Jair Bolsonaro’s victory in the Brazilian presidential election was widely seen as promising for the country’s oil sector, which has been revitalized by reforms that opened the upstream market under the Temer administration, but many questions remain unanswered as the January 1 inauguration approaches. Lisa Viscidi spoke with Meghan Gordon and Brian Scheid of the Capitol Crude podcast about the future of Petrobas and its subsidiaries, fuel subsidies, and deepwater exploration under Bolsonaro.
Mexico’s 2013 energy reform has led to pledges of almost $200 billion of private investment and renewable power auctions garnering bids to provide electricity at record-low prices. The Mexican government should continue to build on the successes of the reform, César Hernández, former Mexican undersecretary for electricity, and Jorge Castilla, managing director for Mexico at Accenture, said at an event hosted by the Inter-American Dialogue, the Embassy of Mexico, and the Energy Policy Research Foundation.
November’s midterm elections altered the balance of power in Washington, and the new Democratic majority in the House of Representatives, which will mean new chairs on key committees, will play an important role in shaping US energy diplomacy and energy markets in the Western Hemisphere. At an event co-hosted by the Inter-American Dialogue and the Institute of the Americas, panelists discussed how the new Congress will approach key issues affecting energy within the context of Latin America’s evolving role in US trade and foreign policy.
New leaders in Mexico and Brazil may mean big changes to their respective energy sectors. Lisa Viscidi tells Richard Miles of CSIS that a Mexican delay on offshore bidding could have a major impact, but that Brazil is likely to maintain the status quo. Venezuela could take years to recover production once it emerges from its current crisis, given the massive investment required to reverse declining oil output.
Lisa Viscidi, Richard Miles
Interviews ˙
˙ Center for Strategic & International Studies
Electric mobility would bring a host of benefits to Latin America. Countries like Chile are taking the lead in adopting electric buses and promoting private use of electric vehicles. Yet hefty price tags and a lack of charging infrastructure are among the barriers that must be surmounted for widespread uptake in the region.
Brazil should build on its impressive efforts in renewable energy, clean transport, and deforestation reduction. But as President Jair Bolsonaro assumes power, one of the world’s largest economies is on the verge of relinquishing its role as an environmental leader and retreating from the fight against climate change.
Even if Juan Guaido or another opposition figure finally takes the reins and starts fixing the oil sector in Venezuela, it will take years before oil exports can provide the economic boost needed to pull the nation out of the morass. Venezuela’s oil industry has been severely damaged, and there are questions about the long-term economic viability of its oil fields. Venezuelans will likely be disappointed with the pace of the economic turnaround under any new government—a risk that poses a real threat to political stability. Expectations ought to be tempered.
Energy Program Director Lisa Viscidi spoke with CGTN about US sanctions on Venezuela and the effects they are having, both in terms of raising the pressure on Nicolás Maduro and heightening the risk of deepening the country’s humanitarian crisis.
Energy Program Director Lisa Viscidi went on CGTN to discuss the latest developments in the increasingly international debate over how to peacefully resolve the crisis in embattled Venezuela.
AMLO’s skepticism of private investment, the cancellation of generation and transmission auctions, and the return to state-led electricity development through bolstering of the CFE threaten to squander Mexico’s renewable potential and drag its clean development efforts backwards.
Lisa Viscidi
Presentations ˙
˙ Woodrow Wilson International Center for Scholars
Argentina’s economic crisis and the fiscal belt-tightening it demands have led to gradual cuts to wholesale electricity and natural gas subsidies for consumers and a liberalization of energy prices over the course of Mauricio Macri’s administration. This has helped make Argentina more attractive as a destination for energy investment despite its economic tumult, said Argentine Secretary of Energy Gustavo Lopetegui at an event organized by the Inter-American Dialogue on March 14.
Directora del Programa de Energía Lisa Viscidi habló con El Financiero TV sobre la grave condición de la industria energética en Venezuela, las medidas que serían necesarias para recuperarla y las barreras para lograrlo.
El 22 de marzo el presidente Donald Trump se reunió en Mar-a-Lago con delegados de cinco naciones caribeñas. Uno de los motivos para la reunión era hablar sobre Venezuela. Lisa Viscidi habló con NTN24 sobre la dependencia de las naciones caribeñas del petróleo venezolano, que se les prestaba por muchos años como parte del programa Petrocaribe con tasas de interés bajas y periodos de repago largos, y la continua afinidad ideológica de algunos países con Venezuela.
Venezuela’s longest-ever blackout, which began on March 7 and lasted until at least March 12 in most of the country, aggravated an already dire humanitarian situation. Lisa Viscidi presented to a special meeting of the OAS Permanent Council about how grave government mismanagement of the power sector debilitated Venezuela’s grid, making electricity rationing a routine and power failures commonplace.
In a wide-ranging panel about current events in energy, Lisa Viscidi commented on the shift in the US energy trade balance and its effects on foreign policy, Chinese financing for foreign energy projects, the importance of upgrading transmission lines for expanding renewable power generation, and how the Green New Deal attempts to reframe the discussion on climate change in the US.
