The oil and gas situation in Guyana goes from bad to worse

FORBES | As I wrote earlier this month, the future of the nascent oil and gas industry in the South American nation of Guyana is standing on shaky ground amid the ongoing controversy related to this year’s national elections. The situation only grew worse this week as U.S. Secretary of State Mike Pompeo urged Guyanese President David Granger to “step aside” and respect the results of the election that took place on March 2 and has remained unresolved for more than four months now.

At the same time, Secretary Pompeo also announced that the United States would place “visa restrictions on individuals responsible for or complicit in undermining democracy in Guyana.” It is clear that the American government believes those individuals include President Granger and members of his A Partnership for National Unity coalition that continues to rule the country despite election results that appear to indicate that the opposing People’s Progressive Party Civic (PPP/C) was the actual winner.

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