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Essays covering five case studies to gain an insight into the unique Latin American approach to petroleum resources and industries.
This book provides a study of the transformation of the Latin American oil system from one in which the international oil companies dominated to one which is dominated by the main state oil companies, and an account of how some of the more important of the state companies have operated. This comprehensive guide to the evolution of the Latin American oil system combines in one volume a synthesis of material from secondary sources and original research and thus provides an invaluable reference for all concerned with the history and economy of Latin America and with the development and functioning of the international oil industry.
Over the past two decades, the extraction of nonrenewable resources in Latin America has given rise to many forms of struggle, particularly among disadvantaged populations. The first analytical collection to combine geographical and political ecological approaches to the post-1990s changes in Latin America’s extractive economy, Subterranean Struggles closely examines the factors driving this expansion and the sociopolitical, environmental, and political economic consequences it has wrought. In this analysis, more than a dozen experts explore the many facets of struggles surrounding extraction, from protests in the vicinity of extractive operations to the everyday efforts of excluded residents who try to adapt their livelihoods while industries profoundly impact their lived spaces. The book explores the implications of extractive industry for ideas of nature, region, and nation; “resource nationalism” and environmental governance; conservation, territory, and indigenous livelihoods in the Amazon and Andes; everyday life and livelihood in areas affected by small- and large-scale mining alike; and overall patterns of social mobilization across the region. Arguing that such struggles are an integral part of the new extractive economy in Latin America, the authors document the increasingly conflictive character of these interactions, raising important challenges for theory, for policy, and for social research methodologies. Featuring works by social and natural science authors, this collection offers a broad synthesis of the dynamics of extractive industry whose relevance stretches to regions beyond Latin America.
What has happened in Latin America's energy sector since the early 1990s is a revolution. Roles of state energy companies, private investment, and foreign capital are rapidly changing. This comprehensive study from the East-West Center presents an in-depth analysis and realistic forecast of Latin America's energy growth and consumption of primary energy and petroleum products. It also explores relationships between Latin American producers and U.S. and international energy markets. Here is invaluable information for energy economists, policy makers, government regulatory officials, oil company executives, and those interested in gaining an insight into the Latin American energy sector and its future.
Abstract: Crude oil prices have dramatically increased over the past years and are now at a historical maximum in nominal terms and very close to it in real terms. It is difficult to argue, at least for net oil importers, that higher oil prices have a positive impact on welfare. In fact, the negative relationship between oil prices and economic activity has been well documented in the literature. Yet, to the extent that higher oil prices lead to lower oil consumption, it would be possible to argue that not all the effects of a price increase are negative. Climate change concerns have been on the rise in recent years and fossil fuel consumption is generally viewed as one of the main causes behind it. Thus this paper explores whether higher oil prices contribute to lowering oil intensities (that is, oil consumption per unit of gross domestic product). The findings show that following an increase in oil prices, OECD countries tend to reduce oil intensity. However, the same result does not hold for Latin America (and more generally for middle-income countries) where oil intensities appear to be unaffected by oil prices. The paper also explores why this is so.