Guyana found huge oil reserves 10 years ago, so why are most people still poor?

Despite discovering significant oil reserves a decade ago, many people in Guyana remain impoverished due to a lopsided deal that primarily benefits major oil companies like Chevron and Exxon. The recent approval by the International Chamber of Commerce for Chevron to take over Hess Oil's stake in a major offshore oilfield raises questions about when the local population will see any real benefits from this energy boom. This situation highlights the ongoing struggle for equitable resource distribution and the need for policies that ensure the wealth generated from natural resources translates into improved living conditions for all Guyanese.