How Guyana Could Become the Richest Country in Latin America - VisualPolitik EN
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Guyana is one of the poorest countries in South America. However, huge oil deposits are being discovered in its waters. Forecasts indicate that by 2035 it could produce 1.5 million barrels per day. Guyana would therefore become the world's largest oil producer per capita. So the question is clear: Will the petrodollars boost Guyana's economic development and lift thousands of people out of poverty? Or will it become the new Venezuela? In this video we tell you about it.
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Please talk about the EACOP(Totalenergies) oil projects in Uganda
GUYANA about to be invaded by Venezuela.
Seems like Maduro is channeling Saddam Hussein, claiming Guyana in much the same way Saddam claimed Kuwait was a province of Iraq.
@@davidford3115 It was a province of Iraq tho. It was the British who mucked that up, like they mucked everywhere else up, leaving the locals to sort through the mess after colonialism ended. Saddam was bad, but the British were far worse.
@@ArawnOfAnnwn Sure, you keep lying to yourself about that. The Kuwaitis vehemently disagree with you.
Guyana is nowhere as dirt poor as this guy describes it. I lived in Guyana 30 years ago and even at that time people had food and other necessities. Fast forward to today and the people are living even better.
that's true, the way he describes it as if the place is a destitute of a place.
Guyana has to make four major investments among others: military; education; health care; and urban planning.
And obviously increase government salary in other sectors attached to the government. Also provide loans to those desiring to grow their business and those interested in doing new businesses at a low rate of return.
In all this still try to create a balance and make local and foreign investments.
Very good point, those areas are key plus the culture of corruption has to be stamped out like a cancerous disease. I have loved Guyana for many years and being a Jamaican Cuban loving other areas of the Americas I have hoped of a good future for Guyana. I can see though that the USA does not want good relations between Guyana and Venezuela. Suriname Guyana and Venezuela need to work better together.
@@antowalk2743 "I can see though that the USA does not want good relations between Guyana and Venezuela"
Again, US is to blame for everything. Venezuela is trying to grab land from Guyana, but according to you... US is to blame.
@@bobbatons1720 munroe doctrine
@@shaughn2011 What this has to do with Venezuela threatening Guyana?
My advice to Guyana people: invest in education, domestic safety, trustworthy legal system, training bureaucrats, anti-corruption, revamp politics and election system, banking, industrial R&D, entrepreneurship, industrial infrastructure like city, electricity, water, sewage, road, seaport/airport, and healthcare.
I believe Guyana will do well. The country has been listed as poor for years. It’s time for us to shine.
I agree
Agreed
its listed as poor, but by liberal papers in America and europe, but if you look at the world bank reports,Guyana has been a middle income country for years. you need to stop reading lies.
hi rose our country has been middle income for years, (world bank fig )only Guyana haters say that.
This Brit's man (BBC) is repeating what the people had known decades ago. Be careful of the Brits and the Chins no good intention there, they just kept bringing it to the face of the 👪👪
Hopefully the Guyanese will learn from the mistakes of their oil rich neighbours…Trinidad & Tobago.
Similar demographics, yet identity politics lead to the dramatic depletion of our sovereign wealth fund to more implement schemes that benefitted their core electorate factions rather than the wider population.
yes, they must give in to everything the US wants or else they will get sanctioned.
The funny thing with our Sovereign Wealth Fund is both parties failed to implement proper policies to replenish it after they took out from it ultimately leading to its sorry state. Regarding race politics the saddest thing as a young Trinidadian is that most people are interested in voting and people just came on voting for thing 1 and 2 not willing to try a third option. We could probably both agree that Tobago is different thing altogether on a local government level though its consistent support of PNM definitely does show a level of race based voting though it is iffy.
I hope Guyana's similar political situation doesn't chain it to and make it a slave to oil and gas like Trinidad and Tobago.
They'll learn from Venezuela too. The country with vast oil wealth who has half their women being ten dollar hookers in Colombia because they're starving LOL
Trinidad and Tobago's sovereign wealth fund has not been depleted, in fact it still has billions of US dollars in its coffers and continues to grow everyday. What has happened is that the fund was used over the past couple of years to plug budget holes that arose due to the drop in hydrocarbon prices. I would argue that this is exactly why the fund was set up in the first place.
Racial politics however is indeed a sad feature of the society and I highly doubt T&T or Guyana for that matter will divert from this course anytime soon.
It's been my experience that we don't. Most of us would rather our country burn than see someone with a different skin color than our own become president.
I am a born Guyanese and I still live here. All the stats I hear here are about 80% true. When it comes to the politics and politicians, you are nowhere close to the nonsense we experience.
Guyana should learn from ethnic conflicts. Racial harmony is key to success in a multi racial society. My wishes and prayers for all Guyanese.. make a prosperous country like Singapore.
hay Chowdhury, when did you see a race war in Guyana? Are you from India?
If officials can't manage a small economy good luck on managing a bigger one. Outsides Officials will like corruption they like sweet deals at the expense of Guyanese CITIZENS!!!
In the video it stated racial conflict.
One of the very few International journalists that pronounced Guyana correct. Thank you 🇬🇾
Guyana is not Latin America, people who know that probably don't even click the video cause the title already false so why click much more play the video
Guyana should follow the Norway model of putting oil revenues into a trust and using only the interest.
Definitely the most financially prudent move. But you have to have a very socialist, familial mindset that’s absolutely antithetical to a more capitalistic valuation. Either way you need very competent governance to play it right
no the noway model is not the way now, infrasture and agriclure then foreign investment, now do you have some thing to say about tne Norway fund that lost a few billions? about a few months ago?
That was done and the installed thieves changed the laws and raided the funds.
The corrupt government already removed all the money that the oil revenue give in 3 years
Big up to Guyana 🇬🇾 from Trinidad and Tobago 🇹🇹 love Guyana 🇬🇾 🇬🇾
Su me say too, big up Guyana, you will be alright, from a Yardy.
Love our cousins 🇹🇹 and 🇯🇲
Much luv brethren 🤘🏿🙏🏽
Lived in Guyana for many years, it had comical levels of corruption at all levels. I remember my mother having to bribe cops to get her passport back from a thief. So i have very little faith in it effectively using it's oil revenue. But maybe they might make enough money to brute force positive change for it's people after all it's a pretty small country population wise.
Damn that’s just sad
lol im in guyana rn and i agree with u, brute force wealth is the only way guyana will change
Last year Guyana was the least corrupt it has ever been(although a lot of work still need to done)but with the new gov,t it drop 2 points on the transperancy index.I,m not political but it's an observation.
@@tauceti8060 it has been 10 years since i lived there but i sure hope it is doing better.
With peering eyes from the world now onto Guyana, corruption is being monitored very closely now. That being said we have a mountain of corruption to root out from decades of it being that way. The important thing is that we are taking steps in the right direction and will learn from the mistakes of our forefathers.
Love to Guyana 🇬🇾 from Trinidad and Tobago🇹🇹
Been to Guyana twice, awesome country, reminds me of my own Jamaica. People were mixed but me being black and growing up around lots of Indians I know differences can easily be overcome when everyone lives as one people. A great country with a very bright future
The population of Blacks to other Races is about 80% to 20%. In Guyana it's about 40 Blacks & the rest are East Indians, Native Indians, Chinese etc. I do not know which part of the Country you were in, maybe in the City? Jamaica race population, is totally different to that of Guyana; there is the problem!
They have indian jamaican and chinese jamaican
@@juliusmarks8917
But Afro-Jamaicans make up a solid 76% of the population.
@@shauncameron8390 yeah you right I'm black thou
Just to be clear, "Latin America" is defined as the portion of the South Americas that were colonized by the spanish/french or portuguese. Guyana is NOT part of Latin America. The correct title should say "Richest country in *South America*"
exactly
Thanks for clearing that up.
@@ReekyCheeks yes because many are ignorant obviously
The Dutch,French and Spanish
Colonised Guyana before the British.
@@lorettanarain445 why Jamaica is Not latin America? The same reason why Guyana is not cause we same as Jamaica too, the British take it from the Spanish just like Jamaica
'He was a communist'
That Sam O Nella bit with Eisenhower about the Banana Republics comes to mind
Vice News caught on video Chinas massive bribing operation tied to the leader of guayana. If Guyana is so easily corrupted, this tells me Guyana will just be another Venezuela- never turning the oil into big profits for the people.
