Energy Cooperation in Latin America; the Case of Brazil and Venezuela

Abstract

Energy Resources tend to become the mainstay of a region's economy. However, in spite of being blessed with a plethora of energy resources; the Latin American region has remained devoid of a collective energy policy. Although this is not for the lack of trying, Latin America has repeatedly attempted to build a collective policy that would encompass the various energy resources in the continent and establish a collective policy for their capitalisation which would in turn lead to the region becoming a net energy exporter. While the quest has been noble it is yet to yield any results. Some nations in the region however, have arbitrarily taken the onus of building an energy policy. Taking cues from the above this article attempts to explore the potential of a collective energy policy for Latin America and the attempts made by Brazil and Venezuela in this regard.