Guyana Commentary: Only Oil Matters to the Empire – by Rosaliene Bacchus

Only Oil Matters to the Empire

by Rosaliene Bacchus

Oil drives our global economies. Oil is power. Oil fuels the Empire. Iraq and Iran together produce 8.3 million billion barrels a day of the liquid gold (figures from Offshore-Technology). Their joint oil reserves amount to 300,903 million barrels (figures from World Atlas). While the world’s largest oil producer with 12 mbbl barrels/day, the United States has only 39,230 million barrels of oil reserves. Venezuela tops the list with 300,878 million barrels. It’s no accident that the Empire is embedded in the Middle East. Controlling access to all that oil is vital to its continued survival.

Guyana will soon be part of that blessed-accursed herd of oil producing nations. With six billion barrels, and climbing, of oil reserves, Guyana now overtakes Venezuela in the overheated top seat.     

As a small country with racial divisive politics, the developing CARICOM member nation is easy prey for the Empire. It’s also corrupted at its core—the scourge of former colonial territories rich in natural resources. Trapped under the claws of the Eagle since its conception, the country is now secure in its nest.


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  • mudhead2  On 01/13/2020 at 5:38 am

    To some oil is the new God as it brings wealth

  • Trevor  On 01/13/2020 at 1:17 pm

    Lots of religious and secular scholars have noted that the US dollar is backed by oil. Oil is traded in US dollars.

    Try telling Exxon to sell oil in Guyana dollars and see how quick the NYT starts publishing fake news stories of babies being thrown from incubators at GPHC!

    I have noted that Guyana is being casted in a negative light these days due to the actions of mentally ill men who were more likely to be more “American” than “Guyanese”.

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