Latin America’s New Petro-Politics
In his 2006 State of the Union address, President Bush famously stated that "America is addicted to oil." He soon followed that proclamation with an announcement that his solution to the addiction is to diversify U.S. sources of oil - not to diversify away from oil with clean, renewable sources of energy. That is sure to mean increased U.S. political attention to Latin America. Oil multinationals are already looking to intensify drilling operations in Latin America, because that's where the oil is.