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Mexico energy reform: 3 Questions with GlobalPost's Dudley Althaus

MEXICO CITY — State legislators across the country this week sealed a deal that will end the government’s 75-year-old energy monopoly, enabling Mexican and foreign enterprises to vie for a slice of the country’s oil, gas and electricity production. To find out just how huge a deal it is, and why many Mexicans are actually unhappy about it, we spoke to GlobalPost’s senior correspondent in Mexico, Dudley Althaus.

Latin America's oil rush means more climate change

LIMA — Latin America’s new oil rush may delight the region’s treasury ministers, but the extra greenhouse gases it will unleash will only deepen the world’s climate crisis. With the region’s existing oil and gas wells gradually running dry, and global demand growing strong, the Latin American governments are now seeking to exploit unconventional deposits that were previously too difficult, expensive or just plain polluting to extract.

Time to hand off the Persian Gulf baton?

The year is 2030, and a crisis in the Persian Gulf once again threatens to become a debacle of global proportions. Yet by 2030, the cast has changed. More than likely, warships from a host of Asian countries — including Japan, China and India — will be regular visitors to the Gulf by that time. These nations, not the United States or its European allies, will have the greatest stake in preventing a calamity that could damage their economies.

Air Passengers Will Pay the Price of Rising Oil: IATA

"These charges have to be passed on. For competitive reasons the airlines will be reluctant to be the first to do so. But as time goes on we will see upwards pressure on fares, if fuel prices remain high," he added.

Why America Doesn't Care If China Gobbles Up Iraq's Oil

Donald Trump is irate.  When he learned that China is gobbling up Iraq's oil — to the tune of more than half its output — he freaked out.

Glencore CEO: Russia a great investment opportunity

Russia is a prime investment location because of its massive natural resources and its location next to the China, Ivan Glasenberg, the CEO of commodity trader Glencore said on Thursday. "The world is going to have to feed China with more commodities", Glasenberg said at the Russia Forum in Moscow.

Iraq’s oil could reshape global energy landscape

  NEW YORK --- In a major new study published last week, the International Energy Agency reconfirmed what Washington has long suspected: Iraq has the potential to reshape the global energy landscape in the years ahead, thanks to its huge untapped oil reserves.  But whether Baghdad can capitalize on this opportunity is far from clear. The stakes are high—both for the global economy and the country’s future.

Chavez's win feeds nations' Venezuela addiction

LIMA, Peru — Sitting atop the world’s largest oil reserves and vociferously advocating for his “Bolivarian” brand of socialist revolution, Hugo Chavez’s re-election as president of Venezuela has implications that stretch far beyond his country’s borders. One of the US’s most outspoken critics, “el Comandante” is now set to continue his role as a thorn in Washington’s side — whoever is in the White House — while using Venezuelan crude and petrodollars to push his radical agenda across Latin America.

Niger Delta oil spills: Nigerian villagers sue Shell over pollution

"Fish died as a result of the oil spill, making it difficult for me to live and put my children through school," said one of the four plaintiffs, a fisherman.

Is Venezuela about to open up to foreign oil investment?

CARACAS — Chevron officials may share in the three-day mourning declared by Venezuelan President Hugo Chavez over the country’s recent oil blast at Amuay, which killed at least 48 people. A new deal between the US oil giant and the South American country could be a sign of further loosening of the notoriously nationalized economy.
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