A Brazilian Energy Giant Struggles

The New York Times has an interesting piece on Petroleo Brasileiro SA, or Petrobras, Brazil’s state-controlled energy giant. The national oil champion is struggling only half a decade after celebrating the discovery of massive ultra-deep oil reserves offshore. Ultra deep reserves are those more than 5,000 feet under water. ...

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Colombia: Shale Oil Exploration Gains Momentum

Colombia’s oil production has risen by about 40% from 2009 to 2011—making it the fastest-growing oil producer in Latin America. Right now, the focus is on expanding unconventional exploration, but this means treading on territory that until very recently was dominated by rebel groups. ...

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RIP Hugo Chávez but How About Chavismo?

Venezuela’s Hugo Chávez has passed away after a very public illness, evoking sympathy by all those in the world admiring his firebrand rhetoric against the devil incarnate himself, the United States (Chávez own preferred allegory.) The most prominent will be Iran’s Mahmoud Ahmadinejad who will fly to Venezuela to pay his respects to his “hermano”. ...

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