Topic: Venezuela vs Guyana. A new problem in the oil market ? (Read 411 times)

Populism and corruption and cowardice to admit the failures of his rule is the main problem. He will continue to promise "golden mountains", talk about insidious enemies, and other fairy tales just to stay in power. Change of power for such rulers is almost synonymous with a huge prison sentence for crimes committed, so ALL possible methods will be used just to stay in power. By the way - unleashing a war for an invented reason is one of such mechanisms.
The question is different - how much patience will the population have to live under such conditions?

Fresh news are:


https://www.reuters.com/world/americas/brazils-military-reinforces-border-with-venezuela-guyana-due-esequibo-2024-02-02/

In the news in Venezuela is another promise of 100 USD as minimum wages.
https://www.bloomberg.com/news/articles/2024-01-15/maduro-boosts-minimum-wage-by-43-to-quell-venezuela-protests
100% of the promises done by the government in regards to wages were not kept in the past. On tiktok you see protestors claiming for higher wages.  

As it is usually the case, people who loudest scream for justice don't apply that on others.

On December 14, 2023, negotiations between Venezuelan President Nicolas Maduro and Guyanese President Irfaan Ali took place on the issue of belonging to Guayana-Esequiba. The negotiations took place on the territory of the neutral state of Saint Vincent and the Grenadines. The parties agreed to create a commission to resolve the issue, which will include the foreign ministers and technical specialists of the two states and will submit a report to Caracas and Georgetown within the next three months, after which the leaders of both states will hold another negotiations in Brazil. The parties also agreed that they would not use force against each other, and also refrain from escalating the conflict.

Since then, there has been virtually no information on the Internet about further developments regarding the territorial conflict between these countries. Let's hope that the flames of war do not flare up there.

Propaganda machine, it is one of the main tools of influence and manipulation in totalitarian regimes, or close to them. Prohibitions of alternative opinions, imposition of fairy tales "about the wonderful existing power", "everyone is jealous of us", "there are enemies all around", "we will defeat everyone under the careful guidance of our incomparable leader" - it is all clear and known on a lot of examples from the modern world .

The question is how much the population of the country is really willing to participate in the illegal annexation of another country's land, and whether they understand the responsibility for this crime !?!? Do they realize that to make themselves happy, at the expense of the misery and grief of others ?!!
Do they realize that the answer and punishment will be unambiguous, and they will not like it. But then it will be too late to find "who is to blame for my grief" ....

Both companies are not fully functional, you don't see the workers protest as the media is not reporting those.
Around 30+ syndicalists are in Jail for promoting civil unrest.
Last time the military went against the dissident FARC they ended up leaving them alone.
Annexed is kind of a smokescreen as there are still a million of supporters and thousands are paid to do twitter and instagram postings on behalf of the "people".

India has a very large grey economy (informal economy that doesn't pay tax), that doesn't get counted in the official figures. If you add the grey economy, then the GDP per capita of India will be very similar to the GDP per capita in Guyana (before the oil boom). From 2020 to 2022, the Guyanese GDP went up by almost 3x. Obviously in a large country like India, which has the largest human population in the world, such insane GDP growth is not possible. Despite all that, there was a decent growth in GDP from 2014 onwards. 

It looks like we are witnessing a new "fire"....
I really hope that the world will understand that it is impossible to play soft politics with tyrants, aggressors and terrorists, because this will lead to huge casualties among innocent people...

“Venezuela President Nicolas Maduro signed six documents confirming the annexation of the Essequibo region, part of the territory of neighboring Guyana. According to Ultimas Noticias, the Venezuelan authorities will create a national commission for the defense of Essequibo and a comprehensive defense zone for the Guyana-Essequiba region.

Maduro also approved the opening of the state oil and gas company PDVSA and the metallurgical conglomerate CVG in the annexed territory. Venezuelan authorities have approved a new map of the country, which shows the annexed region as part of Venezuela. Maduro appointed Captain Alexis Rodriguez Cabello to lead the new 24th state.

The annexation was preceded by a referendum in Venezuela, which took place on December 3. The country's authorities claim that more than 95% of voters supported the annexation of the oil-rich region of Guyana.

Immediately after this, Guyanese President Irfaan Ali turned to his allies for military assistance. “The region will be forced to respond. This is exactly what we do,” he said in an interview with AP.

