With Jamaica recent oil discover that is said to be potentially worth up to US $23 billion is the country on track to become the next Guyana? #islandblogs
From 30 years ago i heard of oil in Jamaica but greedy companies don't want to pay fair price and want to treat us like dumb slaves rather than like partners as seen in middle east. Also, there's lots of greedy politicians and people in Jamaica who only see money and not environmental impact with short and long term effects. There is also gold and other minerals too, but again sold out to foreigners
That's is what happened in Guyana but the greedy PPP GOVERNMENT could not wait so they went ahead and got CON by the Whiteman the people in Guyana are still staving all those statistics are jus numbers that are more beneficial to exoil mobile company
@@earlphillips7847 can we imagine a Holness as prime minister when they start extraction, Predict Holness will Auction off everything and Jamaican people get Nothing, I hope the fling him out of Jamaica House in the next election
The people who have the money to invest and technology have to be compensated first then Jamaica is paid after from royalty. bear in mind Jamaica will have to design the contracts to make sure the Jamaican people are the beneficaries.
@@Dwrankoheart you can go drill, if you want it to move faster. Oil does not make any country rich, if it is not distributed to the people. Lot of feasability studies has to be done.
@@Dwrankoheart ..Why don't you think we could learn from the mistakes of Nigeria and Venezuela,, further more Venezuela was purposely made poor bcz certain big Country didn't like its politics, and Nigeria has the biggest economy in Africa, Jamaica already have a well developed tourism Industry, and in process of a developed infrastructure, plus other nuances like Bauxite, BPO. logistics, AND LETS NOT FORGET OUR BIG, BIG POPULATION IN THE DIASPORA, waiting and willing to invest in their home Country, all who think oil Industry wouldn't help Jamaica is very myopic and bad minded [in some kind of way]
Why do you think Jamaica would not see that growth? Jamaica is way more developed than Guyana!Guyana is just beginning to develop, since their oil discovery.., What Guyana is now spending on development, and infrastructure, Jamaica, has already established… GDP reads different for different countries, so you have to understand logistics! Oil discovery in Jamaica would just help to push Jamaica forward to another level. Guyana is now playing catch- up, but I am so happy for the Guyanese people!!
Its like you said Jamaica is way more developed so a lot more would have to happen to really move the needle. Now I still believe the growth would be very impressive, at best I see low double digits and at worst high single digits but regardless its something that would definitely move the country forward.
That would be a good thing because we imported a lot of oil for our day to day use once oil go up everything go up too so that would be a good help for Jamaicans
Oil straight out of the ground is of no use to Jamaica but selling it. It needs to be refined and for that u need an oil refinery. If an oil refinery is not feasible then the only thing u can do is sell it to refiners like Guyana is doing.
@john-hk5pu I'll take your statement as a person fo another nationality because if you're a jamaican, you will know that jamaican has its own oil refinery for decades now named petrojam
The jamaican economy is already in a stronger position than guyana economy the geographic location of jamaica is more valuable than oil in guyana and Trinidad combined oil runs out but jamaica geographic location doesn't change until god do so again and i also just watched the United oil and gas presentation in London on the Walton morant basins in jamaica and they said it is similar to the starbroke basins in guyana with a mean recoverable of 7 billion barrels of oil with many more prospects to be evaluate so this figure can easily double or more i have bin following this project for over 5 years and this is the most advanced the project has been to really start drilling United hired world renowned Iman Hill to run the project she has over 30 years under her belt in the oil and gas industry she was the president for the international oil and gas industry and was the president for major oil companies like BP she worked all over the world in the middle east, Africa and in South America she gets stuff done and she if jamaica doesn't have more than 7 billion barrels of oil she'll eat her hat she's very excited about the Walton morant basins in jamaica...go and watch the presentation in London a couple weeks ago
How is Jamaican economy in any strong economic situation with the country tied to the IMF and the world Bank and they country owned by foreign interest?
@marklonbarrett3266 go do your research before commenting on unfounded assumptions. Jamaica and the rest of the world get aid from the world Bank and IMF its up to that country government to make prudent decisions with that aid and this present government is doing just that..listen no country on the planet with a thriving economy gets to the top with investors both locally and a broad..one of the problems we have in jamaica is cynical and small thinking individuals like yourself if no progress is happening in the country you guys complain and if progress is happening you guys still complain
Most people believe that the Bauxite companies was extracting more than just Bauxite frim Jamaica,a Bauxite plant in Maggity name revere close down in the 70s and there reports that they were trying to extract Gold in a certain parts of maggoty but Afrter they discover that the Good is too deep under ground and they cannot mine it that when they close down revere.
These country should also look at what has happened to Niger, when Western cooperation intervene, and What has happened to the region and local people. Also, remember the situation with Venezuela when Cheves was alive with American corporations which he asked them to leave. Exxon oil spillage in Mexico and the damaged done to the wetlands. Any oil spillage in the region's how it would affect the tourists industries in neighbouring islanders, costs of clean up those country and not the oil companies. It's would be good for Jamacia but there above should be considered in any contrscts.
Check out United Oil and Gas and their exploration activities in Jamaica. The company has a license till 2026 for oil exploration in the Walton Morant area . They are thinking there might be over 2 billion barrels of recoverable oil in the area …..
I would say no oil extraction should go in Jamaica unless agreement is made that all citizens get some individual royalties per year meaning everyone should get a check in their hand. Certain percentage should be put aside just for that, or just leave the oil right there. If not all the big top people them of Jamaica gonna reap all the benefit and the regular people get nothing.
I believe United Oil and Gas has a license to 2026 to explore the Walton Morant area which may hold 2.6 billion barrels of oil . Testing looks positive but we are a long way off from any viable production schedule. If oil is discovered it will be a game changer for Jamaica. Here’s hoping!
You mean to say, drive the dollar up and no, your currency will more than likely have the same value. A lot of oil producing countries in the world have very very low currencies.
OPEC is an organization. You just CANNOT line up with them if you actually mean being in the organization. You have to produce a certain level. If your production is too small, you will NOT make it in there.
This is what I would say, Jamaica needs to have multiple revenues, we can't live in Tourism alone even though it brings in billions of US dollars a year and helps sustain life in Jamaica! Oil would be great if we have it, but Marijuana is Key and can bring in another couple of billions. We need to take advantage of the medicinal aspect of it and export it in mass. Then we need to get our bauxite back, our coffee, and give back the snacks to Trinidad and Tobago! And finally, Jamaica needs to get their own plane, another AIR JAMAICA 🇯🇲 🙌 Finally we will be the RICHEST country in the Caribbean as we almost are anyway!
All countries that use the oil and gas sector as their main source of income will experience a decline in their economies after 2030 due to a surplus of oil, with more and more oil and gas producing countries. Guyana has already sold its oil in loans or financing for economic purposes before it is pumped out of the ground. What is not good is that they do nothing about their coast against natural disasters or sea levels, while their city is near the coast.
Let hope they find oil, because that would be good, and they could use that oil money, and give the people who are not working some kind of money to o buy food and pay their rent just like what they do in England, the people in Jamaica who are not working need some kind of income to keep them going until they find some kind of job, those people who are not working have kids and they need to be fed and go to school,come on Jamaican government make Jamaica a better place to live, God as given every country some kind of means to feed the population, no one in any country should go hungry, don’t make Jamaica a jungle.
Management of the oil will have to be great. With the heights of corruption in Jamaica they have to be careful. Remember venuzelia has the world most reserves and are the poorest in the region of the Americas
If the oil discovery in Jamaica is in economic quantities then good for them. Barbados is the only country without oil which means Motley will now have to stop being critical of & attacking the Jamaican Prime Minister & the country as w whole.
Guyana is never a poor country we always have 27 natural resources gold diamonds, rice, sugar, wood, bauxite, sand, magazines rum, just a few and many more we never depend on tourists, it's all because of bad leadership and management but every one knowing Guyana now because of oil
Will Jamaican get any of it? Or will it be in drips and drabs from the oil conglomerates like Nigerian and Guyanese oil? We too sell out. Our politicians will have great GDP but it won’t go to the P (the people)
Ah sah…. Fueled by booming oil production and rising export profitability, Guyana's GDP grew an eye-popping 38% in 2023….. Jamaica’s Real gross domestic product (GDP) for fiscal year (FY) 2023/24 is estimated to have grown within the range of 1.5 to 2.5 per cent and, although moderating, the economy is expected to expand in the June 2024 quarter……Jamaica still naw seh nutten…y allow oil drilling while we already know what will b the result…still paying the price fi allow bauxite mining….feh….curious y u attempt this topic…
Talk about, we still honor the king.And we have to have Visa to go to the United Kingdom, but they still want to be over Jamaica.The prime minister needs to raise this point and stop being appropriate
it wont make any difference as the skill will be imported we cant or wont develop local skills for bauxite guyana needs more skilled people for their oil sector paying 80 to 100 thousand usd and we have no specialist to send, the caricom is a joke in justr integration education we would sit and let others make the big money so no it will not benefit the country
@sulner9997 of course it will make some difference like more investment pouring into the country and better schools will be built.. Jamaicans will not be handling the technical part of harvesting the oil because there’s no training for drilling for oil, i can imagine something like a school opening for that purposes.. The small stuff will improve like better Electric grid, also a gentrified water front properties with more foreign investors settling down in Jamaica.. Jamaicans will have more access a lot things that was not available on the island including new Advance in medicine..
@@tyeguy5373 Agreed, gentrified water front properties that the locals cant afford lands been bought up cheap and locals get pushed out, Nigeria have oil but look what happened to the villages, water supplys get contaminated, people pushed off the land women forced into street workers, the only way the locals get any benefit is to tap the pipeline and set up their own distilleries in the bushes
@LSong-hu6ml I grew up in Jamaica in the 1970s boxsite was much easier for them to harvest.. Prminister Bustamante practically gave most of it away in return for new road way and the building of hospital and clinic and Vear technical high school was built by one the boxsite company. Today Technology is more advanced to reach that Oil which they might have seen but probably didn’t worth the investment back then and oil was also cheaper than today..
@tyeguy5373 Vere Technical was built long before the Bauxite Company started Construction in Hayes. Even expansion started before Alcoa plant started production as the school had numerous ways of earning money. Maybe during production at a much later date in 1990s they probably helped. Yes, Bauxite was king in the 1970s onwards. A lot of mining was going on in st Elizabeth, Manchester and Clarendon. But the oil findings then was nothing much.
What’s new is they have in hand modern 2d and 3D surveys which show the oil beneath the ocean floor. These are like ultrasounds so to speak of the ocean floor.
@@gfs45 Ground penetrating radar (GPR) is a geophysical locating method that uses radio waves to capture images below the surface of the ground This is new Technology they use on the ocean floor
@@tyeguy5373 Thanks for the clarity. I was trying to use accessible language to explain. As a non expert I imagine it as an ultrasound of the sea floor. This allows me to follow what is being said.
The goal is build a economy that is diverse, oil, tourism banking and etc. I think Jamaica is in a much better position than any other Caribbean country to achieve this.
OH they still have this garbage posted here....even Haiti would be a better choice in a joke comment like that..oil or not its still Jim Jones Guyana..
Guyana's oil does not benefits its ppl .. it does not put the Guyanese in a better position .. do not get it twisted . It's the international companies doing the drilling who sees the wealth from the oil
That is not true. A Lot has changed and is changing in Guyana since it became an oil producer. Most people who comment like this are just plain ignorant.
@@dantronics1682 New Demerara bridge, Highways, 6 new hospitals, Gas to energy plant, free university, all these are still under construction or in the early stages/phases. Everything that's happening in Guyana is thanks to oil and gas
I would love for Jamaica to find oil. However, this news now, at election time, seems to be an election campaign. The same argument was in the air when the PNP was in power and was about to call an election I cannot take it seriously. The company who is exploring for oil say they have positively identified over 200 million barrels of recoverable oil. They also say that the potential oil in that area is 2.4 billion barrels. More than 6 times Trinidad oil reserve. Also more than Bolivia who we import from. The company needs US$35M to start drilling. If the prospects were that good, how come the major oil companies don't take up the offer to drill? Or even better why not raise that money on the Jamaica financial market or why don't the Jamaican Government invest in this venture. I am sure that they have wasted much more than that. Cornwall regional hospital is a case in point of wasted funds.
@@tannycurry211i first heard of this jamaican oil when Phillip Paulwell was the minister incharge of energy. After all these years, we should now be discussing how to distribute this oil wealth.😂
the govt cant invest in it because the govt have no money, for sea drilling you need experts which takes big capitals to raise these capitals the backers have to be certain they will make 100fold their investments, why would Ja import oil from Bolivia which is a landlock country on the other side of South America? if thats the case no wonder fuel is so expensive. I thought Bolivia export lithium salt and not oil
@charlenestewartson5940 does jamaica hav large gold and diamonds deposits large varieties of timbers magnesium, bauxite, tin stop talking out of ur ass and get your facts correct
@@keinobarrow83 Guyanese are suppose to be wealthy because of all the resources that they have but they are not . The quality of life in Guyana is worse than Jamaica. The same could be said too about Nigeria. Be nice when you talk to people or try to make your point. Your choice of words make you out to be a very ignorant person.
