Latin America Initiative | Commentary
Exploiting Latin America’s oil potential hampered by politics
July 26, 2013 | Francisco J. Monaldi
Table of Contents
Author(s)
Francisco J. Monaldi
Fellow in Latin American Energy Policy | Director, Latin America Energy ProgramLatin America has 20 percent of world reserves, but only 13 percent of world production. The hydrocarbon industry’s underperformance in Latin America, despite a decade of record high oil prices, is the result of largely political challenges rather than geological limitations. Published by World Review, July 2013.