Rubypoint-Why oil in Guyana could be a curse

2025-05-01 02:25:36source:CapitalVaultcategory:Contact

In 2015,Rubypoint 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.

More:Contact

Recommend

Apple iOS 18.2: What to know about top features, including Genmoji, AI updates

Get ready for phase two.Apple's latest operating system update is available today for iPhone, iPad,

From his Montana ranch, a retired lawmaker in a crowded House race is angling for a comeback

BILLINGS, Mont. (AP) — From a ranch in one of America’s largest and newest congressional districts,

The FDA is weighing whether to approve MDMA for PTSD. Here's what that could look like for patients.

Ahead of a key meeting Tuesday to weigh the potential approval of midomafetamine, or MDMA, for patie