cain posted:DG it is possible the US and Britain did not want the government at the time of the find, to be in a position where they could have become wealthy. It would be interesting to find out more on this and as you said..why did things go blank?
Cain, briefly to your comments.
In the early 1960 explorations showed that oil and natural resources exist in commercial quantities in Guyana.
However due to the political situation; first with the PPP in government the approach for further developments were depressed.
When the PNC came to power in 1964 there were a few initiatives. However, as the political situation made a drastic turn when the PNC government nationalised businesses and Forbes Burnham was firmly aligned with the then USSR, issues came to an end.
Also of note, oil was already developed in Venezuela and Trinidad, places which were then; especially Venezuela; firmly aligned with the US_of_A.