Latin America Weighs Risk and Rewards of Shale Revolution

A Repsol plant before a ceremony to inaugurate the completion of a new phase at the Margarita-Huacaya gas refinery in the region of Chaco, southeastern Bolivia, Oct. 1, 2013 (AP photo by Juan Karita).
A Repsol plant before a ceremony to inaugurate the completion of a new phase at the Margarita-Huacaya gas refinery in the region of Chaco, southeastern Bolivia, Oct. 1, 2013 (AP photo by Juan Karita).
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Latin America faces difficult choices over hydraulic fracturing, or “fracking,” as the region looks to expand its nascent shale gas and oil industry. To date, the United States and Canada have outpaced their southern neighbors in unconventional energy production. But Latin America, which holds approximately one-fourth of the world’s recoverable shale oil and gas reserves, appears poised to reap the benefits of the North American shale revolution in the coming decade. The urgency to start drilling might have eased in the short term, with lower energy prices making shale less competitive outside the United States. In the meantime, delays afforded […]

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