If we talk about the “historical connection of the people” or about “one people”, then the picture we get is not at all beautiful - this “native people” was not needed by Venezuela until oil was discovered on the land of this people!?
PS I’ll also add, the slogans “one people”, “historical territories”, etc. - the terrorist country Russia used such “arguments” to attack Ukraine. But I am not surprised by Maduro’s rhetoric - after all, he is almost a “lap dog” of the Kremlin...

The root of that problem is basically the English support for the liberation of South America under the flag of Simón Bolivar.
What is hardly mentioned is the 50+ years of neglect from both sides. People there were left alone.

Now there is wealth underneath that soil. 

Thanks, I really appreciate your unbiased stance in this conflict between your country Venezuela and Guyana, you have really given us the information from the root cause of this conflict. It's very reassuring to hear from someone that the issue concerns to give accurate report and I'm happy that you have clarified that the stories of Venezuelans invasion into Guyana, is all political propaganda to get patriotic support of it's citizens for the coming presidential election in your country. I truly hope that it does not escalate beyond that. Because when wars happens defenseless citizens will pay the heavy price with lose of lives and properties, while the people who started it will be shielded or whisked to a safe place with their families and loots

Countries that deny and reject adequate ways of development, the only thing they definitely become independent from is normal life, development, positive perspectives.... As history has confirmed for many decades.
And the difference became especially noticeable after 1945, when the world was divided into the progressive West and the semi-slave East led by the USSR.




It was rather an "unfortunate joke" than a real assumption.... Although. Given that russia often uses murder as a means of leverage, the joke might be true. Regarding assassinations - it's not my fantasy, read how many attempted (successful and not so successful) assassinations there were, and not only on the territory of Russia. Plus, after the failed special military operation and tough sanctions, internal cleanup in russia itself has begun - read how many "high officials" have been suddenly "fallen" recently....



You all make good points, but in this case I would add not the greed of the politician, but his idiocy and cowardice....

And who is exploring th oil in Iraq an Lybia? Not NATO countries, is mostly China!
Weird how you "invade" a county for oil then you leave and let somebody else take the oil.
Maybe it wasn't about oil at all?


Syria has oil?


Unlike Venezuela where the govern has taken over the american companies assets and that has ended...how?
With them importing gasoline as they are unable to refine their own oil?

As for Guyana itself, it's doing pretty nice:
This is the world’s fastest-growing economy, and it could grow an ‘explosive’ 100%

It really pisses you off when countries that collaborate with the US are getting wealthier like South Korea and Japan did while other that claim to be independent or opposing the world order are barely able to feed their citizens?
You should really be more concern about your own country first
https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?end=2022&locations=GY-IN&start=2013

I am following the news on the internet and it reminds of a similar situation that happened between my country Nigeria and Cameroon many years a ago. There was an oil rich region called the Bakassi peninsula. It was just on the border between Nigeria and Cameroon. For many years both countries tried to claim ownership of this region because of the oil. There were pockets if conflicts here and there until one of the Nigerian presidents at that time gave it up to Cameroon.

No matter what happens, I want to say that war is not the answer. Innocent lives will be lost because of the greed of politicians. The international community shouldn't sit-by and watch either Venezuela try to forcefully take over the oil rich region or Guyana with backings from the US fight helplessly. Brazil may be dragged indirectly if any conflict ensues. That region would be distabilized and the lives and livelihood of the inhabitants will be destroyed. There is always a blood shedding-free conflict resolution that should be explored for peace to rain.

That requires in-depth analysis @DrBee. But, in my opinion, what is called politics is difficult to predict, especially if the authentic evidence is not clear to prove.

The dubious theory of oil as a target in Iraq and Lebanon. As a sideline, maybe. But then the question - why didn't the US "invent an excuse" and "invade" Saudi Arabia, Kuwait, ... ? ? Easier, quicker, more oil ?!

But if we return to the political aspect - there has long been a Kremlin hub in Venezuela, there are some units, and there is information about the deployment of Russian PMCs there. And today it is Russia that is the key "customer" of unrest in countries that can influence the oil market, without revenues from the bark, the budget of the country that sows terror around the world critically suffers. This is a real FACT.

PS From the field of terrorism theory: Prince Talal bin Abdulaziz bin Bandar Al Saud died in Saudi Arabia.
And the Kremlin had a very big bet on him, question is his strange death the result of his not making agreements with terrorists from the Kremlin ?

Not necessarily as in some cases OIL wealth translates into more than rich elites.

