arrangement i am not aware there are any cost to Guyana.

 

Assume Exxon will pump 100,000 barrels per day by 2020 at 12.5 %

the price per barrel you can derive the $$

If countries with established oil industry are suffering due to the fall in oil price how can we be so confident that it will heal all of our economic woes?  The Saudis are imposing taxes on their people and are in a hurry to diversify their economy and making it less dependent on oil.  They have already planned to invest $50 billion in solar and wind. Guyanese should not neglect other export industries and place all their faith in oil.  It's not going to pan out well. 

Billy Ram Balgobin posted:

 

If countries with established oil industry are suffering due to the fall in oil price how can we be so confident that it will heal all of our economic woes?  The Saudis are imposing taxes on their people and are in a hurry to diversify their economy and making it less dependent on oil.  They have already planned to invest $50 billion in solar and wind. Guyanese should not neglect other export industries and place all their faith in oil.  It's not going to pan out well. 

Well depending on oil alone will not cut it,they need to think outside the box and start manufacturing and produce more food products,they importing too much junk food in the country,the resources are there utilize it,63% of the economy is in services.

They also need to tap in the Export market for Agricultural food products.

I purchase "ochro" yesterday came from Guatemala.

Django posted:

Billy Ram Balgobin posted:

 

If countries with established oil industry are suffering due to the fall in oil price how can we be so confident that it will heal all of our economic woes?  The Saudis are imposing taxes on their people and are in a hurry to diversify their economy and making it less dependent on oil.  They have already planned to invest $50 billion in solar and wind. Guyanese should not neglect other export industries and place all their faith in oil.  It's not going to pan out well. 

Well depending on oil alone will not cut it,they need to think outside the box and start manufacturing and produce more food products,they importing too much junk food in the country,the resources are there utilize it,63% of the economy is in services.

They also need to tap in the Export market for Agricultural food products.

I purchase "ochro" yesterday came from Guatemala.

You should be seriously concerned about rice and sugar. Making these industries efficient is the answer. Abandoning for political reasons will be disastrous for the economy. Don't forget the past.

Billy Ram Balgobin posted:

Django posted:

Billy Ram Balgobin posted:

 

If countries with established oil industry are suffering due to the fall in oil price how can we be so confident that it will heal all of our economic woes?  The Saudis are imposing taxes on their people and are in a hurry to diversify their economy and making it less dependent on oil.  They have already planned to invest $50 billion in solar and wind. Guyanese should not neglect other export industries and place all their faith in oil.  It's not going to pan out well. 

Well depending on oil alone will not cut it,they need to think outside the box and start manufacturing and produce more food products,they importing too much junk food in the country,the resources are there utilize it,63% of the economy is in services.

They also need to tap in the Export market for Agricultural food products.

I purchase "ochro" yesterday came from Guatemala.

You should be seriously concerned about rice and sugar. Making these industries efficient is the answer. Abandoning for political reasons will be disastrous for the economy. Don't forget the past.

Sugar is dead, their cost is almost twice the world market prices,they should focus on by products refined Sugar,Molasses,Alcohol and Ethanol.They had a few Distilleries all gone,DDL is the only producer of Alcohol.

Rice is in the farmers hand they have to increase production to cut cost to compete with World prices,Gov't can assist by reducing taxes on fertilizers,pesticides and Machinery.

Me thinks the Marketing of Rice should be in Private Hands also Guysicko should be sold.

Django posted:

Billy Ram Balgobin posted:

Django posted:

Billy Ram Balgobin posted:

 

If countries with established oil industry are suffering due to the fall in oil price how can we be so confident that it will heal all of our economic woes?  The Saudis are imposing taxes on their people and are in a hurry to diversify their economy and making it less dependent on oil.  They have already planned to invest $50 billion in solar and wind. Guyanese should not neglect other export industries and place all their faith in oil.  It's not going to pan out well. 

Well depending on oil alone will not cut it,they need to think outside the box and start manufacturing and produce more food products,they importing too much junk food in the country,the resources are there utilize it,63% of the economy is in services.

They also need to tap in the Export market for Agricultural food products.

I purchase "ochro" yesterday came from Guatemala.

You should be seriously concerned about rice and sugar. Making these industries efficient is the answer. Abandoning for political reasons will be disastrous for the economy. Don't forget the past.

Sugar is dead, their cost is almost twice the world market prices,they should focus on by products refined Sugar,Molasses,Alcohol and Ethanol.They had a few Distilleries all gone,DDL is the only producer of Alcohol.

Rice is in the farmers hand they have to increase production to cut cost to compete with World prices,Gov't can assist by reducing taxes on fertilizers,pesticides and Machinery.

Me thinks the Marketing of Rice should be in Private Hands also Guysicko should be sold.

Django, why waste time talking garbage here? Why can't govt assist? Why they assist niggroes with electricity subsidies in Linden? The niggroes in Linden are welfare folks, produce nuttin'. Why reward lazy niggroes? Reward the people who produce something to feed the nation. Please see beyond your nose and lips.

skeldon_man posted:

Django posted

 

Sugar is dead, their cost is almost twice the world market prices,they should focus on by products refined Sugar,Molasses,Alcohol and Ethanol.They had a few Distilleries all gone,DDL is the only producer of Alcohol.

Rice is in the farmers hand they have to increase production to cut cost to compete with World prices,Gov't can assist by reducing taxes on fertilizers,pesticides and Machinery.

Me thinks the Marketing of Rice should be in Private Hands also Guysicko should be sold.

Django, why waste time talking garbage here? Why can't govt assist? Why they assist niggroes with electricity subsidies in Linden? The niggroes in Linden are welfare folks, produce nuttin'. Why reward lazy niggroes? Reward the people who produce something to feed the nation. Please see beyond your nose and lips.

You r@ss need duh, i differ from you we need to get pass Black and Coolie,abhee time and abhee pun tap.

Django posted:

Billy Ram Balgobin posted:

 

If countries with established oil industry are suffering due to the fall in oil price how can we be so confident that it will heal all of our economic woes?  The Saudis are imposing taxes on their people and are in a hurry to diversify their economy and making it less dependent on oil.  They have already planned to invest $50 billion in solar and wind. Guyanese should not neglect other export industries and place all their faith in oil.  It's not going to pan out well. 

Well depending on oil alone will not cut it,they need to think outside the box and start manufacturing and produce more food products,they importing too much junk food in the country,the resources are there utilize it,63% of the economy is in services.

They also need to tap in the Export market for Agricultural food products.

I purchase "ochro" yesterday came from Guatemala.

You went till to Guatemala to buy ochro?  Liberty Avenue gat nuff.