@@charlenestewartson5940 Lol... Guyana is progressing nothing stays the same forever. Just google Jamaica and Guyana GDP in 2024. Also remember Guyana has a smaller population so its only logical Guyana will have more money to spend on development. Eventually the quality of life will match the economy.
Will somebody please remove that heading of Jamaica the beautiful becoming Guyana..lol..lol..funny as hell remove it..all you got to think of is Jim Jones and Guyana,no recovery from that now or future..id rather become Hiti,at least the Haitians had some real positive history..i know its fools joking around,but please remove that garbage..
Jamaica has everything to be great, but our leaders makes all kinds of deals with some outsiders who tells them what to do, and that is why Jamaica cannot move ahead, and they are so arrogant to see that those people means Jamaica no good.
Because of the corruption in Jamaica's government, especially the current one, Jamaica would be worse than Nigeria where their government runs parallel private oil business alongside the official Nigerian oil company. 30% living below the poverty level. I pray dem don't find any oil before the current crop of crooks leave.
Hey brov stop spreading propaganda, there is no oil in Jamaica and even if they found it here, it would not benefit the people.. there is no oil here, Trinidad is the only island in the Caribbean with oil, Guyana is in South America.
But it depends on what you you call growth. I was assuming when they say growth in Guyana is high is because the government the country is earning lots more money each year .from oil 🛢
I Command The Jamaican People National Labour Party (JPNLP) Unity Government to Ask The JAMAICAN PEOPLE TO PAY for It and Emulate Our Ethiopians Brothers and Sisters who all United in Love For God and Country and paid For Their Grand Renaissance Damm in Ethiopia which is The Largest Damm in Ethiopia Africa Mountains Of Zion.
C'mon Jamaica let's go,,I'm from guyana and wish you guys all the best, love you guys,,let's go.
Respect 👏 🙏🏾
From 30 years ago i heard of oil in Jamaica but greedy companies don't want to pay fair price and want to treat us like dumb slaves rather than like partners as seen in middle east. Also, there's lots of greedy politicians and people in Jamaica who only see money and not environmental impact with short and long term effects. There is also gold and other minerals too, but again sold out to foreigners
True
That's is what happened in Guyana but the greedy PPP GOVERNMENT could not wait so they went ahead and got CON by the Whiteman the people in Guyana are still staving all those statistics are jus numbers that are more beneficial to exoil mobile company
Oil in Jamaica the few become richer! And the many poorer
@@earlphillips7847 can we imagine a Holness as prime minister when they start extraction, Predict Holness will Auction off everything and Jamaican people get Nothing, I hope the fling him out of Jamaica House in the next election
Why do black people accept this negative faith .Smh
If oil is here it's gonna be given away same like how the bauxite is being given away
The people who have the money to invest and technology have to be compensated first then Jamaica is paid after from royalty. bear in mind Jamaica will have to design the contracts to make sure the Jamaican people are the beneficaries.
They have been saying that oil found in Jamaica for years,but we are yet to see it
@@Dwrankoheart you can go drill, if you want it to move faster. Oil does not make any country rich, if it is not distributed to the people. Lot of feasability studies has to be done.
@@phyllisthompson4207 Agree the best example is Venezuela & Nigeria.
A mussi coconut oil 😂
@@roylle6346 Ganjah oil, or iley, same ting
@@Dwrankoheart ..Why don't you think we could learn from the mistakes of Nigeria and Venezuela,, further more Venezuela was purposely made poor bcz certain big Country didn't like its politics, and Nigeria has the biggest economy in Africa, Jamaica already have a well developed tourism Industry, and in process of a developed infrastructure, plus other nuances like Bauxite, BPO. logistics, AND LETS NOT FORGET OUR BIG, BIG POPULATION IN THE DIASPORA, waiting and willing to invest in their home Country, all who think oil Industry wouldn't help Jamaica is very myopic and bad minded [in some kind of way]
THANKS FOR SHARING
Why do you think Jamaica would not see that growth? Jamaica is way more developed than Guyana!Guyana is just beginning to develop, since their oil discovery.., What Guyana is now spending on development, and infrastructure, Jamaica, has already established… GDP reads different for different countries, so you have to understand logistics! Oil discovery in Jamaica would just help to push Jamaica forward to another level. Guyana is now playing catch- up, but I am so happy for the Guyanese people!!