Commieeeeeees *Eisenhower goes brrrrrbrrrrbrr*
well I got news for you Guyana was never a banana republic and it will never become, but it is a triving democracy, and the fastest GDP growth in the world,so Norway has nothing to teach us.
It's always nice to see outsiders perspective on Guyana.
I'm telling you so know everything
this could very likely just be a another venezuela, and may end up actually hurting growth, as it removes any incentive for the government to reform their economy, but i hope im wrong, and they do seem to be trying to copy the Norwegian model, I hope they stick to it, and invest in longterm infrastructure that will benefit the country long after the oil is gone
"Reform" their economy.
Vice News caught on video Chinas massive bribing operation tied to the leader of guayana. If Guyana is so easily corrupted, this tells me Guyana will just be another Venezuela- never turning the oil into big profits for the people.
I'm Venezuelan and I approve this message
Long term it’s hard to tell because short term, it’s easy to turn some of those profits to the most obviously needed infrastructure. But as I pointed out, China has a massive bribing operation in Guyana caught on video. This means It’s likely little by little will be draining away at Guyanas potential and they will hit a ceiling at some point unless they rid corruption in their government.
I feel like It might be clever for them to directly work with Norway on this, after all they have experience with how to convert oil money into living standard increases. And if I remember correctly Norway also has large oil companies which are majority owned by the state, might be clever to work with those as they propably are more ethical then normal oil companies
The oil curse. Pray for the people of Guyana.
It's one if not the poorest nation in South America basically a shithole so maybe the government will be responsible and do the right thing. I seriously doubt it though, corruption is rife and will probably be worse after the money rolls in.
Pray for the people of Alberta who have suffered enough under the oil curse.
@@-whackd
But Alberta is nowhere near poor.
@@bobsmith9705 Guyana is safer in WW3 than the USAIDS and most rich countries, or all rich countries.
@@bobsmith9705
If Guyana is so poor, then why is the country hosting thousands of Venezuelans, thousands of Brazilians living and working in the country, Hundreds of Cubans flying to shop in Georgetown and all of this before the the discovery of oil? We do not have starvation in Guyana, as it is one of the few countries in the region that is relatively food secure and will be be even more so in the future, by the allocation of substantial funds to the Agricultural sector.
I went to Guyana a few years ago before their big oil boom, it's quite underdeveloped, even compared to other formerly British Caribbean nations
Because Guyana has a big land space the size of ( 83,000 sq mls ) United Kingdom but with a small population of less than a million people. United Kingdom has over 60 million people.
Paul.. before Oil so we talking about 8 years and more ago.. You should visit now miss Exile.. beside Guyana only a population of 750 Thousands half the size of Trinidad, population and 1/3 the size of Jamaica...Most of Population live on the COAST...BUT GUYANA IS 100, 0000 TIME THE SIZE OF THEM BOTH..🤣🤣...YOU DO THE MATHS
They should have stayed as part of the UK…
Where my country came from is not where we will stay. We had many struggles but you all only cared about how we looked. But it Doesn't matter, this country will become better and with God's help we will finally live in abondance .
Brits boast in having a legacy of rich countries. What a joke. See my series proving the British Emprie wasn't the biggest. Idiots count deserts but not oceans.
*any south american country with a glimpse of hope for widespread prosperity exists*
narcos and corrupt politicians: hold my beer.
Gemusefachlummel can you prove corruption in Guyana? you paint all the south americian nations with 1 brush. and of course there is no corruption in the european union. think of me as a pigmy that I dont know what goes on ih europe.
As a Guyanese, very very well researched video.
They need to bring the Norwegians to show them how to save the oil money and Singapore to stop corruption, they also need to abolish the executive presidency and have a governor general
You don't need to hire or bring anyone. Lee Kuan Yews book is free online. People in general are against capitalism and prefer to be racists.
How did Singapore stop corruption tho!..
Bald Eagle: looks like Guyana needs some freedom...
Thanks for yet another excellent video
You literally spoke as if Guyana is extremely poor lol. I currently live here and while some or most of what you said is true, we're not entirely poor. Underdeveloped though, yes.
