ExxonMobil find in Guyana's waters could be worth 12 times the country's GDP

Friday, July 24th 2015 - 09:38 UTC

Full article 7 comments

The Exxon Mobil oil find in Guyana, which has triggered a strong reaction from neighboring Venezuela could be worth 12 times more than that nation’s GDP. In effect according to a Guyanese minister, the find at Liza-1well in offshore Guyana could be worth about $40 billion at current international crude prices. Read full article

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Conqueror
Guyana needs to be calling for assistance from the Commonwealth. Particularly the Commonwealth navies and air forces. Just to show Maduro who has real muscle.
Jul 24th, 2015 - 02:48 pm - Link - Report abuse 0
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Briton
No Wonder Venezuela has been re-arming ,

Will CFK support him,
Will the commonwealth come to the aid of Guyana,

As they get nearer to the oil, they will soon find out.
Jul 24th, 2015 - 07:40 pm - Link - Report abuse 0
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Livepeanuts
Guyana is an autonomus republic, so the UK should if possible not get involved, also if I am not mistaken they support Argentina's claim on the Falklands so if we can we should stay out of this, our Sovereign is not involved and may have even been let down.
Jul 24th, 2015 - 11:25 pm - Link - Report abuse 0
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ezekielman
You need to distinguish between support for Argentina over the Falklands and support for calls for talks between the United Kingdom and Argentina on the matter. Many countries have said they back the idea of talks, which the Buenos Aires regime has tried to interpret as support for their farcical claim. It is not. Don't fall for Argentina's lies. They haven't got a cat in Hell's chance of getting the Falklands and, deep down, they know it.
Jul 25th, 2015 - 12:58 pm - Link - Report abuse 0
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Englander
If Venezuela attempts to interfere with Exxon's exploration activities it would be just the excuse the USA has been waiting for. Venezuela's armed forces would last approximately 7 hours 30 mins.
Jul 25th, 2015 - 07:11 pm - Link - Report abuse 0
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ezekielman
No way. I'd give them a couple of minutes. Bring it on.
Jul 25th, 2015 - 11:39 pm - Link - Report abuse 0
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Briton
Something weird is going on with Venezuela

The Venezuelan Navy is significantly expanding its navy
. Damen's Song Cam shipyards will build all four landing vessels and it is expected that DAMEX - a joint Cuban-Dutch shipyard in Santiago, Cuba - will build the remaining four on order.
Those vessels will join four of the same class

They're still increasing the size and capability of their military while they're in the midst of an economic meltdown? Why?

Regardless, they're arming up to fight someone....I just don't know who
.
Jul 26th, 2015 - 07:14 pm - Link - Report abuse 0
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