Guyana goes from bad to worseJul 18, 2020 read the full article click here
https://www.forbes.com/sites/davidblackmon/2020/07/18/the-oil-and-gas-situation-in-guyana-goes-from-bad-to-worse/#6e43ead3edc6 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.
As reported by the Trinidad Saturday Express, former Guyanese Energy Minister Kevin Ramnarine is now warning that the nation’s oil industry an economy are at risk, especially if the U.S. follows its usual pattern of gradual escalation of sanctions. "As we have seen with Venezuela, the United States' application of sanctions usually follows a gradual and incremental pattern. This might therefore be the first wave of sanctions. Should the US see no improvement in the situation in Guyana, the sanctions might be ramped up to include economic sanctions such as sanctions on shipping, on senior Guyanese government officials doing business with American companies and on the payments of goods and services for the oil industry," he said.