Most of the time, yes you are right. The US is particularly shortsighted and earns in the form of Immigration the fruits of that behavior. Still, it could work out well. I doubt the People of Guyana would like to live under Venezuelan rule.

It has happened a lot many times during the last 1-2 decades, right? If there was no oil, do you really think that the NATO would have invaded either Iraq or Libya? Also no one cares about the ongoing conflict in Yemen, because there is no oil there. But a lot of attention is being given to Syria at the same time. What is going to happen is that the US will take advantage of this situation and will establish their military bases in Guyana, similar to the case with Middle East. The Guyanese government will be forced to sell all of their oil fields to US corporations. In the end, the Guyanese public will lose out.

Pure Lust of US$.
If there was no weath involved they would forget about it.
Chavez and his chancelor Madure gave Guyana the rights to explore Esequibio.

https://bnn.network/world/venezuela/unraveling-the-essequibo-dispute-a-historical-and-political-perspective/

This will just make this world a more messier place to live as the world economy is already bleeding and we are at the verge of recession and this  conflict will only bring more hardship and chaos not only to the Guyanese & Venezuelan but it will have rippling effect to the entire region.

Why suddenly the urge to captured these territories? This is like a common rule for dictators whenever they are at risk of being toppled or lose popularity. I just wish this is sorted in a dignified manner instead of pushing hundreds and thousands  to the brink of poverty and creating external refugees and IDP by resorting to violence's.

Maduro should focus on brining in reforms and improve the quality of live for Venezuelans as they are facing so much of hardship. But, he is instead playing these danger games and guess what Iran & Russia will be supporting Venezuela in this conquest. 

Maduro is just following the script of all dictators, once they run out of money and resources they try to steal from others, plus since he is feeling the strength of his regime weaken he has decided to take on an external war which historically has been a way to unify a country, however if he actually goes through with this crazy idea then I do not think it will be long until he gets deposed, since even if the military strength of Venezuela is many times stronger than what Guyana has, the US will not allow one of its enemies to grow even stronger and control an even larger share of the world’s oil reserves.

Guyana sitting on Venezuelas' goldmine, unluckily for many the goldmine looks shut.
US Technic is needed to lift that treasure. And not only tech, also experise.

Am I right to assume that you are not from this part of the world? South America that is.

If Venezuela decides to roll the dice and go for Guyana's oil, we're looking at potential chaos in the oil market. Guyana's sitting on a gold mine of reserves, and a conflict could seriously mess things up. Prices might skyrocket, economies could take a hit, you know the drill.

When I heard about the referendum and all, my first question was that even if Venezuela want to invade the region (Guayana Esequiba) is it even possible to do that. There are no roads from Venezuelan border to this region and the only route is through the ocean. This region is so remote, and the population density is less than 1 person per sq.km. Aircraft maybe used by Venezuela, but then with zero knowledge of the terrain it is going to be risky as well. In case of Russo-Ukraine war, Russian forces were able to conquer vast areas in quick time as there is good road connectivity. The situation in Guyana is much different.

It appears that the situation between Venezuela and Guyana continues to escalate and is rapidly heading towards war.

On December 3, Venezuela held a controversial referendum in which, according to official data, allegedly 95 percent of citizens were in favor of incorporating Essequibo into their country. Guyanese President Irfaan Ali called the referendum a reason for Venezuela to annex the region.

The head of Venezuela, Nicolas Maduro, following the results of a controversial referendum on the border with neighboring Guyana, declared the western part of this country - Essequibo - the 24th state of Venezuela. At a parliamentary meeting on Tuesday, December 5, he proposed introducing a corresponding bill. In addition, he called on the Venezuelan National Assembly to adopt a law to “protect the disputed territory.” Such actions are very reminiscent of Russia's actions before the invasion of Ukraine. Is it because Madura’s instructors and advisers are really from Russia?

Maduro also ordered Venezuela's state oil conglomerate to immediately begin issuing licenses to develop oil, gas and other minerals in resource-rich Essequibo. He gave oil companies operating in the undivided sea three months to wind down operations.

https://www.dw.com/ru/maduro-obavil-cast-territorii-gajany-provinciej-venesuely/a-67643745

It's difficult not to expect this conflict will escalate into a real war, with the current economic condition of Venezuela (the hyperinflation) expanding into a land with rich oil will significantly help their economic, moreover based on this site https://www.cato.org/blog/will-nicolas-maduro-invade-guyana 95% of the voter support their government to claim the land. What could prevent them is USA intervention, but USA already got too much on their hand with the Israel & Palestina, and Russia & Ukrain, they also got election coming up, so I doubt USA will do much.

