Canada’s New American Challenge
With the U.S. administration now engaged in trade talks regarding the Trans-Pacific Partnership, and President Obama’s intention, expressed in his last State of Union address, to embark on a free trade arrangement with the European Union, it is clear that trade policy in the U.S. is in for a major shift. The Canada–U.S. commercial relationship, … Read more
Is the Time Right for Energy Reform in Mexico?
In Mexico, the debate on opening the state oil company, Petróleos Mexicanos (Pemex), to private investment is well under way. On September 8, as President Enrique Peña Nieto unveiled the government’s budget for 2014, several thousand protesters gathered in the center of Mexico City in front of a massive banner that read “Por Nuestro Presente … Read more
Venezuela’s Private Sector Anxious to Invest if PDVSA Builds Confidence
Recent discussions when in Caracas and Maracaibo have made clear that as soon as the late Venezuelan President Hugo Chávez died, the strategy of Petróleos de Venezuela S.A. (PDVSA) became “pragmatism” in the face of “necessity.” My August 29 AQ Web Exclusive described PDVSA’s scramble for production by enlisting the private sector and by meeting … Read more
Peña Nieto’s Challenges: From Teacher Strikes to Energy Reform
The first nine months of Peña’s administration have kept the press busy and all of the country’s eyes and ears focused on what will happen next. He’s been characterized as bold, action-oriented and dynamic but clearly, not a team player. He was celebrated by many (yours truly included) in February when he presented an ambitious … Read more
The PDVSA Post-Chávez: Will Partnerships with the Private Sector and Chinese Experts Boost Oil Production?
Throughout 2012, and especially after President Hugo Chávez’ death in early March 2013, Venezuela’s national oil firm, Petróleos de Venezuela S.A. (PDVSA), has taken measures beyond anything done in the past decade to raise its lagging production. While the likely impact merits cautious analysis, the drivers of the Bolivarian Republic’s scramble for increased oil revenues … Read more
Peña Nieto Unveils Plan to Overhaul Mexican Energy Sector
Mexican President Enrique Peña Nieto revealed a set of reforms to the country’s energy sector on Monday which would open Mexico’s energy sector to foreign investors and allow private firms to access profit-sharing contracts with state-run oil monopoly Pemex. The reform package will be presented to the Congress this week and—if enacted—it will mark the … Read more
Financing Renewable Energy in Latin America
While renewable energy investment globally fell by 11 percent in 2012, renewable energy financing increased by 127 percent in Latin American countries, excluding Brazil. According to Bloomberg New Energy Finance, this included gains of 595 percent in Mexico, 313 percent in Chile, 285 percent in Uruguay, and 176 percent in Peru. In total, renewable energy … Read more
Thinking Twice about a Brazilian Gas Boom
SAO PAULO – The natural gas industry in Brazil is relatively new—large-scale development only began in 1999—but it has quickly become a key element of the national energy matrix, increasing its share to 11 percent in 2012. Domestic supply has grown on average 5 percent per year over the last decade, but the potential for … Read more
Eight Popular (& Misleading) Myths About Energy And Green Technology
Whether the issue is global warming, carbon footprints, energy security, or shale oil, energy is very much front and center in the region’s public policy agenda. Nevertheless, discussion has been riddled with suspicions, accusations and wishful thinking on all sides. Here are some of the biggest myths and fallacies to look out for. Click on … Read more
The Renewed Interest in Argentine Energy
Last year when Argentina expropriated most of Repsol’s majority stake in YPF, the country’s flagship oil and gas company, the Spanish government and the European Union howled in anger, leading calls to sanction Argentina and restrict trade in retaliation. The high drama in April 2012 culminated in a few months of frosty relations between Spain … Read more
Will the Darién Gap Stop the Region’s Electrical Integration?
In April last year, the Colombian government announced its intention to pursue the creation of an interconnected electrical grid from Mexico to Tierra del Fuego. Naming the project “Connecting the Americas 2022” (“Connect 2022” ), the Colombians had picked up the idea from Washington and included it in last year’s agenda at the Summit of … Read more
Central America Unplugged
The integration of Central America’s fragmented electricity market has always seemed a no-brainer—at least to outsiders. A seamless grid for delivery of electricity would not only make regional power generation projects affordable, but would also reduce costs to consumers and governments alike, as well as strengthen energy security at the national level. The foundations for … Read more
Clean, Cheap Energy
While clean energy sources are gradually becoming more affordable, wind turbines and solar panels are still prohibitively expensive for much of the world’s poor. To fill the demand for cheap, alternative energy, a number of do-it-yourself innovations that cost next to nothing have popped up across the globe. They require little technical expertise to use, … Read more
Ask the Experts: Energy
Pedro Joaquín Coldwell answers: We should appreciate first the progress we have already achieved in the region. Mexico now has a legal framework—non-existent just six years ago—for promoting renewable energies, which establishes goals for cutting down on emissions and contemplates that 35 percent of all power used in the country will be produced through clean … Read more
Is Brazil the Energy Power of the Future (and always will be)?
Read sidebars on wind, solar and geothermal energy. Brazil’s pro-álcool (pro alcohol) policy, which for decades had sought to substitute gasoline with locally produced sugarcane ethanol—a goal once dismissed as folly—suddenly became a world model. Brazil was hailed as the “Saudi Arabia of biofuels,” and massive investment plans were launched. That year, my firm, Garten-Rothkopf, … Read more
