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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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