Current:Home > NewsWhy oil in Guyana could be a curse -SovereignWealth
Why oil in Guyana could be a curse
View
Date:2025-04-18 00:01:29
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! (2838)
Related
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Will March Madness produce mascot mayhem? Some schools have history of bad behavior
- Apple has kept an illegal monopoly over smartphones in US, Justice Department says in antitrust suit
- A hot air balloon crashed into a power line and caused a fire, but everyone is OK
- A South Texas lawmaker’s 15
- Major airlines want to hear how Boeing plans to fix problems in the manufacturing of its planes
- Florida city commissioner accused of spending 96-year-old's money on facelift, hotels
- Meeting the mother of my foster son changed my mind about addiction – and my life
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Lawmakers unveil $1.2 trillion funding package, kicking off sprint to avoid government shutdown
Ranking
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- One of the last remaining Pearl Harbor attack survivors, Richard Dick Higgins, has died at 102
- Ariana Grande, Ethan Slater and the Entire Wicked Cast Stun in New Photos
- February home sales hit strongest pace in a year as mortgage rates ease and more houses hit market
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- U.S. hits Apple with landmark antitrust suit, accusing tech giant of stifling competition
- Stuck at home during COVID-19, Gen Z started charities
- Pennsylvania house fire kills man, 4 children as 3 other family members are rescued
Recommendation
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Ohio police share video showing a car hit a child crossing street in Medina: Watch
'We were surprised': Intermittent fasting flagged as serious health risk
'Survivor' Season 46 recap: One player is unanimously voted and another learns to jump
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Prosecutors say Donald Trump’s hush money trial should start April 15 without further delay
Hilary Duff’s 12-Year-Old Son Luca Is All Grown Up in Sweet Birthday Tribute
Hyundai recalls more than 98,000 cars due to loss of drive power