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.

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

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

   

OTHER ARTICLES

  • Latin American economies too dependent on commodity exports
    SANTIAGO, Chile, Sept. 3 (UPI) -- Most of the Caribbean and Latin American countries did well with their commodity exports in the first half of this year but economic planners in those nations need to diversity and increase the ratio of processed goods and manufactures in their earnings abroad, a...
  • India looks at South America for farm revolution
    India is looking at distant South America where countries have been able to ramp up food production with new technology and farming methods
  • Tullow buys 50% interest in licences
    DUBLIN AND London-listed group Tullow Oil has acquired a 50 per cent interest in a number of licences covering the east African rift basins of Kenya and Ethiopia, an area of 97,000sq km.
  • Chavez defends his record on crime in Venezuela
    Venezuelan President Hugo Chavez defended his socialist government's security record on Thursday, rejecting pre-election claims by the opposition that crime had risen sharply during his 11 years in power.
  • 20. UMW to beef up O&G division
    SHAH ALAM: UMW Holdings Bhd is looking at consolidating its oil and gas (O&G) division and may consider mergers and acquisitions again only after a year or so, according to president and group chief executive officer Datuk Abdul Halim Harun.
  • Energy explorer Tullow Oil expands in east Africa
    Anglo-Irish energy firm Tullow Oil said Thursday it would buy a 50-percent stake in six exploration licences in Kenya and Ethiopia, expanding its reach in east Africa.

Yahoo


Warning: file_put_contents(/home/c10129/domains/southamericanoilindustrynews.com/public_html/cache/b4c910d419f6eb239b9cb44adcfe5ca6.spc) [function.file-put-contents]: failed to open stream: Permission denied in /home/c10129/domains/southamericanoilindustrynews.com/public_html/libraries/simplepie/simplepie.php on line 7219

Warning: /home/c10129/domains/southamericanoilindustrynews.com/public_html/cache/b4c910d419f6eb239b9cb44adcfe5ca6.spc is not writeable in /home/c10129/domains/southamericanoilindustrynews.com/public_html/libraries/simplepie/simplepie.php on line 1623