Tag Archives: Guyana is on the cusp of moving from its Third World status – by Adam Harris

Guyana is on the cusp of moving from its Third World status – by Adam Harris

Generally, it would take years. But Guyana’s oil is not like some others. It is ‘sweet’ and would therefore not need much refining. It is also light making it among the priciest on the world market. That is why so many companies are rushing here.

Last week I spoke of how Exxon came to find oil. By a whisker that exploration company found oil and avoided leaving Guyana with knowledge that it had oil. A simple decision to drill a second well instead of the first gave Guyana the leg to move from a Third World country.          Continue reading

%d bloggers like this: