A string of major discoveries offshore Guyana has drawn hundreds of millions of dollars in a quest for crude. (Bloomberg) — The world’s hottest offshore prospect for oil companies is off the coast of Guyana, where a string of major discoveries has drawn hundreds of millions of dollars in a quest for crude. The Trump administration is hoping to lure some of that investment to the U.S. with a proposal to sell leases in almost every inch of the nation’s outer continental shelf — including territory hugging the U.S. East Coast that share characteristics with Guyana, a tiny South American country. Geologists speculate that those U.S. waters could hold an equally tantalizing amount of crude oil and natural gas. But oil companies may not be willing to endure the high production costs and public opposition to find out. Gushers of litigation are more likely than gushers of oil. “The […]