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Energy & Commodities
Can renewable energy be the answer for PetroCaribe's imperiled members?

By mortgaging off Citgo, the last fairly well-functioning piece of the national oil sector, the Maduro administration and the ruling PSUV can muddle on, likely averting default for another year—though the falling oil price is a new major problem. 

The Caribbean is addicted to cheap oil—but this is not sustainable, given the declining state of the Venezuelan economy. 

This week's likely top stories: Venezuelan opposition leaders halt protests in Caracas; Haiti swears in its nine-member Provisional Electoral Council; the U.S. hosts the first-ever Caribbean Energy Security Summit; AT&T acquires Nextel Mexico; Rio’s environment secretary announces that Guanabara Bay will not be clean in time for the 2016 Olympic Games.

Amid a major drought that is depleting hydropower reservoirs across Brazil, Itaipu remains a major source of clean energy in Brazil and Paraguay.

This week's likely top stories: Haiti attempts to negotiate its way out of political deadlock; Cuba frees 53 political prisoners, holding up its end of the rapprochement deal with U.S.; Mexico cuts funding to PEMEX causing major oil sector layoffs; the U.S. Supreme court declines to review a challenge to Louisiana’s gay marriage ban; China and CELAC hammer out the details of increased economic partnership.

Mientras Cuba abraza a los Estados Unidos, Venezuela abraza al vacío.

On December 8, the Geothermal Development Facility (GDF) was launched during the UN climate change talks in Lima, Peru, mobilizing $1 billion towards geothermal development across Latin America.

This week's likely top stories: Colombians march against possible amnesty for FARC; Haitian Prime Minister Laurent Lamonthe steps down; Chinese railroad company wins $275 million in orders from Argentina; Venezuela seeks to expand PetroCaribe despite its fragile economic situation; Thousands gather across the U.S. in anti-police brutality protests.

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