With optimism high about oil and gas production in Guyana being inevitable and much talk about the tremendous economic benefit this can bring to Guyana, many may be disappointed to learn that, according to sources, the country will receive less than 12 per cent of oil revenue when production starts within the next few years.According to sources, Guyana’s chunk of any oil revenue was pegged at less than 12 per cent. ExxonMobil anticipates it will begin pumping oil by 2020 – about 100,000 barrels per day in the initial stages.The Government was expected to renegotiate the exploration contract with ExxonMobil, but what is not known is if this 12 per cent is what was agreed to initially when this contact was inked 17 years ago or what was derived from the renegotiation process.When contacted, Natural Resources Minister Raphael Trotman said he was travelling in an emailed response and did not respond to Guyana Times’ follow-up email for a comment on the issue.In July, Finance Minister Winston Jordan had insisted that he requested a review of the contract with ExxonMobil, since this was Government’s way of ensuring that Guyana got the best possible deal from the extraction of oil when production began.“At the end of the day… you have to say whether we are doing what is best for the interest of the national population and I can tell you we are indeed doing that. A 2009 agreement or 2006 agreement or whenever the agreement was originally made was at a time when there was no discovery of anything, now there is oil,” Minister Jordan had said.While there has been much talk from the Government about the potential of oil revenues to transform Guyana, there has been very little information on what exactly is the Government’s share of the earnings.Already Guyanese were told not to expect too many jobs in the oil and gas industry here, as most of the jobs will be for foreigners with the requisite expertise.On May 20, 2015, ExxonMobil announced a significant oil discovery in the Stabroek Block with its Liza 1 well hitting more than 295 feet of high-quality oil-bearing sandstone reservoirs. Then, there was a second announcement in June 2016 that the drilling results from the Liza 2 well, the second exploration well in the Stabroek Block, located some 120 miles offshore Guyana, confirmed a “world-class discovery” of oil with a recoverable resource of between 800 million and 1.4 billion oil-equivalent barrels. Exxon’s Liza 3 well was spud last month and that result is expected in coming weeks.ExxonMobil Corp was recently fined a whopping US$74 billion for underpaying royalties in the central African nation of Chad where the company has been drilling for 15 years.According to international reports on the mega fine by Chad courts, the amount is about five times more than that country’s Gross Domestic Product, which the World Bank estimates at US$13 billion. The High Court in the capital, N’Djamena, announced its ruling on October 5 in response to a complaint from the Chad Finance Ministry that a consortium led by ExxonMobil had not met its tax obligations. The court also demanded the Texas-based oil giant pay US$819 million in overdue royalties.
APOfficials deliver water to an holding area for residents waiting to be evacuated, Friday, Aug. 25, 2017, in Corpus Christi, Texas. Harvey intensified into a hurricane Thursday and steered for the Texas coast with the potential for up to 3 feet of rain, 125 mph winds and 12-foot storm surges in what could be the fiercest hurricane to hit the United States in almost a dozen years.(AP Photo/Eric Gay)After days and days of flooding from Tropical Storm Harvey and no end in sight, the Federal Emergency Management Agency (FEMA) has compiled a list of essential information for those impacted by the storm. To apply for FEMA aid, they recommend: Quickest way to register is DisasterAssistance.gov Or call 1-800-621-FEMA (3362)To make sure that friends and family know you’re safe, FEMA recommends visiting safeandwell.communityos.org/cms/. If you need help and are in a situation that is not life threatening you can contact the Red Cross by calling 211. Shelters can be found by searching the Red Cross website, you can also call 1-800-RED-CROSS and for those shelters in Houston call 713-426-9404. To report a missing child, FEMA recommends that you contact the Nation Center for Missing and Exploited Children at 1-866-908-9570.More specifically for those in Harris County there are a number of resources available. If you’re looking to volunteer your time to help those in need, you can contact the virtual volunteer office with the Harris County Office of Emergency Management at readyharris.org. If you need rescue within the Houston area, call 713-881-3100 and you can call the Coast Guard Rescue at 281-464-4851, *4852, *4853, *4584, *4855For those who have had to abandon their cars and will need to locate them after the flooding stops, the number to call is 713-308-8580 or go to findmytowedcar.com.As the events of the last few days takes its toll on folks, for those who wish to talk to a professional who can help you cope with emotional distress from the storm call the Disaster Distress Helpline at 1-800-985-5990 or text “TalkWithUs” to 66746.Other General InformationVolunteering statewide, register at www.NVOAD.orgLooking for contractors to help with your home go to www.fema.gov/about-industry-liaison-program or Google “FEMA Industry”. For independent drivers/haulers:· Coyote Logistics, or call 877-6-COYOTE 877-626-9683For group drivers/haulers:· www.GSA.gov or call, 1-844-GSA-4111 1-844-472-4111For FEMA Registration call 1-800-621-3362/TTY: 800-462-7585 Share
Naturally, joking serves a purpose — it provides psychological distance from negative feelings like shame or anxiety. A study of 105 wheelchair-bound college students found that humor, especially concerning bladder and bowel problems, was a key method of coping with distress. As one respondent said, “We have to laugh at ourselves to make life easier.” Read the whole story: The New York Times Publicly laughing at your toddler’s distress has somehow become not only acceptable but encouraged. Websites offer “best of”compilations, or canned quips readers can use when posting tantrum photos and videos (“Metallica has a new lead singer”). As psychologists and parents ourselves, we understand the urge to laugh when a child howls because he’s forbidden to eat the packing peanuts from the Amazon box, and we also understand the impulse to make these moments public. The problem is the mockery. What should a parent do when a 2-year-old shrieks inconsolably because her string cheese wrapper tore “the wrong way”? Increasingly, the answer is “snap a photo, add a snarky caption and upload it to Instagram.”