Well..... The average wage for American standards is like usd$5k per month. The minimum wage in Guyana is usd$300 and ik alot of Guyana working within this range. So a Guyanese working GYD$12 million per year would consider to be rich in most neighborhood. And like I said the average American salary. 60k per year.
@Nut Butter relatively speaking. lmaoo
@@ryansingh7353 u missed my entire point...I said he spoke as if we were very poor
@@ryansingh7353 yes the American gets more, but our money goes further, and most Guyanese got better houses than Americians,
@Simon hay Simon Guyana has plenty of food and we export, and we have running water in 70% of the country, soon to be 100% dont forget we are developing
and as for the light going out in 2 years that will not happen, but you dont talk about the lights going out in europe
Norway is the best way to follow.
Thanks for sharing. Such an interesting and important aspect.
For once I feel optimistic about a country, seems like relatively prudent governance.
Maybe because it's actually legally a part of France.
@@jojolafrite90 What are you even talking?
@@Alexi-Raener93 he's talking about French Guiana but it's not even relevant to this video
@@jojolafrite90 you know damn well this isn't French Guyana
@@jojolafrite90 I think that's French Guiana...Learn your geography :)
Okay.. The next country for democracy and freedom is...
I was expecting someone to write this up🤣😂👍 knowing America, I'm pretty sure they'll use their resources to plunder oil from this country just like how they steal from Iraq, Syria and Libya..
Basically. If America can't loot then instability and wars happen
China is already exploting them, and their Vice president getting exposed for nepostism. Too late.
Probably not though.
Gayana
Two months later....
Next video: Guyana, what went wrong?
thrissur nothing went wrong the only thing happenrd to Guyana has the fastest Gdp growth ih the world, stew on that.
The last 3 president IN Guyana are USD millionaire's. So I wonder if our country will ever come out of poverty.
beautiful how did you gather so much information precise. amazing
Will the oil boom lift thousands out of poverty or will they be squandered and stolen?
As a student of history, all I can say is history repeats itself.
Norway?
You're talking like the leaders are uneducated fools, what was not said is that Guyana has a reasonable standard of Education, much like other Caribbean Nations, these folks are sensationalist I'm not Guyanese but from another Caribbean Nation that shares same systems..
Just being in South America does not make it Latin America. Latin America is if the country speaks Spanish or Portuguese.
And French don't forget. Conveniently that always gets left out but its a Latin language.
We are part of Latin America.The language we speak which is English contains many Latin syllables.
@@mikeman2137 Doesn't come under the definition of Latin America although you are technically right.
B in usa doesn't not make u American b/s
@@oralcummings4850 yes but the language english is of germanic origin. Totally different from Latin language. Terms are here and there are expected
This content really highlights some important truths. Thank you.
Great video. We’ve been doing business in Guyana to broaden the economy.
As a country in America they just have to get along with USA and everything will be fine no Venezuela no Iraq they'll be like Canada. It's a rude way to say that but it's the truth
They will be like Trinidad and Venezuela, because they are racists and anti capitalists. They won't be like Alberta because their cultures and morality is different.
Many countries get along with USA but still corrupt and poor.
its interesting to see our little obscure country making appearances more and more in pop media. i remember back in the original days with simon this chanel did something on guyana. born and grown in guyana for nearly 30 years. currently i dont have much hope for the country despite the oil. currently there is lots and lots (more than any time) of "superficial development" roads ..... plans for mega bridges massive hotels and so on...but socio economically the country is crap..... lawlessness everywhere. the police is underpaid corrupt and grossly ineffective, same with the fire service. our health sector is supposedly public....but if u have money you might as well go private ...... going to the public hospitals is a sentence of absolute misery and years long trauma ( id know) ..... the people (generally) has a very lawless attitude..... feely litering the streets and the "public transport" (mini busses run by private individuals) is atrocious with usual loud, vulgar music and very careless and wreckless on the roadways. out utiliites are poor with the worse offener by far being electricity. funnily enough we just a few hours ago recovered from a multi hour long black out afftecting more than 60% of the country all becuz one truck hit a wooden utility pole. i id you not its not eaggerating. for you americans imagine a blackout from NY, down the whole east coast, tru texas and AZ and then hitting california too ..... all cuz one truck hit a power pole. ... yep.... dont even get me started with what the cost of living is like. i mean we already pay 47% taxes. i know second hand of a low level employee at one of the biggest companies in the country .... her monthly pay barely covers her RENT. dont even ask me how she manages to get food and pay her bills and guess what ? she isnt even that bad off, relatively speaking. so yes.
