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

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.      Continue reading

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