Current:Home > NewsWhy oil in Guyana could be a curse -FinanceCore
Why oil in Guyana could be a curse
View
Date:2025-04-25 22:09:24
In 2015, Guyana changed forever when ExxonMobil discovered major oil deposits off its coast. The impoverished South American country known for its thick rainforest was suddenly on course to sudden wealth.
But while a mining boom may seem like only a good thing, it can often be bad for countries long-term. Today on the show, how Guyana can still avoid the so-called resource curse.
Related episodes:
Norway has advice for Libya
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
veryGood! (13)
Related
- What to watch: O Jolie night
- US stocks drop, oil climbs over Iran strike amid escalating Mideast tensions
- Andrew Garfield Addresses Rumor La La Land Is About Relationship With Ex Emma Stone
- See Travis Kelce star in Ryan Murphy's 'Grotesquerie' in new on-set photos
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- US stocks drop, oil climbs over Iran strike amid escalating Mideast tensions
- Video shows Russian fighter jet in 'unsafe' maneuver just feet from US Air Force F-16
- Washington airman receives award after carrying injured 79-year-old hiker down trail
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- First and 10: Inevitable marriage between Lane Kiffin and Florida now has momentum
Ranking
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- NFL power rankings Week 5: Do surging Baltimore Ravens rocket all the way up to No. 1?
- FBI will pay $22.6 million to settle female trainees' sex bias claims
- Doctor charged in connection with Matthew Perry’s death is expected to plead guilty
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Millie Bobby Brown and Jake Bongiovi Share Behind-the-Scenes Look at Italian Wedding Ceremony
- Man charged in California courthouse explosion also accused of 3 arson fires
- Jonathan Majors’ ‘Magazine Dreams’ lands theatrical release for early 2025
Recommendation
Woman dies after Singapore family of 3 gets into accident in Taiwan
Sarah Paulson on the rigors of 'Hold Your Breath' and being Holland Taylor's Emmy date
Woody Allen and His Wife Soon-Yi Previn Make Rare Public Appearance Together in NYC
No one expects a judge’s rollback of Georgia’s abortion ban to be the last word
Dick Vitale announces he is cancer free: 'Santa Claus came early'
A Family of Beekeepers Could Lose Their Hives Because of a Massive Pipeline Expansion
Inside Pauley Perrette's Dramatic Exit From NCIS When She Was the Show's Most Popular Star
Dakota Fanning Details Being Asked “Super Inappropriate Questions” as a Child Star