The vulgar comedian Russell Peters did a joke about Guyana, simlar to:
"An Indian got on a boat, and when they said they reached Guyana, he said: 'Well, I'M a guy, and this is Ana! Let's go!"
you are another tratior so why dont you f-- to Canada, AND DONT YOU EVER COME BACK, Tredue going to inject the crap out of you covid or no covid
@@amazonwarrior7126 you sound foul mouthed and poorly educated - like much of the people of this country, unfortunately. I suggest you stop. you are making the country look worse than it already is.
A bunch of trash talk.🤣
Hay sage, tell me which country in the world pass or present GDP has grown to 55% ? so we dont need you stupid miserely comments, you are the only jaskass here ,you cant see progress when its staring you in the face.
Great factual documentary !
Great information
Guyana isn't as poor as you are making it out to be. You portray it as some kind of subsistence economy, when it's GDP per capita of roughly 7,000 is normal for the region. And on par with countries like Thailand, etc.
almost every country in the caribbean has a higher gdp than guyana
@@LIME-- Guyana is in South America and higher than most countries in the region. Colombia is only like $5,000 per capita for example.
@@LIME-- look at the world bank report on the Gdp before you open your mouth.
hay Willie you need to understand that this foreign report is a load of lies, why do you think we get a load of attacks its because we are going ahead, now the only way thay can try to stop it is to bring in race wars and hark back to the bad years in Guyana. AS a Guyanese I dont see Guyanese killing one another like in America, but all you read is race wars and racial discramation. Alot of people hate the progress hapening in Guyana.
they need to invest a lot in roads and railways....very poor infrastructure
I think they should have a sovereign wealth funds. And never get dependent on oil to finance development projects
No,pouring Oil/Gas money will create massive problems.Investing and getting residual income with which the Government can slowly grow is much better solution.
I agree with roads along with that hydroelectric dam. I also believe that after upgrading their medical system, they should also invest in water purification and sanitation. Doing that will put Guyana in a position to become the Singapore of South America.
@@davidford3115 this is not how things should go. Saudi arabia did the same as you have said, but they are still not developed and are dependent on oil, despite being educated, healthy people with electricity and clean water access
@@Omer1996E.C "The Magic Kingdom" is hampered by the Sharia police. That has NOTHING to do with the expenditures of oil revenues. Nice deflection.
Great work Thank you
Great Video!
You should do Trinidad next 🇹🇹
Rare video about Guyana 🇬🇾
Good luck with all future challenge's.
Such a comprehensive video... There is so much potential there for amazing and wonderful opportunities. Let's hope that Guyana manages the corruption issues with a strong will, because if not, the wealth will not be seen by the majority in the way it should be...
They better go form a pact with Norway of they know what's good for them
eno on the web, why should we? our economy is growing far faster than them.
'When voters are more concern about the racial identity than the performance of their politican, it never leads to anything good' Oh do tell
Funny how it's okay for some groups to express solidarity while others . . . not so much. "They're not empowered they're bad people" A world where self-love is hate.
Donald Turd?
South Africa, Bosnia, Lebanon.... Racial tension is a cancer in any country
Correct is right keep up the good work sir
Thank y for sharing👌
Something definitely wrong with us humans. i have seen more homeless people in the most powerful country on planet earth than i have ever seen in Guyana or any Caribbean island except Haiti. Never saw rows of tents city's in the streets with my naked eyes no were in Guyana or the Caribbean even before Guyana strike oil. yes those are poor developing nations with little more than 50yrs of independence before it was just basic infrastructure whilst the country resources were taken out.
The classic move. Divide and conquer
The no of ads in this video is insane
To the gentleman narrating: East Indians consider the term "Coolies" quite derogatory. It is akin to calling a person, of African descent, by the N-word. Thank you.
Guyana shall rise👍🏾👍🏾
I'm with you
@Bessie Hillum I'm British lm just showing love dude 🤦
@Bessie Hillum citzen
We have seen this before. Poor country suddenly finds wealth. At first great optimism, then wild spending, then massive corruption, then everyone is poor again.
