Current:Home > MarketsWhy oil in Guyana could be a curse -Triumph Financial Guides
Why oil in Guyana could be a curse
View
Date:2025-04-27 23:56:33
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! (9)
Related
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Jennifer Lopez and Ben Affleck's Real Breakup Date Revealed
- Some of Arizona’s Most Valuable Water Could Soon Hit the Market
- Detroit judge is sued after putting teen in handcuffs, jail clothes during field trip
- Don't let hackers fool you with a 'scam
- Plane crashes into west Texas mobile home park, killing 2 and setting homes ablaze
- Jennifer Lopez's Ex Alex Rodriguez Posts Cryptic Message Amid Split From Ben Affleck
- Lithium drilling project temporarily blocked on sacred tribal lands in Arizona
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Florence Welch joins Taylor Swift on stage in Wembley
Ranking
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Former assistant dean of Texas college accused of shaking, striking infant son to death
- She didn’t see her Black heritage in crossword puzzles. So she started publishing her own
- Here’s the schedule for the DNC’s third night in Chicago featuring Walz, Clinton and Amanda Gorman
- This was the average Social Security benefit in 2004, and here's what it is now
- 3-year-old girl is among 9 people hurt in 2 shootings in Mississippi capital city
- Some of Arizona’s Most Valuable Water Could Soon Hit the Market
- Several factors may be behind feelings of hypochondria. Here are the most common ones.
Recommendation
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Jennifer Lopez files for divorce from Ben Affleck after 2 years of marriage
All the Signs Ben Affleck and Jennifer Lopez Were Headed for a Split
A Victoria Beckham Docuseries Is Coming to Netflix: All the Posh Details
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
Democrats get a third-party hopeful knocked off Pennsylvania ballot, as Cornel West tries to get on
‘The fever is breaking': DeSantis-backed school board candidates fall short in Florida
Mega Millions winning numbers for August 20 drawing: Jackpot climbs to $527 million