Will Venezuela Go To War Over Oil?

The dispute over Guyana Esequiba began in 1840 when the British demarcated the undisputed and unsettled frontier between British Guiana and Venezuela, by means of the “Schomburgk Line”.

By Viktor Katona for Oilprice.com

RIO DE JANEIRO, BRAZIL - The interest globally attributed to Guyana has aggravated Venezuela’s long-standing grievances over the disputed Essequibo province – before 2015 the Venezuela vs Guyana oil standoff was akin to a David vs Goliath story but now, with Guyana building up its oil reserves tally and continuing to attract new investors, the balance has become a lot more nuanced. Amid all of this, Venezuelan President Nicolás Maduro has pledged to reconquer Essequibo.

At first glance, the proposition that Venezuela should go to war over a disputed territory, let alone with . . .

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