It is possible that he was simply told how he would be "supported and rescued". Perhaps the fear of responsibility to his people is so high, because he realizes how many crimes against the people of Venezuela he has committed, so the war, and the attempt to cover himself with it, is his choice. A cowardly and despicable choice.
I know one thing - no totalitarian and criminal regime, itself did not leave the "Olympus of power", their departure was often accompanied by a sea of blood, and both his people and neighbors. In this case, Maduro turned out to be just a bargaining chip, which will be habitually "dumped" by those whom he considers his protector.  As history has shown, agreements and alliances with Russia are a path to degradation and destruction, and Russia is guaranteed not to fulfill its obligations, and will throw its partner into a "pit of shit" and will not pull him out of there, implementing its "projects". In this case, the goal of the "project" is to destabilize the region with the largest volumes of oil, which is guaranteed to affect the oil market, the oil that remains the only source of foreign exchange earnings for Russia.
I wish the people of Venezuela to regain their country in their own hands, from the clutches of a totalitarian ruler, to live in prosperity, and in peace with neighbors, and no longer to have partnerships with degenerating and aggressive "friends".

I hope he understands that, I hope he understands that he is leading his country into a disaster that is much greater than the economic disaster and problems it is suffering from and will cause woes to his people and to the neighboring country.

Maduro must understand the political game and understand that Russia is trying to drag him and the region into a regional war to relieve pressure on the Ukrainian front and scatter the United States on two separate fronts. I heard that some of Wagner's terrorist forces have already begun to arrive.

I hope that these leaders understand the serious consequences of their reckless decisions and understand that war is not a child's game that can be started and ended at will.

So if a guy with AK comes to your door hands you some recruitment papers and orders you to march to free the motherland territory occupied by the evil capitalist, what are you going to do? Honest question, not joking, some thought in 2021 that was a joke, many are not able to laugh no more now.


Far more complicated that this:
- That oil production is the current one, not what's expected to be in two there years
- Venezuela doesn't have the technology to explore that oil, but if they take over now it's almost everything in place, they would nationalize everything and got brand new equipment ready to pump and drill
- Venezuela just saw a window of opportunity that allowed them to sell oil as Russia was punished, now if another country with no real political problems can take that role, they are back to square one, so better get rid of this future problem

Also, politically trying to pull a Falkland, but we know how that ended.

Any believable source for this information?
There have been social media posts showing military transports, Unfortunately without credibility. Venezuela suffers shortages on Fuel, Electricity, Water, Internet and a substantial wage. Governmental Services are crumpling, Last sign was the ID op, SAIME (the Venezuelan ID Authority) took as most by surprise, 400 000 people renewed their personal IDs, showing that under normal circumstances the renewal is way over complex. 

"La Huida" the flight, or getaway, about 8 million have gone, most from public services which have a wage of average 30$ a month. It has hit the armed forces a lot.

Quite a logical move on the part of the USA!
1. Protect the security of their companies from terrorist threats
2. will provide significant assistance to Guyana, which objectively is much inferior in military power to Venezuela
3. There will be a balance of power in the region, taking into account the presence of Russian military bases (or at least logistics hubs) on the territory of Venezuela. This means that terrorists like PMC Wagner or its analogues will highly likely arrive there under the guise of “help.”
4. They will show that the United States will continue to help adhere to legal norms and help those who are under threat from unfriendly aggressive regimes.

The only question is - does Maduro understand that starting this aggression, there is a very high probability of events developing in such a way that he will leave his post much earlier and with much worse consequences for HIMSELF than losing the elections!?

On Sunday, December 3, a so-called referendum on the annexation of the disputed territory of Guyana took place in Venezuela. It was most likely carried out to justify possible military actions against this country. Regardless of the actual results of this referendum, the announced results will reflect Maduro's plans for an attack on Guyana. That is, within a week we can find out whether Venezuela will attack Guyana. I think now Maduro is very carefully watching the reaction to these events from other states, and above all the United States. The question is whether Maduro will still decide to attack. Of course, he will be pushed to do this from the Kremlin, promising all kinds of support. It is very beneficial for Putin to divert the attention of the United States and NATO countries to other military conflicts from the war in Ukraine and especially by reducing the provision of military assistance to it. But Maduro is risking a lot and I hope he understands this.

