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| 3/16/2009 12:00:00 AM

Energy: Brazil, Colombia Best Outlook

Mar 16 -- Brazil, Colombia and Trinidad offer the best potential this year among energy markets in Latin America and the Caribbean, experts say.

Brazil, Colombia and Trinidad are the Latin American and Caribbean energy markets with the best outlook this year, expert say. “Brazil/Petrobras is the only player in the region with a vision and a long term strategic road map necessary to achieve it,” says Jorge R. Piñon, an energy fellow at the University of Miami’s Center for Hemispheric Policy.

Jeremy Martin, director of the energy program at the Institute of the Americas, agrees, although he sees some dark clouds. “As the only country in the region that can claim increased oil production, Brazil continues to be a huge player and worthy of investors’ attention,” he says. “However, the spirited debate occurring in Brazil over their model for oil & gas development, and how to handle the huge offshore finds remains a large X factor and one that may force companies to reexamine future opportunities, though such a paradigm shift is unlikely in 2009.”
 
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