Its like you said Jamaica is way more developed so a lot more would have to happen to really move the needle. Now I still believe the growth would be very impressive, at best I see low double digits and at worst high single digits but regardless its something that would definitely move the country forward.
@@IslandblogsJAMAICA IS WAAAY DEVELOPE THAN GUYANA
Right!🇯🇲
Guyana is far richer than Jamaica. In fact Jamaica is like Haiti.
@@MrAmhara 😂😂😂 POOR you.Wouldnt even debate that
That would be a good thing because we imported a lot of oil for our day to day use once oil go up everything go up too so that would be a good help for Jamaicans
Oil straight out of the ground is of no use to Jamaica but selling it. It needs to be refined and for that u need an oil refinery. If an oil refinery is not feasible then the only thing u can do is sell it to refiners like Guyana is doing.
@john-hk5pu I'll take your statement as a person fo another nationality because if you're a jamaican, you will know that jamaican has its own oil refinery for decades now named petrojam
@@alphansoworth9775 I never woulda assume Jamaica got an oil refinery. U right I googled it
@@alphansoworth9775I never woulda assume Jamaica got an oil refinery. U right I google it
@@alphansoworth9775I never woulda assume Jamaica got an oil refinery. U right I google it
The jamaican economy is already in a stronger position than guyana economy the geographic location of jamaica is more valuable than oil in guyana and Trinidad combined oil runs out but jamaica geographic location doesn't change until god do so again and i also just watched the United oil and gas presentation in London on the Walton morant basins in jamaica and they said it is similar to the starbroke basins in guyana with a mean recoverable of 7 billion barrels of oil with many more prospects to be evaluate so this figure can easily double or more i have bin following this project for over 5 years and this is the most advanced the project has been to really start drilling United hired world renowned Iman Hill to run the project she has over 30 years under her belt in the oil and gas industry she was the president for the international oil and gas industry and was the president for major oil companies like BP she worked all over the world in the middle east, Africa and in South America she gets stuff done and she if jamaica doesn't have more than 7 billion barrels of oil she'll eat her hat she's very excited about the Walton morant basins in jamaica...go and watch the presentation in London a couple weeks ago
Interesting i always try to keep updated on whatsapp going on with this issue
How is Jamaican economy in any strong economic situation with the country tied to the IMF and the world Bank and they country owned by foreign interest?
@marklonbarrett3266 go do your research before commenting on unfounded assumptions. Jamaica and the rest of the world get aid from the world Bank and IMF its up to that country government to make prudent decisions with that aid and this present government is doing just that..listen no country on the planet with a thriving economy gets to the top with investors both locally and a broad..one of the problems we have in jamaica is cynical and small thinking individuals like yourself if no progress is happening in the country you guys complain and if progress is happening you guys still complain
@@marklonbarrett3266what are you talking about? What you have said is not true. Do some research and come back to the chat.
@@marklonbarrett3266Not any more, we have been cleared...Jamaica is on it's way back up!🇯🇲🔥
Most people believe that the Bauxite companies was extracting more than just Bauxite frim Jamaica,a Bauxite plant in Maggity name revere close down in the 70s and there reports that they were trying to extract Gold in a certain parts of maggoty but Afrter they discover that the Good is too deep under ground and they cannot mine it that when they close down revere.
Looks like Jamaica need some FREEDOM!!! RAHHHHH🦅🦅🦅
😂😂😂
These country should also look at what has happened to Niger, when Western cooperation intervene, and What has happened to the region and local people.
Also, remember the situation with Venezuela when Cheves was alive with American corporations which he asked them to leave. Exxon oil spillage in Mexico and the damaged done to the wetlands.
Any oil spillage in the region's how it would affect the tourists industries in neighbouring islanders, costs of clean up those country and not the oil companies.
It's would be good for Jamacia but there above should be considered in any contrscts.
Loving the content, would like to learn more about this topic, how Jamaica is exploring the idea of drilling for 🛢.
Check out United Oil and Gas and their exploration activities in Jamaica. The company has a license till 2026 for oil exploration in the Walton Morant area . They are thinking there might be over 2 billion barrels of recoverable oil in the area …..
@@dy6682 wow, very interesting.
Who's in control of it all?
