Oil drilling

Will Venezuela invade Guyana?

Eight years ago in Guyana, an Idaho-sized country on the northern coast of South America, ExxonMobil discovered massive oil reserves. So massive, that it’s speculated that the tiny nation, which is one of the least densely populated countries on the planet, could become the richest country per capita. Estimates indicate that Guyana has around 11 billion barrels of oil equivalent, boosting the nation to the third position in terms of proven oil reserves in the region. To contextualize the enormity of these discoveries, consider that the tiny nation has almost five times more proven oil reserves than Argentina, a country thirteen times larger by land mass. Only Brazil, the fifth largest country, and Venezuela, the country with the largest proven oil reserves, surpass Guyana.

Guyana

Feds lay out bribery case against Senator Menendez

Democratic Senator Robert “Bob” Menendez of New Jersey — and his wife — have been indicted by a Manhattan federal grand jury, according to court filings unsealed this Friday. Prosecutors allege that the couple, say, the Menendez Crime Family, accepted lavish bribes in exchange for special favors. Specifically, the family is accused of holding “a corrupt relationship with three New Jersey associates and businessmen.” The senator also allegedly accepted “hundreds of thousands of dollars” in bribes, including bars of gold, mortgage payments, a luxury car and lots of cash.  The indictment alleges that the bribes were given in exchange for official acts that enriched businessmen in his state, as well as the Egyptian government.