ExxonMobil's major oil discovery in Guyana has led to a boom in development in the country. Guyana, one of the poorest countries in South America, is expected to receive over $100 billion from the project over the next 15 years. The government plans to use the money to update the country's health system, education system, and infrastructure. However, there are concerns about how the wealth generated will be distributed and whether it will benefit the general public. There are worries that the oil boom could lead to corruption, political instability, and a hollowing out of the economy, as seen in other countries with large oil discoveries. The impact of climate change on Guyana is also a concern, as rising sea levels could flood the capital city of Georgetown. Additionally, there is a potential threat from neighboring Venezuela, which has threatened to annex part of Guyana, including its oil fields. The government is working to protect its interests and has formed military alliances with the US and other countries. Locals in Guyana have mixed views on the oil boom, with some hoping it will bring economic opportunities, while others are concerned about rising costs and displacement. The success of Guyana's oil wealth will depend on how the government manages the funds and ensures that the benefits are shared with the population. [c765ae53]