Look👀Good
I would say no oil extraction should go in Jamaica unless agreement is made that all citizens get some individual royalties per year meaning everyone should get a check in their hand. Certain percentage should be put aside just for that, or just leave the oil right there. If not all the big top people them of Jamaica gonna reap all the benefit and the regular people get nothing.
Oil discovery in Jamaica will open additional markets.
I believe United Oil and Gas has a license to 2026 to explore the Walton Morant area which may hold 2.6 billion barrels of oil . Testing looks positive but we are a long way off from any viable production schedule. If oil is discovered it will be a game changer for Jamaica. Here’s hoping!
Yrs ago my boss telling me about oil in my Country so this is not new
Guyanese do benefit but not to the maximum as yet it's a work in progress
Politicians will take ALL. Benefits for themselves..............the people probably. Will never know........
Probably end up like Nigeria .
@@robertcamble3543 nigeria # 2
What kind of improvement will it bring to Jamaica, will drive the dollars down and let our money equal to the us dollars.
You mean to say, drive the dollar up and no, your currency will more than likely have the same value. A lot of oil producing countries in the world have very very low currencies.
Good news for Jamaica
Jamaicans must buy some shares
I thought we found oil off shore and started drilling some time ago.
We need to align with the OPEC plus it's the only way we will get value for our oil
OPEC is an organization. You just CANNOT line up with them if you actually mean being in the organization. You have to produce a certain level. If your production is too small, you will NOT make it in there.
21 billion dollars or barrels?
I had a dream back in 2019 that oil is in. St Elizabeth, Westmoreland and trelawny the whole western side of the island cover with tar.
This is what I would say, Jamaica needs to have multiple revenues, we can't live in Tourism alone even though it brings in billions of US dollars a year and helps sustain life in Jamaica! Oil would be great if we have it, but Marijuana is Key and can bring in another couple of billions. We need to take advantage of the medicinal aspect of it and export it in mass. Then we need to get our bauxite back, our coffee, and give back the snacks to Trinidad and Tobago! And finally, Jamaica needs to get their own plane, another AIR JAMAICA 🇯🇲 🙌 Finally we will be the RICHEST country in the Caribbean as we almost are anyway!
All countries that use the oil and gas sector as their main source of income will experience a decline in their economies after 2030 due to a surplus of oil, with more and more oil and gas producing countries.
Guyana has already sold its oil in loans or financing for economic purposes before it is pumped out of the ground. What is not good is that they do nothing about their coast against natural disasters or sea levels, while their city is near the coast.
I made a mistake, jamaica import oil from Ecuador, not from Bolivia as I posted previously. My information os from Google search.
oil deh every rass weh.... is the amount and if it worth retreiving
Even the Chinese knows about it
``Correction is & 80 Billion US dollars
Thats pedro bank, isnt it? there is natural gas in St Mary
Let hope they find oil, because that would be good, and they could use that oil money, and give the people who are not working some kind of money to o buy food and pay their rent just like what they do in England, the people in Jamaica who are not working need some kind of income to keep them going until they find some kind of job, those people who are not working have kids and they need to be fed and go to school,come on Jamaican government make Jamaica a better place to live, God as given every country some kind of means to feed the population, no one in any country should go hungry, don’t make Jamaica a jungle.
you did not mention whare they find this potencial oil. you need to give more detail about what you talking about when you do a video
Off shore the south coast. They have the 3D and 2d surveys which shows the oil beneath the ocean floor.
Management of the oil will have to be great. With the heights of corruption in Jamaica they have to be careful. Remember venuzelia has the world most reserves and are the poorest in the region of the Americas
Being a member of the Common Wealth, Britain will be entitled to and get a percentage.
If the oil discovery in Jamaica is in economic quantities then good for them. Barbados is the only country without oil which means Motley will now have to stop being critical of & attacking the Jamaican Prime Minister & the country as w whole.
It dont need to become next Guyana better than juyana on disrespect .
Coconut oil
Why do you think the Chinese have been setting up shop?... 🤔🎯
Bro oil also in port morant st thomas and no one is saying anything about it
Since it benefitted Guyana it should benefit Jamaica but it will not impact everyone positively
I do know that Jamaica 🇯🇲 has oil, if Jamaica has petroleum , why wouldn’t we have oil.
The Jamaican economy would remain the SAME. Politicians get richer😂😂😂
IN OTR WORDS
SUSTAINABLE 🤔
They all eeady to go dig out the poor country no more Bauxite did enough give the country❤❤❤please preserve what is left of Jamdown
Guyana is never a poor country we always have 27 natural resources gold diamonds, rice, sugar, wood, bauxite, sand, magazines rum, just a few and many more we never depend on tourists, it's all because of bad leadership and management but every one knowing Guyana now because of oil
we need a government befor we could benifit from oil and gold. You ither understand or not but a suh
Be careful do not spend more then you earn. Like. Others country.
