Suriname and Guyana – Share the Oil Wealth, Please
In both Guyana and Suriname, there remains considerable work to be done to spread each nation’s wealth.
In both Guyana and Suriname, there remains considerable work to be done to spread each nation’s wealth.
The lengthy odyssey surrounding the reactivation of Curaçao’s refinery is pulling the Dutch Caribbean island into a complicated matrix of geopolitics between the United States, the Netherlands, China, and Venezuela.
Though the payoff may not be immediate, U.S. policymakers and the international community should continue to support measures, such as the recent sanctions-relief policy, that increase the odds of fostering Maduro’s worst fear: division and uncertainty within the regime.
Given Petrobras’ high profile in the energy sector with proven expertise in low-carbon emission technologies, such as hydropower and biofuel, taking the discussed steps could secure Brazil as a hemispheric leader in green energy and the decarbonization transitions.
Uno pensaría que cualquier análisis de la contracción económica de Venezuela colocaría las sanciones económicas en un papel central.
One would think it should be self-evident that any account of Venezuela’s economic contraction would place economic sanctions in a central role.
Yes, the rising sea levels might only affect offshore drilling operations minimally. But the rising waters and other manifestations of climate change disrupt habitation and the normal conduct of political, economic, and social business within those societies, such that having the wealth could be of little consequence for the people there.
Guyana can be a prominent player in the Latin America and Caribbean region only if it relies on good governance, not just abundant cash and oil resources, to achieve progress.
It is important to ensure that oil funds create a diversified, free-market economy that is not dependent on oil and gas. Guyana should look no further than the United Arab Emirates (UAE) to learn how to do this.
Unprecedented growth will be driven by Guyana’s recent discovery of 9 billion barrels of recoverable oil and gas. Despite the optimism, Guyana’s surge will also coincide with a world in which fossil fuels are losing favor.