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US helping Guyana write rules to govern multibillion $$$ transactions – Huffington Post

January 19, 2017

ExxonMobil to get 60-65% profits

Rex Tillerson, the former Chief Executive Officer (CEO) of ExxonMobil, is now a threat to Guyana’s oil and gas industry as he takes up the post of United States Secretary of State later this month, since he essentially will be writing the rules that will govern the US multibillion-dollar transactions between the two countries, given his connection to the US-based oil giant.
In fact, the internationally renowned Huffington Post recently argued that were Tillerson to take up the post of US Secretary of State, he was inarguably poised to position ExxonMobil to further benefit from the Guyana oil find – using the law.

The Huffington Post article outlines the fact that in the face of the huge oil find by ExxonMobil offshore Guyana, the country has no real framework for regulating multi-national oil companies like Exxon.
The article, titled “Conflict: Tillerson would write the rules for Exxon’s major oil find in Guyana”, was written by Jesse Coleman, who the publication listed as a researcher and writer for Greenpeace USA following fracking, the oil and gas industry, and corporate power in politics.
The Huffington Post article said Guyana’s foreign partners stood to earn 60 to 65 per cent of profits, a far larger share than what more established nations are willing to offer investors.
This makes Guyana a much larger and economically important find than Exxon’s holdings in Russia, at least in the near term.
According to the US-based news agency, the Guyanese Government faces the prospect of regulating a company with an annual profit margin that is over five times larger than the country’s annual Gross Domestic Product (GDP).
“With no technical expertise in offshore oil drilling and no experience handling super-powered corporations, Guyana faces the real possibility of suffering the resource curse, in which a place with massive resource wealth is pillaged and left for broke by bad management and predatory colonial practices.”
The article outlines too that the US State Department has recognised this dilemma and under Secretary Hillary Clinton, set up a programme called the Energy Governance and Capacity Initiative (EGCI).
The programme aims to both promote fossil development and prevent the “resource curse” by providing “independent oversight” of the oil and gas industry in nascent oil states.
The programme is currently helping the Guyanese Government write profit-sharing agreements, environmental regulations, and develop a strong rule of law to counterbalance corporate power.
According to the Huffington Post article, “There is righteous critique of this from people who say the main outcome of such a programme would be to help Exxon profit from Guyana’s resources under the patina of rule of law…While that critique may have been valid while Hillary Clinton was Secretary of State, it will be an inarguable fact if Rex Tillerson assumes the Secretaryship.”
Efforts by this newspaper to contact current Natural Resources Minister Raphael Trotman were futile.
Meanwhile, the Huffington Post article further observed, “It seems unlikely, bordering impossible that Tillerson would, or even could, recuse himself from his conflicted role.”
It was outlined that in his nomination hearing, Tillerson said he would recuse himself for one year from carrying out foreign policy that deals directly with ExxonMobil.
“Considering Exxon has dealings in nearly a third of the world’s countries, a strict adherence to this promise would cripple the State Department…Tillerson’s worldview will be responsible for prioritising environmental and profit-sharing regulations affecting Exxon.”
According to the Huffington Post piece, “The unavoidable outcome of this is friendlier rules for Exxon, rules that prioritise production over the environment and corporate comfort over social justice.”
The news of the looming conflict of interest scenario when the former ExxonMobil CEO takes up the post of US Secretary of State comes on the heels of a denial of accusations that the oil giant was, in fact, a financier of the David Granger-led coalition A Partnership for National Unity/Alliance for Change (APNU/AFC) campaign.

Replies sorted oldest to newest

NehruBig Mouth Member

Tillerson is the President of Guyana. The Rice farmer who said Guyana is not Independent know exactly what he is talking about. Colonization sought and accepted by the PNC!!

1/19/173:01 PM

ChiefSenior Member

Where are Yugi, Bibi , Cobra and the rest of the Ppp crew who are worshipping Trump and Tillerson?

Kick up their ass!

1/19/173:09 PM

Bibi HaniffaGNI Queen

Tillerson is qualified to write the rules. Granger is not.

