Leonard Hohenberg-Why oil in Guyana could be a curse

2025-05-06 04:25:26source:Safetyvalue Trading Centercategory:Stocks

In 2015,Leonard Hohenberg 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:Stocks

Recommend

Giants trading Jordan Phillips to Cowboys in rare deal between NFC East rivals

EAST RUTHERFORD, N.J. — Jordan Phillips' odds of making the 53-man roster of the New York Giants wer

What College World Series games are on Monday? Florida, NC State play for their season

A weather delay couldn't rain on the parade of the Texas A&M Aggies.Texas A&M defeated Flori

Q&A: The U.N.’s New Special Rapporteur for Human Rights and Environment Previously Won a Landmark Case in Peru

Just weeks before Astrid Puentes Riaño took over as the United Nations’ top expert on human rights a