Free Republic

Venezuela is sending troops to its border with neighboring Guyana as tensions continue to escalate over a territorial dispute, raising the risk of a military conflict between the two South American nations. According to a report from The Wall Street Journal citing satellite images and videos made public by the country's military, Venezuelan forces have stationed troops, tanks, missile-equipped patrol boats, and an armored carrier at its border with Guyana. The dispute comes as Venezuela attempts to annex the region of Essequibo, where the country's socialist dictator Nicolas Maduro has said he plans to “grant operating licenses for the exploration...

Despite the dire predictions of peak oil demand, which will is expected to arrive during the next decade as the world transitions to a low-carbon economy, international energy companies are investing heavily in fossil fuel exploration and production. One region which has caught the world by surprise and is attracting significant attention is the Guyana-Suriname Basin. A swathe of world-class discoveries by ExxonMobil in offshore Guyana sparked considerable interest in the Guyana-Suriname Basin, which after poor drilling results during the 1960s and 1970s saw it largely ignored by energy companies. Recent discoveries with estimated recoverable oil resources of more than...