Current:Home > StocksWhy oil in Guyana could be a curse -PureWealth Academy
Why oil in Guyana could be a curse
View
Date:2025-04-16 14:38:38
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! (53968)
Related
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Will Costco, Walmart, Target be open Memorial Day 2024? What to know about grocery stores
- Widespread power outages, risk of tornadoes as Houston area gets pummeled again by thunderstorms
- Billie Eilish embraces sex, love and heartbreak with candor on new album. Here's the best song.
- Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star
- What to stream this week: Billie Eilish and Zayn Malik albums, ‘Bridgerton,’ and ‘American Fiction’
- State Department removes Cuba from short list of countries deemed uncooperative on counterterrorism
- Blue Origin preparing return to crewed space flights, nearly 2 years after failed mission
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- King Charles III's bright red official portrait raises eyebrows
Ranking
- Breaking debut in Olympics raises question: Are breakers artists or athletes?
- These Beverly Hills, 90210 Secrets Are Saucier Than Kissing Your Ex at Your Best Friend's Wedding
- Eva Mendes Breaks Ryan Gosling Relationship Rule to Celebrate Milestone
- Bones found in 1989 in a Wisconsin chimney identified as man who last contacted relatives in 1970
- NCAA hands former Michigan coach Jim Harbaugh a 4-year show cause order for recruiting violations
- State Department removes Cuba from short list of countries deemed uncooperative on counterterrorism
- Blue Ivy Carter nominated for YoungStars Award at 2024 BET Awards
- Nissan data breach exposed Social Security numbers of thousands of employees
Recommendation
North Carolina justices rule for restaurants in COVID
Half of Amazon warehouse workers struggle to cover food, housing costs, report finds
How Michael Porter Jr.’s work with a psychotherapist is helping fuel his success
College professor to stand trial in death of pro-Israel counter-protester last year
The seven biggest college football quarterback competitions include Michigan, Ohio State
Experts say coral reef bleaching near record level globally because of ‘crazy’ ocean heat
Harris reports Beyoncé tickets from the singer as White House releases financial disclosures
What to stream this week: Billie Eilish and Zayn Malik albums, ‘Bridgerton,’ and ‘American Fiction’