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Views from the Center

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An oil rig in the ocean. Adobe Stock.

Guyana’s Oil Boom: 2 Steps Down, 4 to Go

ExxonMobil announced the discovery of two more massive oil fields off the coast of Guyana last month. If back-of-the-envelope estimates of around $5 billion of oil revenue per year are correct, that equates to around $6,410 USD per person—far more than the current GDP per capita of $4,655 USD. This wall of cash could be transformative or it could create a rash of new problems.

A Review of the U.S. Government's Review of Its Haiti Quake Response

This post is joint with Julie Walz.

Last week, USAID finally published an external review on its activities in Haiti: “Independent Review of the U.S. Government Response to the Haiti Earthquake”. The report is dated March 28, 2011. Yes, 2011. It took over a year to post the document on the USAID website. The review was conducted by MacFadden and Associates – which operates an $80M Indefinite Quantity Contract from USAID. There are some frank and enlightening assessments of USG response and coordination, but very little discussion of aid accountability.

Oil Nationalization? Why Chad is No Bolivia

Idriss Deby, President of ChadChad has expelled oil giants Chevron and Petronas from the country for allegedly failing to pay taxes. The press seems to be suggesting that the move is either another Bolivia-style nationalization or simply the government moving the American and Malaysian companies out of the way for another investor: