Guyana Is the Most Exciting Story in the World Oil Market

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 14 November 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

We talk a lot about the US shale boom. And we talk a lot about OPEC. But one of the most exciting stories in the global oil industry is the incredible rise of Guyana, which has seen a massive amount of oil discovery over the past several years. This oil boom has made the South American country one of the fastest growing economies in the world. So what does history say about the emergence of a new oil superpower? On this episode of the podcast, we speak with oil historian Gregory Brew about the Guyana story, and what happens when so much new oil is being produced outside of OPEC.

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