Dreams of oil riches and prosperous times could be dashed when expectations are unrealistic - Panorama Insurance Brokers

Dreams of oil riches and prosperous times could be dashed when expectations are unrealistic

Transforming billions of barrels of oil resources deep beneath the surface into cash in hand which can be used to directly benefit a country and its people comes with a multitude of challenges, which if overlooked, can see the initial euphoria from the promised oil riches lead to disappointment and anger.

“The mere mention of a natural resource discovery, especially of oil and increasingly of gas, ignites personal and national dreams of riches and hopes of prosperous times, fuelled more than ever by recent dramatic changes in oil prices,” notes Guyanese Economist, Bobby Gossai Jr., writing in his weekly OilNOW column, the Energy Journal.

Read more at OilNOW.gy