Energy, Climate Change & Extractive Industries


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Impacts of Politics and Oil Price Collapse on South America’s Smaller and Emerging Producers

Political changes are shaping the outlook in many of South America’s smaller and emerging oil and gas producers, while the oil price collapse and economic decline due to the global coronavirus pandemic are generating uncertainty for the sector. At a webinar co-hosted by the Inter-American Dialogue and the National Capital Area Chapter of the United States Association for Energy Economics (NCAC-USAEE), panelists discussed the outlook for investment in these countries and how political developments are likely to impact producers in the region.

Sarah Phillips

Event Summaries ˙

PDVSA gas station in Venezuela

Can Venezuela’s Oil Industry Ever Recover?

Once a major OPEC producer, Venezuela has witnessed a spectacular fall in oil production over the last 20 years under Hugo Chávez and Nicolás Maduro. In 2019, U.S. sanctions hastened this decline. Will Venezuela ever reclaim its place as a top oil producer?

Lisa Viscidi, Nate Graham

Articles & Op-Eds ˙ ˙ Houston Chronicle

Report Cover for Electrified Islands

Electrified Islands: The Road to E-Mobility in the Caribbean

Caribbean islands are in many ways ideal markets for electric vehicles, and several Caribbean jurisdictions have made significant advances in promoting electric mobility. Examining five case studies—Barbados, Bermuda, Cayman Islands, Jamaica, and the Dominican Republic—this report identifies the key challenges and recommends actions that Caribbean governments and other stakeholders can take to stimulate EV adoption.

Lisa Viscidi, Nate Graham

Reports ˙ ˙ Download Report

Venezuelan flag Video

Can Western companies save Venezuela’s oil sector? Do they want to?

Lisa Viscidi and Nate Graham spoke with S&P Global Platts about the findings of a new report which argues that Western oil companies will be needed to revive Venezuela’s oil sector. They discuss the obstacles that could affect whether these firms increase production in the country under a new government, including US sanctions uncertainty, high taxes, and a shortage of workers and working infrastructure.

Lisa Viscidi, Nate Graham

Interviews ˙ ˙ S&P Global Platts

Political Risk Analysis: What’s Ahead For Mexico’s Renewable Energy Industry?

Until recently Mexico stood out within Latin America as a top potential producer of wind and solar energy, but policies under the López Obrador administration have made the climate for renewable energy investment increasingly hostile. Lisa Viscidi, director of the Energy Program, and Sarah Phillips, program assistant, sat down with Nathaniel Parish Flannery of Forbes to discuss what’s ahead for Mexico’s renewable resource sector.

Lisa Viscidi, Sarah Phillips

Interviews ˙ ˙ Forbes

Reviving Venezuela’s Oil Sector: The Role of Western Oil Majors

With Venezuela’s state oil company in disarray, international oil companies will be the key to tapping the country’s oil resources. The Inter-American Dialogue interviewed eight large Western oil companies about the conditions that will determine how rapidly, and to what degree, they start or ramp up operations in Venezuela following a political transition.

Lisa Viscidi, Nate Graham

Reports ˙ ˙ Download Report

Clean Energy Auctions in Latin America

Long-term power supply auctions are an increasingly popular instrument worldwide for attracting renewable energy investment while cutting prices, increasing energy security, and reducing emissions. Latin America has been at the forefront of using auctions to boost renewable energy capacity. This study analyzes design and outcomes of government-led long-term power auctions with participation from non-conventional renewable sources in six countries in Latin America and the Caribbean (Brazil, Chile, Mexico, Argentina, Peru, and Jamaica) since 2015.

Lisa Viscidi

Reports ˙ ˙ Inter-American Development Bank

Turmoil in South America and the Impact on Energy Markets

2019 has been a tumultuous year for South America. In recent months, mass protests have swept across several countries, including major oil and gas producers Bolivia, Ecuador, Peru, and Colombia. Continued political and social turbulence will likely contribute to stagnant oil and gas production growth in these countries. Conversely, Brazil and Guyana are on track to become the region’s largest sources of supply growth.

Lisa Viscidi

Articles & Op-Eds ˙ ˙ Istituto Affari Internazionali

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