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Resource Nationalism and Energy Security in Latin America: Implication for Global Oil Supplies

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/20538

Resource Nationalism and Energy Security in Latin America: Implication for Global Oil Supplies

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Title: Resource Nationalism and Energy Security in Latin America: Implication for Global Oil Supplies
Author: Mares, David R.
Subject(s): energy
policy
resource
nationalism
security
supply
Latin America
industry
market
oil
gas
hydrocarbons
public
private sector
Washington Consensus
Venezuela
Mexico
Brazil
Colombia
Argentina
Ecuador
Abstract: Energy policy is usefully characterized by the degree to which resource nationalism and energy security are pursued. The balance achieved between these two key concepts dramatically affects global energy supplies. Over the past century, both of these ideas have played particularly significant roles in Latin America, where the oil industry first developed outside the US, and an area that continues to draw the attention of the world market. Because Latin America is a growing source of hydrocarbons for the world market, its energy policies are of increasing importance. The challenge is to understand why a country works with or against market forces in the energy sector. This working paper explores the impact of these energy policies on global oil supply by applying an argument about the determinants of energy policies of oil and gas exporters, and explores ways to influence these determinants to ensure the development of the region's resources for the benefit of people within and beyond the region.
Date: 2010-01
Publisher: James A. Baker III Institute for Public Policy, Rice University
Citation: Mares, D.R. (2010, January). Resource Nationalism and Energy Security in Latin America: Implication for Global Oil Supplies.
Description: This material may be quoted or reproduced without prior permission, provided appropriate credit is given to the author and the James A. Baker III Institute for Public Policy.
URI: http://hdl.handle.net/1928/20538
Available at: http://bakerinstitute.org/publications/EF-pub-MaresResourceNationalismWorkPaper-012010.pdf

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