OGGN's Flawed Analysis
A recent critique by the Oil and Gas Governance Network (OGGN) has sparked a response to address their misinterpretation of Guyana's oil and gas fiscal outcomes.
The OGGN took issue with a statement made by ExxonMobil Guyana's Country Manager, who claimed that the company remains in a negative position on its investment in Guyana.
the company remains in a negative position on its investment in Guyana
The OGGN sought to disprove this claim by pointing to the reported profits of the oil companies, but their analysis is catastrophically flawed.
The author had no intention of diverting public attention to the OGGN, but felt compelled to respond to their daily propagation of nonsensical analysis in the mainstream media.
Author's Summary
OGGN's analysis of Guyana's oil investment is flawed and misinterprets the economics.
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