Will Jamaican get any of it? Or will it be in drips and drabs from the oil conglomerates like Nigerian and Guyanese oil? We too sell out. Our politicians will have great GDP but it won’t go to the P (the people)
Ah sah…. Fueled by booming oil production and rising export profitability, Guyana's GDP grew an eye-popping 38% in 2023….. Jamaica’s Real gross domestic product (GDP) for fiscal year (FY) 2023/24 is estimated to have grown within the range of 1.5 to 2.5 per cent and, although moderating, the economy is expected to expand in the June 2024 quarter……Jamaica still naw seh nutten…y allow oil drilling while we already know what will b the result…still paying the price fi allow bauxite mining….feh….curious y u attempt this topic…
Talk about, we still honor the king.And we have to have Visa to go to the United Kingdom, but they still want to be over Jamaica.The prime minister needs to raise this point and stop being appropriate
No. Guyana is a mainland South American country with Atlantic coastline. The commonality is British colonialism.
it wont make any difference as the skill will be imported we cant or wont develop local skills for bauxite guyana needs more skilled people for their oil sector paying 80 to 100 thousand usd and we have no specialist to send, the caricom is a joke in justr integration education we would sit and let others make the big money so no it will not benefit the country
@sulner9997 of course it will make some difference like more investment pouring into the country and better schools will be built..
Jamaicans will not be handling the technical part of harvesting the oil because there’s no training for drilling for oil, i can imagine something like a school opening for that purposes..
The small stuff will improve like better Electric grid, also a gentrified water front properties with more foreign investors settling down in Jamaica..
Jamaicans will have more access a lot things that was not available on the island including new Advance in medicine..
@@tyeguy5373 Agreed, gentrified water front properties that the locals cant afford lands been bought up cheap and locals get pushed out, Nigeria have oil but look what happened to the villages, water supplys get contaminated, people pushed off the land women forced into street workers, the only way the locals get any benefit is to tap the pipeline and set up their own distilleries in the bushes
Cat love cheese best stealing things .for rat is roasted Coco not
No oil in Jamaica
Lots of coconut oil
Potential oil? Thought u said we had oil
This is an old oil story from in the 70s. So what is new about this so called discovery.
@LSong-hu6ml
I grew up in Jamaica in the 1970s boxsite was much easier for them to harvest..
Prminister Bustamante practically gave most of it away in return for new road way and the building of hospital and clinic and Vear technical high school was built by one the boxsite company.
Today Technology is more advanced to reach that Oil which they might have seen but probably didn’t worth the investment back then and oil was also cheaper than today..
@tyeguy5373 Vere Technical was built long before the Bauxite Company started Construction in Hayes. Even expansion started before Alcoa plant started production as the school had numerous ways of earning money.
Maybe during production at a much later date in 1990s they probably helped.
Yes, Bauxite was king in the 1970s onwards. A lot of mining was going on in st Elizabeth, Manchester and Clarendon. But the oil findings then was nothing much.
What’s new is they have in hand modern 2d and 3D surveys which show the oil beneath the ocean floor. These are like ultrasounds so to speak of the ocean floor.
@@gfs45
Ground penetrating radar (GPR) is a geophysical locating method that uses radio waves to capture images below the surface of the ground
This is new Technology they use on the ocean floor
@@tyeguy5373 Thanks for the clarity. I was trying to use accessible language to explain. As a non expert I imagine it as an ultrasound of the sea floor. This allows me to follow what is being said.
The goal is build a economy that is diverse, oil, tourism banking and etc. I think Jamaica is in a much better position than any other Caribbean country to achieve this.
No wonder andrew want ti stay in power but no way
Dont mix Jamaican with Guyana please dont
OH they still have this garbage posted here....even Haiti would be a better choice in a joke comment like that..oil or not its still Jim Jones Guyana..
Guyana's oil does not benefits its ppl .. it does not put the Guyanese in a better position .. do not get it twisted . It's the international companies doing the drilling who sees the wealth from the oil
That is not true. A Lot has changed and is changing in Guyana since it became an oil producer. Most people who comment like this are just plain ignorant.
