Will Guyana's oil wealth bring prosperity or turmoil? 

Guyana is not a poor country, not only oil ,we have more natural resources, proud to be a Guyanese 🇬🇾

It's GUY ANA not geeyana

I'M TRINIDADIAN,AND AS YOU KNOW WE HAVE OIL,BUT IT'S AS THOUGH WE DON'T HAVE OIL.I WAS VERY HAPPY FOR GUYANA WHEN I HEARD THEY DISCOVERED OIL,AND IN THE NEAR FUTURE WILL HAVE THEIR OWN REFINERY,AS YOU KNOW IN TRINIDAD THE PNM GOVERNMENT CLOSED DOWN THE ONLY REFINERY WE HAD WHICH WAS PETROTRIN,ALL I ASK GUYANA'S GOVERNMENT TO DO,IS HANDLE YOUR OIL PROFITS CAREFULLY AND MAKE SURE YOUR CITIZENS BENEFIT,AND DON'T END UP LIKE TRINIDAD.

Why overseas new reporters always saying guyana is a poor country and almost every Guyanese own there own land, home and cars not by credits because we don't use credits cards here. It Ridiculous when most Americans living on credits cards and putting themselves in depth. Life is good in guyana 🇬🇾 it may not be easy but we are making it here by depending on urself not the government.

It cannot change until the wealth is delivered to the people.

Guyana currently has 11 billion barrels of recoverable oil. plans to produce 1.2 million barrels a day. assuming 365 production days in a year it is enough oil for 25.11 years of production. So I'd invest for more discoveries and spend it wisely... 25 years is not a long time to develop an entire country out of poverty. production revenue does not equal government income. still I truly hope this will be the start to lift the entire nation out of poverty and into peaceful happy lives. greetings from the Netherlands.

First thing that we need to change in Guyana, is the mental, reckless, unethical and immoral behavior of our people in Guyana. We are not easy people. The depth of immortality, wicked, vicious, corrupt and similar behavior that exists in Guyana will make it very hard for our people to prosper and benefit from this oil wealth. Of course, this is my view and opinion about us, Guyanese people, other Guyanese will have their own views and their own opinions.

If America has a hand on this resource then nothing will change

Guyana needs to see how Norway handled their oil wealth and follow their playbook.

Man oh man, I’m just hoping for good governance over Guyana and the citizens of Guyana. ❤️❤️❤️❤️

Great reporting. As a Guyanese living abroad I hope they find a solution to benefit the people of Guyana. All governments in Guyana Have been corruptt and I hope That this report will mobilize Guyanese people.

I did a lot of research about that country it's very wealthy and Rich . Guyana deserve every good things that comes to them . And fight back

STOP SAYING IT'S LATIN AMERICA! THEY SPEAK ONLY ENGLISH!!!

Development is when your people move towards a place of comfort.

Because of greed only few will benefit in a significant way. Engineers in Guyana are paid less than US$1500 net. The majority of Guyanese are underpaid and overworked in all sectors.

Public comment. The attorney is right about everything she say regarding regulations dealing with safety issues against oil companies. Safety is number one priority. Fact

Education should be #1 priority. The outsiders are usually the ones who benefit the most. Dont forget what they did to Africa.

It’s not pronounced “Gui-ana” it’s Guy-ana! How does she not know this?

The Guyanese Government should have had more qualified people to help with the formulation of the contract, they were taken advantage of, the businessmen of these Global companies are extremely ruthless and predatory. However, it would not surprise me if the people who signed that ridiculous contract were secretly paid off to sign it. Hopefully, the Government spend the money on the infrastructure of the country, especially building up defenses against rising sea levels.

People, pray for GUYANA, STOP peddling negative informations in our beloved land...Guyana, is moving forward, and we ought to be grateful. Stop oppress our country, Exxon mobile. Live and let others live......This newsagent is trying to bring down Guyana . We can never trust any other political party, that this current Government. Please go and research more. Go in the country....The Government is transparent....

IT IS NOT A LATIN AMERICAN COUNTRY...IT IS A SOUTH AMERICAN COUNTRY; THE ONLY ENGLISH-SPEAKING COUNTRY IN SOUTH AMERICA, WITH 6 NATIONS.. I AM A GUYANESE LIVING IN CANADA. I SINCERELY HOPE GUYANA CAN SUCCEED WITH THIS OIL IN OUR COUNTRY.

This woman knows what she is talking about and we are seeing it every day. More over theese lawmakers dont care about the people

10:54 Amen

Well stated Mrs Janky. The truth needs to be known.

It is heartwarming to know that these discussions are brought to international forums. There's certainly a woeful concern about oil revenues. If the people of Guyana will become individual beneficiaries of such oil wealth because as it appears, the govt's focal interest at this time is to stablize their political existence by way of focusing on infrastructural developments while its nation still suffers abundantly from poverty. How will that oil wealth translate to the local people, is a matter of grave concern. Hope Mr Ali does well with its managment, not only for its government but become the benefactor to his people before it all implodes.

