Chile’s Unlikely Energy Success Story
Just five years ago, Chile was in the midst of an energy crisis. Argentina had stopped sending natural gas across the Andes, and the threat of blackouts and energy rationing was real. Energy prices were among the highest in the region, the sector was dominated by a handful of monopolistic utility companies, and the private … Read more
Petrobras and Similar Oil Companies Are Struggling. Now What?
Calling it a “crisis” would be an understatement. Across Latin America, several state-run oil companies that thrived during last decade’s commodities boom are now hemorrhaging billions of dollars a month, seeking emergency funds, laying off workers — and facing fundamental questions about what their future should look like. Following the sustained plunge in global oil … Read more
Deploy U.S. Energy Resources for Regional Growth
In the new issue of Americas Quarterly, we asked people, “What would you tell the next U.S. president about Latin America?” To see other authors’ responses, click here. Dear Mister / Madam President, It is often said that you can’t have your cake and eat it too. However, with respect to energy policy and Latin … Read more
Uruguay Oil Investment Bucks Global Pullback
After decades of standing by as neighbors Brazil and Argentina struck it rich in oil, Uruguay is getting into the action. Oil majors Total, ExxonMobil and Statoil are all making big investments in the tiny South American country, attracted by new projections that Uruguay may hold an “elephant” of an oil field. Problem is, with oil … Read more
This Week in Latin America: Obama in Havana, Venezuela in Crisis
Sign up here to get This Week in Latin America delivered straight to your inbox every Monday. Cuba, Argentina Host Obama: Cuba and Argentina each play host to U.S. President Barack Obama this week, with human rights issues shading both visits. Today, Obama will hold a working meeting with Cuban President Raúl Castro, who will then host a state dinner … Read more
Russia Is Beating China to Venezuela’s Oil Fields
This article is adapted from our 1st print issue of 2016. For a trial subscrition to AQ for just $1, click here. The late Venezuelan President Hugo Chávez, had long envisioned China becoming Venezuela’s biggest oil-sector production partner. So when Rafael Ramírez, then president of Petróleos de Venezuela, S.A. (PDVSA), announced in January 2013 that … Read more
Alberta’s Left Turn
Until this year, Alberta was known as Canada’s most conservative province. But in May, Albertans elected for the first time the left -of-center New Democratic Party (NDP) to run their government. The huge change at the top for Canada’s fourth-largest province in terms of population — and the country’s leading petroleum producer — will have … Read more
Oil Companies’ Uncertain Return to Mexico
Mexico welcomed international oil companies back into its borders for the first time in 77 years, today, with the announcement of winning bids for rights to explore 14 shallow-water oil blocks in the Gulf of Mexico. Though just two of the available blocks garnered successful bids, the auction was an early step in what will be … Read more
Paraguay’s Surprisingly Powerful Voice in Climate Negotiations
When Paraguay joined ranks with a group of fellow Latin American countries at the United Nations climate talks this month, the media scarcely noticed. After all, its coverage of the UN’s ongoing negotiations to deal with global warming tend to focus on more “dramatic” developments—spats between major powers and the glacial pace of negotiations. It’s … Read more
Rousseff Signs Investment Agreements with Peña Nieto
Brazilian President Dilma Rousseff met Tuesday with Mexican President Enrique Peña Nieto in Mexico City to foster a closer relationship between the two largest markets in Latin America and the Caribbean. This event was Rousseff’s first official visit to Mexico since she first became president in 2011. Rousseff kicked off her official visit to Mexico … Read more
Mexico and Canada Threaten U.S. with Sanctions over Meat-Labeling Rule
Mexico and Canada won a final appeal from the World Trade Organization (WTO) yesterday, when the trade body upheld an early decision that found that U.S. country-of-origin labeling (COOL) requirements for meat products violated international trade law. Both countries have warned that they may pursue punitive measures against U.S. exports unless the requirement, which was … Read more
Monday Memo: Castro visits Pope—Chilean Cabinet—Colombian Coca—Guatemalan Corruption—Central American Geothermal
This week’s likely news stories: Raúl Castro has an audience with the Pope; Michelle Bachelet shakes up her Cabinet; Colombia bans coca spraying; a Guatemalan judge is linked to a corruption scandal; Germany will invest in Central American geothermal projects. Cuban President Meets with the Pope: Cuban President Raúl Castro met with Pope Francis this … Read more
Mexico and the United States: Crude Oil Swap?
On April 24, a bipartisan group of five U.S. congressmen, led by Chairman of the House Homeland Security Committee Michael McCaul (R-TX), submitted a letter to President Barack Obama urging the president to exempt Mexico from U.S. crude oil export restrictions. This House letter follows the February bipartisan letter from 21 U.S. senators to U.S. … Read more
Government Clashes with Guatemalan Indigenous Leaders Over Radio Station
The murder of Indigenous activist Pascual Pablo Francisco, whose body showed signs of torture when he was found dead on March 27 in the northern department of Huehuetenango, is the latest episode in a long-standing conflict between the Guatemalan government and the Mayan Q’anjob’al community over the construction of a hydroelectric dam on the K’anbalam … Read more
Monday Memo: Brazil Protests—Colombian Generals Investigation—Obama-Castro Meeting—Puerto Rico Debt—Chilean Mining
This week’s likely top stories: Brazilians demonstrate against corruption; Colombian generals investigated; Obama and Castro hold meeting; Puerto Rico seeks debt help; Chilean communities fight mining companies over water. Hundreds of Thousands Protest Corruption in Brazil: Hundreds of thousands of Brazilians took to the streets on Sunday to protest government corruption. Estimates of participants vary, but police say … Read more
