How America’s Action in Venezuela Guaranteed Guyana’s Oil Future

Once one of South America’s poorest countries, Guyana is now ranked among the world’s richest because of the vast petroleum wealth contained in its territorial waters. A swath of major oil discoveries in the offshore Stabroek Block by operator ExxonMobil, with partners Chevron and CNOOC, saw Guyana emerge as a major oil producer and exporter. There is considerable production growth ahead which will boost the economy and global oil supply. U.S. intervention in Venezuela, with President Nicolas Maduro captured during a daring night raid,…