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Argentine President Mauricio Macri must cope with an energy sector in dire straits. Policy over the past decade has been inconsistent and often counterproductive. Subsidies weigh heavily on public finances. However, reforming the hydrocarbon extraction and refining industries should prove far easier politically than solving the country’s challenges in electricity p...
Dr. Noel Maurer
Today’s relatively low price of oil seems to have reconciled the otherwise conflicting interests of the world’s largest producers and consumers. Organizations representing these two groups have warned of negative repercussions, including a price spike that could follow from lower investment. However, the relationship between oil prices, investment and future supply...
Dr. Carole Nakhle
Latin America has vast energy reserves, but exploiting these riches is a slow process. Governments face a host of problems, ranging from deep-water drilling to crime syndicates, nationalisation, lack of infrastructure and the vagaries of world oil prices. In Brazil and Venezuela in particular, political difficulties are holding back progress, writes GIS guest expe...
Iraq is being torn by sectarian strife, but its oil revenues serve as a political shock absorber, upholding the present political system. Expansion of oil production is slow and the autonomous region of Kurdistan is proving the most stable environment for Western companies. In the second of a two-part series, Professor Amatzia Baram looks at Iraq’s economy and says...
Professor Dr. Amatzia Baram