S8 Ep484: Guyana's Massive Oil Boom. Evan Ellis highlights the profound economic transformation of Guyana following the discovery of billions of barrels of light, sweet crude oil. Driven by massive investments from ExxonMobil and Chevron, the South American natio
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 19 February 2026
⏱️ 3 minutes
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Summary
Guyana's Massive Oil Boom. Evan Ellis highlights the profound economic transformation of Guyana following the discovery of billions of barrels of light, sweet crude oil. Driven by massive investments from ExxonMobil and Chevron, the South American nation serves as a prime example of effective management and foreign partnerships generating transformative national wealth. #8
1925 GUYANA
Transcript
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| 0:00.0 | I'm John Batcher quickly. Good news. |
| 0:18.6 | Guyana, little bitty country on the coast of South America. They are in possession of |
| 0:25.8 | billions and billions and billions of barrels of oil. Very good stuff. Light sweet crude, the best there is on the |
| 0:33.5 | planet. And now they're in the news because the big oils have discovered, oh, it matters |
| 0:39.6 | how much we have in reserves. It turns out green is not taking over our bottom line. |
| 0:45.5 | And Exxon Mobil is a clear winner, Evan. Everybody's celebrating, except for those who walked |
| 0:51.4 | away from the oil deposit. |
| 0:54.3 | Is this good for the whole of the continent, Evan? |
| 0:57.0 | How is this going to translate? |
| 0:58.9 | Because it's certainly good for the people of Guyana. |
| 1:01.1 | We have a couple of minutes. |
| 1:03.7 | Well, as you point, John, Guyana has enormous possibility. |
| 1:07.0 | And really, since the oil production has started coming on in 2020, |
| 1:12.4 | Guyana has been a remarkable state of transformation. I visited and did work there before, and it's just amazing to see how |
| 1:17.5 | Georgetown and the rest of the country is being transformed, the different, the shopping districts |
| 1:23.2 | expanding new hotels and money coming in. although Guyana has traditionally been a country |
| 1:28.4 | with a very weak institutionalization and the prospects that, you know, too much of that newfound |
| 1:34.2 | wealth could be wasted in corruption. But what I will say is despite some of the concerns over |
| 1:39.6 | corruption, the current government of Irfan Ali criticized before for some corruption |
| 1:48.6 | concerns during the last time they were in power, but has done a pretty good job, I would say, |
| 1:53.5 | negotiating with oil majors. But the reason that this became news also was because they just |
| 1:58.0 | held a big energy conference. And it's an interesting combination |
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