I refuse to continue listening this bias propaganda

That Guyanese lady is the sharpest person in there. Imagine a foreign company, Exxon in this case coming to your country and forcing you to change your laws into its advantage. Now Exxon is going to sue corruption as an excuse to win at this game as if what Exxon is doing isn't corruption. EXXON is talking for the Guyanese in a way that shows that Exxon knows what the Guyanese need better than the Guyanese and the Guyanese leaders themself do. Exxon will use the "non-qualified workforce" in Guyana to disqualify the Guyanese and instead bring in non Guyanese folks as workers. The same old tricks are being done over and over again. Guyana you are in for a bumpy ride.

I found many assertions by the host and guests to be inaccurate and a poor reflection of the actual conditions in Guyana. Guyana may do things differently but it has governed itself, protected its borders and maintained its sovereignty with abundant civic pride.

I think what Guyana need to is to get a team of advisors from the Arab country that has manage oil the best and form a committee with their locals that will oversee a successful management of this resource. They also need to revise the current contract and have more dialogue with all the Guyanese stakeholders on the best way forward and implement tactical policies for long long term success. The population is not huge, hence the government MUST implement EFFECTIVE legislation to take care of its citizens for years to come. Give these people first class educational opportunities, top class healthcare and safety, beautiful infrastructure, eradicate all taxes paid by the citizens, give the people elegant housing, and life changing social infrastructure. Before you know it all the suffering and cries would be a thing of the past.

Why isn't there a Guyanese involved in this discussion to give his or her prospective on this situation.

Guyana is country of predominantly Indian, African, and Amerindian people. I don't understand why we have white people discussing what's going to happen with the oil rather than the people that actually live in the country. I understand that Guyana doesn't have the infrastructure available to harvest this oil themselves and will have to utilize foreign oil companies, but if they can't even be part of the discussion, I foresee Guyana getting robbed of their natural resources just like was done by the British.

Why do you experts can't find anything positive to say? Which party do you mean? I came to the conclusion is you people don't know what you are talking about.

This was a very interesting discussion. We hope there will be change that benefits Guyana. The people deserve it.

I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have, making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Hilder Ferguson. I now make huge profits by weekly through her services while still learning to stand on my own.

Just to noted we do have public review process and the roads are needed. Tom did not do his research

Great conversation! The lawyer is a true nationalist.Way to go! I hope the money trickles down to the Guyanese people and improve their standard of living. Corrupt government stagnates countries.

We the people of Guyana knows what we are going true only the rich people family and friends are benefits an not the poor it is very sad to see what poor people are facing in Guyana

Bring in people to train the Guyanese to do the work not bring in people to do the work!

We have to protect our wealth especially the oil. Look what happened to the bauxite. Please all rich guyanese that living abroad Lets wake up and preserve our wealth.

So long as they can flush out corruption, they will be fine

If Guyana have all the other natural resources n the exchange rate is the weakest in the region, a very indebted country, how is oil going to make any difference, one big lopsided contact that only caters for the contractors?

Oh what a time to discover oil reserves.

This needs to be heard. Thanks for this video. May God help us all.

This is what vex me. Never doubt when it comes 1st world endeavours but for us there are always looming questions. When we see everyday, countries like the US are festered with corruption.

How much of the citizens has the government of Guyana sent for training since 2015? How many doctors, lawyers, engineers nurses, teachers, accountants, environmentalists.....

Guyanese should open our eyes. Guyana will benefit from this wealth if we pray and listen to people who has knowledge on what our revenue should be.

Guyana is going to move forward and develop ! Aśe

This will never change..we will remain poor under any government

It is quite likely that MOST of the oil disappeared Guyana will NEVER come out of the group ! It is a simple matter of timing, oil is on the way out. The oil and gas found in Guyana would/could be extracted over about 50+ years, oil as an energy source will be phased out within 20 years. For Guyana, oil will NOT change their lot in life.

The government say their helping people in this country but a house 🏡 and land is 6 million dollar 💵 that is too expensive for people in this country and alot more things

With a good leader they will be successfully

The commentator raises the real questions, all beginning with big 'IF's'. From the very beginning, following the initial discovery of the massive reserves of petroleum, and the continuing revelation of more reserves, there have been constant reports of corruption among politicians and the oil companies involved. These 'rumors' persist to this day, at the heart of which is the questionable contract between Exxon, Hess and the government of Guyana. As an example, Exxon and Hess have been announcing huge profits, most of which can be traced to their take from the lucrative contracts they negotiated with past governments of Guyana and many corrupt representatives of the government.