@@john-hk5pu ok since we are ignorant give us just 5 examples not counting the solar projects
@@dantronics1682 New Demerara bridge, Highways, 6 new hospitals, Gas to energy plant, free university, all these are still under construction or in the early stages/phases. Everything that's happening in Guyana is thanks to oil and gas
@@john-hk5pu Nice one, I hear about solar power for remote villages but not much else
@@dantronics1682 the solar farm is small scale only to give a few Amerindian communities electricity. May I ask are you Guyanese?
I would love for Jamaica to find oil. However, this news now, at election time, seems to be an election campaign. The same argument was in the air when the PNP was in power and was about to call an election I cannot take it seriously. The company who is exploring for oil say they have positively identified over 200 million barrels of recoverable oil. They also say that the potential oil in that area is 2.4 billion barrels. More than 6 times Trinidad oil reserve. Also more than Bolivia who we import from.
The company needs US$35M to start drilling. If the prospects were that good, how come the major oil companies don't take up the offer to drill? Or even better why not raise that money on the Jamaica financial market or why don't the Jamaican Government invest in this venture. I am sure that they have wasted much more than that. Cornwall regional hospital is a case in point of wasted funds.
You sound like Marky British😮
@@tannycurry211i first heard of this jamaican oil when Phillip Paulwell was the minister incharge of energy. After all these years, we should now be discussing how to distribute this oil wealth.😂
the govt cant invest in it because the govt have no money, for sea drilling you need experts which takes big capitals to raise these capitals the backers have to be certain they will make 100fold their investments, why would Ja import oil from Bolivia which is a landlock country on the other side of South America? if thats the case no wonder fuel is so expensive. I thought Bolivia export lithium salt and not oil
I will never be they next guyana I will be far much better country than guyana
Jamaica was a part of Venezuela during the Spanish time😂😂😂😂…Maduro.
does he smoke?
Guyana is very rich without the discovery of oil remember that development got stalled when our black leather was assassinated LFS Burnham
Guyana is not a wealthy country. Jamaica is wealthier than Guyana. Most Jamaicans don't know how blessed they are.
@charlenestewartson5940 does jamaica hav large gold and diamonds deposits large varieties of timbers magnesium, bauxite, tin stop talking out of ur ass and get your facts correct
@@keinobarrow83 Guyanese are suppose to be wealthy because of all the resources that they have but they are not . The quality of life in Guyana is worse than Jamaica. The same could be said too about Nigeria.
Be nice when you talk to people or try to make your point. Your choice of words make you out to be a very ignorant person.
@@charlenestewartson5940 Lol... Guyana is progressing nothing stays the same forever. Just google Jamaica and Guyana GDP in 2024. Also remember Guyana has a smaller population so its only logical Guyana will have more money to spend on development. Eventually the quality of life will match the economy.
Will somebody please remove that heading of Jamaica the beautiful becoming Guyana..lol..lol..funny as hell remove it..all you got to think of is Jim Jones and Guyana,no recovery from that now or future..id rather become Hiti,at least the Haitians had some real positive history..i know its fools joking around,but please remove that garbage..
Jamaica has everything to be great, but our leaders makes all kinds of deals with some outsiders who tells them what to do, and that is why Jamaica cannot move ahead, and they are so arrogant to see that those people means Jamaica no good.
Because of the corruption in Jamaica's government, especially the current one, Jamaica would be worse than Nigeria where their government runs parallel private oil business alongside the official Nigerian oil company. 30% living below the poverty level. I pray dem don't find any oil before the current crop of crooks leave.
The current government is not as corrupt as in the pass you just born😂😂
Hey brov stop spreading propaganda, there is no oil in Jamaica and even if they found it here, it would not benefit the people.. there is no oil here, Trinidad is the only island in the Caribbean with oil, Guyana is in South America.
But it depends on what you you call growth. I was assuming when they say growth in Guyana is high is because the government the country is earning lots more money each year .from oil 🛢
Growth is an overall thing! Education, health, logistics, infrastructure, job creation…
I Command The Jamaican People National Labour Party (JPNLP) Unity Government to Ask The JAMAICAN PEOPLE TO PAY for It and Emulate Our Ethiopians Brothers and Sisters who all United in Love For God and Country and paid For Their Grand Renaissance Damm in Ethiopia which is The Largest Damm in Ethiopia Africa Mountains Of Zion.
Such a sicko joke,i think i must have comment already..Guyana an eg for Jamaica to follow..so dam funny i cant stop laughing..