1/19/173:40 PM

Billy Ram BalgobinBilly

I believe this whole thing started with Obama

1/19/173:44 PM

Bibi HaniffaGNI Queen

Exxon getting 65% of the profit. Of the remaining 35%, Grangie, Trotie, and Harmie getting 30% - newest billionaires on the Stabroek block. Rumjhaat, Moses, and the rest of the Guyanese people getting food riots like Venezuela and kidnappings like Nigeria. Oil rich and Dirt poor.

1/19/173:47 PM

DjangoAdmin

Looks like the PPP will be in opposition for a while,no oil money for them,

Granjah and crew will reap the benefits.

1/19/173:52 PM

Bibi HaniffaGNI Queen

Django posted:
Looks like the PPP will be in opposition for a while,no oil money for them,
Granjah and crew will reap the benefits.

I hope yuh boys throw you a lil bone under the table to chew on. You wuk pra pra hard for them.

1/19/173:54 PM

NehruBig Mouth Member

Django posted:
Looks like the PPP will be in opposition for a while,no oil money for them,
Granjah and crew will reap the benefits.

You are indeed STUPID, being gleeful at the destruction and enslavement of the Guyanese people. Parasites like you do not belong in the human world!!!!!!!!

1/19/173:56 PM

DjangoAdmin

Bibi Haniffa posted:
Django posted:
Looks like the PPP will be in opposition for a while,no oil money for them,
Granjah and crew will reap the benefits.
I hope yuh boys throw you a lil bone under the table to chew on. You wuk pra pra hard for them.

Nah i am ok,don't need it born poor and will stay poor.

1/19/174:02 PM

Former Member

Bet if ppp was in powe, some of you would not be so critical. It's all about who in charge

1/19/174:03 PM

Bibi HaniffaGNI Queen

If PPP was in power it woulda been 50/50. Not 65/35. Instead of 3 billionaires you woulda get about 5. Or maybe 6!!!!

1/19/174:05 PM

NehruBig Mouth Member

RiffRaff posted:
Bet if ppp was in powe, some of you would not be so critical. It's all about who in charge

I am surprise at such Bullshit from you.!!!!!

1/19/174:05 PM

kpHonorary Member

Django posted:
Looks like the PPP will be in opposition for a while,no oil money for them,
Granjah and crew will reap the benefits.

You prapa happy, you get excited when coolie suffer. Since Mitwah is not here, are you the New PAID PNC advisor on GNI, you are displaying all the qualities.

1/19/174:06 PM

kpHonorary Member

The news of the looming conflict of interest scenario when the former ExxonMobil CEO takes up the post of US Secretary of State comes on the heels of a denial of accusations that the oil giant was, in fact, a financier of the David Granger-led coalition A Partnership for National Unity/Alliance for Change (APNU/AFC) campaign.

This from an American news paper. it must be true!!!

1/19/174:08 PM

DjangoAdmin

Nehru posted:
Django posted:
Looks like the PPP will be in opposition for a while,no oil money for them,
Granjah and crew will reap the benefits.
You are indeed STUPID, being gleeful at the destruction and enslavement of the Guyanese people. Parasites like you do not belong in the human world!!!!!!!!

Make up your mind,one minute alyuh saying they will rig election,USA and other countries backing them,all kind of Skvunts allyuh coming up with,

So it's coming from alyuh mouths,I say it AS IT IS listening to alyuh.

Then on top of it you blurting out nonsense.

1/19/174:09 PM

Bibi HaniffaGNI Queen

"Just five days after former military general David Granger was elected president of the South American nation of Guyana, unseating the country’s long-ruling leftist party, ExxonMobil made a big announcement."

1/19/174:14 PM

NehruBig Mouth Member

This FOOL really understand the ignorance and stupidity he writes here. What the hell! He is even more dumb and Stupid than I gave him credit for.

1/19/174:15 PM

Bibi HaniffaGNI Queen

kp posted:
The news of the looming conflict of interest scenario when the former ExxonMobil CEO takes up the post of US Secretary of State comes on the heels of a denial of accusations that the oil giant was, in fact, a financier of the David Granger-led coalition A Partnership for National Unity/Alliance for Change (APNU/AFC) campaign.

