Guyana: Will its oil boom benefit the people? | The Stream

Oil companies have identified massive offshore reserves in Guyana, one of South America's poorest nations. New estimates last week report that more than 4 billion barrels of oil could be extracted from a region known as the Stabroek block, where ExxonMobil expects to start pumping crude from in 2020. The country is poised to become a major energy supplier, but not everyone is optimistic about the potential for oil revenue to benefit Guyanese citizens.

So what can Guyana do to avoid becoming another poor, yet resource-rich nation?

On this episode of The Stream, we speak with:

Christopher Ram
Lawyer and newspaper columnist
chrisram.net

Jan Mangal
Former petroleum advisor, President David A. Granger
linkedin.com

Lisa Sachs @CCSI_Columbia
Director, Columbia Center on Sustainable Investment
ccsi.columbia.edu

Imran Khan @imrankhangy
Press Secretary, Prime Minister Moses Nagamootoo
dpi.gov.gy

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