Current:Home > FinanceWhy oil in Guyana could be a curse -MoneyStream
Why oil in Guyana could be a curse
View
Date:2025-04-13 01:07:34
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! (8)
Related
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Israelis search for loved ones with posts and pleas on social media
- Death of Atlanta deacon who was electrically shocked during arrest ruled a homicide
- Film Prize Jr. New Mexico celebrates youth storytellers in latest competition
- Could your smelly farts help science?
- U.S. working to verify reports of Americans dead or taken hostage in Israel attack, Blinken says
- North Carolina Republican Rep. Kristin Baker won’t seek reelection in 2024
- Flag football is coming to the Los Angeles Olympics in 2028
- Could your smelly farts help science?
- Israel attacks spark outrage from GOP presidential candidates
Ranking
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Powerball jackpot winners can collect the $1.5 billion anonymously in these states
- Apple is urging everyone to update iPhone and iPad iOS (again). Why you should do it now.
- Why Wheel of Fortune's Vanna White Thinks Pat Sajak's Daughter Is a Good Replacement for Her
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Georgia impresses, but Michigan still leads the college football NCAA Re-Rank 1-133
- Krispy Kreme, Scooby-Doo partner to create limited-edition Scooby-Doo Halloween Dozen
- North Carolina Republican Rep. Kristin Baker won’t seek reelection in 2024
Recommendation
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Russia claims `neo-Nazis’ were at wake for Ukrainian soldier in village struck by missile killing 52
IMF and World Bank pledge Africa focus at first meetings on the continent in 50 years
Fantasy football stock watch: Vikings rookie forced to step forward
South Korean president's party divided over defiant martial law speech
Here's what is open and closed on Columbus Day/Indigenous People's Day
Why Brooke Burke Was Tempted to Have “Affair” With Derek Hough During DWTS
Biden interviewed as part of special counsel investigation into handling of classified documents