Published in Paperback – Jan. 5 2021 – by Terence M Yhip Guyana’s initial discovery of approximately 9 billion barrels of recoverable oil offshore now puts the country squarely on the precipice of economic prosperity for decades to come. But will that happen? Guyanese are asking themselves if their country is ready to manage the oil money, wisely and productively.. They look at many hydrocarbon-rich rich countries in the region and elsewhere and they don’t like what they see. Far from befitting from the oil wealth, the countries are mired in political chaos, corruption and economic stagnation. Many countries, such as Trinidad and Tobago (sister CARICOM state), face depletion of oil and gas reserves by the end of this decade or so, but their economies are more dependent than ever on the energy sector, hammered by low energy prices..
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