That's more or less what happens when a poor people get a lot of money from the government, lottery or anything.
The poor are always poor. The rich just get richer until God kills them and puts them in hell.
Think Venezuela
did you tell that to saudi, kawait, qutar?
@@amazonwarrior7126 Give them time.
Nationalize and then diversify with the profits.
Agreed. If they can improve their medical system and then invest in water purification and sanitation so that people can drink water straight from the tap, then tourism becomes a VERY viable option for economic diversification.
You are joking, right?
That would be ideal situation in REAL World.. but Savage ExxonMobil will come crying at U snakes congress Guynaa will ILLIGAL sanction apply ( like Venezuela) Only China and Russian , Iran, can come to there rescue .. ..U snakes hegemony is comming to an end anyway.. soon.
@@davidford3115 that potential is there Guyana has Trillions of Gals of Fresh NONE CONTINAMATE water.. Not to mention Thousands of Water falls if Harness can supply all of South America with Electricity...
@@daggerin4life726 Sounds to me like you are engaging in wishful thinking yourself. Russia is finished as a world power. China is unreliable and treacherous as an ally, just ask the Solomons or Sri Lanka.
And you would drink the water straight from the river? Who is joking now? You clearly have never heard of Cholera, Giardia, or Dysentery.
18:25 - wow really?
Now that is Astounding
seems like the greatest wealth/benefit of the oil find is that guyana gets to keep essequibo. But of course that comes at a cost. America gets a sweet oil deal while keeping the venezuelans out of essequibo.
YOU think venezuela can beat Guyana in a fight, ? you only think one country will help us? this war will be a long distance duel, and vicious jungle warfare. Guyana only needs a resupply of ammo we dont need manpower.
My freedom sense is tingling.
I know I'm not the only one in a Guyanese family that keeps getting sent videos like this.
Guyana needs some freedom 🦅
They are already becoming a puppet of China. China was caught on video running massive bribing operation in Guyana
No homo allowed..So I understand ur pain. 🤣
Come on don’t skimp out on the Hawaiian shirt Josh
Do a video on Aruba
Damn, Josh is looking sharp in this one.
About 10 years ago I worked on rig doing exploration out of French Guiana. They been knowing they had oil
USA + China = Player Unknown Guyana BattleGround
Lived in Guyana for three years and learned a phrase when applied to politics there (excuse the misspelling): Do fer do, nah obiah. What it means is that while your party was in power, you stole; now that our party is in power, it's our turn. Sort of tit for tat. The election I observed while there was that people voted for the party that won because "they wouldn't steal as much" (a direct quote). Fantastic people, fantastic culture, corrupt government.
Fantastic people and culture and corrupt government you just described Latin America. No matter what language what they speak or racial background.
That phrase has existed so long in Guyana,where politics is concerned, many of us don't know it any other way. Which is precisely the root of all our problems.
Wonderful 😊
nice shirt bro
You guys should do more Caribbean countries
Like Barbados
@@dantefreeman7849 and Dominica
The eastern ones (Antillas) are rarely covered, so I know little about them other than that the evil racist Brits stole some islands, and so did pirates from the Nutterlands. Also, the Spanish abolished cannibalism there, I think.
Quick comment… Guyana is anglophone so not a part of Latin America even though it’s a part of South America. well done over all though.
David was a good man :)
I lived Guyana for 18 years I never felt “extremely poor” food was never hard to find its always in our yard and we were never short of anything so idk what you are talking about
I suspect it will go the same way as in Nigeria and Angola….only a handful will become rich and the population will remain poor, best of luck to them!
I hope they are smart and use the revenues to first build that hydro-electric dam and then upgrade their medical system. They should then follow that up with sanitation and water purification so as to get a stranglehold on typical tropical diseases such as Malaria, Yellow Fever, Dysentery, Typhoid, and encephalitis. Once the water is safe to drink from the tap, then opening their beaches to tourism becomes a real viability, thereby diversifying their economy. There is great potential for Guyana to become the Singapore of South America.
Wtf are you talking about? Are Nigeria and Angola the only countries with rich elites and poor population?
