Oil Politics and Economic Tensions in Latin America

This chapter explores the complexities surrounding state-owned oil companies in Latin America, such as Pemex, Petrobras, and PDVSA. It highlights the challenges these countries face balancing wealth generation with political and economic uncertainties, as well as the impact of foreign investment and climate change. The discussion also scrutinizes the prevalent issues of financial mismanagement and corruption, exemplifying how these factors influence national identity and power dynamics in the region.