The Guyana government’s push to leverage its oil wealth for critical infrastructure is a “sensible approach,” says Sir Paul Collier, Professor of Economics and Public Policy at the Blavatnik School of Government, University of Oxford.
The world-renowned economist noted during an episode of the Energy Perspectives podcast that oil does not last forever; therefore, Guyanese authorities are making the right decision by investing in durable assets on the ground. He emphasized that any shift toward heavy subsidization of consumption would be a mistake.