Dear Editor,
Petrostates by definition live or die by petroleum. When prices are high, and, for good measure rising, petrostates prosper, and when prices crash, they suffer (closest regional examples are Ecuador, Venezuela and Trinidad and Tobago during the last commodity super-cycle).
The article How Guyana fits into the petro boom-bust cycle and how it can cushion high volatility impacts appeared first on Stabroek News.