Since the region is rich in oil, it will certainly become a theater for regional and global conflict. Of course, as is known, Venezuela is in a state of hostility with the United States and has friends such as Russia, China, and North Korea, who are the traditional enemies of the United States.

Therefore, the region will most likely become a scene for a global conflict whose main poles, as usual, are the United States on the one hand and Russia and China on the other. The United States has announced its intention to build a military base in Guyana to protect the interests of major American oil companies operating in oil exploration concessions in the region.

Under these circumstances, I do not expect Venezuela to dare to go to war with American forces next to it. Most likely, this is a kind of electoral propaganda and escape from internal problems.

War will be always bad for human, and many consequences will occur with a war. Oil market will be affected by a war depends on how big or small that war is and where it happens.

Charted: The World’s Biggest Oil Producers
I think if that invasion happens, there will be some kind of effects on the oil market but not too big. Venezuela is not a too big nation in oil production.

I emphasize, once again, 2 factors:
1. There are universally recognized boundaries, and they cannot be violated. Whether one likes it or not
2. Separatist referendums are a technology of the Kremlin, which in this way created a lot of cloaks (PMR, Abkhazia, DNR, LNR,...) that eventually became just festering infectious wounds on the body of other countries.
The inviolability and integrity of borders is out of the question ! Otherwise you will be waiting for the same thing that Russia did in Ukraine.

Believe me - in case of a full-fledged military conflict, on the side of Venezuela, you will see Russian troops or at least marginalized PMCs. Putin will support the same totalitarian and untalented ruler as himself, plus it may destabilize the oil market even more. In the Middle East, the Kremlin has failed to ignite a global crisis, but terror and destabilization is all that is left in Putin's hands. And oil is the last trump card....

Regarding production in Guyana. Now - yes, the amount you mentioned is being produced, but the proven reserves can significantly increase production. I suppose that's what triggered the sudden aggression.


And to answer your question to the other participant "don't you also think that the people of your country will support the memorandum because it might lead to an increase in revenue for the nation?". - I'm very unsure that the people of Venezuela are receiving revenues from their natural wealth.... Please ask Mr. Hispo to provide information on how much of the revenues from natural resources go to the people of Venezuela ?  




Thank you very much for your answer and your suggestion!
With the hope that everything will be fine in your country and the war will pass you and your country!

The concensus is that there is indeed some big oil companies trying to get in the claimed area so they can exploit the natural resources found there. I have heard specifically about the Exxon Mobile company  doing some exploration and drilling there on behalf of Guyana. I am not as well informed about the specific role of big oil companies with this political campaign, though.


Thank you for your comments and I honestly hope your national situation gets solved, your country did nothing but minding their own businesses when Russia decided to attack.
In my country's case we are very confident all this things were are seeing are just for show and as an strategy to manipulate the population through a imposed sentiment of patriotism.
Hopefully you are living far away from the frontline by the way.
If you ever have a question about this country (even unrelated to politics) you are free to quote me or even send me a Direct message.

Thank you for your reply! It is very valuable to get the opinion of a person directly living in the country, events in which we are discussing!
Unfortunately, the media and news feeds are often either biased or manipulative.

But unfortunately the situation is close to my assumption .... It is a pity that this involves the population who just want to live well and work. You can't make a good life for yourself at the expense of others' misfortune. And what is the saddest thing - fear for what one person has done, fear for responsibility before the people, desire to "save their own skin" with the help of war, can lead to the death of hundreds and thousands of people on both sides
As a resident of Ukraine, suffering from aggression from Russia, I hope very much that you will not allow such a development of events....

I don't know much about Venezuela vs Guyana, but this news has become the top news headline, and I searched on Google and YouTube for more information. Isn't there support from Big Oil for this option, especially with the crises in the Middle East, which might push the government to do something reckless, like trying to create resentment on the ground? By force, especially since there is no clear international arbitration for the area separating the two countries, or did I understand the news from a biased source?

I thought that the ideal place to have this referendum in Essequibo. The inhabitants of the area should be allowed to determine their future. They shouldn't be forced to become Venezuelan citizens which might be against their will. If this referendum is done in Essequibo, I am sure that the majority of people living in the territory will prefer to remain Guyanese.

Guyana produces about 380,000 barrels per day (bpd)  which is not big enough to distort the global oil market. OPEC+ could just increase the supply quota of member states to cover up the shortages that might be caused by this conflict. I am sure that few oil producing nations can cover up these shortages without many problems which might lead to fewer economic consequences.