This from an American news paper. it must be true!!!

Why you think DAG sleepwalking his way through the Presidency? Pocket done full. Me wonder if them done set up the Swiss and Cayman Islands bank accounts too for the future Grangerlings.

1/19/174:17 PM

DjangoAdmin

Nehru posted:
This FOOL really understand the ignorance and stupidity he writes here. What the hell! He is even more dumb and Stupid than I gave him credit for.

Banna you should read what you write here,pause and read before clicking the reply button,you doan make any sense.

1/19/174:25 PM

kpHonorary Member

Bibi Haniffa posted:
kp posted:
The news of the looming conflict of interest scenario when the former ExxonMobil CEO takes up the post of US Secretary of State comes on the heels of a denial of accusations that the oil giant was, in fact, a financier of the David Granger-led coalition A Partnership for National Unity/Alliance for Change (APNU/AFC) campaign.

This from an American news paper. it must be true!!!
Why you think DAG sleepwalking his way through the Presidency? Pocket done full. Me wonder if them done set up the Swiss and Cayman Islands bank accounts too for the future Grangerlings.

They are living off OIL Advances and may even be broke before the oil start pumping.

1/19/174:26 PM

Billy Ram BalgobinBilly

Oil can save Guyana but it cannot save this government for very long. Their days in office are numbered.

1/19/174:39 PM

DjangoAdmin

Billy Ram Balgobin posted:
Oil can save Guyana but it cannot save this government for very long. Their days in office are numbered.

That's the spirit no anchoring,let there be cycles of Government.

1/19/174:42 PM

Former Member

Django posted:
Billy Ram Balgobin posted:
Oil can save Guyana but it cannot save this government for very long. Their days in office are numbered.
That's the spirit no anchoring,let there be cycles of Government.

With rigging, their days might be in the thousands.

1/19/174:43 PM

DjangoAdmin

skeldon_man posted:
Django posted:
Billy Ram Balgobin posted:
Oil can save Guyana but it cannot save this government for very long. Their days in office are numbered.
That's the spirit no anchoring,let there be cycles of Government.
With rigging, their days might be in the thousands.

You think suh,Harmun will be the new Kong.?

1/19/174:48 PM

Former Member

Django posted:
skeldon_man posted:
Django posted:
Billy Ram Balgobin posted:
Oil can save Guyana but it cannot save this government for very long. Their days in office are numbered.
That's the spirit no anchoring,let there be cycles of Government.
With rigging, their days might be in the thousands.
You think suh,Harmun will be the new Kong.?

Currently he is the new Kong.

1/19/174:55 PM

ChiefSenior Member

The good news is that America can take out the current Government if they misbehave.

God bless America!

All of you who are complaining are living in this great land of opportunity, if you do not like what America did, kick the PPP to the curb, then catch all you sorry asses back to Guyana.

1/19/176:29 PM

Former Member

I don't understand what's the fuss with oil . Citizens have no money to get .

the money will be spent on infrastructure that will be rebuilt every year- you want to be rich ... open a construction company.

GNI members can start by opening a business.

we can call it GNI construction , even Chief can deliver empty packages and get a fat check.

so ayo shut ayo rass and think how we can benefit and get rich

1/19/177:48 PM

cainTired old hippie

Bibi Haniffa posted:
"....ExxonMobil made a big announcement."

PPP LOST!

1/19/178:52 PM

cainTired old hippie

Imran posted
so ayo shut ayo rass and think how we can benefit and get rich

Been sayin ut fir years. Shut down Sugar use the land to grow 'erb.

1/19/178:56 PM

Former Member

Chief posted:
The good news is that America can take out the current Government if they misbehave.
God bless America!
All of you who are complaining are living in this great land of opportunity, if you do not like what America did, kick the PPP to the curb, then catch all you sorry asses back to Guyana.

Only if we are jihadis.

1/19/178:57 PM

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US helping Guyana write rules to govern multibillion $$$ transactions – Huffington Post

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