Current:Home > MarketsWhy oil in Guyana could be a curse -AssetLink
Why oil in Guyana could be a curse
View
Date:2025-04-22 01:03:50
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! (7771)
Related
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- When is Tax Day 2024? Deadlines for filing tax returns, extensions and what you need to know
- NBC hired former RNC chair Ronna McDaniel. The internal uproar reeks of blatant anti-GOP bias.
- Cases settled: 2 ex-officials of veterans home where 76 died in the pandemic avoid jail time
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Yellen says China’s rapid buildout of its green energy industry ‘distorts global prices’
- Smuggling suspect knew of frigid cold before Indian family’s death on Canada border, prosecutors say
- Halle Berry reveals perimenopause was misdiagnosed as the 'worst case of herpes'
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Sean 'Diddy' Combs' lawyer says rapper is innocent, calls home raids 'a witch hunt'
Ranking
- Former Milwaukee hotel workers charged with murder after video shows them holding down Black man
- After a county restricted transgender women in sports, a roller derby league said, ‘No way’
- Supreme Court seems poised to reject abortion pill challenge after arguments over FDA actions
- Sean ‘Diddy’ Combs’ lawyer says raids of the rapper’s homes were ‘excessive’ use of ‘military force’
- A New York Appellate Court Rejects a Broad Application of the State’s Green Amendment
- Smuggling suspect knew of frigid cold before Indian family’s death on Canada border, prosecutors say
- Texas’ migrant arrest law is on hold for now under latest court ruling
- Sister Wives' Hunter Brown Shares How He Plans to Honor Late Brother Garrison
Recommendation
The 401(k) millionaires club keeps growing. We'll tell you how to join.
Time, money, lost business are part of hefty price tag to rebuild critical Baltimore bridge
Activists forming human chain in Nashville on Covenant school shooting anniversary
3 moves to make a month before your retirement
Paris Olympics live updates: Quincy Hall wins 400m thriller; USA women's hoops in action
Jimmer Fredette among familiar names selected for USA men’s Olympic 3x3 basketball team
Jhené Aiko announces 2024 tour: How to get tickets to Magic Hour Tour
Is ghee healthier than butter? What a nutrition expert wants you to know