Guyana, one of South America's poorest countries, struck oil. Will it go boom or bust?
- Written by Anthony T. Bryan, Professor of International Relations, The University of the West Indies: St. Augustine Campus
Today, Guyana is one of South America’s poorest countries, with an average per capita annual income of around US$4,000.
But within the decade, it could be among the richest. In 2015, ExxonMobil and its international partners discovered vast oil reserves off the Caribbean coast of this small country. By 2018, five new wells will be pumping out...
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