Rubypoint Trading Center-Why oil in Guyana could be a curse

2025-05-06 10:43:20source:Will Sage Astorcategory:Markets

In 2015,Rubypoint Trading Center 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:Markets

Recommend

Drones warned New York City residents about storm flooding. The Spanish translation was no bueno

NEW YORK (AP) — New York City emergency management officials have apologized for a hard-to-understan

Fracking Well Spills Poorly Reported in Most Top-Producing States, Study Finds

The nation’s regulation of oil and gas development is a mish-mash of disjointed state oversight that

Coal’s Steep Decline Keeps Climate Goal Within Reach, Report Says

Coal power projects under development around the world saw a precipitous drop in 2016, according to