The Tiny Nation Suddenly Swimming In Oil
Big Take18 Marras 2022

The Tiny Nation Suddenly Swimming In Oil

What happens when a small country all of a sudden strikes it fantastically rich? The South American country of Guyana, is finding out in a big way. A nation of just 800,000 people, its economy centered on agriculture and mining–until 2015, when Exxon discovered a massive oil field beneath Guyana’s territorial waters.

Now, Guyana is flush with oil riches. Monte Reel, a Bloomberg investigative reporter, joins this episode to tell the story of the unusual way the government plans to spend some of it– future-proofing the country from rising water that threatens its shores. But in 2015, Guyana — more specifically Exxon — struck oil. Billions and billions of barrels worth of oil. Now the country is going all in on its oil discovery — even as it navigates a warming planet.

Monte Reel is an investigative reporter for Bloomberg and recently spent time in Guyana. He joins this episode to share how this small country is navigating this massive influx of oil money.

Learn more about this story here: https://bloom.bg/3UMLv2P

Listen to The Big Take podcast on iHeart, Apple Podcasts, Spotify.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

See omnystudio.com/listener for privacy information.

Jaksot(813)

How China Defied the Odds in 2025

How China Defied the Odds in 2025

China started 2025 with deflation, a property crisis and fears of a “lost decade” damping sentiment. By year’s end, it had stunned the world with an AI breakthrough, a trillion-dollar trade surplus an...

30 Joulu 202520min

Why African Startups Are Embracing DeepSeek

Why African Startups Are Embracing DeepSeek

Chinese tech companies Huawei and DeepSeek are teaming up to offer cloud computing and AI services. And they’re pitching African startups on using their offerings over Western competitors like OpenAI ...

29 Joulu 202518min

Tariffed: The Toymaker That Took on Trump Part Three

Tariffed: The Toymaker That Took on Trump Part Three

Since the start of his second term, US President Donald Trump has imposed sweeping tariffs – especially on China, where most toys are made. On today’s Big Take Asia Podcast, host Oanh Ha talks with R...

26 Joulu 202523min

Tariffed: The Toymaker That Took on Trump Part Two

Tariffed: The Toymaker That Took on Trump Part Two

The US-China trade war has upended global manufacturing, forcing companies like Chicago-based Learning Resources to fundamentally change how and where its products are made, even as it challenges the ...

25 Joulu 202522min

Tariffed: The Toymaker That Took on Trump Part One

Tariffed: The Toymaker That Took on Trump Part One

President Trump’s trade threw American businesses, which source everything from aircraft parts to baby strollers from China, into chaos. Over this year, some companies challenged the president’s tarif...

24 Joulu 202528min

Why Instacart Backtracked on an AI-Pricing Experiment

Why Instacart Backtracked on an AI-Pricing Experiment

This month, the think-tank the Groundwork Collaborative, Consumer Reports and the news nonprofit More Perfect Union released a report finding that Instacart had been using an AI tool to run algorithmi...

23 Joulu 202519min

Even a US Blockade of Venezuela Isn’t Spiking Oil Prices

Even a US Blockade of Venezuela Isn’t Spiking Oil Prices

From OPEC powerhouses and US shale producers to countries like Guyana, global producers are drilling more oil and driving down prices. And with the potential for a ceasefire in Russia and pressure on ...

22 Joulu 202519min

Weekend Listen: Lynsey Addario Keeps Going Back to Photograph War

Weekend Listen: Lynsey Addario Keeps Going Back to Photograph War

Lynsey Addario’s life work means taking great risks to tell other people’s stories. She is a Pulitzer Prize winning war photographer who has been abducted twice while documenting conflicts from Afgha...

21 Joulu 202544min

Suosittua kategoriassa Politiikka ja uutiset

aikalisa
rss-ootsa-kuullut-tasta
tervo-halme
ootsa-kuullut-tasta-2
politiikan-puskaradio
rss-vaalirankkurit-podcast
viisupodi
rss-podme-livebox
otetaan-yhdet
et-sa-noin-voi-sanoo-esittaa
rss-tasta-on-kyse-ivan-puopolo-verkkouutiset
rss-asiastudio
the-ulkopolitist
mtv-uutiset-polloraati
rss-kaikki-uusiksi
rss-hyvaa-huomenta-bryssel
rss-merja-mahkan-rahat
rss-kuka-mina-olen
rss-raha-talous-ja-politiikka
rss-sanna-ukkola-show-verkkouutiset