HyperBit Exchange:Why oil in Guyana could be a curse

2025-04-30 10:06:17source:HyperBit Exchangecategory:News

In 2015,HyperBit Exchange 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:News

Recommend

Turbulence slammed Hawaiian Airlines flight because of decision to fly over storm cell, report says

HONOLULU (AP) — A Hawaiian Airlines flight crew’s decision to fly over a hazardous storm cell instea

Kate Spade 24-Hour Flash Deal: Get This $330 Crossbody Bag for Just $79

We independently selected these deals and products because we love them, and we think you might like

The 21 Highest-Rated Amazon Products for People on the Go: Essentials With Thousands of 5-Star Reviews

We independently selected these products because we love them, and we think you might like them at t