Shale fever and the political chess among major oil producers and consumers have put OPEC in one of the most difficult junctures in its 54 years of history.
The boom in unconventional fossil fuels has revived indigenous conflicts in southwest Argentina. Twenty-two Mapuche communities who live on top of Vaca Muerta, the geological formation where the reserves are located, complain that they were not consulted about the use of their ancestral lands, both “above and below ground.”
“If I had to choose today I would stay back home, I wouldn’t come to look for work here,” said Josefa Gomes, who 30 years ago moved from Serra Redonda, a small town in Brazil’s semiarid northeast, to the city of Rio de Janeiro, 2,400 km away.
In Argentina they call it “yeil”, the hispanicised version of “shale”. But while these unconventional gas and oil reserves are seen by many as offering a means to development and a route towards energy self-sufficiency, others believe the term should fall into disuse because the global trend is towards clean, renewable sources of energy.
This small town in southern Argentina is nearly a century old, but the unconventional fossil fuel boom is forcing it to basically start over, from scratch. The wave of outsiders drawn by the shale fuel fever has pushed the town to its limits, while the plan to turn it into a “sustainable city of the future” is still only on paper.
Unconventional oil and gas reserves in Vaca Muerta in southwest Argentina hold out the promise of energy self-sufficiency and development for the country. But the fracking technique used to extract this treasure from underground rocks could be used at a huge cost.
With the expansion of the canal, Panama hopes to see its share of global maritime trade rise threefold. And many Panamanians hope the mega-engineering project will reduce social inequalities in a country where development is moving ahead at two different speeds.
Production here has skyrocketed so fast that for now the installations of the YPF oil company at the Loma Campana deposit in southwest Argentina are a jumble of interconnected shipping containers.
Cuba’s sugar industry hopes to become the main source of clean energy in the country as part of a programme to develop renewable sources aimed at reducing dependence on imported fossil fuels and protecting the environment.
Since January, villagers and townspeople near the Los Pescados river in southeast Mexico have been blocking the construction of a dam, part of a multi-purpose project to supply potable water to Xalapa, the capital of the state of Veracruz.
The Mariel special economic development zone, the biggest construction project undertaken in decades in Cuba, emerged thanks to financial support from Brazil, which was based on political goodwill, a strategy of integration, and business vision.
With the first solar thermal power plant in Latin America, Chile hopes to begin to alleviate its energy crisis, which threatens to further drive up the high cost of electricity and to hinder the growth of investment, especially in the mining industry.
Víctor Sánchez doesn’t want gold or the comfortable future income he was promised.He just wants to live the life he has always lived on his farm along the Banks of the Las Lajas river – but the river is slated to become part of the route followed by the Nicaragua Interoceanic Grand Canal.
Every day, Celina Maria de Souza rises before dawn, and after taking four of her children to the nearby school she climbs down the 180 steps that separate her home on a steep hill from the flat part of this Brazilian city, to go to her job as a domestic. In the evening she makes the long trek back up.
As Argentina starts to mend fences with the international financial markets, the emerging powers that make up the BRICS bloc invited it to their next summit. This could be a step towards this country’s reinsertion in the global map, after its ostracism from the credit markets since the late 2001 debt default.