So what do you want for the Government to do for us that they are lacking, have you checked over half of the population own their new homes and vehicles. Can you the newsmongers, tell us what you want the Government to do for us besides what they are already doing? What experts, ?? Who do they think they are ? Only seeing the negatives....

vote yes but fight tooth and nail to be sure the money is used to develope the nation , not just fill the pockets of the elites.

Public comment. Foreign countries must respect the laws of guyana. Comply with rules and regulations dealing with safety issues and pollution control now and no loopholes. No flairing. No dumping toxic chemicals in the water. Testing the water quality is vital for better environment. Government must test water quality in guyana water near the oil drawing area.

How can Exxon Mobil build a modern, large, and beautiful office next to a decrepit home? When I last visited this is what broke my heart - there is a vast difference between the haves and have not. Though there is a lot of new construction, they really need to help those who need help with older homes to upgrade/update. Even if you distribute free building materials and paint through grants, that would help a lot.

It's pronounced "Guy-anna" NOT "Gee-anna"

3:20 spot on.

I dont know why the US UK and other developed powers feel like they are the only one who can manage money. Guyana was able to manage with little resources all of certain the cant manage when they now have more resources. Also, where are the experts from Guyana to speak to this issue?

South America not Latin America

The law must be abide by all company across the board

We need solutions not crises.

As a born Guyanese i love my country . What i dont like is the mindset of some of the people talk about the discrimination from people who has the same skin color as you.

Good program I'm 🇬🇾 you need to check-in more often please

Why these journalists so concerned about guyana . When guyana didnt had oil no one cares . Lots of people in poverty in the US and Canada . About 60 percent of people own their homes without mortgages.

Excellent piece of reporting that avoids being prejudiced in any way and is objective. 👏👏

This revenue should be wisely spent. In Trinidad the oil boom dollars of eighty billion in the seventies went like a dose of salts.

Well done Ms Jankie u represented this topic and Guyana excellent, its a shame the powers that be both past and present dont have the country's best interests at heart 😢😢

It is the government's job to protect all of its people. create jobs in agriculture, etc. and education. etc.

I remember the president of Guyana returning mid air because he didnt have invitatation but now he is welcomed everywhere.

The oil companies can well afford to abide by national laws and still make a profit, so slamming regulations due to unprofitably is nothing more than justifying greed

I think the Guyanese government had already started a Sovereign Fund. It's a good start seeing how othet smaller countries in the area don't

Guyana is the riches country in the world but people for outside bully we

Wow! This is mind blowing.

Love Guyana 😍

The PPP/C criminals will thief the money 💰

I totally agree with you.......

I agree with the woman from Georgetown. That guy online for exon. He don't want guyana to benefit only exon

Why does Guyana feel like the setup to something much more?

We need good and honest government .our leader are there to inrich theirself .poor in guyana are suffering . We have high vat and tax on food

You are only truly rich when you can mine your own resources, otherwise, you are food for others with money. There is currently a suspicion that there was a sale of mining development for "visa free travel to the UK". Some will benefit some will become worse off. It opens avenues for corruption and will need to be heavily scrutinized with reliable controls put in place.

Who said Guyana has a 180,000 persons that’s totally incorrect

I am from suriname 🇸🇷 we also have found olie in are water 💧

People are negative about Guyana because they don't want Guyanese to control their perception

Very well spoken mrs Melinda Janky, I agree with you on all points especially the part that the government should first focus on the wellbeing of people and the strive of the economy will follow accordingly. Right now it’s like all members of the government are CEO’s of the country

if Any Government in Guyana Don't Do like Libra's Gaddafi.. Guyanese Will Rise up Violently.. please share the Wealth with the People.

The richest nation with the poorest people

A little bit of both and I hope that they aren't exploited by their own people or outside forces.

Oil is a curse up on any nation, if not manage properly

Having 3 analyst on and not one of them defending the opposite side. Very interesting indeed.

It's Indigenous L A N D respect the Indigenous people

Everyone talking about it should benefit the people but they're not sayings how. If you dont know how then shut ur trap

Guyana has been handed a bad deal i.e. VERY BAD DEAL - thanks to the former govt. minister in power who inked the deal to give the Guyanese people a mere 2% royalty. It is reported that the minister who did it was feted by Exxon in 5-star hotels when they presented the contract and he put his signature.

Don't mess this up guys.

Hello andrea sanke ,, the correct way to say my country's name is simple BECAUSE it's a two syllable word..... GUY ANA = GUYANA !

We are not poor we have gold diamond 💎 sugar rice and many more resources 🇬🇾

When Texaco was in Trinidad that company built housing developments in the southern areas, built schools, playgrounds; sponsored athletic meets and upgraded the economy. Maybe Government could get Exxon to contribute directly social services and infrastructures to the people of Guyana.

Only politicians benefit and the ppl around them this country has so much other resources and politicians make foreign investors benefit same goes for the oil so sad

Eye opener.

A criminal regime controlling all that wealth can only mean disaster and instability for the region.