Guyana On Brink Of Unimaginable Oil Wealth: Is This Poor, Small Country Prepared?

IB Times ^ | 12/04/19 | Palash Ghosh

[Presbyterian Reporter]

"""But some observers worry that immense riches might not benefit Guyana, a country that has been notoriously corrupt and burdened by high rates of poverty and unemployment."""

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Not to worry, Venezuela will send their smartest Communists to Guyana to manage the new found wealth.

[cgbg]

Some pigs are more equal than others—thus it has always been, and thus it will always be.....

[C19fan]

I expect civil conflict as the different ethnic groups duke it out to get the spoils. The two biggest groups in Guyana are people descended from East Indians and slaves from African.

[C19fan]

Nigeria can send advisers on how to squander and steal the money.

[piasa]

Soros already has his eyes on a Guyanese antisemite who is popular down there.

Of course, Venezuela’s been wanting most of Guyana too.

Venezuela Invades Guyana to Block Exxon Mobil Oil Exploration
12/25/2018, 8:33:00 PM · by Rusty0604 · 82 replies
Breitbart ^ | 12/24/2018 | Frances Martel
The Venezuelan Navy illegally entered the waters of Guyana this weekend and forced a ship contracted by Exxon Mobil to conduct oil research in the area to vacate, The incident, which Guyanese authorities angrily denounced and vowed to bring to the attention of the United Nations, reignites a feud Venezuelan socialist dictator Nicolás Maduro began with the neighboring country in 2015, claiming as much as two-thirds of Guyana itself belonged to Venezuela. Guyana has repeatedly noted that Venezuela signed an agreement in 1899 on the territory in question and no disputes remain as to who owns that land. Exxon Mobil...

[Red Badger]

Now they won't have to rely on tourism....................

[hal ogen]

Over the years the US taxpayer likely has given the people/government there hundreds of millions of dollars. With their upcoming prosperity, will they be paying any of it back? I demand reparations!

[piasa]

Indeed, Guyana only has to look at neighboring Venezuela to see the damage that poorly managed oil wealth can do.

That damage wasn't done by oil wealth it was done by communists.

[Rebelbase]

Old stomping grounds?

[PGR88]

I’ve read somewhere that Amish and Mennonites, who went there from the USA in the last century, own nearly all the farmland there.

[Sequoyah101]

Suriname will likely follow the same pattern. Just give it a little time. That whole region of plate collision reeks with oil and gas.

[BuffaloJack]

As I recall, the official language in Guyana is English.

[_Jim]

What are they doing - slant drilling under Venezuela?

[notdownwidems]

Great now they will be able to afford to reopen Devil’s Island...maybe we can send all our U.S. commies there!

[hanamizu]

Not to worry, Venezuela...

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Venezuela, I believe thinks that Guyana should belong to them. A couple of years ago they were making noises about marching in.

[Socon-Econ]

When people become too accustomed to free wealth, they turn into communists and their promises of free everything.

[marktwain]

Sounds like a good time to open a car dealership in Guyana...

[FreedomPoster]

Seems not-unlikely.

[Verginius Rufus]

Tiny nation? Larger than Kansas and just slightly smaller than Great Britain.

[Vigilanteman]

Yes, indeed. Former name was British Guiana who ruled the colony from 1796 until independence.