Can Guyana Avoid The Oil Curse?

Tiny Guyana, a former British colony in South America of less than one million, is on the cusp of becoming a major global oil exporter. In as little as four years, the impoverished country, situated in the northeast of the Amazin, went from first discovery to first oil, an incredibly short time for the petroleum industry, and is now lifting an average of around 400,000 barrels per day. For this reason, Guyana’s one-time flailing economy, which was hit hard by the 2020 pandemic, is booming. With more than 11 billion barrels of exploitable…