Current:Home > InvestWhy oil in Guyana could be a curse -TradeSphere
Why oil in Guyana could be a curse
View
Date:2025-04-18 20:28:21
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! (6)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Paris Hilton Celebrates 6 Months With Angel Baby Phoenix in Sweet Message
- When an Actor Meets an Angel: The Love Story of Dylan Sprouse and Barbara Palvin
- Chicago’s Little Village Residents Fight for Better City Oversight of Industrial Corridors
- Sonya Massey's father decries possible release of former deputy charged with her death
- Paris Hilton Celebrates 6 Months With Angel Baby Phoenix in Sweet Message
- Stake Out These 15 Epic Secrets About Veronica Mars
- Chicago’s Little Village Residents Fight for Better City Oversight of Industrial Corridors
- Questlove charts 50 years of SNL musical hits (and misses)
- Revisit Sofía Vergara and Joe Manganiello's Steamy Romance Before Their Break Up
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- See the Photos of Kylie Jenner and Jordyn Woods' Surprise Reunion After Scandal
- Rush to Build Carbon Pipelines Leaps Ahead of Federal Rules and Safety Standards
- Pennsylvania Expects $400 Million in Infrastructure Funds to Begin Plugging Thousands of Abandoned Oil Wells
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Operator Error Caused 400,000-Gallon Crude Oil Spill Outside Midland, Texas
- Virtual Power Plants Are Coming to Save the Grid, Sooner Than You Might Think
- Australian Sailor Tim Shaddock and Dog Bella Rescued After 2 Months Stranded at Sea
Recommendation
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Can Iceberg Surges in the Arctic Trigger Rapid Warming at the Other End of The World?
All the Tragedy That Has Led to Belief in a Kennedy Family Curse
UN Adds New Disclosure Requirements For Upcoming COP28, Acknowledging the Toll of Corporate Lobbying
Trump wants to turn the clock on daylight saving time
Vecinos de La Villita temen que empeore la contaminación ambiental por los planes de ampliación de la autopista I-55
Vecinos de La Villita temen que empeore la contaminación ambiental por los planes de ampliación de la autopista I-55
Cities Stand to Win Big With the Inflation Reduction Act. How Do They Turn This Opportunity Into Results?