Venezuela holds some 85 percent of Latin America's crude oil reserves, and the region overall has the world's second-largest oil reserves after the Middle East, according to figures presented by the Latin American Energy Organization (OLADE) at a two-day seminar earlier this month in Quito. Looking ahead 20 years, what are the geopolitical implications of Latin America's vast hydrocarbon resources? What energy trends will shape the economies of Latin America and the Caribbean in the long term, and how can the countries of Latin America best capitalize on energy wealth in the global environment moving ahead? Can Latin America avoid the political turmoil and other ""oil curse"" hazards that have long plagued nations of the Middle East? How?
Inter-American Dialogue's Latin American Energy Advisor
Inter-American Dialogue's Latin American Energy Advisor. "Can Latin America Capitalize on Oil Wealth in the Long Term?." (2011). http://digitalrepository.unm.edu/la_energy_dialog/157