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Caribbean


Historic oil meeting in Cuba set for October

Leaders and experts of the oil industry will meet in Havana, Cuba in October to establish environmental and safety policies for oil drilling in the waters shared by both countries. The relationship between both becomes stronger, yet the trade embargo remains, limiting the availability of high-tech drilling equipment and techniques by David Goohue, The Reporter, July 23,…

Low oil prices hamper Mexico’s deregulation, limit potential Cuban development

Expert Jorge Pinon talks to World Oil about the future of oil in Mexico. He believes that current projects will take up to seven years to monetize, raising questions among investors as to how future oil prices affect their investment. On the other hand, Pinon says that Cuba’s oil industry has yet to demonstrate its potential. After five failed attempts, low…

Examining China’s environmental and social impact in Latin America

China’s recent investments in Latin American and Caribbean are having a great impact in these countries’ environment. Exporting to Asia has consequences on their natural resources which will eventually run out. In Brazil, the cost is 4.3 cubic meters of water for every dollar of exports to China. As for social impact, one of the…

Barack Obama Visits Jamaica, Urges Caribbean on Green Energy

Following up with what was a historic move of renewing a relationship with Cuba, President Obama is now focusing on supporting Caribbean economy. In talks with Caribbean leaders, the President discussed possible investment on clean energy projects and even signed a statement of intent with Jamaica on a planned energy cooperation agreement. by Caribbean Journal,…

Obama Offers $20 Million in Energy Aid to Caribbean Nations

President Obama is looking to reduce energy costs and fight climate change. Through his administration, the U.S. is offering $20 million to fund different projects, including a 20-megawatt solar farm in Jamaica and the largest private wind-energy project. The administration is also considering supporting the region to cut back Venezuela. by Kejal Vyas, Wall Street…

Obama To Address Caribbean’s ‘Economic Achilles Heel’ — Energy

President Obama and other dozen Caribbean leaders are meeting in Jamaica to discuss the region’s future. With oil prices going down and Venezuela’s economy in trouble the Caribbean will soon run cheap in oil, putting its future at great risk. The U.S. government intends to talk initiatives to prevent the region from economic hardship. Expert…

U.S. Energy Reform proposal to the Caricom region

With just a few days away from the Summit of the Americas happening in Panama, the U.S. Energy Reform is a trend topic in conversations about the big event. How will this reform affect Caricom region? Our expert Jorge Piñon, speaks to CNN about the consequences that may come of Venezuela having control over 50%…

Dominican Republic to attend Caribbean Energy Security Summit

US Vice President Joe Biden will be hosting a summit on Caribbean energy security on January 26, 2015 in Washington D.C.  The Dominican Republic, Jamaica, Grenada and Caribbean nations are attending the summit whose goal is to promote a cleaner and sustainable energy future in the Caribbean. Dominican Today, January 18, 2015 The White House…

V.I. to foreclose on HOVENSA, sue for breach of contract

During a press conference, Governor Kenneth Mapp of the Virgin Islands, directed his government to proceed with a foreclosure of the HOVENSA property citing natural resources damages and groundwater contamination against HOVENSA.  Additionally he asked his legal counsel to pursue claims of breach of contract against Hess Corp, HOVENSA and its owners in regards to…

Plummeting energy prices sting Caribbean’s economic powerhouse

As the price of oil declines Latin American and Caribbean countries are feeling the bite of the rolling energy market.  Trinidad and Tobago current economic turmoil has placed its prime minster into a tight corner. Kamla Persad-Biessessar, prime minister of Trinidad and Tobago, had assured her country last fall when price starting falling that it…

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