Great to know that you are from Venezuela @Hispo. From the information I have gathered from the internet, I assume that many Venezuelans believe that Essequibo is their territory that has been part of the country until it was wrongfully taken away when the north-south border was plotted about a hundred years ago. Do you think the majority of Venezuelans have this perception? Now considering that the disputed territory is rich in mineral resources, don't you also think that the people of your country will support the memorandum because it might lead to an increase in revenue for the nation?

I am from Venezuela, relatively close to the territory in dispute, also.
I would like to let you know that in most of the cases, the populance here has the perception this campaign in order to take over or fully claim the that region is rather a strategy to distract us all from more serious political and economical problems.
It is not a coincidence this is happening as we get closer to the next presidential elections and also this campaign about the Esequibo started to further intensify after the opposition party if this country carried out their own primaries. Another popular theory is that this referendum was supposed to be used by the government to study how much support they still have, previous to the incoming presidential elections.

This administration is pretty much very unlikely to seriously invade Guyana or try to claim territory by force, our army is corrupt and full of crooks. This is all about the things I already mentioned and maybe try to unify some of the islands of support for Maduro using nationalism as a glue.

I personally I can assure you there has been people forced to vote today, under the threat of behind fired out their public jobs.

If anyone here has a question, I will try to reply.

It is very likely that a military conflict between Venezuela and Guyana will begin soon, or rather, it has already begun. And this conflict threatens to develop into a multilateral one, with the participation of many states. Information has already appeared that Venezuelan special operations forces have crossed the border with Guyana and are fighting in the Essequibo region with the defense forces of this country.
Guyana is now trying to enlist the support of Brazil, the US and Britain to curb Venezuela's appetites. Brazil has already made it clear to Venezuela several times that it will intervene in the event of hostilities. Brazil's Defense Ministry, which is supporting Guyana in the conflict, has decided to send additional troops to guard its northern border amid tensions between Venezuela and Guyana over a territorial dispute. The Pentagon has sent some of the leadership of the US 1st Security Force Assistance Brigade (SFAB) to Guyana.

The Guyana Armed Forces (GDF) number 12 thousand people. At the same time, the total strength of the Venezuelan army, including the police, is over 300 thousand people. Dictator Maduro in Venezuela is supported by other dictatorships - Russia, Cuba, Iran, North Korea, Belarus and China.
Source:
https://kp.ua/politics/a680699-vozmozhnaja-vojna-pod-bokom-u-ssha-venezuela-uhrozhaet-hajane-po-lekalam-putina

It appears that someone is trying to divert the attention of the United States and the West from the war in Ukraine and weaken the assistance provided to it. The fighting has not yet subsided as a result of the Hamas attack on Israel, and suddenly there is a new source of military tension. And evil tongues say that “Wagnerites” have long settled in Venezuela. But everything secret sooner or later becomes clear.

Apparently, someone is not abandoning attempts to destabilize the oil market, and the world economy in general.
Now another hotbed of hostilities may emerge before our eyes, the key goal of which is to destabilize oil production in the world.

The reasons are banal - a neighboring country, Venezuela. And there on December 3, 2023 a referendum is scheduled in which Venezuelans must "decide" whether to take away 2/3 of the territory from the neighboring state. Why? There are a lot of "reasons" and "explanations". But we will discard the fairy tale options, let's return to reality. NEFT.

Since 2015, 46 oil fields have been discovered in Guyana (4 of them in 2023). This state, at the moment, has the world's fourth largest oil reserves - 10 billion barrels. Thus, it becomes the largest owner of oil reserves per capita. And geological exploration in the country continues. The neighboring country is Venezuela. A country that made its choice in favor of a populist president who brought the country to economic collapse, wild inflation, and the status of almost a "pariah country", and exactly a country with sanctions on oil.
It would seem - extract oil, get a huge income, make the country and its people rich and happy. But what to do if you are a populist to the bone !?? Right - you need to continue the show to distract the population from the real problems, and yourself to get away from the really difficult work. Especially after you yourself have driven the country into such a state.

What's the solution? The classic - a small victorious war, with the capture of foreign territories, and especially if they contain large oil deposits.
And especially if someone whispers behind your back "go ahead, go ahead, take someone else's, I will support you, I have experience"....

I am interested in the opinion of the respected community ! In case of conflict development, or rather the beginning of a full-scale invasion of Venezuela in Guyana, what consequences await the world economy, namely the oil market?