Just as Guyana is beginning to emerge out of the Covid darkness, the Omicron variant has been first detected in South Africa but almost simultaneously discovered in other countries such as Israel, Belgium and other African countries. It reportedly has a higher degree of transmissibility than the Delta variant and, if so, may well be more resistant to the vaccine, although much of these suspicions are yet to be scientifically confirmed. Almost immediately upon confirmation the price for oil on the world market decreased by US$10 and the US stock market (Dow Jones Industrial Index) fell by 1,000 points although it recovered somewhat later the same day.
