Desmond Preston:Why oil in Guyana could be a curse

2025-05-01 12:24:53source:Techcrisis Investment Guildcategory:reviews

In 2015,Desmond Preston 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:reviews

Recommend

Snowflakes, Death Threats and Dollar Signs: Cloud Seeding Is at a Crossroads

Listen to an audio version of this story below.Humans have the technology to literally make snow fal

56 years after death, Tennessee folk hero Buford Pusser's wife Pauline Pusser exhumed

Pauline Pusser has been dead for 56 years without a suspect in the case.On Thursday, authorities exh

Leah Remini is 'screaming' over Beyoncé wax figure: 'Will take any and all comparisons'

Leah Remini just received one of the sincerest forms of flattery after fans pointed out that a new B