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Oil Bonanza Plunges Guyana Into Political Crisis

JacksinPA

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Oil Bonanza Plunges Guyana Into Political Crisis - The New York Times

The discovery of a wealth of oil in the tiny country, one of the poorest in South America, has deepened ethnic divisions and exacerbated tensions during a crucial election.[paywall]

GEORGETOWN, Guyana — The discovery of an enormous oil deposit off the coast of Guyana was meant to catapult this tiny country into the top echelons of petroleum producers and put its citizens on the path to better lives.

Instead, it has deepened the historical tensions shackling the nation, leaving some Guyanese afraid that the newfound wealth will subvert the country’s fragile democracy and wipe out other industries, as happened in neighboring Venezuela.
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Sudden oil riches could plunge this extremely poor S American country into the same political chaos as in Venezuela.
 
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