Daily Archive for March 22nd, 2017

Guyana on the Brink of an Oil Bonanza

By Stephen Kangal
March 22, 2017

Stephen KangalAll Caribbean peoples living at home and in the diaspora will exult with their mainland Guyanese counterparts over the successful 100,000 bpd discoveries of oil by Exxon Mobil off-shore of Guyana. The sub-regional oil balance will be tilted in favour of Guyana. T&T’s 100-year exploitation of oil and the current sub-regional supply monopoly is in steady decline. It was only aggravated by the Petro-Caribe initiative of former Venezuelan President Chavez targeted on Caricom countries former markets of Petrotrin totaling 60,000 bpd.
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