Current:Home > ScamsWhy oil in Guyana could be a curse -FundGuru
Why oil in Guyana could be a curse
View
Date:2025-04-24 15:04:44
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! (5955)
Related
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Cameo is being used for political propaganda — by tricking the stars involved
- MLB Misery Index: New York Mets season already clouded by ace's injury, star's free agency
- See Olivia Wilde and More Celebs Freeing the Nipple at Paris Fashion Week
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Pentagon review of Lloyd Austin's hospitalization finds no ill intent in not disclosing but says processes could be improved
- Pentagon review of Lloyd Austin's hospitalization finds no ill intent in not disclosing but says processes could be improved
- Debt, missed classes and anxiety: how climate-driven disasters hurt college students
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Man to plead guilty to helping kill 3,600 eagles, other birds and selling feathers prized by tribes
Ranking
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Notable numbers capture the wild weather hitting much of the US this week
- Your map to this year's Oscar nominees for best International Feature Film
- President Joe Biden makes surprise appearance on 'Late Night with Seth Meyers' for show's 10th anniversary
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Debt, missed classes and anxiety: how climate-driven disasters hurt college students
- Evers again asks Wisconsin Republicans to release $125M to combat forever chemicals pollution
- Cameo is being used for political propaganda — by tricking the stars involved
Recommendation
Rylee Arnold Shares a Long
Brielle Biermann Engaged to Baseball Player Billy Seidl
Make Your Blowout Last with This Drugstore Hairspray That's Celebrity Hairstylist-Approved
U.S. and U.K. conduct fourth round of joint airstrikes on Houthi targets in Yemen
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
Bronze pieces from MLK memorial in Denver recovered after being sold for scrap
Ole Anderson, founding member of the pro wrestling team known as The Four Horsemen, has died
Evers again asks Wisconsin Republicans to release $125M to combat forever chemicals pollution