Dear Editor,
THE Opposition Leader has lost all relevance in the eyes of his supporters. Rather than being the biggest critique of this government by identifying potential flaws and shortcomings among policy decisions, etc…, it is evident that he, as the leader, is completely oblivious to and ignorant of how to keep this government in check.

His recent call for the Vice-President to use the newly introduced PSA as the foundation of the re-negotiation strategy is ludicrous and insulting to every right-thinking Guyanese. We all know that one cannot simply retrospectively apply a newly introduced piece of legislation.

The new PSA is for all future arrangements and not the past. The VP’s reluctance to re-negotiate is not because he “has no intention to defend the interest of the people of Guyana,” but because it would be ludicrous to force re-negotiation when there is no ground to do so.

A re-negotiation cannot simply occur because one party of the agreement suddenly decides they need a larger share of the pie. These arrangements/contracts are governed by international law.

Guyana, as a sovereign state, can force re-negotiation, but it would be detrimental to our well-being. Not only will he have to go through an extensive bureaucratic arbitration process that would likely result in us compensating the operator for all their investments with interest, but no other international company would want to do business with us.

A collapse in FDI would lead to a decline in foreign revenue and jobs and possibly bring forth sanctions. With this, no amount of oil can save us.

Thank you,
Denis Williams