@@jaybee4577 No Jay, however these were the countries which came to mind in relation to oil wealth and their history of handling the black gold. Sorry if I offended you in some way.
Or Equatorial Guinea. Oil-rich. Highest GDP per capita in the continent, but 75% of the population poor.
So venuzueal literally has 2000billion barrels of oil but it still wants more🤷🏾♂️
Infact it's 303 billion barrels. I think maduro just wants to distract venazuelans form domestic problems
Very accurate documentary but am afraid that racism is such an issue in my country and it’s all because of the government. Just hope that they use the resources to better the country
The government should reinvest the money that's coming from the oil in the country to improve their infrastructure and so other urgent needs.
How is their oil production any different from T&T or Venezuela?
Well in terms of production they'd produce a great deal more than T&T and well as for Venezuela I think they'd produce about the same at their peak, if not a little more, but I stand to be corrected.
@@Rman775 well to my understanding the quantity of oil in that area of the world is not an issue...it's the ability to extract it that is the main hurdle for those countries. T&T has drastically reduced oil production lately, for whatever reason. Will Guyana allow a foreign oil company to come in and exploit it, is the question...
@@ryanguilbert3425 Well you are right that extracting the oil in that part of the world can be quite difficult but I do not believe this is the case for Guyanese oil which is one of the reasons oil exploration and extraction is so attractive there. T&T was always a smaller producer of oil and only produced 100,000 barrels per day at their peak so I think the current reduction is simply due to diminishing returns, but I think gas production is more important to them these days anyway.
Also I see no huge issue with foreign companies coming in and extracting the natural resources because Guyana on its own does not have the expertise or resources to do so. Everyone gets something out of this arrangement.
@@Rman775 well said, thank you. Sounds like a life changing opportunity for Guyana. It's already a resource rich country tho, so it'll be interesting to see how the politicians handle this new temptation.
because the oil found in Guyana is cleaner than Trinidad and venezuela oils and the market prefer it more
Guyana isn't in Latin America. They don't speak a Latin language, they speak English / English creole
clown is not a Spanish speaking country but ti is still a South American country
@@adrianbristol4392 You're the clown. Not all nations in South America are considered to be part of Latin America.
This is the modern day version of Blue Peter news.
I think the one thing Guyana should do is build schools & hospitals too support what will be their growing population do to their on coming growing economy. This also means colleges with the lastrar research in all fields of learning.
Then so much sent to Citizens like Alaska does.
We all know what happened to Venezuela. Hopefully there will be a major breakthrough in nuclear fusion technology, so we could minimize fossil fuel combustion and pin climate change down
Okay. I'll bite. You're repeating a trope without thinking. Imagine FUSION is magically available in an the form a small cereal box sized engine available at Home Depot that can power a truck for 100 years for the cost of $1,000. How long does it take until everyone is using those engines? . . . We know because we went thru this before with coal being replaced by petroleum. The answer is 40 years. So even if the world you describe were real and here, it's still 40 years until the new energy technology fully permeates the economy.
My friend, it ain't gonna happen.
Concerning the Amaila hydropower plant: it was not scrapped because of cost. Reportedly the falls dry up frequently and the contractors were charging more than double. The road leading to the plant was awarded to someone without suitable experience.
Total crap.
What happened to the shirt?!?!?! No more flowers!!!!! You said Guyana, you mean GuChina. I suggest this very interesting docu by Vice: Undercover In Guyana
Well researched Vlog..I have always watch this channel so to see my home country featured is a pleasant surprise. One omission you did not mention is Guyana is the ONLY country in the Americas that experience ETHNIC violence on a regular basis.
I haven't heard about this before. What is the ethnic violence?
@@plantguyrama11 The majority of the population are Indian, African and Native American so there is tensions especially with the Afro and Indo Guyanese
Namely between the Afro and Indo Guyanese as since they're the largest groups.
Do the Amerindians generally support a single political party or are they more open minded?
@@tauceti8060 Well they live more in the remote regions of the country but they don’t generally have preference over a party
😀Yeah a Country from my neighborhood (Tnt). "Coolie" is pronounced "cou-lee" . Short on the cou and longer on the lee lol . Hilarious your pronoun-cation. P.M. Irfaan visited Tnt Govt the other day. He seems wise to the evil of resource plundering. Hope they succeed in managing it .
