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Guyana Is Walking A Fine Line With Its Oil Boom

From oilprice.com

Guyana is treading a fine line between its potential for economic growth through new oil developments and the risk of environmental degradation and rising sea levels associated with fossil fuel-driven climate change. Guyana, the small South American country of just 800,000 people, has become world famous over the last year thanks to the promise of low-cost and high output oil operations in its newly established oilfields. Based on recent discoveries by ExxonMobil, TotalEnergies, and Tullow Oil, Guyana is thought to have 10 billion barrels of crude reserves. With production starting in 2019, and more and more ... (full story)

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