The Tiny Nation Suddenly Swimming In Oil
Big Take18 Nov 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.

Episoder(853)

The Sixth Bureau Episode 3: Suck, Squeeze, Burn, Blow

The Sixth Bureau Episode 3: Suck, Squeeze, Burn, Blow

In Episode 3 of The Sixth Bureau, a series from The Big Take, we follow a spy from China’s Ministry of State Security to the Paris Air Show, and then watch him develop a valuable source, despite his b...

20 Feb 21min

Trump’s Plan to Dismantle the Department of Education

Trump’s Plan to Dismantle the Department of Education

The Department of Education has been a target of critics for decades. Republicans in the Oval Office have repeatedly tried to shrink the agency, and in his second term, President Trump has vowed to el...

19 Feb 19min

The Race to Buy Real Estate in Mecca

The Race to Buy Real Estate in Mecca

For the first time in history, Saudi Arabia is allowing international buyers to purchase property in Mecca. This regulatory shift has ignited a building boom, raising concerns over affordability and o...

18 Feb 17min

Where’s the Beef? Inside the Fragile Cattle Market

Where’s the Beef? Inside the Fragile Cattle Market

Inflation in the US has cooled from pandemic peaks, but there’s a grocery product telling a different story: beef. The price of uncooked ground beef soared by the most since June 2020 in government da...

17 Feb 14min

The Sixth Bureau, Episode 2: The Spy’s Diary

The Sixth Bureau, Episode 2: The Spy’s Diary

In Episode 2 of The Sixth Bureau, a limited-run series from The Big Take, we learn how China’s Ministry of State Security recruits experts in the West — and why intelligence officers shouldn’t keep th...

13 Feb 30min

The Sixth Bureau, Episode 1: Your Friend From Nanjing

The Sixth Bureau, Episode 1: Your Friend From Nanjing

It’s an open secret that the Chinese government has engaged in a global campaign to acquire intellectual property from foreign rivals. At the center of that campaign is the Ministry of State Security,...

13 Feb 12min

Trump Accounts Promise Free Money. What's the Catch?

Trump Accounts Promise Free Money. What's the Catch?

In July, American parents will be eligible to open Trump Accounts on behalf of their children. The administration touts these investment accounts as a way to help the next generation achieve the Ameri...

12 Feb 18min

Finally, Some Good News on US Jobs

Finally, Some Good News on US Jobs

The latest jobs report from the US Bureau of Labor Statistics is a mixed bag. January’s numbers came in much stronger than expected — but revisions on 2025 data showed a weaker year than previously re...

11 Feb 18min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
forklart
i-retten
popradet
stopp-verden
aftenpodden-usa
lydartikler-fra-aftenposten
rss-gukild-johaug
det-store-bildet
fotballpodden-2
dine-penger-pengeradet
nokon-ma-ga
rss-ness
hanna-de-heldige
aftenbla-bla
frokostshowet-pa-p5
rss-penger-polser-og-politikk
e24-podden
rss-utenrikskomiteen-med-bogen-og-grasvik