After Petrocaribe, New Sources Key to Caribbean Energy Security

U.S. President Barack Obama and Jamaican Prime Minister Portia Simpson-Miller during their bilateral meeting at the Jamaica House, April 9, 2015, Kingston, Jamaica (AP photo by Pablo Martinez Monsivais).
U.S. President Barack Obama and Jamaican Prime Minister Portia Simpson-Miller during their bilateral meeting at the Jamaica House, April 9, 2015, Kingston, Jamaica (AP photo by Pablo Martinez Monsivais).
SUBSCRIBE NOW
Free Newsletter

U.S. President Barack Obama’s announcement of $20 million in financing for private investment in Caribbean clean energy projects at a meeting yesterday with the region’s leaders in Kingston, Jamaica, comes at a good time: After a lost decade, during which easy access to cheap Venezuelan oil undermined incentives to seek alternative sources, the Caribbean now faces long-deferred decisions on how it sources and uses energy. The slump in global oil prices has hit Venezuela’s economy hard, threatening its Petrocaribe trade program, established by the late Venezuelan President Hugo Chavez in 2005 to sell subsidized oil and diesel to the group’s […]

TO READ MORE

Enter your email to get instant access to this article and to receive our free email newsletter:

Or, Subscribe now to get full access.

Already a subscriber? Log in here .

What you’ll get with an All-Access subscription to World Politics Review:

A WPR subscription is like no other resource — it’s like having your own personal researcher and analyst for news and events around the globe. Become a member now, and you’ll get:

  • Immediate and instant access to the full searchable library of 15,000+ articles
  • Daily articles with original analysis, written by leading topic experts, delivered to you every weekday
  • Daily links to must-read news, analysis, and opinion from top sources around the globe, curated by our keen-eyed team of editors
  • Weekly in-depth reports, including features on important countries and issues.
  • Your choice of weekly region-specific newsletters, delivered to your inbox.
  • Smartphone- and tablet-friendly website.

And all of this is available to you — right now for just $1 for the first 3 months.

More World Politics Review