Politics, Business & Culture in the Americas
 

Seeking Investment, Argentina Eases Restrictions on the Oil Industry

The Argentine government announced on Monday that it would allow oil companies that invest at least $1 billion over five years to explore the Vaca Muerta oil field and to export, tax free, up to 20 percent of the crude and natural gas they produce in the country. The move is part of a growing effort … Read more

 

The Promise of Oil in Paraguay

Paraguay has just 6.5 million inhabitants who consume 27,000 barrels per day of refined petroleum products. To put that into perspective, Argentina consumes 698,000 barrels per day, Chile 347,000 and Bolivia 62,000. This makes Paraguay’s needs for hydrocarbons very small when compared to its neighbors. Yet Paraguay is currently importing all of its oil, as … Read more

 

Incentive-Based Contracts in Mexico’s Oil Sector

Mexican President Enrique Peña Nieto’s plan to reform state-owned Petroléos Mexicanos (PEMEX) has attracted the attention of many analysts. Since President Lázaro Cárdenas nationalized the oil sector in 1938, no president has been able to push for reform to allow for foreign ownership of petroleum assets. Peña Nieto sees allowing foreign investment to be critical … Read more

 

Vice President Biden to Discuss Energy Cooperation in Brazil

After visiting Colombia and Trinidad and Tobago this week, U.S. Vice President Joseph Biden began a three day tour of Brazil today that is expected to focus largely on energy cooperation and economic growth. Biden’s first stop on his tour is Rio de Janeiro. While there, the vice president will address energy-sector business leaders, tour … Read more

 

Foreign Investment in Brazil’s Oil and Gas Sector

With urbanization and population growth trending upward, Brazil has increased its demand for energy, especially in the areas of oil, natural gas and electricity. On the supply side, oil and gas production has increased and there have been several well-publicized, large deepwater finds that have generated much excitement. These include the pre-salt reserves off the … Read more

 

AQ Slideshows: Natural Resource Extraction in Latin America

Award-winning photographer Nicolas Villaume accompanied Americas Quarterly to Chile, Colombia and Peru in 2012 to study natural resource extraction and its effect on social inclusion. Photographed during the AQ team’s site visits to mines in each country and meetings with stakeholders at the extraction sites and nearby communities, Villaume’s photos bring this research to life … Read more

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Mining Conflict and Indigenous Consultation in Guatemala

A handful of Mayan-Q’eqchi’ men and women met with lawyers late last year in Ontario to review the details of three lawsuits filed in local courts against the Canadian mining company HudBay Minerals. They had traveled to Canada to pursue legal recourse for their claim that security personnel at the company’s Fenix Mining Project in … Read more

 

Monday Memo: Raúl Castro to Retire in 2018 – Venezuela Awaits News on Chávez – Bolivian Soldiers Face Hearing in Chile – Oscar Arias visits Paraguay – Mining Strike Continues in Colombia

Top stories this week are likely to include: Cuba prepares for political successors in 2018; Venezuela’s opposition protests lack of information on Chávez; Tensions between Chile and Bolivia rise over Bolivian soldiers’ arrest; Oscar Arias visits Paraguay for OAS elections observations; and Cerrejón strike continues after explosives destroy trucks. Raúl Castro Says he’ll Step Down … Read more

 

Rise of Ethanol in Brazil?

Earlier this week in Brazil, the price of ethanol rose above the price of sugar for the first time in nearly two years. What does this mean? Sugar mills, which dot Brazil’s landscape, will now opt to produce ethanol rather than sugar. This is a key development in a country that has been a leader … Read more

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Natural Resource Extraction in Latin America

Articles: The Geopolitics of the Modern Resource Boom by Bernice Lee Prepare for more supply disruptions, price swings and political tensions. Full text available. Resource Nationalism: Beyond Ideology by Hal Weitzman The hemisphere revives an old policy standby. Available online soon. published article?1 Resource Nationalism: Beyond Ideology by Hal Weitzman The hemisphere revives an old … Read more

 

New [i]AQ[/i] Special Section Offers Broad Recommendations for Extractive Activity

Natural resource extraction is a key contributor to economic growth in various parts of the Western Hemisphere, but governments, businesses and civil society are faced with how to improve extractive activity and its effects on broad-based socioeconomic development in respective communities. A special section in the Winter 2013 issue of Americas Quarterly, released today, includes … Read more

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Mining Tensions in Peru and Argentina

The mining boom has brought huge economic benefits to some of Latin America’s least developed countries. But in big mining countries like Colombia and Bolivia the industry’s success is accompanied by an increase in protests, violence and human rights abuses. Not everyone has been able to share in the wealth created by mining—and in many … Read more

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Avoiding the Resource Curse

A country’s ownership of rich natural resources is not necessarily a blessing. It presents a set of extraordinary challenges for policy makers. Bonanzas in foreign exchange all too easily create overvaluation and undermine efforts at economic diversification. At the socio-political level, mineral exploitation provokes intractable social conflicts, while the prospect of environmental contamination is ever-present. … Read more

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