President Felipe Calderón presented a much-anticipated energy reform proposal to Mexico's Congress on April 8. Politics and questions about private investment will determine the fate of the bill.
Energy & Commodities
Bruce Dale, Professor, Michigan State University, and David Pimentel duel over the economic and environmental sense of biofuels.
Experts say China's appetite for commodities helps insulate Latin America against the sluggish U.S. economy. Others point to ways the region can take advantage of the windfall through reforms and infrastructure development.
In testimony before U.S. Congress, COA Vice President Eric Farnsworth says many countries in the Latin America lack the investment needed to maximize exploration, production, and distribution of their natural resources. Energy cooperation with Latin American countries should be part of the U.S. strategic agenda for the region.
Bolivia struggles to maintain contractual commitments to Argentina and Brazil, leading to a recent leader’s meeting in Buenos Aires about the matter. In Venezuela, fallout continues following last year's nationalizations.
At a weekend Buenos Aires summit, leaders talked about energy needs. As Bolivia falls short in meeting natural gas export demands, Argentina and Brazil may look to nuclear power as a solution.
Pemex struggles with declining oil production and a push for reform in the Mexican Congress that would allow private investment. Meanwhile, Petrobras is seen as a model for how national oil industries should be run.