Current:Home > StocksWhy oil in Guyana could be a curse -AssetLink
Why oil in Guyana could be a curse
View
Date:2025-04-27 12:18:49
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! (4393)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Barking dog leads good Samaritan to woman shot, crying for help
- Family using metal detector to look for lost earring instead finds treasures from Viking-era burial
- Family using metal detector to look for lost earring instead finds treasures from Viking-era burial
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Meet the New York judge deciding the fate of Trump's business empire
- The military is turning to microgrids to fight global threats — and global warming
- I believe in the traditional American dream. But it won't be around for my kids to inherit.
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Powerball jackpot grows as no winners were drawn Saturday. When is the next drawing?
Ranking
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Patrick Mahomes overcomes uncharacteristic night to propel Chiefs to close win vs. Jets
- New York Gov. Kathy Hochul says last-minute disaster assistance is unconscionable after record-breaking rain
- Environmental groups demand emergency rules to protect rare whales from ship collisions
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Microsoft CEO says unfair practices by Google led to its dominance as a search engine
- All We Want for Christmas Is to Go to Mariah Carey's New Tour: All the Concert Details
- Runners off the blocks: Minneapolis marathon canceled hours before start time
Recommendation
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
U.K.'s Sycamore Gap tree, featured in Robin Hood movie, chopped down in deliberate act of vandalism
Work starts on turning Adolf Hitler’s birthplace in Austria into a police station
'It's a toxic dump': Michigan has become dumping ground for US's most dangerous chemicals
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
5 dead, including 2 children, after Illinois crash causes anhydrous ammonia leak
It's don't let the stars beat you season! Four pivotal players for MLB's wild-card series
A former Family Feud contestant convicted of wife's murder speaks out: I'm innocent. I didn't kill Becky.