As the price of oil bulged beyond the US$50 per barrel mark for the first time in 2005, Nicaragua again found itself lost in a conundrum. With its geothermal, hydroelectric, and wind resources, the country is a potential generator of renewable, nonpolluting energy economically within reach of every citizen. But Nicaragua also lacks the means to motivate that kind of development and, as a result, has spent so much of its meager treasure on imported oil that it plunges ever more deeply into crippling debt.
NotiCen writers. "Nicaragua, a potential alternative-energy hotspot." (2010). http://digitalrepository.unm.edu/la_energy_notien/123