Current:Home > MyWhy oil in Guyana could be a curse -FinTechWorld
Why oil in Guyana could be a curse
View
Date:2025-04-18 17:10:29
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! (2)
Related
- Current, future North Carolina governor’s challenge of power
- Inmate who escaped from Houston courthouse after holding staffer at knifepoint caught following hours-long manhunt
- Maps and photos show massive rainfall in Florida as flooded communities face ongoing downpours
- Texas man dies, woman injured by electrocution in hot tub at Mexico resort
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- What College World Series games are on Friday? Schedule, how to watch Men's CWS
- Report finds Colorado was built on $1.7 trillion of land expropriated from tribal nations
- Watch Georgia man's narrow escape before train crashes into his truck
- Sam Taylor
- 90 Day Fiancé’s Liz Calls Out Big Ed With Scathing Message in Awkward AF Final Goodbye
Ranking
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Judge says trial is required to decide government’s antitrust case over Google’s advertising tech
- Maps and photos show massive rainfall in Florida as flooded communities face ongoing downpours
- Serena Williams says getting ghosted at 20 motivated her game: 'He's going to regret this'
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- US diplomat warns of great consequences for migrants at border who don’t choose legal pathways
- Bloodstained Parkland building will be razed. Parent says it's 'part of moving forward'
- 2024 Tour de France begins June 29 and includes historic firsts. Everything to know
Recommendation
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Are prebiotic sodas like Poppi healthy? Here's what dietitians say after lawsuit filed
Get an Extra 40% Off Anthropologie Sale Styles, 70% Off Tarte Cosmetics, $50 Off Cuisinart Gadgets & More
Biden says he won't commute any sentence Hunter gets: I abide by the jury decision
Nevada attorney general revives 2020 fake electors case
Peloton instructor Kendall Toole announces departure: 'See you in the next adventure'
TikTokers are eating raw garlic to cure acne in viral videos. Does it actually work?
Trump once defied the NRA to ban bump stocks. He now says he ‘did nothing’ to restrict guns