"South America's second poorest nation is bracing for an oil boom that could catapult it to the top of the continent's rich list - and beyond. But can Guyana avoid the so-called oil curse and ensure that its newfound riches benefit all Guyanese?"
This links to an Assignment report (podcast):
"Guyana - bracing for the oil boom"
Meanwhile some are urging caution in the light of changing future prospects of fossil fuels. An article in Stabroek News by Melinda Janki warns:
"Even if the present economics of oil added up (and they clearly don’t) the urgent need to halt global warming means oil will cease to be viable within a few years."
There is general agreement that there will be a time of 'peak oil' after which world demand will drop. Some say it will occur around 2025, other not til 2030s or 2040s. If we wish to curb global warming we had better wish for an early date.
No comments:
Post a Comment