US should be ready if Petro Caribe tightens credit terms, study says

07/21/2014
The possibility that Venezuela's financial support for energy imports in the region could erode quickly makes it imperative for the Obama administration to adopt a wide range of policies to avoid an energy crisis in the Caribbean and Central America, a recent Atlantic Council report said. "It's almost 10 years since Venezuela announced the Petro Caribe program, which sells products at market benchmarks, but provides credit financing," said David L. Goldwyn, president of Goldwyn Strategies LLC and a senior nonresident energy fellow at the Atlantic Council's Adrienne Arsht Latin America Center, during a discussion of the report he co-wrote with Cory R. Gill. Petro Caribe has been ...
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