It is interesting that some think of "Coolies" as being South Asian/Indian, while others think of Chinese railroad workers or Thai rice farmers.
It's also been a very derogatory term fro decades. I wish they'd thought to investigate the potential offense of repeating the term again and again.
@@karla1717 Derogatory yes. Don’t know about elsewhere in tnt its semi offensive mostly used in light hearted jokes.
@@nancyt61 speak for yourself
@@allysonsinanan9109 My apologies. Definitely derogatory the degree will depend on the individual.
This is a very interesting opportunity for Guyana and the world. By this time, we have ample historical examples of exploitation, kleptocracy, and state waste of natural resources. For the Guyanese, this is an opportunity to recognize the history of others and avoid it. For the U.S., it makes sense to promote a stable government in the hemisphere. I don't think Guyana has anything to worry about from Venezuela. They are broke and their military can easily be squashed with U.S. assistance. The only other threat comes from possible exploitation from the big oil companies and this is where the amount of press attention can help Guyana. If their actions are under a microscope, the U.S., EU, and Chinese oil giants will be less apt to cause mischief. The biggest risk is probably internal. Can the Guyanese get their act together?
Indeed. Between the hydroelectric dam project, improving their medical system, and then investing in water purification and sanitation, they could very well become the Singapore of South America.
@@davidford3115 That would be a wonderful thing. I'll be rooting for them.
I’m a quarter Guyanese and you can buy stuff from shops with gold its pretty cool
You guys should talk about Guyana's neighbor country of Venezuela
They did that several times.
The Title for this video is very loose and sightly misinterpreted. YES Guyana is technically located in Latin America BUT Guyana it's SELF is NOT a Part of Latin America, it never has been.
Latin American loosely mean from Artic to Antarctica....Tip of North to futherest point in South...
It's part of CARRICOM
It's HEAD of Caricom... Carricom headquarters is in Guyana...!!
Thank you for your podcast on Guyana, I am a Guyanese/American who joined with so many hundreds of thousands who has fled this Country for greener pastures abroad, though America isn't what many expected, you have piece of mind, and anyone or almost everyone, can live comfortably on what they earn and can even save a little for tough times that may arise. In Guyana you couldn't do that, in fact your earnings can barely meet your needs, much less, but I wish this Country all the best, it's failures could be the leadership and how they manage it's finances and share the wealth amongst it's poor population.
TG sign a mess deal up deal though. they do any 50/50 with these greedy oil companies the oil is GT oil why are they do 50/50 deal how oh man..
we started drilling there in Guyana Exxon Mobil I worked in Stena drilling ...
Visual politics needs to talk about Ecosia they are a search engine that plants trees
Unfortunately for them, electric autonomous vehicles will travel the majority of passenger miles by 2030 which will cause a supply shock, and make only select oil wells profitable.
so how come we getting rich,and do you see usa has all electric cars? it never going to happen not ,even in europe its not happening, why are Europe now using coal again plus Gas?
In most countries like *Fiji* , *Guyana* and *Uganda* where Indians recruited as indentured labours , they gradually becomes more successful and rich than natives. Indians use their usual unity and mind my own business makes them more successful.
Simplistic. Think a little harder. Explain why the same people ended up as indentured servants. Explain the sociological context of being an immigrant who has experienced other parts of the world. Explain the success of Afro-Guyanese in Canada, the UK, and the US.
@@stevensmith2078 Success is never guaranteed. Many Afro-Guyanese in countries such as the USA and Canada are doing well simply because of better opportunities and resources provided by those counties. Many people from Nigeria and Indians from India live in abject poverty. But most do very well if they come to a country like the USA or Canada. Why? The answer is simple. You don’t need to “think harder” for something so simple. Indian Guyanese make the largest ethnic group of Guyana, so they represent more of the success stories there. As well as the significant amounts of the poverty and high suicide rates (highest in South America).
@@itfeltsoreal That response is inconsistent with the post to which I posted a reply.
hay s9 ka9 Guyanese indians are native to Guyana ,but not the first people, we are not like uganda or Fiji. so dont compare us ok.
The politician has to be honest and stop stealing the oil money