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INDUSTRY REPORT: Energy Security

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Latin American countries could benefit from a more integrated energy market. Has the time come for them to forget about nationalism? The nations of Latin America and the Caribbean possess one of the world’s largest reserves of petroleum and natural gas, as well as an abundant supply of hydroelectric energy. In fact, the western hemisphere has plentiful sources of both conventional and renewable energy. Nearly a third of the world’s proven petroleum reserves are in the Americas, according to statistical reports from British Petroleum (BP). Latin America has 9.7 percent of world reserves and produces 13.8 percent of the world’s […]
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