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Posted on 05/31/2026 7:28:30 PM PDT by Red Badger
HOUSTON/GEORGETOWN, May 30 (Reuters) - Guyana was already the world’s fastest growing economy before the U.S.-Israeli war on Iran drove up oil prices. Now, the tiny Caribbean nation of nearly 1 million people will reap an even bigger bonanza as the conflict reshapes global energy markets.
The war that caused one of the largest energy disruptions in history highlights the growing importance of countries including Guyana that offer political stability and geographically unrestricted access to their estimated 11 billion barrels of oil reserves. This growing windfall from crude brings pressure from business owners and locals on the government to use its billions of dollars to boost other parts of the economy.
“The world has seen too many energy booms that left behind ghost towns, depleted forests and bitter populations. Guyana will not be that story,” President Irfaan Ali said in an address at Rice University’s Baker Institute this month.
Rapid development by an Exxon Mobil-led (XOM.N), opens new tab oil consortium, which controls all of Guyana's oil production, grew output to over 900,000 barrels per day in just seven years, a pace without recent precedent as offshore projects can typically take twice as long just to produce the first drop of oil. Guyana's GDP more than quadrupled to $27.5 billion between the time the taps started flowing in 2019 to 2024, according to World Bank data.
Guyana was previously one of the poorest countries in South America and oil-fueled growth can be seen across the capital of Georgetown, where construction is taking place on new modern office buildings, upscale hotels and rows of single-family homes that resemble those that could be found in U.S. suburbs. Exxon billboards and ads for other petroleum companies play on the radio, serving as reminders for the industry that helped enable the growth.
(Excerpt) Read more at reuters.com ...
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Right before Nicolás Maduro was captured, Venezuela was preparing to invade Guyana over one of the world’s largest offshore oil discoveries. US special operations forces moved in before the conflict could spiral into a regional war/humanitarian crisis
x.com ^ | May 20, 2026 | Joshua Philipp @JoshJPhilipp
Posted on 5/20/2026, 7:24:25 PM by ransomnote
AwakenedOutlaw reposted
Joshua Philipp
@JoshJPhilipp
·
7h
President Trump prevented a major war in South America.
Right before Nicolás Maduro was captured, Venezuela was preparing to invade Guyana over one of the world’s largest offshore oil discoveries.
US special operations forces moved in before the conflict could spiral into a regional war and humanitarian crisis that would have sent waves of migrants across the region.
And somehow, the mainstream media barely wants to talk about it.…
Their fields aren’t that big. Maybe 11 billion barrels. There could be more to be found but I wouldn’t quit yer day job.
They will find more................
Typically, the biggest fields are found first. Monte Carlo distribution.
I shouldn’t poopoo their newfound wealth for their country. They will still have twenty years or so of flush production.
There’s a lot of jungle down there.............
Are the people of such a type that they will pick leaders that will develop the resources to benefit the people, either directly or indirectly? If so, then good for them. If not, there will be no benefit to them.
There’s a lot of wealth being created. Leftist grifters will soon move in to grab their share.
The production is offshore.
They should give the people a cut of the profits. ‘Trump accounts’ . Make them like Roth IRA’s. That will lock them into the American way.
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