Will U.S. economic woes expose Latin America to new turmoil?

Is the party winding down?

After riding an export boom that sent economic growth surging to its highest levels in three decades, Latin America now finds itself vulnerable to U.S. financial turmoil and the possibility that world commodity prices may fall.

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Latest News - Thursday, 06 March 2008 06:36

Oil and power in Latin America

Tomas Maynas Carijano, an elder of the Achuar tribe, left his home in the Peruvian Amazon earlier this week and traveled to Los Angeles. He came, he said, to tell the story of his people's suffering at the hands of a U.S. oil company. Before an audience at Loyola Law School, Maynas said that 30 years of reckless drilling practices by Occidental Petroleum Corp. had poisoned the land that had been home to his people for thousands of years. Wearing a Toucan-feather headdress, he spoke of an ancient way of life destroyed -- of poisoned rivers, contaminated fish and oil-soaked earth, of sick children and parents.

Read more: Oil and power in Latin America

Latest News - Thursday, 06 March 2008 06:36