As Latin American countries reassess their energy policies in light of lower oil prices, there is an opportunity to apply lessons learned from the US experience to enact regulations that mitigate environmental risks, strengthen public support, and attract investment.
The surge in unconventional oil and gas production in North America has dramatically shifted energy markets in the Americas, with important implications for Latin America and the Caribbean. A new report by Lisa Viscidi, Director of the Energy, Climate Change and Extractive Industries Program at the Inter-American Dialogue, examines the factors behind rising oil demand and the growing deficit in refining capacity in Latin America, as well as the geopolitical implications of increasing US oil product exports to the region.
Argentina’s nascent shale industry is one of the most promising frontiers for unconventional oil and gas development outside of the US.
