Dear Editor,
Many Comrades have spoken on the path taken to where we are today. Many have also complained about the bad deal with Exxon and the wasteful approach being taken in the industry. It is important to remember that stealing from those who have stolen from you is not a justifiable act.
If we reflect upon the nationalisation that took place in our recent post-independence history, it becomes pellucid that many foreign investors lost their investments and would consider what occurred to be the equivalent of theft. Now it feels as though tables have turned and the iniquity of the PNC of the past is now returning upon our country.
Many consider what occurred to be a selfish act in the signing of a very bad oil deal in return for personal and family gains. If so, this is but a continuation of the robbery of the national treasury. What is evident is the attempted seizure of power during the last election. If this would have occurred, and based on the evident corruption that is being uncovered, coupled with the personal sanctions put in place, those involved most probably would have further capitalised on the opportunity to take from what rightfully belongs to all Guyanese. This speaks volumes of the immoral and low stature of those individuals.
The PPP has to now balance the history of the PNC robbing investors and creating national instability, which increases country risk, with the desire for a fair oil deal. This is best approached with clean hands. More specifically, the annual performance review built into the contract allows for the discussion and improvement of contract terms. Also, it is important to exercise where possible the option to slow down the expansion of drilling operations until obtaining a balanced agreement. Our citizens know the difficult history that we must overcome when dealing with foreign investors and being patient yet exhaustive in our negotiations continues to be necessary.
Many successful national and corporate leaders are of the opinion that an open mind is needed to be successful in an ever-changing global environment. This too we must embrace to be successful in uplifting our country beyond the obvious and somewhat flawed development undertaken by many nations in the past.
Best regards,
Jamil Changlee
