1. Uncertain Energy: The Caribbean's Gamble with Venezuela
- Author:
- David L. Goldwyn and Cory R Gill
- Publication Date:
- 07-2014
- Content Type:
- Working Paper
- Institution:
- Atlantic Council
- Abstract:
- It has been nearly ten years since the launch of Petrocaribe, a program designed to win the political loyalty of the Caribbean states through generous credit subsidies to help import Venezuelan crude oil and products. Recipient states have grown dependent on high-cost, high-carbon fuels for power generation and Venezuelan credit to balance their budgets.
- Topic:
- Economics, Energy Policy, International Trade and Finance, and Oil
- Political Geography:
- South America, Latin America, Caribbean, and Venezuela